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Global Electroencephalography Equipment Market Share Is Expected to Grow At A CAGR Value Of Around 4.1% By 2028

15-Jun-2022 | Facts and Factors

According to Facts and Factors, the global electroencephalography equipment market was valued at USD 1528.5 million in 2021 and is predicted to increase at a CAGR of 4.1% to USD 1945.2 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries

Electroencephalography equipment is the only medical equipment capable of monitoring and reading brain activity and giving a notable insight into the neurological health of an individual. Increasing investments in research and development to develop novel brain monitoring and reading equipment are expected to drive the demand for electroencephalography equipment in the coming years. The rising incidence of neurological disorders such as Parkinson’s, dementia, Alzheimer’s, and brain injuries will further propel the demand for electroencephalography equipment in the long run.

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Browse the full “Electroencephalography Equipment Market By Product (EEG Equipment, Integrated EEG Systems, Portable EEG Systems, EEG Accessories), By Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma and Surgery, Others), By End-User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Laboratories, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/electroencephalography-equipment-market

The increasing prevalence of Alzheimer’s is expected to be the major factor driving Electroencephalography equipment market growth. Apart from this increasing awareness regarding Alzheimer’s and rising research and development for the treatment of neurological diseases are expected to influence the electroencephalography equipment market potential over the coming years. However, the high costs of electroencephalography equipment are expected to slow down their adoption and hamper the global growth potential in the long run.

Segmental Overview

In terms of end-user, the Electroencephalography equipment market is further segmented into Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Laboratories, and Others. The hospital segment is projected to hold a major market share over the forecast period owing to rising hospitalization in cases of brain disorders and diseases. Notable growth in demand for EEG in the diagnostic laboratories segment is expected to be seen in the coming years through 2028.

The EEG equipment segment is anticipated to see high demand over the coming years as demand for brain monitoring and diagnosis increases due to the rising prevalence of neurological disorders on a global scale. Alzheimer’s and Parkinson’s are expected to be the major neurological diseases utilizing EEG equipment for treatment and diagnosis.

Regional Overview

The North American region leads the global electroencephalography equipment market in terms of revenue and volume share and is projected to follow the same trend over the forecast period. The presence of key pharmaceutical and healthcare companies, rising research and development activity in the region, and increasing investments in the development of treatment for Alzheimer’s and other neurological disorders are some of the major factors that drive the Electroencephalography Equipment market potential in this region. The increasing aging population in North America is also expected to boost the incidence of Alzheimer’s and this is expected to propel the demand for Electroencephalography equipment over the forecast period. The United States is anticipated to be the most notable market in this region through 2028.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 1528.5 Million

Projected Market Size in 2028

USD 1945.2 Million

CAGR Growth Rate

4.1% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., Cephalon A/S, Compumedics Limited, Fresenius SE & Co. KGaA, Koninklijke Philips N.V. (Philips Healthcare), Medtronic plc., Natus Medical Incorporated, Neurostyle Pte Ltd., Nihon Kohden Corporation, and Others

Key Segment

By Product, Application, End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Competitive Landscape

The report contains qualitative and quantitative research on the global electroencephalography equipment market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Some of the major companies operating in the global electroencephalography equipment market are Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., Cephalon A/S, Compumedics Limited, Fresenius SE & Co. KGaA, Koninklijke Philips N.V. (Philips Healthcare), Medtronic plc., Natus Medical Incorporated, Neurostyl, Pte Ltd., Nihon Kohden Corporation.

The Global Electroencephalography Equipment is segmented as follows:

By Product

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

By Application

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

By End-User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Research Laboratories
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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