The growth of the Middle East & Africa EEG machines market is attributable to innovation for automated seizure detection in epilepsy and increasing neurological disorders. However, the high cost of EEG machines is a key factor restraining the market growth.
The incidence of neurological disorders is significantly rising among older people. However, due to various factors such as stress, genetic mutations, lifestyle habits, and related chronic conditions, the incidences are seen among people of all age groups. It is estimated that there are over 600 neurologic disorders, among which Parkinson's, Huntington's, Alzheimer's, muscular dystrophy, stroke, meningitis, epilepsy, dementia, migraine, and brain tumors are commonly seen. Similarly, the growing geriatric population is expected to influence the incidence of neurological disorders. According to the World Health Organization (WHO) statistics, 2018, the total population over 60 years of age will grow at a rate of 22% by 2050 from 12% in 2015. According to the Federal Interagency Forum on Aging-Related Statistics published in 2016, 35.8% of people aged 85 years and above have moderate or severe memory impairment. Therefore, owing to the above-mentioned statistics, the demand for EEG machines is expected to increase, which, in turn, will propel market growth.
Epilepsy is among the commonly diagnosed neurological disorders among the population across the world. It affects ~2% of the total world's population. However, the diagnosis of epilepsy is merely done in developed countries where the healthcare technologies are well-developed. The diagnosis of epilepsy requires several days of EEG monitoring, which is interpreted by a trained neurologist, a neurophysiologist, or a skilled EEG reader. Epilepsy is undiagnosed in most cases in humans, or the treatment is delayed due to a late diagnosis. Therefore, it is essential to diagnose epilepsy at an early stage.
Technological developments provide a better scope to diagnose epilepsy seizures automatically. Various developments have been undertaken to devise technology for automated epilepsy seizure detection. For instance, in 2017, Google Inc. partnered with Cleveland Clinic's Epilepsy Center to develop an artificial intelligence (AI) system. The collaboration aims to integrate AI with the EEG machines that will help detect epileptic seizures automatically from long-term EEG recordings of patients who have been evaluated in Cleveland Clinic's epilepsy monitoring unit. Such innovations are expected to encourage more developments for EEG machines and create growth opportunities for the market players in the near future.
The COVID-19 pandemic has increased the demand for medical devices that can be used in homecare settings. The region has observed an increase in the number of patients being admitted to intensive care units (ICU). Moreover, the rising number of medications is imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems and leading to a rise in usage of medical devices. However, some segments of the medical industry, including EEG machines, 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, the UAE, and other MEA countries, mental stress has been increased among people. Also, the rising number of cases of chronic conditions has increased the resulted idiagnosis of sleep monitoring, trauma monitoring and anesthesia monitoring after several treatment. Therefore, such instances have broadened growth opportunities for the EEG machines market.
Strategic insights for the Middle East and Africa EEG Machines 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. The geographic scope of the Middle East and Africa EEG Machines 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.
Middle East and Africa EEG Machines Strategic Insights
Middle East and Africa EEG Machines Report Scope
Report Attribute
Details
Market size in 2021
US$ 35.93 Million
Market Size by 2028
US$ 59.08 Million
Global CAGR (2021 - 2028)
7.4%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Product Type
By Application
By End User
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East and Africa EEG Machines Regional Insights
The Middle East and Africa EEG Machines Market is valued at US$ 35.93 Million in 2021, it is projected to reach US$ 59.08 Million by 2028.
As per our report Middle East and Africa EEG Machines Market, the market size is valued at US$ 35.93 Million in 2021, projecting it to reach US$ 59.08 Million by 2028. This translates to a CAGR of approximately 7.4% during the forecast period.
The Middle East and Africa EEG Machines Market report typically cover these key segments-
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The Middle East and Africa EEG Machines Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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Essentially, anyone involved in or considering involvement in the Middle East and Africa EEG Machines Market value chain can benefit from the information contained in a comprehensive market report.