According to a new report, published by KBV research, The Global Electroencephalography Devices Market size is expected to reach $1.8 billion by 2028, rising at a market growth of 9.5% CAGR during the forecast period.
The Portable market is poised to grow a CAGR of 12.5% during (2022 - 2028). The increasing demand for portable EEG devices for outdoor investigation and practice is propelling the growth of this segment. The portability of these EEG systems offers easy transportability and efficient deduction of signals. As a result, portable devices are extensively utilized in paramedic and ambulatory services where primary care includes the interpretation of the brain’s electrical activity and cognitive functions.
The Hospitals market is leading the Global Electroencephalography Devices Market by End-use in 2021; thereby, achieving a market value of $1.2 billion by 2028. Worldwide the proportion of individuals suffering from epilepsy, dementia, and other traumatic brain disorders and injuries is increasing. This has pushed the number of people getting admitted to hospitals for treatment and prevention of neurological disorders.
The 25-channel market is experiencing a CAGR of 9.8% during (2022 - 2028). A major problem that comes with the high number of channels is that the identification of signals becomes harder. Most researchers prefer an EEG device with less than 32 channels to appropriately relate the areas of brain activity with the produced signals. The 25-channel EEG is highly preferred to identify and correlate auditory attention and its preference for research application is driving the growth of the segment.
The North America market dominated the Global Electroencephalography Devices Market by Region in 2021; thereby, achieving a market value of $695.2 million by 2028. The Europe market is anticipated to witness a CAGR of 9.3% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 10.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/electroencephalography-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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