India Electroencephalography Devices Market Size & Outlook
India electroencephalography devices market, 2018-2030 (US$M)
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India electroencephalography devices market highlights
- The India electroencephalography devices market generated a revenue of USD 31.8 million in 2023 and is expected to reach USD 67.5 million by 2030.
- The India market is expected to grow at a CAGR of 11.4% 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 31.8 million |
| Market revenue in 2030 | USD 67.5 million |
| Growth rate | 11.4% (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, India accounted for 2.6% 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 |
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India 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 28.3% in 2023. Horizon Databook has segmented the India 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.
The presence of several local players in India also aids in securing its market position. Medtronic, Nihon Kohden India, and RMS Neurotech are some of the major companies providing EEG devices in the Indian market.
Several electroencephalography device manufacturers are involved in setting up new manufacturing facilities in India owing to favorable regulatory environment, government support, and high population. Furthermore, the rising number of medical facilities will boost the demand for EEG devices in the market.
For instance, in July 2022, the Government of India launched two brain health clinics under the Karnataka “Brain Health Initiative (Ka-BHI)” at Jayanagar general hospital. Such initiatives from the government are creating opportunities for key EEG device manufacturers to supply products and fulfill the rising demand.
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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 India electroencephalography devices market , including forecasts for subscribers. This country databook contains high-level insights into India electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India electroencephalography devices market size, by product, 2018-2030 (US$M)
India Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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