Asia Pacific EEG Devices Market

Market Introduction

Electroencephalography (EEG) is the study of electrical brain action along with the scalp. With the help of multiple electrodes placed on the head, the EEG equipment examines voltage fluctuations resulting from ionic current flows in the brain's neurons. EEG is among the most stable and predicative pointers when analysing human cognition, evaluating a subject's health condition, or observing their mental state. EEG is widely used to detect epilepsy. Moreover, the device is used to identify sleep disorders, coma, anaesthesia, encephalopathies, and brain death. The device is utilized for the diagnosis of tumours, stroke, and other brain ailments.

Thus, the significantly rising elderly population is expected to create a significant demand for EEG devices in the coming years, which is further anticipated to drive the EEG devices market.

COVID-19 pandemic has broadly affected that economies in the Asia Pacific region. Countries such as India, China, Japan, South Korea were adversely affected by the pandemic. The socio-economics were severely affected, rising in negative inflation, GDPs, and a surge in unemployment in the region. The pandemic has affected three main aspects of the global economy: production, supply chain, and firms and financial markets. For example, the Nihon Kohden Group has production sites in Japan, the US, India, China, and Italy and has tentatively discontinued operations at most of these sites but maintains operating R&D and sales offices in Japan. National governments have announced largely uncoordinated, country-specific responses to the virus. As authorities encourage “social distancing” and consumers stay indoors, several businesses are hit. However, coherent, coordinated, and credible policy responses are expected to offer the best chance at limiting the economic fallout. This pandemic is affecting the business operation of the various key players operating in this region.

Asia Pacific EEG Devices Strategic Insights

Strategic insights for the Asia Pacific EEG Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific EEG Devices Report Scope

Asia Pacific EEG Devices Regional Insights

The geographic scope of the Asia Pacific EEG Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The EEG devices market in Asia Pacific is expected to grow from US$ 181.6 million in 2021 to US$ 311.4 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028. In the field of the medical industry, the research and developments have been growing with functional space and leading the players to introduce new products in the market. The innovations for neurological products have enabled players to manufacture advanced diagnosis products. Several market players are engaged in designing and manufacturing uniquely engineered EEG devices that are used in neurological disease diagnosis. The EEG system rapidly evaluates brain-wave information of unconscious patients. The device developed for quick setup and effective placement of electrodes within five minutes, which allows doctors to assess brain health and conclude the best treatment possibilities for unconscious patients.

Key Market Segments

In terms of product, the 32-channel EEG segment accounted for the largest share of the Asia Pacific EEG devices market in 2020. In terms of application, the brain tumour segment accounted for the largest share of the Asia Pacific EEG devices market in 2020. In terms of device type, the standalone devices segment accounted for the largest share of the Asia Pacific EEG devices market in 2020. In terms of end user, the hospitals and clinics segment held a larger market share of the EEG devices market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the EEG devices market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report areKoninklijke Philips N.V.

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Reasons to buy report

• To understand the Asia Pacific EEG devices market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific EEG devices market
• Efficiently plan M&A and partnership deals in Asia Pacific EEG devices market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific EEG devices market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

ASIA PACIFIC EEG DEVICES MARKET SEGMENTATION

By Product

• 32-channel EEG
• 25-channel EEG
• 40-channel EEG
• Multi channel EEG
• 21-channel EEG
• 8-channel EEG

By Application

• Brain Tumors
• Head Trauma
• Sleep Disorders
• Neuroscience
• Others

By Device Type

• Standalone Devices
• Portable Devices

By End User

• Hospitals & Clinics
• Diagnostic Centers
• Research Centers
• Academic & Research Institutes

By Country

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

Companies Mentioned

1. Koninklijke Philips N.V.
2. Bitbrain Technologies
3. Brain Products GmbH  
4. g.tec medical engineering GmbH Austria
5. Wearable Sensing
6. Neuroelectrics 
7. ANT Neuro
8. Mitsar Co. LTD.
9. NeuroSky 
10. BioSemi
11. EMOTIV