Asia Pacific EEG Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG, and Multi-channel EEG); Application (Sleep Disorders, Neuroscience, Head Trauma, Brain Tumours, and Others); Device Type (Standalone Devices, and Portable Devices); End User (Hospitals & Clinics, Diagnostic Centres, Academic & Research Institutes, and Research Centres)
Market Introduction
Electroencephalography (EEG) is the study of electrical brain action along with the scalp. With the help of multiple electrodes placed on the head, the EEG equipment examines voltage fluctuations resulting from ionic current flows in the brain's neurons. EEG is among the most stable and predicative pointers when analysing human cognition, evaluating a subject's health condition, or observing their mental state. EEG is widely used to detect epilepsy. Moreover, the device is used to identify sleep disorders, coma, anaesthesia, encephalopathies, and brain death. The device is utilized for the diagnosis of tumours, stroke, and other brain ailments.
Thus, the significantly rising elderly population is expected to create a significant demand for EEG devices in the coming years, which is further anticipated to drive the EEG devices market.
COVID-19 pandemic has broadly affected that economies in the Asia Pacific region. Countries such as India, China, Japan, South Korea were adversely affected by the pandemic. The socio-economics were severely affected, rising in negative inflation, GDPs, and a surge in unemployment in the region. The pandemic has affected three main aspects of the global economy: production, supply chain, and firms and financial markets. For example, the Nihon Kohden Group has production sites in Japan, the US, India, China, and Italy and has tentatively discontinued operations at most of these sites but maintains operating R&D and sales offices in Japan. National governments have announced largely uncoordinated, country-specific responses to the virus. As authorities encourage “social distancing” and consumers stay indoors, several businesses are hit. However, coherent, coordinated, and credible policy responses are expected to offer the best chance at limiting the economic fallout. This pandemic is affecting the business operation of the various key players operating in this region.
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Market Overview and Dynamics
The EEG devices market in Asia Pacific is expected to grow from US$ 181.6 million in 2021 to US$ 311.4 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028. In the field of the medical industry, the research and developments have been growing with functional space and leading the players to introduce new products in the market. The innovations for neurological products have enabled players to manufacture advanced diagnosis products. Several market players are engaged in designing and manufacturing uniquely engineered EEG devices that are used in neurological disease diagnosis. The EEG system rapidly evaluates brain-wave information of unconscious patients. The device developed for quick setup and effective placement of electrodes within five minutes, which allows doctors to assess brain health and conclude the best treatment possibilities for unconscious patients.
Key Market Segments
In terms of product, the 32-channel EEG segment accounted for the largest share of the Asia Pacific EEG devices market in 2020. In terms of application, the brain tumour segment accounted for the largest share of the Asia Pacific EEG devices market in 2020. In terms of device type, the standalone devices segment accounted for the largest share of the Asia Pacific EEG devices market in 2020. In terms of end user, the hospitals and clinics segment held a larger market share of the EEG devices market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the EEG devices market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report areKoninklijke Philips N.V., Bitbrain Technologies, Brain Products GmbH, g.tec medical engineering GmbH Austria, Wearable Sensing, Neuroelectrics, ANT Neuro, Mitsar Co. LTD., NeuroSky, BioSemi, and EMOTIV.
Reasons to buy report
- To understand the Asia Pacific EEG devices market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific EEG devices market
- Efficiently plan M&A and partnership deals in Asia Pacific EEG devices market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific EEG devices market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
ASIA PACIFIC EEG DEVICES MARKET SEGMENTATION
By Product
- 32-channel EEG
- 25-channel EEG
- 40-channel EEG
- Multi channel EEG
- 21-channel EEG
- 8-channel EEG
By Application
- Brain Tumors
- Head Trauma
- Sleep Disorders
- Neuroscience
- Others
By Device Type
- Standalone Devices
- Portable Devices
By End User
- Hospitals & Clinics
- Diagnostic Centers
- Research Centers
- Academic & Research Institutes
By Country
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- Koninklijke Philips N.V.
- Bitbrain Technologies
- Brain Products GmbH
- g.tec medical engineering GmbH Austria
- Wearable Sensing
- Neuroelectrics
- ANT Neuro
- Mitsar Co. LTD.
