Report Ocean presents a new report on global electroencephalography equipment size, share, growth, industry trends, and forecast 2026, covering various industry elements and growth trends helpful for predicting the market’s future.
The electroencephalography equipment market accounted for $1,403 million in 2018, and is expected to reach $1,999 million by 2026, registering a CAGR of 4.5% from 2019 to 2026.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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Electroencephalography (EEG) equipment are used to conduct a test to study the electrical activity of the brain. This test is called as electroencephalogram and it provides insights related to fluctuations in brain wave. Moreover, the test is non-invasive and includes the use of electrodes that are placed on the scalp of the patient. These devices are employed for diagnosis of various diseases such as epilepsy, Alzheimer’s diseases, and others.
Furthermore, EEG equipment is also used to monitor sleep pattern in an individual. EEG equipment are used in intensive care units of hospitals to monitor the brain function of the patient. At diagnostic centers, these devices are used to diagnose brain disorders and at research laboratories to study action of drugs on the brain.
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Rise in geriatric population and surge in adoption of EEG equipment in surgery centers are the factors that boost the growth of the global EEG equipment market. Moreover, the other factor that fuels the growth of the market include increase in prevalence of neurological disorders such as epilepsy and Alzheimer’s disease.
Furthermore, technological advancements in the field of EEG equipment also contributes to the growth of the global EEG equipment market. However, presence of substitute products in the market is a factor that hinders the growth of the market. Conversely, growth potential in developing nations is expected to provide lucrative opportunity for the global EEG equipment market during the forecast period.
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The electroencephalography equipment market is segmented based on product, application, end user, and region to provide a detailed assessment of the market. Based on product, the market is divided into integrated EEG system, portable EEG system, and EEG accessories. Based on application, the market is divided into brain monitoring, sleep monitoring, and anesthesia monitoring. On the basis of end user, the market is classified into hospitals, diagnostic & medical laboratories, and others.
KEY BENEFITS FOR STAKEHOLDERS
– This report entails a detailed quantitative analysis along with the current global electroencephalography equipment market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
Key Market Segments
o Integrated EEG Systems
o Portable EEG Systems
o EEG Accessories
o Brain Monitoring
o Sleep Monitoring
o Anesthesia Monitoring
By End User
o Diagnostic & Medical Laboratories
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o North America
? Rest of Europe
? South Korea
? Rest of Asia-Pacific
? Saudi Arabia
? South Africa
? Rest of LAMEA
List of key players profiled in the report:
– Advanced Brain Monitoring, Inc.
– Cadwell Industries, Inc.
– Cephalon A/S
– Compumedics Limited
– Fresenius SE & Co. KGaA
– General Electric Company (GE Healthcare)
– Koninklijke Philips N.V. (Philips Healthcare)
– Medtronic plc.
– Natus Medical Incorporated
– Nihon Kohden Corporation
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
– Neuro Style.
– NeuroWave Systems Inc.
– Micromed S.p.A.
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What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the electroencephalography equipment at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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