UK Electroencephalography Devices Market Size & Outlook
UK electroencephalography devices market, 2018-2030 (US$M)
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UK electroencephalography devices market highlights
- The UK electroencephalography devices market generated a revenue of USD 49.6 million in 2023 and is expected to reach USD 105.6 million by 2030.
- The UK 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 49.6 million |
| Market revenue in 2030 | USD 105.6 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, UK accounted for 4.1% 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 Europe, Germany electroencephalography devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 105.6 million by 2030.
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Electroencephalography Devices Market Scope
Electroencephalography Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 27.62% in 2023. Horizon Databook has segmented the UK 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 UK has several small- and medium-sized companies that significantly contribute to the economy. The turnover from these companies is valued high among all businesses currently operating in the UK. The country has a reputation for quality solutions.
Hence, in-house manufactured medical devices are anticipated to witness significant demand in the coming years. Some major companies operating in the market are Myndplay and Kokoon Technology.
These companies are adopting several strategies to acquire higher market share, including the launch of innovative products in the market. For instance, in July 2021, Mynd Play developed and launched Mynd Band EEG Brainwave headset and mind-controlled video platform in the UK.
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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 UK electroencephalography devices market , including forecasts for subscribers. This country databook contains high-level insights into UK electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK electroencephalography devices market size, by product, 2018-2030 (US$M)
UK Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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