Global Electroencephalography Systems/Devices Market: By Product: 8-channel EEG, 21-channel EEG, 25 channel EEG, 32-channel EEG, 40-channel EEG, Multichannel EEG; By Portability: Standalone Devices, Portable Devices; By End Use: Hospitals, Diagnostic Centers, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Key Players & Company Profiles; Events and Developments

Global Electroencephalography Systems/Devices Market Key Insights:

Market Outlook

The global electroencephalography systems/devices market reached a value of around USD 921.5 million in 2019 and is expected to grow at a CAGR of 9.4% over the forecast period of 2020-2025. The main factor contributing to the growth of the electroencephalography systems/devices industry is the increased implementation of these machines in the health care sector due to the growing instances of neurological disorders globally.

Properties and Applications

Electroencephalography is a procedure used in clinical neurophysiology as it records and measures human brain-generated electrical activity. Other issues connected with inappropriate brain or central nervous system functioning that can be diagnosed with electroencephalography devices include coma, confusion, stroke, and tumours, among others. Electroencephalography (EEG) are used to diagnose issues like epilepsy and seizures.

The electroencephalography systems/devices industry can be divided based on segments like product, end-use, and portability.

The industry can be divided on the basis of its product as 8-channel EEG, 21-channel EEG, 25 channel EEG, 32-channel EEG, 40-channel EEG, and multichannel EEG. The industry can be broadly categorised based on its end-use into:

• Hospitals
• Diagnostic Centres
• Others

The industry can be divided based on its portability as standalone devices and portable devices.

The EMR report looks into the regional electroencephalography systems/devices markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

Rising incidence and increasing awareness of neurological disorders are significant factors contributing to the growth of the industry. High incidences of Alzheimer’s, epilepsy, dementia, multiple sclerosis, Parkinson’s illness, and stroke have resulted in the increased demand for electroencephalography (EEG) devices. Also, technological progress in 32-channel EEG products and their high adoption by healthcare professionals is further aiding the electroencephalography systems/devices market. While the standalone devices segment is the most frequently used EEG form, the portable EEG devices market are anticipated to witness a rapid growth in the coming future due to the ease of accessibility and high patient convenience provided through this modality during the operation. The market growth of electroencephalography (EEG) might be hindered by side-effects of the procedure like seizures.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global electroencephalography systems/devices market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Compumedics Ltd.   
• Natus Medical, Inc.  
• Electrical Geodesics, Inc. 
• Medtronic   
• NeuroWave Systems, Inc.  
• Noraxon U.S.A., Inc.
• Cadwell Laboratories, Inc.
• Nihon Kohden America, Inc.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Questions Answered in the Market Report:

• How has the global electroencephalography systems/devices market performed in the previous years (2015-2019)?
• What is the forecast assessment of the market for 2020-2025?
• What are the major drivers for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints for the historical (2015-2019) and forecast (2020-2025) periods?
• Who are the major manufacturers of EEG devices in the market globally?
• What are the major demand indicators of the global market?
• What is the degree of competition in the global market?
• What are the major events and developments taking place within the industry globally?

Introduction

EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.

Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:

• Value-added and infallible market intelligence.
• A holistic understanding of the current and expected market fluctuations through meticulously collected data.
• Verified information on the probable opportunities and risks in the present and forecasted markets.
• Validated and thoroughly analysed insights derived from our latest analytical tools and impeccable sources.

Assessment Approach

Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.

Price Assessment

We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.

Market Assessment

Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.

Data Collection

We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the industry.

Primary Research

As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.

Secondary Research

EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing industry conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the industry, the supply chain, the competitive landscape, and the product.

Other Analyst Tools and Data Models

Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and industry strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.

Data Prioritisation

Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.

Data Validation

Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.

Exigent Data Assessment

Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.

Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.