Electroencephalography (EEG) Devices Market To Reach USD 1.48 Billion By 2026 | CAGR of 7.6% | Cadwell Laboratories Inc, Compumedics Limited, EB Neuro S.P.A
: New York, United States, 05-August-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, the global Electroencephalography (EEG) Devices market was valued at USD 822.1 million in 2018 and is expected to reach USD 1.48 billion by year 2026, at a CAGR of 7.6%. The study covers EEG devices, a typically noninvasive electrophysiological monitoring system designed to record electrical activity of the brain. This electrical activity is measured over a period of time, and abnormalities are studied to diagnose the patient’s condition. EEG is generally used to diagnose epilepsy, brain death, sleep disorders, encephalopathies, coma, depth of anesthesia, tumors, stroke and other focal brain disorders. But innovations in Electroencephalography such as wearable EEG by new company Cogwear LLC provide wearable EEG looking like headband applicable in sports, gym and majorly in healthcare as it is useful in studying team work, trust within individual, communication and brain reaction to situation and also detects anxiety and depression among younger generation. The Society for Neuroscience estimated that approximately 38% of the European region experiencing neurological disorders costing an average of around USD 902.43 billion every year which require brain study to understand an individual and deliver proper treatment this will improve the demand of Electroencephalography in the respective regional market.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
Cadwell Laboratories Inc., Compumedics Limited, EB Neuro S.P.A, Elekta A.B., BrainScope Company Inc., Electrical Geodesics Inc., Natus Medical Inc., Lifelines Neurodiagnostic Systems Inc., and Neurowave Systems Inc.
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For the purpose of this report, Reports and Data have segmented into the global Electroencephalography (EEG) Devices market on the basis of type, propellants, application, and region:
Product Outlook (Revenue, USD Million; 2016-2026)
8-channel EEG21-channel EEG25-channel EEG32-channel EEG40-channel EEGMultichannel EEG
Type Outlook (Revenue, USD Million; 2016-2026)
Standalone devicesPortable devices
End Use Outlook (Revenue, USD Million; 2016-2026)
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/electroencephalography-eeg-devices-market
Key Question the Report Will Answers
At what rate will the Electroencephalography (EEG) Devices Market grow?
What will be the value of the market in 2027?
What are the key technologies driving Electroencephalography (EEG) Devices?
What would be the impact of Electroencephalography (EEG) Devicesacross different regions?
What are the strategies adopted by players to enter the APAC region?
What is the key application of Electroencephalography (EEG) Devicesin the transportation sectors? What are future growth strategies in the market?
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