Market Challenges And Opportunities

Global Electroencephalography Devices Market: Restraints

However, neurological study requires skilled professionals to operate and administer testing in accurate manner. Therefore, lack of skilled professionals is expected to hinder growth of the global EEG devices market. Moreover, setup of conventional EEG is a time consuming process and may lead to patient inconvenience and EEG test offers poor spatial resolution compared to other brain monitoring techniques such as functional magnetic resonance imaging (fMRI) and electromyography (EMG), which is expected to further restrict growth of the market over the forecast period.

Global Electroencephalography Devices Market: Opportunities

Development of wireless devices and brain-controlled interface technology can enhance patient convenience and offer growth opportunities for market players. For instance, Brain Products GmbH offers LiveAmp—a wireless EEG solution. LiveAmp has internal data storage and can be used in research related to sports, sleep, and cognitive behavior.

Moreover, increasing use of EEG devices for event-related potential (ERP) detection is also expected to offer lucrative growth opportunities for the market players. For instance, Advanced Brain Monitoring, Inc. offers B-Alert X24—a product that aids Defense Advanced Research Projects Agency (DARPA) in real time ERP detection. The product is portable, easy-to-use, wireless, and comfortable for hours of EEG monitoring.