- NeuroSky
- BioSemi
- EMOTIV
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 EEG Devices Market – By Product
1.3.2 EEG Devices Market – By Application
1.3.3 EEG Devices Market – By Device Type
1.3.4 EEG Devices Market – By End User
1.3.5 Asia Pacific EEG Devices Market – By Country
2. Asia Pacific EEG Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific EEG Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 EEG Devices Market- Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific EEG Devices Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Incidences of Neurovascular Disorders
5.1.2 Significantly Rising Elderly Population
5.2 Market Restraints
5.2.1 High Cost of EEG Devices
5.3 Market Opportunities
5.3.1 Increasing Medical Tourism in Emerging Nations
5.4 Future Trend
5.4.1 Technological Developments in EEG Devices
5.5 Impact Analysis
6. EEG Devices Market – Asia Pacific Analysis
6.1 Asia Pacific EEG Devices Market Revenue Forecasts and Analysis
7. Asia Pacific EEG Devices Market Analysis and Forecasts To 2028 – By Product
7.1 Overview
7.2 EEG Devices Market Revenue Share, By Product (2021 and 2028)
7.3- Channel EEG
7.3.1 Overview
7.3.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.4- Channel EEG
7.4.1 Overview
7.4.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.5- Channel EEG
7.5.1 Overview
7.5.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Multi- Channel EEG
7.6.1 Overview
7.6.2 Multi- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.7-Channel EEG
7.7.1 Overview
7.7.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.8 8-channel EEG
7.8.1 Overview
7.8.2 8-channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8. EEG Devices Market Analysis – By Application
8.1 Overview
8.2 EEG Devices Market, by Application 2021 & 2028 (%)
8.3 Brain Tumours
8.3.1 Overview
8.3.2 Brain Tumours: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Head Trauma
8.4.1 Overview
8.4.2 Head Trauma: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Sleep Disorders
8.5.1 Overview
8.5.2 Sleep Disorders: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Neuroscience
8.6.1 Overview
8.6.2 Neuroscience: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific EEG Devices Market Analysis and Forecasts To 2028 – By Device Type
9.1 Overview
9.2 EEG Devices Market Revenue Share, By Device Type (2021 and 2028)
9.3 Standalone Devices
9.3.1 Overview
9.3.2 Standalone Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Portable Devices
9.4.1 Overview
9.4.2 Portable Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific EEG Devices Market Analysis and Forecasts to 2028– By End User
10.1 Overview
10.2 EEG Devices Market Share by End User 2018 & 2027 (%)
10.3 Hospitals & Clinics
10.3.1 Overview
10.3.2 Hospitals & Clinics: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Diagnostic Centres
10.4.1 Overview
10.4.2 Diagnostic Centres: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Research Centres
10.5.1 Overview
10.5.2 Research Centres: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Academic & Research Institutes
10.6.1 Overview
10.6.2 Academic & Research Institutes: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
11. EEG Devices Market Revenue and Forecasts to 2028 – Geographical Analysis
11.1 Asia Pacific: EEG Devices Market
11.1.1 Overview
11.1.2 Asia Pacific: EEG Devices Market, by Country, 2021 & 2028 (%)
11.1.2.1 China: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.1 China: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.2 China: EEG Devices Market, By Product, 2019–2028 (USD Million)
11.1.2.1.3 China: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.1.4 China: EEG Devices Market, By Device Type, 2019–2028 (USD Million)
11.1.2.1.5 China EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
11.1.2.2 Japan: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.1 Japan: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.2 Japan: EEG Devices Market, By Product, 2019–2028 (USD Million)
11.1.2.2.3 Japan: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.2.4 Japan: EEG Devices Market, By Device Type, 2019–2028 (USD Million)
11.1.2.2.5 Japan EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
11.1.2.3 India: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.1 India: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.2 India: EEG Devices Market, By Product, 2019–2028 (USD Million)
11.1.2.3.3 India: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.3.4 India: EEG Devices Market, By Device Type, 2019–2028 (USD Million)
11.1.2.3.5 India EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
11.1.2.4 Australia: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.4.1 Australia: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.4.2 Australia: EEG Devices Market, By Product, 2019–2028 (USD Million)
11.1.2.4.3 Australia: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.4.4 Australia: EEG Devices Market, By Device Type, 2019–2028 (USD Million)
11.1.2.4.5 Australia EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
11.1.2.5 South Korea: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.5.1 South Korea: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.5.2 South Korea: EEG Devices Market, By Product, 2019–2028 (USD Million)
11.1.2.5.3 South Korea: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.5.4 South Korea: EEG Devices Market, By Device Type, 2019–2028 (USD Million)
11.1.2.5.5 South Korea EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
11.1.2.6 Rest of Asia Pacific: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.6.1 Rest of Asia Pacific: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.6.2 Rest of Asia Pacific: EEG Devices Market, By Product, 2019–2028 (USD Million)
11.1.2.6.3 Rest of Asia Pacific: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.6.4 Rest of Asia Pacific: EEG Devices Market, By Device Type, 2019–2028 (USD Million)
