Electroencephalography Devices Market - Trends, Size & Outlook (2024-2032)

Electroencephalography Devices Market Synopsis:

Electroencephalography Devices Market Size Was Valued at USD 1.21 Billion in 2023, and is Projected to Reach USD 2.93 Billion by 2032, Growing at a CAGR of 10.36% From 2024-2032.

The Electroencephalography (EEG) devices market is associated with readers and equipments used in order to register brain activity. EEG devices are used in evaluating and determining patients with such diseases as epilepsy, sleep disorders, as well as head injuries and other diseases. They function based on capturing electrical signals produced by the brain, which gives the healthcare givers important information concerning brain health and operations. The market has portable wearable EEG Systems in components and encompasses simple portable user-friendly EEG system to clinic and high end highly clinical grade EEG systems used in hospitals.

The market consisting of EEG devices has shown continuous growth as a result of the increased incidence of neurological diseases, growing concern for mental disorders, and the development of healthcare services. Brain health is a rapidly emerging area of interest in medicine and therefore, EEG devices are assuming significant roles in diagnosis and investigations. In diseases like epilepsy, Alzheimer, Parkinson, and other brain-related disorders coupled with head injury, require confined and effective brain monitoring procedures which are likely to push the market at a high pace. EEG devices portable that allow patients to use it at home have also increased market access and patients’ improvement.

Modern EEG devices also have extended uses not limited to the medical field; they have breached into research fields of Neuroscience, Cognitive sciences and even consumer electronics health products. For instance, EEG headsets are today used in mental wellness and sleep tracking, and in applications of BCI for improving the UX and well being. Integration of EEG with AI and ML has enabled a broader spectrum of diagnostics to be produced and created the need for more innovative and efficient EEG equipment. This trend is expected to drive the EEG devices market as advancement increases and deployment expands.

Rising Demand for Wearable EEG Technology

• Thus, the market of EEG devices is to a significant extent influenced by the growth of wearable EEG devices’ trend. These wearable devices are therefore easy to wear, can be worn for long periods of time and are unobtrusive for use in normal life outside the clinic and hospital. This capability is specifically useful for patients with neurological disorders including epilepsy or sleep disorders because it allows for more accurate data capture in real life settings. As the EEG is worn during the practical experiences of participants’ daily life, it offers higher diagnostic accuracy and increases the sphere of its application, including different departments of healthcare.
• Apart from health care, wearable EEG became more and more common in consumer electronics markets with applications in wellness or enhancing cognitive performances. It is therefore used to track meditating, focusing and training activities indicating that the market of tracking brain health and performances is on the rise. They are also used in research, in areas of cognitive science and neuroscience as the design of these devices is non invasive and very user friendly. Such expansions point to the need for affordable and versatile EEG devices that are indistinguishable from application-specific, high-quality gear, to revolutionize the field of brain and cognitive health tracking.

Growing Opportunities in Neurorehabilitation

• The global EEG devices have significant growth potential in the neuro-rehabilitation segment especially since Neuroscience and Brain injuries affect a huge population of people. Although nearly two decades old, the modality is showing great promise and versatility in rehabilitation applications, including the ability to observe ongoing cerebral activity during therapy and therapy-specific modifications in real time. This feedback also enables clinicians to establish clear relationships of patient response to therapy … enhancing clinicians’ abilities to generate more effective treatment plans that address associated recoveries. Therefore, EEG devices are gradually being adopted in neurorehabilitation centers, covering different neurological disorders, including brain trauma and cognitive deficits after a stroke.
• One of the novel EEG therapies, neurofeedback, has been identified as an applicable intervention in neurorehabilitation because of its potential to enhance cognition and posttreatment outcome in affected patients. Since patients receive the information regarding their brain response and record it in real time, neurofeedback helps the structure of the brain change for the better, especially after a traumatic or neurological event. The rising number of rehabilitations centers across the world and enhanced research spending on neurotherapy further supports the sector’s growth, and this is where EEG devices find themselves likely to grow massively. The increasing use of these technologies in neurorehabilitation is expected to exert increasing pressure for change and increased sophistication of treatment throughout the field.

Electroencephalography Devices Market Segment Analysis:

Electroencephalography Devices Market is Segmented on the basis of Product Type, Application, End User, and Region

By Product Type, Portable EEG Devices segment is expected to dominate the market during the forecast period

• The EEG devices market can be divided into portable and standalone EEG devices depending on the purpose in clinical as well as non-clinical purpose. Wireless EEG is known to be small, light weighted and movable, in this regard, it can be used at home, in real world investigations, and as a diagnostic tool at the Point of care. The use of these devices is particularly frequent for monitoring the brain activity of patients with epilepsy or other sleep disorders, which enables collection of data in everyday, non-hospital situations. Portability in EEG devices has also enabled them to be flexible to be marketed for consumer health where they are used in meditating, training the brain and booster concentration.
• table based standalone EEG devices, on the other hand, are relatively more complex and designed for use in intensive care units in hospital and in research laboratories. These devices are fixed and sophisticated; they even possess a good software engineering system that offers comprehensive neurophysiological data desirable when diagnosing neurological disorders such as dementia, brain injuries and the like. Standalone EEG devices provide high data quality and a broad range of functions, which is especially valuable for applications that require continuous data gathering and calls for minimal wearing comfort.

