Global Epilepsy Monitoring Devices Market 2018-2022| Advent of Wearable Devices to Boost Demand| Technavio

October 4, 2018

LONDON--(BUSINESS WIRE)--Oct 4, 2018-- analysts forecast the global epilepsy monitoring devices market to grow at a CAGR of close to 7% during the forecast period, according to their latest market research report.

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Technavio analysts forecast the global epilepsy monitoring devices market to grow at a CAGR of close to 7% by 2022. (Graphic: Business Wire)

The advent of wearable devices is one of the major trends being witnessed in the . The global healthcare industry experiences increasing technological advances. The introduction of is one such technological development. Wearable devices can detect and illustrate seizures in epileptic patients. The market has several wearable EEG devices such as MINDSET’s headphones and Emotiv Insight.

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According to Technavio analysts, one of the key factors contributing to the growth of the global epilepsy monitoring devices market is the growing demand for continuous monitoring:

Global epilepsy monitoring devices market: Growing demand for continuous monitoring

In critically ill epileptic patients, there is a need for continuous to detect non-convulsive seizures (NCS). Continuous monitoring is performed to assess the cerebral cortical function. Pediatric population with encephalopathy can suffer from NCS. The outcome of NCS in adults keep changing, which can worsen their health condition. Hence, the need for continuous monitoring increases, which drives the demand for EEG systems.

According to a senior analyst at Technavio for research on orthopedics and general medical devices, “Video EEG systems help to determine the type of seizures and identify the region of the brain where the seizures originate. The need for a video EEG procedure can last from one day to a week depending on the criticality of the patient’s health. Compumedics offers real-time video EEG products that can be used in home-care settings.”

Global epilepsy monitoring devices market: Segmentation analysis

The global epilepsy monitoring devices market research report provides market segmentation by product (conventional EEG devices and wearable EEG devices) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, the conventional EEG devices segment held the largest market share in 2017, contributing to over 85% of the market. The growth of the segment can be attributed to the wide adoption of conventional EEG devices in hospitals and clinics, the growing demand for epilepsy monitoring in clinical trials, and the presence of reimbursement for EEG procedures in developed countries.

The Americas held the largest share of the market in 2017, accounting for close to 45% share, followed by EMEA and APAC respectively. The growth of the region can be due to the growing prevalence of epilepsy, increasing M&A, funding programs, and the increasing number of companies in the Americas.

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Regional comparison Key leading countries

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SOURCE: Technavio Research

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