We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us

Download Mobile App




Global EEG Devices Market to Reach USD 2.20 Billion in 2027

By HospiMedica International staff writers
Posted on 07 Jan 2020
Print article
Illustration
Illustration
The global EEG (Electroencephalography) devices market was valued at USD 1.12 billion in 2018 and is projected to grow at a CAGR of 7.8 % over the forecast period 2019-2027 to reach USD 2.20 billion in 2027, driven mainly by the increasing prevalence of sleep disorders.

These are the latest findings of Coherent Market Insights (Seattle, WA, USA), a global market intelligence and consulting organization.

Additionally, several benefits offered by EEG such as measurement during mute epochs, semantic integration, selective attention, and semantic integration, are expected to further propel the market growth during the forecast period. Moreover, increasing awareness programs related to aging and neurodegenerative diseases is also expected to boost the growth of the global EEG devices market. However, some EEG drawbacks, such as the presence of deep or small lesions which can lead to abnormalities in EEG outcomes, false localization of epileptogenic zone, influence by hypoglycemia and alertness and limited time sampling are expected to hamper market growth.

Based on end-user, the Diagnostic Centers segment dominated the global EEG devices market in 2018 with a share of 60.9% in terms of value, followed by the Hospitals segment. The increasing patient population and growing demand for minimally invasive procedures are expected to be the key growth drivers of the Diagnostic Centers segment within the EEG devices market.

Based on modality, the Standalone (Fixed Devices) segment dominated the global EEG devices market in 2018 with a share of 47.1% in terms of value, followed by the Portable Devices segment. The increasing number of product approvals is expected to act as a major growth driver for the Standalone (Fixed Devices) segment within the EEG devices market during the forecast period.

Increasing R&D in neuroscience is expected to offer lucrative growth opportunities for the players in the global EEG devices market. The key market players are focusing on continuously launching new EEG monitoring devices and winning contracts to enhance their market share. They are also focusing on raising funds for product development and expanding their product portfolio.

Related Links:
Coherent Market Insights

Gold Member
Solid State Kv/Dose Multi-Sensor
AGMS-DM+
Gold Member
SARS‑CoV‑2/Flu A/Flu B/RSV Sample-To-Answer Test
SARS‑CoV‑2/Flu A/Flu B/RSV Cartridge (CE-IVD)
Silver Member
Compact 14-Day Uninterrupted Holter ECG
NR-314P
New
LED Examination Light
LUVIS-E100

Print article

Channels

Critical Care

view channel
Image: Researchers have developed a novel risk score for cardiovascular complications after bone marrow transplant (Photo courtesy of 123RF)

Novel Tool Predicts Cardiovascular Risks after Bone Marrow Transplantation

Every year, thousands of people undergo bone marrow transplants to potentially cure serious diseases like leukemia, lymphoma, and immune deficiency disorders. While these transplants can be lifesaving,... Read more

Surgical Techniques

view channel
Image: The Early Bird Bleed Monitoring System provides visual and audible indicators of the onset and progression of bleeding events (Photo courtesy of Saranas)

Novel Technology Monitors and Lowers Bleeding Complications in Patients Undergoing Heart Procedures

Bleeding complications at the femoral access site can significantly hamper recovery, affecting the success of procedures, patient satisfaction, and overall healthcare costs. It is crucial for surgeons... Read more

Patient Care

view channel
Image: The newly-launched solution can transform operating room scheduling and boost utilization rates (Photo courtesy of Fujitsu)

Surgical Capacity Optimization Solution Helps Hospitals Boost OR Utilization

An innovative solution has the capability to transform surgical capacity utilization by targeting the root cause of surgical block time inefficiencies. Fujitsu Limited’s (Tokyo, Japan) Surgical Capacity... Read more

Health IT

view channel
Image: First ever institution-specific model provides significant performance advantage over current population-derived models (Photo courtesy of Mount Sinai)

Machine Learning Model Improves Mortality Risk Prediction for Cardiac Surgery Patients

Machine learning algorithms have been deployed to create predictive models in various medical fields, with some demonstrating improved outcomes compared to their standard-of-care counterparts.... Read more

Point of Care

view channel
Image: The new eye-safe laser technology can diagnose traumatic brain injury (Photo courtesy of 123RF)

Novel Diagnostic Hand-Held Device Detects Known Biomarkers for Traumatic Brain Injury

The growing need for prompt and efficient diagnosis of traumatic brain injury (TBI), a major cause of mortality globally, has spurred the development of innovative diagnostic technologies.... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.