LONDON, Aug. 10, 2016 /PRNewswire/ --
Electroencephalography is a neurological test that measures and
records electrical activities in the brain. Neurological disorders
such as epilepsy and Parkinson's, among others are diagnosed
through EEG. An EEG setup includes collection storage and display
of data using components such as connecting wires, display device,
amplifiers, electrodes, and software. EEG is a low-cost noninvasive
method of brain monitoring. This method is expected gain prominence
over the following five to six years.
The global EEG devices market report begins with an overview of
EEG and its future outlook. This report covers the EEG devices
market performance in terms of revenue contribution. This section
also includes PMR's analysis of key trends, drivers, restraints,
and opportunities, which are influencing the EEG devices market.
Impact analysis of the key growth drivers and restraints, based on
the weighted average model, is included in this report on the EEG
devices market across various regions, to better equip clients with
crystal clear decision-making insights.
The EEG devices market is segmented into:
Product type
Modality
End-use
By product type, the global EEG devices market is segmented into
8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG,
40-channel EEG, and multi-channel EEG. Of these, the 32-channel EEG
segment accounted for 25.3% share of the overall EEG devices market
in 2014, followed by the 25-channel EEG and 40-channel EEG segments
respectively. By modality, the global EEG devices market is
segmented into portable devices and standalone (fixed) devices.
On the basis of end use, the market is segmented into hospitals
and diagnostic centers. The diagnostic centers segment is expected
to increase at the highest CAGR of 7.2% during the forecast period.
Thus, this segment is anticipated to emerge as a potentially viable
segment for deployment of EEG devices by manufacturers over the
forecast period. Hospitals segment is expected to witness robust
growth during the forecast period, with a steady growth during the
latter years of the forecast period.
The global EEG devices market is mainly driven by factors such
as rising incidence of neurological disorders leading to the
development of efficient EEG devices, extensive research and
development on neuroscience, growing product line development, and
rising healthcare expenditure. Lack of professionally trained
personnel, the weak spatial resolution offered by EEG, along with
the availability of substitutes are some of the factors restraining
the growth of the market. Companies are manufacturing devices that
read and interpret user's brainwaves and help control devices. This
technology is anticipated to gain traction across various
applications such as lifestyle, fitness, medicine and market
research. Numerous ongoing studies for potential application of EEG
wearable technology are expected to drive demand for wireless EEG
devices over the following five to six years. For instance, EEG is
expected to find wider application to detect rapid eye movement
(REM) sleep stage.
Regions covered in the report are as follows:North AmericaLatin
AmericaEuropeAsia PacificThe Middle East & Africa
To arrive at the market size, the report considers the market
value of global EEG devices across the aforementioned geographies.
The forecast presented here assesses the total revenue generated by
the global EEG devices market. When developing the market forecast,
the starting point involves sizing the current market, which forms
the basis for the forecast of how the market is anticipated to take
shape in the near future. For this, PMR sought inputs from several
subject matter experts in the EEG devices domain. Given the
characteristics of the market, we triangulated the outcome based on
various analysis based on the supply side, demand side and dynamics
of the market. Quantification of data has been considered along
with the provision of quality insights collected directly from the
market through discussion with pharmacists, suppliers, physicians
and subject matter experts. This is how market analysis for the
forecast period is carried out.
We have also taken into consideration year-on-year growth based
on regional growth analysis to understand predictability of the
market and to identify right opportunities in the global EEG
devices market.
As previously highlighted, the market for global EEG devices is
split into various segments on the basis of region, end use,
product type, and modality. All these segments have been analyzed
in terms of Basis Point Share (BPS) to understand the individual
segments' relative contribution to market growth. This detailed
level of information is important for identification of various key
trends in the global EEG devices market.
Also, another key feature of this report is the analysis of the
global EEG devices market, by region further segmented on the basis
of countries and revenue forecast in terms of absolute dollar
opportunity. Regional trends have been introspected, identified and
applied while forecasting growth rates in the market. Additionally,
the absolute dollar opportunity provided in the report is critical
and is expected to help in assessing the level of opportunity that
a provider can look to achieve from a sales perspective in the
global EEG devices market.
Furthermore, PMR has developed the market attractiveness index
for all four segments, namely, regional, product type, modality,
and end use segments. This index helps identify the real
opportunities in the market.
In the final section of the report, the global EEG devices
market landscape is included to provide report audiences with a
dashboard view, based on categories of providers in the global EEG
devices product portfolio; their key developments and strategies
have also been included wherever possible. Key players profiled in
this report on the global EEG devices market include Cadwell
Laboratories Inc., Compumedics Limited, EB Neuro S.P.A, Elekta
A.B., Electrical Geodesics Inc., Natus Medical Inc., Neurowave
Systems Inc., Neurosoft Ltd., BrainScope Company Inc., Lifelines
Neurodiagnostic Systems Inc., Bio-Signal Group Corp., Jordan
NeuroScience Inc. and Nihon Kohden Corp. These key market players
profile includes various attributes such as company overview,
recent developments, growth strategies and sustainability.
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