Electroencephalography Devices MarketSize and Trends

EEG Devices Market – Insights

Electroencephalography (EEG) is a neurological test that is used to measure and record electrical activities in the brain. The test is used in the diagnosis of various neurological disorders such as epilepsy, Parkinson’s disease, and Alzheimer’s disease. EEG monitoring is also used in the diagnosis of seizures and epilepsy in children. There are different types of EEG (Electroencephalography) devices such as standalone, portable, and wireless, depending on the modality of the device.

The global Electroencephalography Devices Market is estimated to account for US$ 2,198.0 Mn in terms of value by the end of 2027.

Global 25 Channel EEG (Electroencephalography) devices segment was valued at US$ 287.8 Mn market in 2018 and is forecast to reach a value of US$ 530.6 by 2027 at a CAGR of 7.3% between 2019 and 2027

Global Electroencephalography Devices Market: Trends

The field of neurology is witnessing increasing technological developments that are focused on comprehending the functioning of brain in order to develop new approaches for the treatment of various neurological diseases. Some of the most prominent R&D activities are real-time brain feedback boosting, analyzing changing non-invasive brain stimulation behavior, and development of drug to ensure prevention of post-traumatic stress.

Several market players are focused on solidifying their distribution network in existing markets while simultaneous focusing on business expansion in emerging and untapped markets. Moreover, increasing prevalence of neurological disorders in emerging economies is expected to boost growth of the market.