Electroencephalography (EEG) is an electrophysiological monitoring method primarily designed to record the electrical activity of brain. The EEG systems are designed to measure the voltage and fluctuations that are resulted from the ionic current in the neurons of the brain. The EEG is a most often used for diagnosing epilepsy that causes the abnormalities in the readings. Further, it is also used for diagnosing the sleep disorders, anesthesia, coma, encephalopathies, and brain death concerns. The EEG used as a first-line method designed to diagnosis tumors, stroke and other focal brain disorders associated.
According to study, “Electroencephalography Equipment Market by Product (EEG equipment, and EEG Accessories), Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring Trauma & Surgery and Others), and End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Laboratories, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2026” the key companies operating in the global electroencephalography equipment market are Advanced Brain Monitoring, Inc., Cephalon A/S, Cadwell Industries, Inc., Compumedics Limited, General Electric Company (GE Healthcare), Fresenius SE & Co. KGaA, Koninklijke Philips N.V. (Philips Healthcare), Natus Medical Incorporated, Medtronic plc., and Nihon Kohden Corporation. The key players operating in the market have started focusing on adoptionof the expansion strategies for expanding their product portfolios.
Based on product, the electroencephalography equipment market is segmented into EEG accessories and EEG equipment. EEG equipment is further sub-segmented into portable EEG system and integrated EEG system. EEG accessories segment dominates the market owing to surge in various neurological disorders such as Alzheimer’s, epilepsy, and others.Based on portability, market is segmented into portable and standalone. Based on application, market is segmented into diseases diagnosis, anesthesia monitoring, sleep monitoring, trauma & surgery and others. Disease diagnosis segment holds highest market share due to rise in adoption of EEGs in neonatal intensive care units (NICUs). In addition, based on end user, market is segmented into hospitals, ambulatory surgical centers, diagnostic centers, research laboratories and others.
The electroencephalography equipment market is driven by surge in geriatric population worldwide, followed by rise in prevalence of neurological disorders, expansion of private hospitals &neuro clinics in rural areas and increase in research & development (R&D) activities in healthcare. However, presence of substitute products may impact the market. Moreover, growth potential in developing nation is a key opportunity for market.
Based on geography, the North-American region holds major share in electroencephalography equipment market owing to presence of skilled technicians, higher number of R&D activities, and wide availability of technologically advanced EEG equipment in the region. Whereas, the Asian-Pacific and European regions are estimated to exhibit substantial growth rate due to rise in healthcare expenditure and rapid development of medical devices industry over the forecast period. In upcoming years, it is predicted that future of the market will be optimistic as a result of presence of highly developed healthcare infrastructure coupled with strong distribution &sales network of leading vendors during the forecast period. The electroencephalography equipment market accounted for US $1,403 million in 2018, and is likely to reach US $1,999 million by 2026, registering a CAGR of 4.5% from 2019-2026.
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Global Electroencephalography Equipment Market
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