Australia Electroencephalography Devices Market Size & Outlook
Australia electroencephalography devices market, 2018-2030 (US$M)
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Australia electroencephalography devices market highlights
- The Australia electroencephalography devices market generated a revenue of USD 22.8 million in 2023 and is expected to reach USD 46.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, 32-channel eeg was the largest revenue generating product in 2023.
- Multichannel EEG is the most lucrative product segment registering the fastest growth during the forecast period.
Electroencephalography devices market data book summary
| Market revenue in 2023 | USD 22.8 million |
| Market revenue in 2030 | USD 46.5 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | 32-channel eeg |
| Fastest growing segment | Multichannel EEG |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG, Multichannel EEG |
| Key market players worldwide | Natus Medical, Medtronic PLC, Nihon Kohden Corp, Brain Products, Philips, AMS Micromedical, Emotiv, ANT Neuro, Lifelines Neuro, Cadwell Laboratories, EB Neuro, The Magstim Company, Compumedics |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global electroencephalography devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan electroencephalography devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 108.6 million by 2030.
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Electroencephalography Devices Market Scope
Electroencephalography Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia electroencephalography devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electroencephalography devices market will help companies and investors design strategic landscapes.
32-channel eeg was the largest segment with a revenue share of 28.07% in 2023. Horizon Databook has segmented the Australia electroencephalography devices market based on 8-channel eeg, 21-channel eeg, 25-channel eeg, 32-channel eeg, 40-channel eeg, multichannel eeg covering the revenue growth of each sub-segment from 2018 to 2030.
In Australia, there are nearly 400 domestic biotechnology, 500 Med Tech, and 50 multinational companies operating as subsidiaries, such as Nihon Kohden Corporation, Compu medics Neuro scan, Seer Medical, and Symbiotic Devices.
The presence of several local and foreign companies is anticipated to boost the demand for various regulatory services, thereby fueling market growth. With ongoing developments in medical technology, rising burden of brain-related complications, aging population, growing income, and shifting consumer expectations.
It is anticipated that the demand for medical applications, including electroencephalography devices, will increase for all age groups. Australians have one of the highest life expectancies in the world, ranking sixth among the OECD nations.
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Our clientele includes a mix of electroencephalography devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia electroencephalography devices market , including forecasts for subscribers. This country databook contains high-level insights into Australia electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia electroencephalography devices market size, by product, 2018-2030 (US$M)
Australia Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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