Latin America Electroencephalography Devices Market Size & Outlook
Latin America electroencephalography devices market, 2018-2030 (US$M)
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Latin America electroencephalography devices market highlights
- The Latin America electroencephalography devices market generated a revenue of USD 115.2 million in 2023.
- The market is expected to grow at a CAGR of 9.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 115.2 million |
| Market revenue in 2030 | USD 215.4 million |
| Growth rate | 9.4% (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, Latin America region accounted for 9.5% 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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Latin America 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 27.6% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America electroencephalography devices market is primarily driven by Brazil, Mexico, Argentina, and Colombia. Growing investments by market players in the region, proximity to North America, and free-trade agreements with major countries such as the U.S., Canada, Japan, & several European countries are among the factors anticipated to boost the Latin America market during the forecast period.
Increasing awareness in the region about the benefits associated with the use of EEG devices among physicians and researchers has also impelled the market demand. Major investments by key market players in the emerging economy and presence of a large target population are factors expected to drive market growth.
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Our clientele includes a mix of electroencephalography devices market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America electroencephalography devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America electroencephalography devices market size, by country, 2018-2030 (US$M)
Latin America Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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