By Application, Video EEG segment expected to held the largest share

• Finally, there is the segment we are most interested in; based on the application of the device, the EEG devices market can be categorized as routine EEG, sleep EEG, ambulatory EEG, video EEG, and other special tests. It is used in normal clinical practice for diagnosing and even follow up of many neurological illnesses like epilepsy and head injuries among others. Used as a diagnostic tool to determine the brain activity and is mandatory as the first and successive examination of the neurological patients. Other important application includes Sleep EEG that focuses on tracing different cycles of sleep connected with brain waves. This type is especially helpful in sleep disorder clinics because it can help determine whether or not a patient has insomnia, sleep apnea, or narcolepsy and how neurological and sleep disorders relate to one another.
• This type of EEG can be performed both in a hospital and out of it, and is perfect for long-term observations due to its ability to record brain activity in a mobile manner. This application is particularly useful in patients with intermittent seizures or other neurological episodes, as the recording brain activity on the device mimics real-life conditions for an extended time. Video-EEG involves both, the EEG analysis together with video clips, which may be helpful when observing the motor signs and discharges in epilepsy or other movement disorders. This product-market segmentation within the market demonstrates support for a variety of diagnostic and monitoring requirements and is reflective across numerous utilizations within clinical and research applications.

Electroencephalography Devices Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• In 2023, North American account for the largest EEG devices market share mainly due to the United States that dominate the share of more than 40%. Such domination may be explained by an increased rate of neurological diseases, the availability of highly developed medical care, and sufficient funding for research on neurotechnology. Besides, the U.S. is an EEG device market and the global neurotechnology market leader, especially in neurorehabilitation and BCI. This, complemented by the fact that more and more clinics and research facilities in North America are adopting EEG technologies, and continuing to foster favourable regulatory conditions, makes the region a powerful one in the global EEG devices market.

Active Key Players in the Electroencephalography Devices Market:

• Advanced Brain Monitoring (United States)
• BrainScope Company, Inc. (United States)
• Cadwell Industries, Inc. (United States)
• Compumedics Limited (Australia)
• Elekta AB (Sweden)
• EMOTIV Inc. (United States)
• g.tec medical engineering GmbH (Austria)
• Lifelines Neuro (United States)
• Masimo Corporation (United States)
• Medtronic Plc (Ireland)
• Micromed S.p.A (Italy)
• Mitsar Co., Ltd. (Russia)
• Natus Medical Incorporated (United States)
• Neuroelectrics (Spain)
• Nihon Kohden Corporation (Japan)
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Electroencephalography Devices Market by Product Type
 4.1 Electroence phalography Devices Market Snapshot and Growth Engine
 4.2 Electroence phalography Devices Market Overview
 4.3 Portable EEG Devices
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Portable EEG Devices: Geographic Segmentation Analysis
 4.4 Standalone EEG Devices
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Standalone EEG Devices: Geographic Segmentation Analysis

Chapter 5: Electroencephalography Devices Market by Application
 5.1 Electroence phalography Devices Market Snapshot and Growth Engine
 5.2 Electroence phalography Devices Market Overview
 5.3 Routine EEG
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Routine EEG: Geographic Segmentation Analysis
 5.4 Sleep EEG
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Sleep EEG: Geographic Segmentation Analysis
 5.5 Ambulatory EEG
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Ambulatory EEG: Geographic Segmentation Analysis
 5.6 Video EEG
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Video EEG: Geographic Segmentation Analysis
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Geographic Segmentation Analysis

Chapter 6: Electroencephalography Devices Market by End User
 6.1 Electroence phalography Devices Market Snapshot and Growth Engine
 6.2 Electroence phalography Devices Market Overview
 6.3 Hospitals & Clinics
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Hospitals & Clinics: Geographic Segmentation Analysis
 6.4 Diagnostic Centres
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Diagnostic Centres: Geographic Segmentation Analysis
 6.5 Research Laboratories
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Research Laboratories: Geographic Segmentation Analysis
 6.6 Homecare Settings
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Homecare Settings: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Electroence phalography Devices Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 ADVANCED BRAIN MONITORING (UNITED STATES)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 BRAINSCOPE COMPANY INC. (UNITED STATES)
 7.4 CADWELL INDUSTRIES INC. (UNITED STATES)
 7.5 COMPUMEDICS LIMITED (AUSTRALIA)
 7.6 ELEKTA AB (SWEDEN)
 7.7 EMOTIV INC. (UNITED STATES)
 7.8 GATES MEDICAL ENGINEERING GMBH (AUSTRIA)
 7.9 LIFELINES NEURO (UNITED STATES)
 7.10 MASIMO CORPORATION (UNITED STATES)
 7.11 MEDTRONIC PLC (IRELAND)
 7.12 MICROMED S.P.A (ITALY)
 7.13 MITSAR CO. LTD. (RUSSIA)
 7.14 NATUS MEDICAL INCORPORATED (UNITED STATES)
 7.15 NEUROELECTRICS (SPAIN)
 7.16 OTHER ACTIVE PLAYERS

