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Electroencephalography Equipment Market Size, Share Global Analysis Report, 2022 – 2028
Electroencephalography Equipment Market By Product (EEG Equipment, Integrated EEG Systems, Portable EEG Systems, EEG Accessories), By Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma and Surgery, Others), By End-User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Laboratories, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028
Industry Insights
[227+ Pages Report] According to Facts and Factors, the global electroencephalography equipment market was valued at USD 1528.5 million in 2021 and is predicted to increase at a CAGR of 4.1% to USD 1945.2 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries
Market Overview
Electroencephalography equipment is the only equipment capable of reading and diagnosing brain activity and this helps in determining the neurological health of an individual and helps in the identification and treatment of multiple neurological disorders that are prevalent on a global scale. Rising incidence of neurological disorders such as Alzheimer’s and Parkinson’s are expected to boost the electroencephalography equipment market potential over the forecast period.
The rising use of Electroencephalography equipment in the treatment and diagnosis of neurological diseases is expected to prominently drive demand over the coming years. Electroencephalography equipment manufacturers are focusing on launching new devices with advanced capabilities to boost revenue generation. However, the high costs of electroencephalography equipment are expected to have a hindering effect on the global electroencephalography equipment market growth through 2028.
Impact of COVID - 19
The COVID-19 pandemic created a major negative trend for the electroencephalography equipment market and completely obliterated the market gains that it had made in the past years in terms of research and sales as well. Lockdown restrictions and highly unexpected economic situations enveloped the world in the pandemic and led to multiple changes in the healthcare industry as the world was focused on dealing with coronavirus infections and led to a slowdown in the demand for electroencephalography equipment.
Lack of availability of treatment and consultation during the lockdown period of the pandemic era led to a negative impact on the electroencephalography equipment market and led to a drop in sales of electroencephalography equipment. The negative trend of the market is expected to diminish as the restrictions are lifted and multiple electroencephalography equipment manufacturers can start production and distribution of their products owing to an increased focus on healthcare and diagnosis.
The complete research study looks at both the qualitative and quantitative aspects of the electroencephalography equipment market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America was thoroughly investigated.
Segmentation Analysis
The global electroencephalography equipment market is segregated based on product, applications, end-user, and region.
In terms of types, the EEG equipment segment is projected to account for a major market share in the global electroencephalography equipment marketplace over the forecast period. Increasing use of EEG equipment to track brain activity and monitor it on a continual basis is anticipated to drive growth in this segment over the forecast period.
The hospital segment is projected to have a dominant outlook over the forecast period in the global electroencephalography equipment industry landscape. Increasing hospitalization of patients with brain injuries and long neurological treatment procedures are major factors that will drive the electroencephalography equipment market potential in this segment over the coming years.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 1528.5 Million |
Projected Market Size in 2028 |
USD 1945.2 Million |
CAGR Growth Rate |
4.1% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., Cephalon A/S, Compumedics Limited, Fresenius SE & Co. KGaA, Koninklijke Philips N.V. (Philips Healthcare), Medtronic plc., Natus Medical Incorporated, Neurostyle Pte Ltd., Nihon Kohden Corporation, and Others |
Key Segment |
By Product, Application, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Landscape
The market for electroencephalography equipment in North America is anticipated to be the most lucrative region in the global landscape owing to the presence of developed healthcare infrastructure and high technological proliferation are expected to be major trends propelling the electroencephalography equipment market growth in this region.
Increasing instances of neurological disorders like Alzheimer’s and Parkinson’s are expected to bolster the demand for electroencephalography equipment in this region through 2028. The presence of key electroencephalography equipment manufacturers will also benefit the market potential in this region in the coming years. The major markets in this region are expected to be the United States followed by Canada.
List of Key Players in the Global Electroencephalography Equipment Market:
- Advanced Brain Monitoring, Inc.
- Cadwell Industries, Inc.
- Cephalon A/S
- Compumedics Limited
- Fresenius SE & Co. KGaA
- Koninklijke Philips N.V. (Philips Healthcare)
- Medtronic plc.
- Natus Medical Incorporated
- Neurostyle Pte Ltd.
- Nihon Kohden Corporation
The Global Electroencephalography Equipment is segmented as follows:
By Product Segment Analysis
- EEG Equipment
- Integrated EEG Systems
- Portable EEG Systems
- EEG Accessories
By Application Segment Analysis
- Disease Diagnosis
- Sleep Monitoring
- Anesthesia Monitoring
- Trauma and Surgery
- Others
By End-User Segment Analysis
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- Research Laboratories
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Advanced Brain Monitoring Inc.
- Cadwell Industries Inc.
- Cephalon A/S
- Compumedics Limited
- Fresenius SE & Co. KGaA
- Koninklijke Philips N.V. (Philips Healthcare)
- Medtronic plc.
- Natus Medical Incorporated
- Neurostyle Pte Ltd.
- Nihon Kohden Corporation
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