Global
Electroencephalography Devices Market, By Product Type (MRI, CT, PET, EEG,
EMG, MEG, TCD, ICP, Electrodes, Sensors, Gels, Cables), By Application
(Diagnostics, Therapeutics), By Procedure (Invasive, Non-Invasive), By Disease
(TBI, Stroke, Dementia, Epilepsy), By End-Users (Hospitals, Clinics, Diagnostic
Centers), By Geography (North America, Europe, Asia-Pacific, Europe, South
America, Middle East and Africa) – Industry Trends and Forecast to 2024
The
Electroencephalography devices market accounted to USD 8 billion in 2016
growing at a CAGR of 6.5% during the forecast period of 2017 to 2024. The
upcoming market report contains data for historic years 2015, the base year of
calculation is 2016 and the forecast period is 2017 to 2024.
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Electroencephalography
devices are used to record electrical action produced by the human brain or
neurological disorders in a person. EEG device comprises the usage of
electrodes to track electrical signals in the person’s brain, and to check for
abnormalities in acquired brain signals.
Major
market drivers and restraints:
·
Growing incidence of
neurological disorders
·
Demand for EEG devices in
hospitals and diagnostics centers
·
Increasing investment in
R&D and new product development
·
Growing geriatric population
·
Technological advancement
·
Unfavorable Reimbursement Policies
·
Shortage of trained
professionals
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Electroencephalography Devices Market Segmentation:
By product type
the electroencephalography devices market is segmented into MRI, CT, PET, EEG,
EMG, MEG, TCD, ICP, Electrodes, Sensors, Gels, and Cables.
On the basis of
application the market is segmented into diagnostics and therapeutics segments.
By procedure the segmentation of the market is invasive, non-invasive. Based on
disease, the Electroencephalography market is segmented into TBI, stroke,
dementia, epilepsy. On the basis of end-users the electroencephalography
devices market is segmented into hospitals, diagnostic centers and academics.
On the basis of
geography, electroencephalography
devices market report covers data points for 28 countries across multiple
geographies such as North America & South America, Europe, Asia-Pacific,
and Middle East & Africa. Some of the major countries covered in this
report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland,
Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi
Arabia, South Africa, andBrazil among others. In 2017, North America is
expected to dominate the market.
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Electroencephalography
Devices Market Competitive Analysis:
The Electroencephalography devices market
is highly fragmented and is based on new product launches and clinical results
of products. Hence the major players have used various strategies such as new
product launches, clinical trials, market initiatives, high expense on research
and development, agreements, joint ventures, partnerships, acquisitions, and
others to increase their footprints in this market. The report includes market
shares of Electroencephalography devices market for global, Europe, North
America, Asia Pacific and South America.
Some of the major players operating in
electroencephalography devices market are Natus Medical, Inc.; Electrical
Geodesics, Inc.; Medtronic; NeuroWave Systems, Inc.; Compumedics Ltd.; Noraxon
U.S.A., Inc.; Cadwell Laboratories, Inc., and Nihon Kohden America, Inc. among
others.
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