Chapter 8: Global Electroencephalography Devices Market By Region
 8.1 Overview
 8.2. North America Electroence phalography Devices Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Product Type
  8.2.4.1 Portable EEG Devices
  8.2.4.2 Standalone EEG Devices
  8.2.5 Historic and Forecasted Market Size By Application
  8.2.5.1 Routine EEG
  8.2.5.2 Sleep EEG
  8.2.5.3 Ambulatory EEG
  8.2.5.4 Video EEG
  8.2.5.5 Others
  8.2.6 Historic and Forecasted Market Size By End User
  8.2.6.1 Hospitals & Clinics
  8.2.6.2 Diagnostic Centres
  8.2.6.3 Research Laboratories
  8.2.6.4 Homecare Settings
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Electroencephalography Devices Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Product Type
  8.3.4.1 Portable EEG Devices
  8.3.4.2 Standalone EEG Devices
  8.3.5 Historic and Forecasted Market Size By Application
  8.3.5.1 Routine EEG
  8.3.5.2 Sleep EEG
  8.3.5.3 Ambulatory EEG
  8.3.5.4 Video EEG
  8.3.5.5 Others
  8.3.6 Historic and Forecasted Market Size By End User
  8.3.6.1 Hospitals & Clinics
  8.3.6.2 Diagnostic Centres
  8.3.6.3 Research Laboratories
  8.3.6.4 Homecare Settings
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
 8.4. Western Europe Electroencephalography Devices Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Product Type
  8.4.4.1 Portable EEG Devices
  8.4.4.2 Standalone EEG Devices
  8.4.5 Historic and Forecasted Market Size By Application
  8.4.5.1 Routine EEG
  8.4.5.2 Sleep EEG
  8.4.5.3 Ambulatory EEG
  8.4.5.4 Video EEG
  8.4.5.5 Others
  8.4.6 Historic and Forecasted Market Size By End User
  8.4.6.1 Hospitals & Clinics
  8.4.6.2 Diagnostic Centres
  8.4.6.3 Research Laboratories
  8.4.6.4 Homecare Settings
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
 8.5. Asia Pacific Electroencephalography Devices Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Product Type
  8.5.4.1 Portable EEG Devices
  8.5.4.2 Standalone EEG Devices
  8.5.5 Historic and Forecasted Market Size By Application
  8.5.5.1 Routine EEG
  8.5.5.2 Sleep EEG
  8.5.5.3 Ambulatory EEG
  8.5.5.4 Video EEG
  8.5.5.5 Others
  8.5.6 Historic and Forecasted Market Size By End User
  8.5.6.1 Hospitals & Clinics
  8.5.6.2 Diagnostic Centres
  8.5.6.3 Research Laboratories
  8.5.6.4 Homecare Settings
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Electroencephalography Devices Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Product Type
  8.6.4.1 Portable EEG Devices
  8.6.4.2 Standalone EEG Devices
  8.6.5 Historic and Forecasted Market Size By Application
  8.6.5.1 Routine EEG
  8.6.5.2 Sleep EEG
  8.6.5.3 Ambulatory EEG
  8.6.5.4 Video EEG
  8.6.5.5 Others
  8.6.6 Historic and Forecasted Market Size By End User
  8.6.6.1 Hospitals & Clinics
  8.6.6.2 Diagnostic Centres
  8.6.6.3 Research Laboratories
  8.6.6.4 Homecare Settings
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Electroencephalography Devices Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Product Type
  8.7.4.1 Portable EEG Devices
  8.7.4.2 Standalone EEG Devices
  8.7.5 Historic and Forecasted Market Size By Application
  8.7.5.1 Routine EEG
  8.7.5.2 Sleep EEG
  8.7.5.3 Ambulatory EEG
  8.7.5.4 Video EEG
  8.7.5.5 Others
  8.7.6 Historic and Forecasted Market Size By End User
  8.7.6.1 Hospitals & Clinics
  8.7.6.2 Diagnostic Centres
  8.7.6.3 Research Laboratories
  8.7.6.4 Homecare Settings
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research