The global EEG devices market, based on the device type was segmented into standalone devices and portable devices. In 2018, the standalone devices segment held the largest share of the market. However, the portable devices segment is expected to grow at the fastest rate during the coming year. Portable EEG devices are used for long term signal recording or remote real-time monitoring. They are frequently small-sized and low-cost and consequently suitable for daily using. With smaller size and low cost, it is suitable for daily usage which owes to its fastest growth over the coming years.
The EEG devices market majorly consists of the players such as,
- Brain Products GmbH
- g.tec medical engineering GmbH
- Cognionics, Inc.
- Wearable Sensing
- ANT Neuro
- Mitsar Co. Ltd.
- Advanced Brain Monitoring, Inc.
- Koninklijke Philips N.V.
- Bitbrain Technologies
The neurovascular diseases include hemorrhage stroke, ischemic stroke, brain tumors, and more. The genetic disorders, lifestyle habits, related chronic conditions may cause the development of neurovascular diseases. During the last few years, the predominance of neurological disorders has increased significantly. For instance, epilepsy is one of the neurovascular diseases that is rising significantly across the globe.
Neurological diseases are the diseases of the spine, brain, and the nerves that connect them and provides oxygenated blood. The neurovascular systems are highly dependent on the continuous supply of oxygen and nutrients, which has been supplied by the arteries and veins. The amount of oxygen and nutrients to the brain is essential for its working; therefore, a defect in the system can impair the function, and it may quickly become a life-threatening factor.
The key factors driving the growth of the market are growing incidences of neurovascular disorders and significantly rising elderly population. However, the restraints such as the high cost of EEG devices are likely to impact the growth of the market in the forecast period.