Epilepsy Monitoring Devices Market is estimated to expand at a compounded annual growth rate (CAGR) of 5.6% over the forecast period

The global epilepsy monitoring devices market is estimated to expand at a compounded annual growth rate (CAGR) of 5.6% over the forecast period of 2021-2030.

 

Epilepsy is a life-threatening non-communicable chronic brain disorder characterised by recurring sensory disturbances and loss of consciousness, which are linked to aberrant electrical activity in the brain. Epilepsy is a neurological disorder that causes seizures and other serious problems in people of all ages.

 

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Electroencephalogram (EEG) devices are used to diagnose brain disorders with epilepsy monitoring equipment. These gadgets are capable of tracking seizures, preventing against serious side effects, and providing essential information to specialists so that they can provide the best therapy to patients. Watches, anti-suffocation cushions, mattress gadgets, and bracelets are examples of epilepsy monitoring equipment.

 

GROWTH DRIVERS:

Factors such as the rapidly rising prevalence of epilepsy cases around the world; the rising preference for ambulatory healthcare; the rising demand for continuous monitoring to detect non-convulsive seizures (NCS); the rising awareness of neurodegenerative diseases, including epilepsy; the expanding potentialities of epilepsy monitoring devices; and the escalating funding for research and development activities, particularly in matured regions.

Furthermore, in the previous few years, the healthcare industry has seen a massive amount of technology advancements all around the world. Wearable gadgets that can detect seizures in epileptic patients and warn them about the likelihood of a seizure have recently become a groundbreaking invention. The popularity of these devices is rapidly increasing around the world. Fast regulatory approvals and technological breakthroughs in these wearable devices are pushing their usage even more.

 

Other factors such as rising awareness of the complex epilepsy detection process, rising adoption of wrist-worn epilepsy monitoring devices, manufacturers' increasing inclination to offer solutions capable of reducing the number of sudden unexpected deaths in epilepsy cases, and the growing number of product launches and companies engaged in the development of efficient epilepsy monitoring devices are also expected to play a role.

 

EPILEPSY MONITORING DEVICES MARKET SEGMENTATION:

By Product:

·         Wearable Devices

·         Conventional Devices

·         Deep Brain Stimulation Devices

·         Monitoring Devices

·         EEG Devices

·         Standard EEG

·         Video EEG

·         Others/Ambulatory EEG

·         EMG Devices

·         MEG Devices

·         Other Monitoring Devices

 

By End User:

·         Hospitals

·         Ambulatory Surgery Centres & Clinics

·         Neurology Centres

·         Diagnostic Centres

·         Home Care Settings

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

In terms of product, the worldwide epilepsy monitoring devices market was driven by traditional devices in 2020. During the forecast period, the segment is expected to maintain its market leadership. The rapid increase in cases and awareness of epilepsy and related disorders among the population, the increasing global adoption of conventional devices in hospitals and clinics, and the presence of favourable reimbursement policies in healthcare facilities in developed countries are all factors contributing to the growth.

 

In 2020, the global epilepsy monitoring devices market was dominated by the hospitals segment, followed by the clinics segment. Because of the rising demand for hospital diagnostics of various ailments, the segment is expected to maintain its lead during the projection period.

KEY COMPANIES IN EPILEPSY MONITORING DEVICES MARKET:

·         Abbott Laboratories Inc.

·         LivAssured B.V.

·         BioSerenity

·         Aleva Neurotherapeutics

·         Advanced Brain Monitoring

·         Lifelines Neuro Company, LLC 

·         Mindray Medical International Ltd.

·         Cadwell Industries Inc.

·         Natus Medical Incorporated

·         Compumedics Limited

·         Empatica Inc.

·         Nihon Kohden Corporation

·         Medtronic Plc

·         Masimo Corporation

·         Boston Scientific Corporation

·         Drägerwerk AG & Co. KGaA

·         NeuroWave Systems Inc.

·         PulseGuard International Ltd.

·         Koninklijke Philips N.V

·         Other Players

 

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