About Wearable EEG Monitors
Wearable EEG Monitors are used for application for remote patient monitoring applications. The manufacturers operating in the industry are exploring their footprint in new geographical areas. An also heavily investment in technology development and increase funding for research and development.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by market-leading players whose plyers are highly focusing on production technologies, improving efficiency and shelf life. With the rapid development in market growth opportunities, these can be captured by tracking the ongoing process improvement and financial flexibility to invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Wearable EEG Monitors market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Interaxon (Canada), Nerosky (United States), Emotiv (United States), Gentag, Inc. (United States), Biobeat Technologies (Israel), CannTech PA LLC (United States), Contech Medical Inc. (United States), Custo med Gmbh (Germany), Meditech (United States) and VitalConnect (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Wearable EEG Monitors market by Type (Portable and Compact), Application (Neuromonitoring, Monitor and Others) and Region.
On the basis of geography, the market of Wearable EEG Monitors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Direct Sales will boost the Wearable EEG Monitors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channels, the sub-segment i.e. 5-Channel Type will boost the Wearable EEG Monitors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Investment in Research and Development and The Rise in Government Initiatives
Market Growth Drivers:
Increasing Number of the Geriatric Population and Growing Incidences of Neurovascular Disorders
Challenges:
Fluctuation in Price of Raw Materials
Restraints:
The Slowdown in Economy Because of Covid-19 Pandemic
Opportunities:
Rising Number of New Market Entrants
Market Leaders and their expansionary development strategies
In December 2021, NeuroSky announced a partnership with SFIO (Starfleet Innotech) for further expansion of its biosensor wearables in different geographies. The partnership allows NeuroSky to sell its products in UAE, New Zealand, Malaysia, Singapore, Thailand, and United States.
In January 2021, BioSerenity, Inc. received FDA clearance for its Neuronaute EEG System and IceCap EEG wearable device that provides remote electroencephalography monitoring and assessment of brain activity of people living with neurological disorders. Neuronaute system consists of hardware and software that acquire, transmit, display, and store EEG signals while IceCap is a wearable device that is used with the Neuronaute system for recording routine or emergency brain activity.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Wearable EEG Monitors Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.