EEG Equipment Market to Reach $1.99 Bn by 2026, Globally, at 4.5% CAGR, Says Allied Market Research

Surge in prevalence of neurological disorders, increase in geriatric population worldwide, and surge in R&D activities in healthcare drive the growth of the global EEG equipment market.

News provided by

Allied Market Research

Nov 27, 2019, 08:50 ET

PORTLAND, Oregon, Nov. 27, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "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." As per the report, the global EEG equipment industry was estimated at $1.40 billion in 2018 and is expected to hit $1.99 billion by 2026, registering a CAGR of 4.5% during the study period.

Drivers, restraints, and opportunities-

Increase in incidence of neurological disorders, rise in geriatric population across the world, and upsurge in R&D activities in healthcare are the major factors fueling the growth of the global EEG equipment market. On the other hand, availability of substitute products impedes the growth to certain extent. However, high potential of the emerging economies is expected to create a range of opportunities in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2645

The EEG accessories segment to lead the trail by 2026-

Based on product, the EEG accessories segment contributed to more than two-thirds of the global EEG equipment market share and is expected to retain its dominance by the end of 2026. Rise in development of EEG devices has increased the demand for different types of electrodes, thereby giving a boost to the segment. The EEG equipment segment, on the other hand, is projected to grow at the fastest CAGR of 5.0% during the estimated period. This is attributed to factors such as surge in neurological disorders and rise in geriatric population across the world.

The disease diagnosis segment to rule the roost-

Based on application, the disease diagnosis segment held the highest share, generating more than one-third of the global EEG equipment market. This is due to increase in neurological disorders such as epilepsy, Parkinson disease and others. The same segment would also showcase the fastest CAGR of 5.5% during the study period.

North America garnered the lion's share in terms of revenue-

Based on geography, North America accounted for more than two-fifths of the global EEG equipment market revenue and is anticipated to maintain its top status till 2026. Factors such as easy availability of EEG equipment, trained technical staff, and awareness related to early diagnosis of neurological disorders have augmented the growth. Surge in geriatric population, increase in healthcare expenditure, and technological advancements propel the growth of the EEG equipment market in this region. Simultaneously, the Asia-Pacific region would grow at the fastest CAGR of 5.1% throughout the forecast period.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2645

Leading players in the industry-

Cadwell Industries, Inc.
Nihon Kohden Corporation
Koninklijke Philips N.V. (Philips Healthcare)
General Electric Company (GE Healthcare)
Advanced Brain Monitoring, Inc.
Medtronic plc.
Cephalon A/S
Fresenius SE & Co. KGaA
Natus Medical Incorporated

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Digital Therapeutics Market - Global Opportunity Analysis and Industry Forecast, 2017-2025

Prefilled Syringes Market - Global Opportunity Analysis and Industry Forecast, 2018-2025

Self-Monitoring Blood Glucose Devices Market - Global Opportunity Analysis and Industry Forecast, 2018-2025

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Email: [email protected]
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com/
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research