Saudi Arabia Electroencephalography Devices Market Size & Outlook
Saudi Arabia electroencephalography devices market, 2018-2030 (US$M)
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Saudi Arabia electroencephalography devices market highlights
- The Saudi Arabia electroencephalography devices market generated a revenue of USD 20.3 million in 2023 and is expected to reach USD 34.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.8% 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 20.3 million |
| Market revenue in 2030 | USD 34.4 million |
| Growth rate | 7.8% (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, Saudi Arabia accounted for 1.7% 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 Middle East & Africa, Saudi Arabia electroencephalography devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 32.1 million by 2030.
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Electroencephalography Devices Market Scope
Electroencephalography Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 27.59% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Technological innovation is a key factor driving changes in the healthcare industry in the country at a significant rate. The country is focusing on the digitalization of healthcare by leveraging innovative technologies, such as AI, big data, and cloud computing.
There are currently 150 health-tech startups in the country. Such advancements are resulting in shorter hospital stays and rise in number of surgical procedures, which, in turn, is driving the demand for electroencephalography devices.
Moreover, major global players are opting for regulatory clearance to launch their products to cater to the growing demand for electroencephalography devices in the country. For instance, online platforms, such as Ubuy Co., offer digital portable EEG machine and mapping system, a 16-channel EEG, KT 88 3Y imported from the U.S., at affordable price in Saudi Arabia.
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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 country-level data and insights on the Saudi Arabia electroencephalography devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia electroencephalography devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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