Middle East and Africa EEG Devices Market
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.
The coronavirus has shown substantial effects in the Middle East and Africa. The pandemic has increased the demand for medical devices that can be used in a home care setting. The region has observed increasing numbers of patients admitted to intensive care units (ICU), a rising number of medications imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems, leading to a rise in medical devices. However, some medical industry segments, including EEG devices, have experienced losses during the COVID-19 pandemic due to restricted manufacturing and supply chain facilities. However, due to the growing infection rate in South Africa, UAE, and other MEA countries, mental stress has been increased among people. Also, the increasing number of cases of chronic conditions has increased, which resulted in an increased diagnosis of sleep monitoring, trauma monitoring, and anesthesia monitoring after several treatments. Therefore, it is expected that such instances have broadened up vital growth opportunities for the EEG devices market. This pandemic is affecting the business operation of the various key players operating in this region.
Strategic insights for the Middle East and Africa 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 34.7 Million |
| Market Size by 2028 | US$ 53.4 Million |
| Global CAGR (2021 - 2028) | 6.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa 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 Middle East and Africa is expected to grow from US$ 34.7 million in 2021 to US$ 53.4 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The number of the aging population in the world is projected to reach around 1.4 billion in 2030, and it will reach about 2.1 billion in 2050 and is expected to reach up to 3.1 billion in 2100. The elderly population has been linked with various chronic diseases due to problems related to it. Neurological disorders are most observed in older adults, affecting between 5% and 55% of people aged 55 years and above. They are associated with a high risk for adverse health outcomes, such as mortality, disability, institutionalization, and hospitalization. Mental and neurological disorders in elderly adult’s report 6.6% of the total disability (DALYs) for this age group. Roughly, 15% of adults aged 60 and above have a mental disorder. The most common mental and neurological disorders observed in the geriatric population are dementia and depression, which affect approximately 5% and 7% of the world’s older population, respectively. Therefore, due to the increasing geriatric population and the surge in associated neurological disorders, the market for EEG devices is anticipated to witness significant growth.
In terms of product, the 32-channel EEG segment accounted for the largest share of the Middle East and Africa EEG devices market in 2020. In terms of application, the brain tumour segment accounted for the largest share of the Middle East and Africa EEG devices market in 2020. In terms of device type, the standalone devices segment accounted for the largest share of the Middle East and Africa 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.
A few major primary and secondary sources referred to for preparing this report on the EEG devices market in Middle East and Africa 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.
By Product
By Application
By Device Type
By End User
By Country
The Middle East and Africa EEG Devices Market is valued at US$ 34.7 Million in 2021, it is projected to reach US$ 53.4 Million by 2028.
As per our report Middle East and Africa EEG Devices Market, the market size is valued at US$ 34.7 Million in 2021, projecting it to reach US$ 53.4 Million by 2028. This translates to a CAGR of approximately 6.3% during the forecast period.
The Middle East and Africa EEG Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa EEG Devices Market report:
The Middle East and Africa EEG Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa EEG Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa EEG Devices Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East and Africa EEG Devices Market
