- Rise in cases of brain infections, head injuries, and brain cancer is boosting the demand for epilepsy monitoring devices
- The Epilepsy monitoring devices market size is estimated to be valued at over US$ 737 Mn by 2031
WILMINGTON, Del., July 28, 2022 /PRNewswire/ — The epilepsy monitoring devices market demand analysis by Transparency Market Research (TMR) estimates the global market to develop at a CAGR of 4.6% during the forecast period, from 2022 to 2031.
Epilepsy monitoring devices are being utilized by different end-users, namely, home care settings, hospitals, and clinics. The manufacturers of epilepsy monitoring devices are likely to gain prominent business opportunities from the hospital & clinics segment during the forecast period owing to rise in the use of EEG monitoring and emergency medical services across hospitals and clinics.
The government authorities of several developing nations including India and China are focusing on the development of a sturdy healthcare infrastructure. As a result, players in the epilepsy monitoring devices market are expected to gain sizable growth prospects in Asia Pacific region during the forecast period. This aside, the Asia Pacific The market is anticipated to expand at significant CAGR in the forthcoming years owing to increase in the demand for quality healthcare regional in the region and rise in the trend of medical tourism in many nations.
Key players in the epilepsy monitoring devices market are focusing on the launch of novel devices intended for the use in children. Moreover, companies are also using organic and inorganic strategies including mergers and acquisitions in order to stay ahead of the competition.
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Epilepsy Monitoring Devices Market: Key Findings
As per the WHO, epilepsy is one of the prominent health disorder across the globe with approximately over 50 million population affected with this disease. The estimated number of people suffering from this condition at a given time is approximately 4 to 10 individuals in 1,000 people. This explains why the market share for epilepsy monitoring devices is prognosticated to be valued at over US$ 737 Mn by 2031.
· The incidences of brain malformations are being increasing across many developed and developing nations around the world. This factor is fueling the sales growth in the epilepsy monitoring devices market. Moreover, the market is being driven by many factors including advancements in the healthcare infrastructure across many emerging economies in the world.
There are different conditions including convulsions and epileptic seizures such as myoclonic seizures, tonic-clonic seizures, and atonic seizures that can lead to epilepsy. In the recent years, the understanding pertaining to the treatment of panic attacks is being increasing among people from across the globe. This factor is boosting the demand for different types of epilepsy devices, notes a TMR study on the monitoring devices market.
· Companies operating in the epilepsy monitoring devices market are investing in R&Ds in order to develop next-gen pediatric medical devices. Such efforts are expected to help them in maintaining their leading positions in the monitoring devices market, note analysts at TMR.
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Epilepsy Monitoring Devices Market: Growth Boosters
- Rise in the incidences of brain cancer, brain infections, and head injuries around the world is driving the demand for epilepsy monitoring devices market
- Increasing focus of the market players on technological advancements and new product approvals is anticipated to help in the rapid expansion of the market during the forecast period
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Epilepsy Monitoring Devices Market: Key Players
Some of the key players profiled in the report are:
- Medtronic plc
- Koninklijke Philips NV
- Natus Medical Incorporated
- Compumedics Limited
- PulseGuard International Ltd.
- Empatica, Inc.
Epilepsy Monitoring Devices Market Segmentation
- Conventional Devices
- Wearable Devices
- Hospitals & Clinics
- Home Care Settings
- Regions Covered
- North America
- Latin America
- Asia Pacific
- Middle East , Africa
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