Electroencephalography EEG Systems Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 3.6 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
Despite the rapid growth of the EEG market from 2018 to 2022, the demand for EEG systems is projected to rise even further from 2023 to 2033. This surge is anticipated due to an aging population, the growing prevalence of neurological disorders, and increased investments in healthcare research and development. As more countries invest in healthcare infrastructure, particularly in developing regions, EEG devices are expected to be in greater demand. Moreover, the expansion of the telemedicine sector, coupled with advancements in AI-based data analysis, offers new opportunities for EEG system manufacturers to cater to a broader range of patients. With improved accessibility, affordability, and patient-centric designs, the EEG market will likely become more ubiquitous, even in remote areas.
In particular, the shift towards non-invasive brain-computer interfaces (BCI) is expected to propel the EEG market in the coming years. The demand for EEG systems in research applications, especially in neuroscience and psychology, will also play a key role in driving market growth. A growing interest in mental health and cognitive disorders, such as Alzheimer's disease and Parkinson's disease, will further boost the demand for EEG technology. The transition towards personalized medicine, where treatment plans are tailored to the individual’s brain activity, will likely result in the development of more advanced EEG devices to meet these needs. Furthermore, government initiatives and collaborations among key stakeholders are expected to further stimulate market expansion, creating a promising outlook for EEG systems through the next decade.
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The Electroencephalography (EEG) Systems Market has seen significant growth between 2018 and 2022, driven by technological advancements, growing healthcare needs, and increasing awareness about brain health. During this period, EEG systems, used for diagnosing neurological disorders, such as epilepsy and sleep disorders, gained traction in clinical settings. Innovations in portable and wireless EEG devices, along with the integration of artificial intelligence, expanded the market potential. Notably, advancements in signal processing and the miniaturization of EEG devices led to more efficient and accessible solutions, making EEG systems more attractive to healthcare providers and patients alike. The increased adoption of home-based EEG devices during this period also contributed to market growth.
Natus Medical
Inc
Electrical Geodesics
Inc
Medtronic
NeuroWave Systems
Inc
Compumedics Ltd.
Noraxon U.S.A.
Inc
Cadwell Laboratories
Inc
Nihon Kohden America
Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electroencephalography EEG Systems Market
Hospitals
Diagnostic Centers
Others
Based on Types the Market is categorized into Below types that held the largest Electroencephalography EEG Systems market share In 2023.
8-channel EEG
21-channel EEG
25 channel EEG
32-channel EEG
40-channel EEG
Multi-channel EEG
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electroencephalography EEG Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electroencephalography EEG Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electroencephalography EEG Systems Market, By Type
6. Global Electroencephalography EEG Systems Market, By Application
7. Global Electroencephalography EEG Systems Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electroencephalography EEG Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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