How Has the Wearable Electroencephalogram (EEG) Device Market Evolved Historically and What is its Current Size
The wearable electroencephalogram (eeg) device market has seen considerable growth due to a variety of factors.
• The market size for wearable electroencephalogram (EEG) devices has experienced a significant increase lately. The market, which is projected to rise from $1.32 billion in 2024 to $1.49 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.1%.
Factors contributing to the growth throughout the historic period include a heightened understanding of neurological disorders, surging demand for tailored healthcare solutions, increased use of neurofeedback treatments, growing applications in mental and cognitive health studies, and increased governmental funding.
What Will Be The Wearable Electroencephalogram (EEG) Device Market Size In The Future?
The wearable electroencephalogram (eeg) device market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the wearable electroencephalogram (EEG) devices is projected to witness robust growth over the next several years, reaching $2.41 billion in 2029 with a compound annual growth rate (CAGR) of 12.7%.
The surge during the projected period is due to a rising need for non-invasive tracking, a rising rate of mental health disorders, the expansion of remote patient supervision, increased disposable income, and the growing demand for portable brain monitoring solutions. Key trends during the forecast period include the incorporation of artificial intelligence for improved data analysis, the application of EEG technology in addressing mental health challenges and cognitive training, the production of smaller and more convenient devices, advances in real-time brain activity tracking, and the strengthening of data privacy and security features.
What Factors Are Driving Growth In The Wearable Electroencephalogram (EEG) Device Market?
The wearable electroencephalogram (EEG) device market is projected to expand due to surging awareness about mental health. Several elements - including intensive media attention, education programs, advocacy from mental health institutions, and an increasing understanding of mental health's effect on overall wellness - stimulate the heightened consciousness of mental health. Wearable EEG devices facilitate the supervision and management of mental health disorders by supplying personalized treatment data and backing therapies like biofeedback and neurofeedback. A notable observation surfaced in a white paper published by FAIR Health Inc., a health organization in the U.S., in April 2024. The paper stated that there was a growth in the proportion of patients with mental health diagnoses in the U.S., moving from 17.9% in 2022 to 18.9% in 2023. Therefore, the rising awareness of mental health fuels the growth of the wearable electroencephalogram (EEG) device market.
What are the Market Segments in the Wearable Electroencephalogram (EEG) Device Market?
The wearable electroencephalogram (EEG) device market covered in this report is segmented –
1) By Type: Battery, Charge
2) By Channel Type: 5-Channel Type, 14-Channel Type, 32-Channel Type, Other Channel Types
3) By Application: Hospitals And Clinics, Neurology Centers, Research And Academics, Other Applications
Subsegments:
1) Battery: Rechargeable Battery EEG Devices, Non-Rechargeable Battery EEG Devices, Lithium-Ion Battery EEG Devices
2) Charge: Wired Charging EEG Devices, Wireless Charging EEG Devices, Quick Charge EEG Devices
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What Trends are Shaping the Wearable Electroencephalogram (EEG) Device Market?
Leading organizations within the wearable electroencephalogram (EEG) device sector are concentrating on the integration of monitoring features, like acoustic stimulation, which provides non-invasive treatment methods for brain monitoring. Acoustic stimulation via headphones leverages sound waves or vibrations to boost the therapeutic impact alongside electrical stimulation, resulting in enhanced neurological or psychological results. For example, Elemind Technologies, Inc., a neurotechnology firm based in the United States, introduced a sleep headband in June 2024. This product gives live brainwave monitoring to improve sleep quality, enabling users to fall asleep up to 74% quicker. It applies AI-based algorithms to grant personalized acoustic stimulation, transitioning brainwaves from being awake to sleep. The device is synced with a smartphone application, granting in-depth information on sleep duration, efficiency, and phases. The system gradually adapts to each user's sleep habits, consistently augmenting its efficacy.
Who Are the Key Players in the Wearable Electroencephalogram (EEG) Device Market?
Major companies operating in the wearable electroencephalogram (EEG) device market are include:
•Brain Products GmbH
• EMOTIV Inc.
• BrainCo Inc.
• BioSemi B.V.
• NeuroSky Inc.
• Beacon Biosignals Inc.
• Neurable Inc.
• Advanced Brain Monitoring Inc.
• Elemind Technologies Inc.
• Muse
• OpenBCI Inc.
• Brainbit Inc.
• Wearable Sensing
• MyndPlay Ltd.
• Epitel Inc.
• Mentalab
• Cogwear LLC
• AAVAA Inc.
• NEEURO PTE LTD.
• Nexstem India Private Limited
• Pankhtech India Private Limited
What are the Regional Insights into the Wearable Electroencephalogram (EEG) Device Market?
North America was the largest region in the wearable electroencephalogram (EEG) device market in 2024. The regions covered in the wearable electroencephalogram (EEG) device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
