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(Medical-NewsWire.com, September 22, 2018 ) Industry Outlook and Trend Analysis
The global EEG (Electroencephalography) Monitors Market was worth USD 223.86 billion in 2014 and is expected to reach approximately USD 429.55 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.51% during the forecast period. Expanding commonness of neurological disorders and increasing awareness about these issues are main considerations contributing toward the development of the market. As per the Society for Neuroscience, around 38% of the European Union populace is experiencing either type of mental disorder. Rising R&D investments by producers to give enhanced brain monitoring devices is another central point fundamentally contributing toward the development of the market.
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Product Outlook and Trend Analysis
In terms of product, the market is sectioned into 25-channel EEG,32-channel EEG, 8-channel EEG, 21-channel EEG, 40-channel EEG, and multichannel EEG. In 2015, 32-channel EEG was the biggest income netting portion and is additionally anticipated to keep up its strength amid the conjecture time frame. The innovative progression in 32-channel EEG products and its high appropriation by human services proficient are main considerations driving business sector development. On the basis of revenue, the 32-channel EEG fragment is trailed by 25-channel EEG and 40-channel EEG 2015. These portions are foreseen to demonstrate significant development rate amid the estimate time frame.
Type Outlook and Trend Analysis
Based on type, the market is divided into portable devices and standalone devices. Standalone devices fragment represented the major share of income of the EEG devices market in 2015. The standalone devices are the most ordinarily used sort of EEGs. The portable devices section is foreseen to display most elevated development rate amid the estimate time frame. The main consideration adding to the development of this fragment is expanding spotlight of producers on advancements in technology, for example, light weight, simultaneous raw data acquisition and portability.
End User Outlook and Trend Analysis
Hospitals ruled the general market in 2015 inferable from the developing number of patients enduring with traumatic brain injuries, epilepsy, and other neurological disorders. Diagnostic centres portion is foreseen to witness quickest development amid the examination time frame, because of the developing awareness for neurodegenerative disorders. The developing awareness of neurological disorders among individuals prompts interest for cutting edge EEG products for ailments diagnosis and avoidance.
Regional Outlook and Trend Analysis
In 2015 North America commanded the Electroencephalography monitors market took after by Europe and Asia Pacific. The rising pervasiveness of different rest and neurodegenerative issue and availability to protection are central point adding to development of the market in this region. Asia Pacific is assessed to develop at most astounding rate amid the gauge time frame in view of expanding aged populace in this area. Likewise, undiscovered opportunities pen doors alongside quickly creating human services foundation in nations, for example, India and China is driving the market development.
Competitive Insights
The leading players in the market are Cadwell Industries Inc, Natus Medical Incorporated, Compumedics, Electrical Geodesics Inc, Noraxon U.S.A Inc, Neurowave Monitors Inc and Nihon Kohden America Inc. The significant players are taking up different inorganic and organic monitors, for example, new product advancement, acquisitions, collaborations, mergers, and local development for serving the neglected needs of their clients.
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The (Electroencephalography) Monitors Market is segmented as follows-
By Product:
25-channel EEG
8-channel EEG
21-channel EEG
32-channel EEG
40-channel EEG
Multichannel EEG
By Type:
Portable devices
Standalone devices
By End User:
Diagnostics centers
Hospitals
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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