The Latin America, Middle East and Africa Electroencephalography Devices Market would witness market growth of 12.3% CAGR during the forecast period (2022-2028).
As people are becoming busier in their daily lives, they take less care of their well-being. Additionally, the increased burden of work, stress caused by work, and the abnormally fast pace of lives, rather aid in the progression of degenerative mental disorders. These factors along with the increasing use of social media platforms, which significantly reduces the attention span, contribute to the increased number of brain and mental disorders.
Consequently, the diagnosis and treatment of these disorders have propagated the use of electroencephalography devices. The rising prevalence of brain and neurological disorders and the simultaneously growing awareness about them, contribute to the expansion of the usage of EEG devices. The proliferation of cognitive health research outcomes among the masses has influenced many to go through routine diagnoses to maintain their overall health.
This has resulted in an increase in demand for EEG devices from diagnostic centers. As a result, most companies are offering a wide range of products with the development of new products and improvement of existing products to cater to the demand for better devices. The increasing R&D investments by the major manufacturers to offer advanced brain activity monitoring devices are also contributing to the growth of the market.
In Latin America, the problem of rising dementia numbers is posing a challenge and was also pointed out at the World Congress of Neurology. In this congress, a group of subject experts from different nations discussed the challenges and barriers regarding the clinical research practice of neurological disorders. The discussion highlighted the importance of early diagnosis, treatment approaches, health and social support for patients with neurological disorders, and the possibility of collaboration with various private organizations.
The Brazil market dominated the LAMEA Electroencephalography Devices Market by Country in 2021; thereby, achieving a market value of $29.2 million by 2028. The Argentina market is showcasing a CAGR of 12.9% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 12% during (2022 - 2028).
Based on Type, the market is segmented into Standalone and Portable. Based on End User, the market is segmented into Hospitals, Diagnostic Centers and Others. Based on Product, the market is segmented into 32-channel, 25-channel, 40-channel, 21-channel, 8-channel and Multichannel. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Electroencephalography Devices Market is Predict to reach $1.8 Billion by 2028, at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Compumedics Limited, Natus Medical Incorporated (Archimed SAS), Nihon Kohden Corporation, Cadwell Industries, Inc., Neurowave Systems, Inc., Magstim EGI (Magstim, Inc.) and Noraxon U.S.A., Inc.
By Type
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