About EEG Equipment
EEG equipment (Electroencephalography), is used to monitor and visually display the electrical activity generated by the brain and other key physiological signals for both diagnosis and monitoring of neurological disorders. Consistently researchers are working on the development of wireless EEG by using headsets rather than electrodes. This equipment plays a crucial role in various fields, from neuroscience research to clinical diagnosis and even brain-computer interfaces.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global EEG Equipment 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.
Cadwell Laboratories (United States), Compumedics (Australia), Natus Medical (United States), Nihon Kohden (Japan), Medtronic (Ireland), CAS Medical Systems (United States), EMS Biomedical (Austria), Motion Lab Systems (United States), Neurosoft (Russia) and Neurowave Systems (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global EEG Equipment market by Type (Conventional EEG Equipment, Dynamic EEG Equipment and Video EEG Equipment) and Region.
On the basis of geography, the market of EEG Equipment 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 Modality Type, the sub-segment i.e. Portable Devices will boost the EEG Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel Type, the sub-segment i.e. 8-channel EEG will boost the EEG Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals & Clinics will boost the EEG Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Efficient Brain Monitoring Devices Worldwide and Key Players are Continuously Introducing Technologically Advanced Devices
Market Growth Drivers:
Rise in Prevalence of Brain Disorder Among Epilepsy Patients Across the World and Increasing Geriatric Population and Surging Number of Neurological Disorder in Both Developed and Developing Countries
Challenges:
Stringent Government Regulations
Restraints:
Availability of Alternative Diagnostic Techniques Such as CT, DTI, MRI, PET and High Cost and Lack of Trained Professionals in Emerging Nations
Opportunities:
Surge in Investment for Advancement of Healthcare Infrastructure in Developing Economies
Market Leaders and their expansionary development strategies
In October 2023, Natus Medical Inc. (Pleasanton, CA, USA) and NeuralMetrics, Inc. (Boston, MA, USA) announced a definitive agreement for Natus to acquire NeuralMetrics, a leader in mobile brain monitoring technology. This combines Natus' expertise in clinical neurology with NeuralMetrics' advanced mobile EEG platforms, aiming to expand access to brain monitoring outside of traditional clinical settings.
In November 2023, Compumedics Ltd. (Melbourne, Australia) and Blackfridge Electronics Pty Ltd. (Melbourne, Australia) entered into a strategic partnership to develop and commercialize next-generation EEG headsets for research and clinical applications. Blackfridge's expertise in miniaturization and low-power technology will be combined with Compumedics' established position in EEG systems.
Key Target Audience
EEG Equipment Manufacturers, Technology Providers, System Integrator, Software Providers Companies, Government and Private Bodies, End Users and Others
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.