South Africa Electroencephalography Devices Market Size & Outlook
South Africa electroencephalography devices market, 2018-2030 (US$M)
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South Africa electroencephalography devices market highlights
- The South Africa electroencephalography devices market generated a revenue of USD 18.3 million in 2023 and is expected to reach USD 32.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.4% 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 18.3 million |
| Market revenue in 2030 | USD 32.1 million |
| Growth rate | 8.4% (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, South Africa accounted for 1.5% 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 |
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South Africa 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 27.32% in 2023. Horizon Databook has segmented the South Africa 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.
Head trauma is a leading contributor to the worldwide disease burden in young adults and children, and EEG devices plays an important role in managing such brain injuries by detecting changes in brain activity.
According to University of Cape Town, about 89,000 new cases of TBIs are reported every year in South Africa. Thus, increasing cases of head traumatic injuries is projected to propel the demand for EEG devices.
Furthermore, the country is well-positioned to expand its medical device manufacturing. However, barriers, such as low R&D investments and fragmented industry are limiting the market growth in the country.
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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 country-level data and insights on the South Africa electroencephalography devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa electroencephalography devices market size, by product, 2018-2030 (US$M)
South Africa Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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