11.1.2.6.5 Rest of Asia Pacific EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
12. Impact Of COVID-19 Pandemic on Asia Pacific EEG Devices Market
12.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Market, (%)
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview
14. COMPANY PROFILES
14.1 Koninklijke Philips N.V.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Bitbrain Technologies
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Brain Products GmbH
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 g.tec medical engineering GmbH Austria
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Wearable Sensing
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Neuroelectrics
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 ANT Neuro
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Mitsar Co. LTD.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 NeuroSky
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 BioSemi
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 EMOTIV
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. China: EEG Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 2. China: EEG Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. China: EEG Devices Market, By Device Type– Revenue and Forecast to 2028 (USD Million)
Table 4. China EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
Table 5. Japan: EEG Devices Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 6. Japan: EEG Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 7. Japan: EEG Devices Market, By Device Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Japan EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
Table 9. India: EEG Devices Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 10. India: EEG Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. India: EEG Devices Market, By Device Type– Revenue and Forecast to 2028 (USD Million)
Table 12. India EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
Table 13. Australia: EEG Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 14. Australia: EEG Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 15. Australia: EEG Devices Market, By Device Type– Revenue and Forecast to 2028 (USD Million)
Table 16. Australia EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
Table 17. South Korea: EEG Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 18. South Korea: EEG Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 19. South Korea: EEG Devices Market, By Device Type– Revenue and Forecast to 2028 (USD Million)
Table 20. South Korea EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
Table 21. Rest of Asia Pacific: EEG Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of Asia Pacific: EEG Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of Asia Pacific: EEG Devices Market, By Device Type– Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of Asia Pacific EEG Devices Market Revenue and Forecast to 2027, By End User (US$ Mn)
Table 25. Organic Developments Done By Companies
Table 26. Inorganic Developments Done By Companies
Table 27. Glossary of Terms, EEG Devices Market
LIST OF FIGURES
Figure 1. EEG Devices Market Segmentation
Figure 2. Asia Pacific EEG Devices Market Overview
Figure 3.-channel EEG Segment Held Largest Share of Product in EEG devices Market
Figure 4. Japan is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. EEG Devices Market - Asia Pacific PEST Analysis
Figure 6. EEG Devices Market Impact Analysis of Driver and Restraints
Figure 7. Asia Pacific EEG Devices Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. EEG Devices Market Revenue Share, By Product (2021 and 2028)
Figure 9.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Multi- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. 8-channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. EEG Devices Market, by Application 2021 & 2028 (%)
Figure 16. Brain Tumours: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Head Trauma: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Sleep Disorders: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Neuroscience: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. EEG Devices Market Revenue Share, By Device Type (2021 and 2028)
Figure 22. Standalone Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Portable Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. EEG Devices Market Share by End User 2018 & 2027 (%)
Figure 25. Hospitals & Clinics: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Diagnostic Centres: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Research Centres: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Academic & Research Institutes: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Asia Pacific: EEG Devices Market, by Key Country – Revenue (2021) (USD Million)
Figure 30. Asia Pacific: EEG Devices Market, by Country, 2021 & 2028 (%)
Figure 31. China: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Japan: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. India: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Australia: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. South Korea: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Rest of Asia Pacific: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 38. Growth Strategies Done by the Companies in the Market, (%)
- Koninklijke Philips N.V.
- Bitbrain Technologies
- Brain Products GmbH
- g.tec medical engineering GmbH Austria
- Wearable Sensing
- Neuroelectrics
- ANT Neuro
- Mitsar Co. LTD.
- NeuroSky
- BioSemi
- EMOTIV
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific EEG devices market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific EEG devices market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the EEG devices market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution