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Electroencephalograph Systems Market Trends

Report ID: GMI3927
Published Date: Feb 2024
Report Format: PDF

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Electroencephalograph Systems Market Trends

Continuous advancements in EEG technology, including improvements in hardware, software, and connectivity. This involves the development of more portable, wireless, and user-friendly EEG systems. There is a notable trend towards miniaturization, making EEG devices more portable and lightweight. This is especially beneficial for ambulatory monitoring, home use, and situations were traditional, bulkier systems may be impractical.

The integration of wireless technologies, such as Bluetooth and Wi-Fi, allows for seamless communication between EEG devices and other computing systems. This facilitates remote monitoring, real-time data transmission, and enhances the overall flexibility of EEG systems.
The adoption of cloud computing in EEG systems allows for secure storage, sharing, and analysis of EEG data. Cloud-based solutions enhance collaboration among healthcare providers and researchers, enabling them to access and interpret data from different locations.

As these factors converge, the EEG market is positioned for robust growth, driven by increased demand in clinical diagnostics, research endeavors, and the rising adoption of remote healthcare that is estimated to grow at 17.2% CAGR in the evolving landscape of healthcare.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Electroencephalograph (EEG) systems market size was valued at USD 1 billion in 2023 and is estimated to reach over USD 1.8 billion by 2032 driven by the growing incidence of neurological disorders as a significant global health concern, affecting individuals of all ages.

The 32-channel segment is anticipated to witness a 6.7% growth rate from 2024-2032 attributed to their ability to provide more detailed and spatially specific information about brain activity.

North America electroencephalograph systems industry reached USD 457.7 million in revenue in 2023 and is projected to grow at a notable CAGR through 2032 owing to growing integration with hospital information systems (HIS) for seamless data sharing, patient record management, and efficient workflow within hospital environments.

Some of the leading firms engaged in the electroencephalograph systems market are Bio-Logic Systems Corporation, BrainScope Company, Inc., Cadwell Industries, Inc., Compumedic Neuroscan, Compumedics Limited, EBNeuro S.p.A., Elekta AB, Interaxon Inc., Medtronic plc, Natus Medical Incorporated, and NeuroWave Systems Inc.