South Korea Electroencephalography Devices Market Size & Outlook
South Korea electroencephalography devices market, 2018-2030 (US$M)
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South Korea electroencephalography devices market highlights
- The South Korea electroencephalography devices market generated a revenue of USD 17.1 million in 2023 and is expected to reach USD 34.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.6% 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 17.1 million |
| Market revenue in 2030 | USD 34.6 million |
| Growth rate | 10.6% (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 Korea accounted for 1.4% 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 |
|---|
South Korea 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 28.07% in 2023. Horizon Databook has segmented the South Korea 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.
To fulfill the regional and global demand for electroencephalography devices, South Korea is considering all the essential steps to support the country’s major market players. With an increase in foreign demand for Korean electroencephalography devices, domestic companies are aiming for the global market with competitive services & prices.
Companies such as Neuracle Technologies Pvt. Ltd, Compu medics Neuro scan, and iMedi Sync have major presence in the market. For instance, iMedi Sync offers iSync Wave, a next-generation dry EEG measurement device in the South Korean market.
In March 2022, iMedi Sync received the 2022 Red Design Award for its creative and innovative design of an EEG device “iSync Wave.” This award would encourage companies to develop and commercialize innovative and effective EEG devices in the market.
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Target buyers of South Korea electroencephalography devices market databook
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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 South Korea electroencephalography devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea electroencephalography devices market size, by product, 2018-2030 (US$M)
South Korea Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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