Europe Electroencephalography Devices Market Size & Outlook
Europe electroencephalography devices market, 2018-2030 (US$M)
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Europe electroencephalography devices market highlights
- The Europe electroencephalography devices market generated a revenue of USD 322.6 million in 2023.
- The market is expected to grow at a CAGR of 9.9% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 322.6 million |
| Market revenue in 2030 | USD 625.8 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | 32-channel eeg |
| Fastest growing segment | Multichannel EEG |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 26.6% of the global electroencephalography devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 563.3 million by 2030.
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Electroencephalography Devices Market Scope
Electroencephalography Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 27.74% in 2023. Horizon Databook has segmented the Europe 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.
Increasing prevalence of Traumatic Brain Injuries (TBIs) is among the factors expected to contribute to growth of this market over the forecast period. As per an article published by Neurosurgery in June 2022, the estimated incidence of TBI for population of all ages and TBI severity were 47.3 to 694 per 100,000 population and 83.3 to 849 per 100,000 population, respectively.
TBIs are an important cause of hospital admissions and mortality in Europe. Hence, there is significant scope for EEG devices as they play an important role in monitoring brain health and help physicians in diagnosing various diseases. Thus, increase in TBI cases is anticipated to propel the demand for devices over the forecast period.
The electroencephalography devices market in Europe is smaller than that in North America, with some European countries exhibiting low market penetration. The difference in the market size of the two regions can be attributed to unfavorable reimbursement policies, market access issues of EEG devices, and a lack of skilled professionals in many European countries.
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Our clientele includes a mix of electroencephalography devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electroencephalography devices market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe electroencephalography devices market size, by country, 2018-2030 (US$M)
Europe Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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