How Has the Electroencephalography Devices Market Evolved Historically and What is its Current Size?
The electroencephalography devices market has seen considerable growth due to a variety of factors.
• The electroencephalography devices market is on the rise. It will grow from $1.2 billion in 2024 to $1.31 billion in 2025, at a CAGR of 9.1%.
The growth can be attributed to early discoveries, development of portable and wireless devices, neurofeedback and biofeedback applications, and the emergence of consumer-grade EEG devices.
What Does Future Hold for The Electroencephalography Devices Market By 2029?
The electroencephalography devices market is expected to maintain its strong growth trajectory in upcoming years.
• The electroencephalography devices market is forecast to reach $1.83 billion by 2029, growing at a CAGR of 8.7%.
This growth is fueled by research and development, clinical acceptance, healthcare spending, aging population, and the use of consumer wearables. Major trends include AI integration, personalized healthcare, VR and AR use, longitudinal monitoring, and combining modalities.
What Are The Primary Growth Drivers In The Electroencephalography Devices Market?
The increasing prevalence of neurological disorders is expected to propel the growth of the electroencephalography (EEG) device market. Neurological disorders, such as epilepsy and brain injuries, are increasing due to aging populations, improved diagnosis, and lifestyle changes. EEG devices record brain activity, aiding the diagnosis of these conditions. In October 2023, the World Federation of Neurology reported that over 40% of the global population suffers from neurological disorders, a number expected to nearly double by 2050.
What Is The Segmentation Of The Global Electroencephalography Devices Market?
The electroencephalography devices market covered in this report is segmented –
1) By Type: Portable, Standalone, Wearable
2) By Product: 8-Channel Electroencephalography, 21-Channel Electroencephalography, 25-Channel Electroencephalography, 32-Channel Electroencephalography, 40-Channel Electroencephalography, Multi-Channel Electroencephalography
3) By Distribution Channel: Direct Tender, Retail Sales
4) By Application: Trauma And Surgery, Disease Diagnosis, Anesthesia Monitoring, Sleep Monitoring, Other Applications
5) By End-Use: Hospitals, Diagnostics Centers, Other End Users
Subsegments:
1) By Portable: Handheld EEG Devices For Home Or Point-Of-Care Use, Wireless Portable EEG Systems, Lightweight, Compact EEG Devices For Mobile Applications
2) By Standalone: Traditional EEG Systems Used In Hospitals Or Clinics, Desktop Or Wall-Mounted EEG Devices, High-Performance EEG Systems With Advanced Features For Diagnostics
3) By Wearable: EEG Headbands Or Caps For Continuous Monitoring, Smart EEG Devices Integrated With Wearable Technology (E.G., Smartwatches, Headsets), Non-Invasive EEG Devices For Real-Time Brain Activity Monitoring
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How Are New Trends Impacting The Size Of The Electroencephalography Devices Market?
Companies in the electroencephalography (EEG) devices market are developing wearable EEG systems to enhance accessibility and portability for clinical and research uses. For example, Soterix Medical launched the MxN-GO EEG system in May 2024. This lightweight, wire-free device supports brain activity recording in natural environments and features 32 recording and 33 stimulation channels, ensuring precision and user comfort.
Who Are the Key Players In The Electroencephalography Devices Market?
Major companies operating in the electroencephalography devices market are:
• General Electric Company
• Philips Healthcare
• Nihon Kohden Corporation
• Natus Medical Incorporated
• Cadwell Industries Inc
• NeuroPace Inc.
• EB Neuro S.p.A.
• Brain Products GmbH
• Lifelines Neuro Company LLC
• ANT Neuro BV
• BioSemi B.V
• Micromed Group
• Electrical Geodesics Inc.
• Thought Technology Ltd
• NeuroSky Inc.
• Compumedics Limited
• Neuroelectrics Corp
• Advanced Brain Monitoring
• Neurosoft Ltd
• Artinis Medical Systems
• Mitsar Co. Ltd
• Wearable Sensing LLC
• Emotiv Inc.
What Are The Regional Insights Into The Electroencephalography Devices Market?
North America was the largest region in the electroencephalography devices market in 2024. The regions covered in the electroencephalography devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
