Global Epilepsy Monitoring Devices Market 2018-2022| Advent of Wearable Devices to Boost Demand| Technavio
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.
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.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Technavio Research
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PUB: 10/04/2018 10:03 AM/DISC: 10/04/2018 10:03 AM