Electroencephalography Equipment Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2027
Global Electroencephalography Equipment Market is valued at approximately USD 1.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2020-2027. Electroencephalography (EEG) devices have turned to be the most promising devices that are used to measure and monitor the electrical signals of the brain. The readings from an electroencephalography device are primarily used to diagnose various neurological disorders (e.g., Parkinson disease, epilepsy, and Alzheimer).
Also, these devices help to monitor sleep disorders and patients under anesthesia. The equipment generally functions through electrodes that are connected to the scalp of the patient to accumulate the reading of the brain wave. The recent technology developments in the field of electroencephalography equipment create a robust demand from neurologists and neurosurgeons to precisely diagnose the brain disorders, thereby soaring the demand for EEG equipment market over the forecast period.
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Furthermore, the rise in patient population with neurological disorder, along with the increased government funding on R&D of neurological treatment are the few factors responsible for the high CAGR of the market during the forecast period. According to the Alzheimer's association, nearly 5.8 million of Americans are affecting with Alzheimer's dementia in 2019 and this estimation will likely increase almost 14 million by 2050. As further, the survey of Alzheimer's Society found that roughly 850,000 people are suffering from Alzheimer disease in the United Kingdom and is likely to rise over 1.0 million by 2025. This, in turn, is expected to strengthen the market growth all over the world. However, the availability of substitute, coupled with lack of skilled neurologists and neurosurgeons are the few major factors inhibiting the market growth over the forecast period of 2020-2027.
The regional analysis of the global Electroencephalography Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in number of R&D activities concerning the neurological disease treatment, and the presence of a significant number of equipment manufacturers in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in prevalence of Parkinson and Alzheimer's disease along with the improving healthcare infrastructure in developing countries, such as China and India, would create lucrative growth prospects for the Electroencephalography Equipment market across the Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
To access a sample pages of this report titled “Global Electroencephalography Equipment Market Size study, 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) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below: https://www.marketstudyreport.com/reports/global-electroencephalography-equipment-market-size-research
Electroencephalography Equipment Market By Product:
- EEG Equipment
- Integrated EEG Systems
- Portable EEG Systems
- EEG Accessories
Electroencephalography Equipment Market By Application:
- Disease Diagnosis
- Sleep Monitoring
- Anaesthesia Monitoring
- Trauma and Surgery
Electroencephalography Equipment Market By End-User:
- Diagnostic Centers
- Ambulatory Surgical Centers
- Research Laboratories
Electroencephalography Equipment Market By Region:
- North America
Major market player included in this report are:
- 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
Global Medical Device Testing Market Size study, by Service Type, By Sourcing, by Device Class, by Technology and Regional Forecasts 2020-2027
Global Medical Device Testing Market is valued approximately at USD 8.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8 % over the forecast period 2020-2027. Medical devices are subject to stringent regulatory requirements, because it is important to ensure the effectiveness and health of medical equipment. It is also compulsory for each product to conform with national and international requirements before entering the market. In order to provide customers with consistency and secure service, a rigorous check is carried out before the products are put on the market. The test is conducted in two forms, the first in-house test, where all experiments are done under the umbrella of the producer and his staff.
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