Global Electroencephalography Equipment Market Set for Rapid Growth, to reach Value USD 783.6 Billion by 2025

06-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Electroencephalography Equipment Market by Product (EEG Equipment, EEG Accessories, Integrated EEG Systems and Portable EEG Systems), Application (Anesthesia Monitoring, Disease Diagnosis, Sleep Monitoring, Trauma and Surgery and Others) and End user (Hospitals, Diagnostics and ASCs and Others) – Global Industry Perspective Comprehensive Analysis and Forecast, 2019-2025” According to the report, global demand for electroencephalography equipment market was valued at approximately USD 1,445.96 Million in 2018, and is expected to generate revenue of around USD 1,930.01 Million by end of 2025, growing at a CAGR of around 4.2% between 2018 and 2025.

Browse the full “Electroencephalography Equipment Market: by Product (EEG Equipment, EEG Accessories, Integrated EEG Systems and Portable EEG Systems), Application (Anesthesia Monitoring, Disease Diagnosis, Sleep Monitoring, Trauma and Surgery and Others) and End user (Hospitals, Diagnostics and ASCs and Others) – Global Industry Perspective Comprehensive Analysis and Forecast, 2019-2025” Report at https://www.zionmarketresearch.com/report/electroencephalography-equipment-market

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Electroencephalography instruments are employed to track electrical signals of the brain. These electrical signals, though, are extremely low and thus an amplifier is used to augment the voltage. The readings of electroencephalographic test are used to recognize various neural disorders. The instrument works to seize the reading of brain wave with the help of electrodes bound to the scalp of the patient. Electroencephalographic equipment is typically used in hospitals, facilities of outpatient surgery, labs, and others.

The major factors driving the growth of electroencephalographic equipment’s are growth in the elderly population and growth in the usage of electroencephalographic equipment in hospitals. In addition, the upsurge in the prevalence of neurological ailments such as Alzheimer's disease and epilepsy often stimulates the development of the mandate for electroencephalographic equipment. Moreover, electroencephalographic equipment technical advances are added factor contributing to the development of the global electroencephalographic equipment market. The emergence of substitute goods, however, hampers market growth. In comparison, growth prospects are expected to act as a lucrative opportunity in the forecast timeframe for the global electroencephalographic equipment industry.

The study provides a decisive view on the Electroencephalography Equipment market by segmenting the market based on product, application, and end user. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025.

Based on Product, the market is segmented into EEG equipment, EEG accessories, integrated EEG systems and portable EEG systems. The EEG accessories segment was a major revenue contributor in 2018 and as these products are purchased regularly, it is expected to maintain its dominant position throughout the study era. In addition, the other factors contributing to this market's development include the increase in various neurological disorders such as autism, Alzheimer's and others.

Based on the application segment, the market is bifurcated anesthesia monitoring, disease diagnosis, sleep monitoring, trauma and surgery and others. The disease diagnosis category accounted for the largest market share in 2018, according to the report, and is projected to experience the fastest growth rate due to an increase in the prevalence of neurological disorders such as autism, Alzheimer's disease, and others around the globe. Increasing the use of EEGs in neonatal intensive care units (NICUs) is also a major reason for this segment's development.  Based on the End user segment, the market is bifurcated into Hospitals, Diagnostics and ASCs and Others. 

The geographical segmentation comprises the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant share of the market size of electroencephalographic equipment in 2018, and this trend is expected to continue due to a higher number of R&D operations, the presence of trained technicians and the wide availability of technologically advanced EEG equipment. In addition, the rise in the prevalence of different neurological disorders is another factor improving the region's EEG market. On the other hand, it is projected that Asia-Pacific will show the fastest growth in the forecast period due to increased healthcare spending, and the prevalence of various neurological disorders such as epilepsy and others will increase.

Key players within global Electroencephalography Equipment market include Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., Cephalon A/S, Compumedics Limited, Fresenius SE & Co. KGaA, General Electric Company (GE Healthcare), Koninklijke Philips N.V. (Philips Healthcare), Medtronic plc., Natus Medical Incorporated, and Nihon Kohden Corporation amongst others.

The report segments global Electroencephalography Equipment market as follows:

Global Electroencephalography Equipment Market: Product Segment Analysis

  • EEG Equipment
  • EEG Accessories
  • Integrated EEG Systems
  • Portable EEG Systems

Global Electroencephalography Equipment Market: Application Segment Analysis

  • Anesthesia Monitoring
  • Disease Diagnosis
  • Sleep Monitoring
  • Trauma and Surgery
  • Others

Global Electroencephalography Equipment Market: End user Segment Analysis

  • Hospitals
  • Diagnostics and ASCs
  • Others

 Global Electroencephalography Equipment Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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