North America Electroencephalography Devices Market Size, Share & Industry Trends Analysis Report By Type, By End User, By Product (32-channel, 25-channel, 40-channel, 21-channel, 8-channel and Multichannel), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Electroencephalography Devices Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
Portable or wireless EEG equipment is operated with a battery while most wired EEG equipment can function when attached directly to a computer. Since the brain signals are small, less than or equal to 10 microVolts, the signals are passed through an amplifier system to get accurate measurements. The amplifier receives the signal from electrodes, then magnifies them after stabilizing them. The magnification of the signals is done to a level that would facilitate their measurement through electronic components, which would then turn them into digital signals.
These amplified signals are recorded through a mobile device, cloud database, or computer. EEG machines use numerous electrodes spread all over the scalp surface as different parts of the brain produce different signals. The number of electrodes is governed by the number of channels present on the EEG device. It is generally known, that the higher the number of electrodes, the enhanced the resolution of captured data.
Throughout the world, the necessity to maintain mental health along with physical health is being realized. Nowadays, there are numerous societies that are initiating campaigns like the ALS ice bucket challenge, which aims to increase general awareness about mental and brain disorders and lessen the burden of stigma around these subjects. This has multiplied the efforts towards the improvement of cognitive capabilities, which would help in the upkeep of mental health, has gained momentum.
In this region, sleep disorders and problems are highly prevalent mainly because of hectic work schedules and medical disorders. Roughly two-thirds of adults in America report that they get insufficient sleep. In general, it has been estimated that about 50 to 70 million Americans of all socioeconomic classes and ages suffer from sleep-related problems. Altogether, Americans suffer from 80 different sleep disorders and about 30 million have problems like intermittent sleep disorder or sporadic sleep patterns.
The US market dominated the North America Electroencephalography Devices Market by Country in 2021; thereby, achieving a market value of $501.6 million by 2028. The Canada market is experiencing a CAGR of 11.3% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 10.3% during (2022 - 2028).
Based on Type, the market is segmented into Standalone and Portable. Based on End User, the market is segmented into Hospitals, Diagnostic Centers and Others. Based on Product, the market is segmented into 32-channel, 25-channel, 40-channel, 21-channel, 8-channel and Multichannel. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electroencephalography Devices Market is Estimated to reach $1.8 Billion by 2028, at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Compumedics Limited, Natus Medical Incorporated (Archimed SAS), Nihon Kohden Corporation, Cadwell Industries, Inc., Neurowave Systems, Inc., Magstim EGI (Magstim, Inc.) and Noraxon U.S.A., Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Diagnostic Centers
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Compumedics Limited
- Natus Medical Incorporated (Archimed SAS)
- Nihon Kohden Corporation
- Cadwell Industries, Inc.
- Neurowave Systems, Inc.
- Magstim EGI (Magstim, Inc.)
- Noraxon U.S.A., Inc.
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