Wearable EEG Devices Market Size And Forecast
According to Verified Market Research, Global Wearable EEG Devices Market was valued at USD 764.49 Million in 2019 and is projected to reach USD 1,425.53 Million by 2027, growing at a CAGR of 8.1% from 2020 to 2027.
What is Wearable EEG Devices?
The Electroencephalogram (EEG) is the non-invasive method used to serve the purpose of monitoring and measuring the brain waves for the diagnosis to the neurological disorders, and brain-computer interface. It is used to measure the fluctuations in the voltages within the neurons and brains results from the ionic current. This system greatly enhances and introduced real-time monitoring of patients to improve the quality and life acceptancy of the patients. It finds its application in the diagnosis of epilepsy, sleep disorders, coma, and brain dead.
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Global Wearable EEG Devices Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The Wearable EEG Devices Market is experiencing tremendous growth owing to the increasing number of the geriatric population and the growing incidences of neurovascular disorders. In addition, the rising research and development activities in the field of neurology and increasing government initiatives to support the research studies are other primary factors driving the growth of the market. Moreover, the growth in the cases associated with the brain tumor, and traumatic brain injuries, imposing a positive outlook on the market growth. However, the high initial investment associated with EEG devices is expected to hinder the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Wearable EEG Devices Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Wearable EEG Devices Market Competitive Landscape
The “Global Wearable EEG Devices Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., Neuroelectrics, g.tec medical engineering GmbH, Electrical Geodesics, Inc. (Koninklijke Philips N.V.), Natus Medical Incorporated, ANT Neuro, Brain Products GmbH, Compumedics Neuroscan and Emotiv Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Wearable EEG Devices Market, By Channel
• 5-Channel Type
• 14-Channel Type
• 32-Channel Type
Wearable EEG Devices Market, By Application
Wearable EEG Devices Market, By Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
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