DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Electroencephalography (EEG) Systems/Devices Market Analysis By Product, By Type (Portable Devices, Standalone Devices), By End Use (Hospitals, Diagnostic Centers), And Segment Forecasts 2014 - 2025" report to their offering.
The global EEG devices/systems market is expected to reach a value of USD 1.40 billion by 2025
Increasing prevalence of neurological disorders such as epilepsy, sleeping disorders, brain tumor, Parkinson's disease, and stroke is a major factor anticipated to drive market growth during the forecast period. According to WHO, over 50 million people are affected by epilepsy; and more than 35.6 million people worldwide are suffering from Alzheimer's disease and dementia. Thus, the increasing prevalence of neurological disorders leads to rising demand for EEG systems and equipment.
In addition, growing awareness about neurological diseases in developed and developing regions is expected to boost the market. Increasing funding for neuroscience R&D by governments is another main factor contributing to the market growth.
Further Key Findings From the Study Suggest:
- The 32-channel EEG segment was the highest revenue generating segment of the market in 2015. The technological advancement in 32-channel EEG products propels the segment growth
In 2015, the standalone devices segment was the highest revenue
grossing segment of the market due to its high application in
hospitals and diagnostics centers
- The hospitals segment held the largest revenue share in the market in 2015, owing to the increasing number of patients suffering from neurological disorders.
The rising geriatric population is another major factor responsible
for the growth of the hospitals segment during study period North
America accounted for the largest revenue share of the EEG devices
market in the year 2015
The availability of insurance coverage for brain monitoring and well-developed healthcare infrastructure is anticipated to drive demand for EEG products in the region during the forecast period
Some of the key companies are
- Natus Medical, Inc.
- NeuroWave Systems, Inc
- Electrical Geodesics, Inc.
- Medtronic; Compumedics Ltd.
- Cadwell Laboratories, Inc.
- Noraxon U.S.A. Inc.
- Nihon Kohden America, Inc.
For more information about this report visit http://www.researchandmarkets.com/research/j7n9rt/electroencephalogr