Over the projected period of 2021–2030, the market for epilepsy monitoring devices is anticipated to develop at a compound annual growth rate (CAGR) of 5.6%.
Epilepsy is a severe, persistent brain disorder that is not contagious and is characterised by unanticipated, recurrent sensory disturbance and unconsciousness. It is also characterised by aberrant electrical activity in the brain. People of all ages can experience seizures and other serious problems as a result of epilepsy.
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Electroencephalogram (EEG) devices are used with epilepsy monitoring equipment to diagnose brain abnormalities. These technologies have the ability to monitor seizures, safeguard against serious side effects from seizures, and provide doctors with vital information on which to make patient care decisions. Watches, anti-suffocation pillows, mattress gadgets, and bracelets are a few of the epilepsy monitoring equipment.
GROWTH DRIVERS:
The world's rapidly rising prevalence of epilepsy cases, the rising preference for ambulatory healthcare, the rising need for continuous monitoring to detect non-convulsive seizures (NCS), the rising awareness of neurodegenerative diseases like epilepsy, the improving potential of epilepsy monitoring devices, and the rising funding for research and development activities, especially in mature regions, are the main factors.
Additionally, it is anticipated that there will be an increase in the number of product launches and businesses working to create effective epilepsy monitoring devices as well as the spread of knowledge about the difficult epilepsy detection process, the rising adoption of wrist-worn epilepsy monitoring devices, the increasing tendency of manufacturers to offer solutions that can lower the number of sudden unexpected deaths in epilepsy cases, and more.
However, during the forecast period, it is anticipated that factors such as the lack of these devices in underdeveloped areas, the high cost of complex epilepsy monitoring procedures and devices, and the existence of unfavourable reimbursement policies will limit the growth of the epilepsy monitoring devices market to some extent.
EPILEPSY MONITORING DEVICES MARKET SEGMENTATION:
By Product:
• Wearable Devices
• Conventional Devices
o Deep Brain Stimulation Devices
o Monitoring Devices
§ EEG Devices
§ Standard EEG
§ Video EEG
§ Others/Ambulatory EEG
§ EMG Devices
§ MEG Devices
§ Other Monitoring Devices
By End User:
• Hospitals
• Ambulatory Surgery Centres & Clinics
• Neurology Centres
• Diagnostic Centres
• Home Care Settings
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
KEY COMPANIES IN EPILEPSY MONITORING DEVICES MARKET:
• Abbott Laboratories Inc.
• LivAssured B.V.
• BioSerenity
• Aleva Neurotherapeutics
• Advanced Brain Monitoring
• Lifelines Neuro Company, LLC
• Mindray Medical International Ltd.
• Cadwell Industries Inc.
• Natus Medical Incorporated
• Compumedics Limited
• Empatica Inc.
• Nihon Kohden Corporation
• Medtronic Plc
• Masimo Corporation
• Boston Scientific Corporation
• Drägerwerk AG & Co. KGaA
• NeuroWave Systems Inc.
• PulseGuard International Ltd.
• Koninklijke Philips N.V
• Other Players
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