Electroencephalography (EEG) is an electrophysiological monitoring
method primarily designed to record the electrical activity of brain. The EEG systems
are designed to measure the voltage and fluctuations that are resulted from the
ionic current in the neurons of the brain. The EEG is a most often used for
diagnosing epilepsy that causes the abnormalities in the readings. Further, it
is also used for diagnosing the sleep disorders, anesthesia, coma,
encephalopathies, and brain death concerns. The EEG used as a first-line method
designed to diagnosis tumors, stroke and other focal brain disorders
associated.
According to study, “Electroencephalography Equipment Market by Product
(EEG equipment, and EEG Accessories), Application (Disease Diagnosis, Sleep
Monitoring, Anesthesia Monitoring Trauma & Surgery and Others), and End
User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research
Laboratories, and Others): Global Opportunity Analysis and Industry Forecast,
2018-2026” the key companies operating in the global
electroencephalography equipment market are Advanced Brain Monitoring, Inc.,
Cephalon A/S, Cadwell Industries, Inc., Compumedics Limited, General Electric
Company (GE Healthcare), Fresenius SE & Co. KGaA, Koninklijke Philips N.V.
(Philips Healthcare), Natus Medical Incorporated, Medtronic plc., and Nihon
Kohden Corporation. The key players operating in the market have started focusing
on adoptionof the expansion strategies for expanding their product portfolios.
Based on product, the electroencephalography equipment market is
segmented into EEG accessories and EEG equipment. EEG equipment is further
sub-segmented into portable EEG system and integrated EEG system. EEG
accessories segment dominates the market owing to surge in various neurological
disorders such as Alzheimer’s, epilepsy, and others.Based on portability,
market is segmented into portable and standalone. Based on application, market
is segmented into diseases diagnosis, anesthesia monitoring, sleep monitoring,
trauma & surgery and others. Disease diagnosis segment holds highest market
share due to rise in adoption of EEGs in neonatal intensive care units (NICUs).
In addition, based on end user, market is segmented into hospitals, ambulatory
surgical centers, diagnostic centers, research laboratories and others.
The electroencephalography
equipment market is driven by surge in geriatric population worldwide,
followed by rise in prevalence of neurological disorders, expansion of private
hospitals &neuro clinics in rural areas and increase in research &
development (R&D) activities in healthcare. However, presence of substitute
products may impact the market. Moreover, growth potential in developing nation
is a key opportunity for market.
Based on geography, the North-American region holds major share in
electroencephalography equipment market owing to presence of skilled
technicians, higher number of R&D activities, and wide availability of
technologically advanced EEG equipment in the region. Whereas, the
Asian-Pacific and European regions are estimated to exhibit substantial growth
rate due to rise in healthcare expenditure and rapid development of medical
devices industry over the forecast period. In upcoming years, it is predicted
that future of the market will be optimistic as a result of presence of highly
developed healthcare infrastructure coupled with strong distribution &sales
network of leading vendors during the forecast period. The
electroencephalography equipment market accounted for US $1,403 million in
2018, and is likely to reach US $1,999 million by 2026, registering a CAGR of
4.5% from 2019-2026.
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