Electroencephalography Amplifiers Market Size, Share, Industry, Forecast and outlook (2024-2031)

Electroencephalography Amplifiers Market is segmented By Type (8-сhаnnеl Аmрlіfіеrѕ, 16-сhаnnеl Аmрlіfіеrѕ, 32-сhаnnеl Аmрlіfіеrѕ, 64-сhаnnеl Аmрlіfіеrѕ, 128-сhаnnеl Аmрlіfіеrѕ, 256-сhаnnеl Аmрlіfіеrѕ), By Application (Medical Use, Research Use), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa)– Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Electroencephalography Amplifiers Market Overview

[180 Pages Report] Electroencephalography Amplifiers Market is estimated to reach at high CAGR of 7.1% during the forecast period (2023-2030).

An electroencephalogram (EEG) amplifier magnifies the bioelectric potential associated with the neuronal functioning of the brain and can be used to carry out unipolar or bipolar EEG measurements. Electroencephalography is a standard diagnostic tool for neurological diseases and disorders such as epilepsy and insomnia.

Electroencephalography Amplifiers Market Scope

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Electroencephalography Amplifiers Market Growth and Trends

The electroencephalography amplifiers market growth is driven by the growing prevalence of neurological disorders such as epilepsy and Alzheimer’s disease, rise in the adoption of EEG systems in surgical centers.

An increase in technological advancements in the field of EEG amplifiers is expected to drive the global electroencephalography amplifiers market growth

An increase in technological advancements in EEG equipment has surged the demand for electroencephalography devices from neurologists and neurosurgeons to correctly diagnose brain disorders. For instance, Diadem EEG was designed to be the first reliable dry EEG headset (very high signal quality) with a self-placement function to support neuroscience applications or products that need to sense only frontal and posterior brain areas. 

Added technological features, is expected to drive the global electroencephalography amplifiers market growth

The advantages of EEG measurement are that it is the least invasive measure of brain activity and provides much quantitative information during relevant cognitive processes. There has been the advent of portable EEGs in which the brain signals can be digitized and sent to a recording machine, such as a smartphone, computer, or the cloud. Cloud-computing software is considered a critical innovation in EEG data processing, as it allows for the real-time analysis of recordings at scale. Wearable EEG devices, such as EEG caps can support more sensors as they have a larger surface area for electrode placement.

The high cost of EEG offered by hospitals is likely to hinder the market growth

For patients not covered by health insurance, an EEG typically costs $200-$700 or more for a standard EEG or up to $3,000 or more if extended monitoring is required. For example, Garden City Hospital in Michigan charges $749 for an EEG. For patients with health insurance, typical out-of-pocket costs for an EEG would consist of a copay or coinsurance of 10%-40%. This factor may hamper market growth.

COVID-19 Impact Analysis On Electroencephalography Amplifiers Market

Due to the covid-19 outbreak, the EEG amplifiers market is expected to emerge unhinged mainly because the high need for these devices is likely to outweigh hampering factors such as disruption of the medical supply chain and limited production. These EEG systems will find significant applications during the outbreak to monitor and identify neurology-related complications that the coronavirus could potentially cause in patients. Owing to this fact, major players in the EEG amplifier market will find high opportunities from hospitals and clinics. Hence, catering to the demand and meeting production deadlines could challenge social distancing measures and ongoing operations with a limited workforce.

Electroencephalography Amplifiers Market Segment Analysis

The 8-channel amplifiers segment is expected to hold the largest share in this market segment

The 8-channel Amplifiers segment accounts for the largest share of the market. This is attributed to technological advancements and high adoption by healthcare professionals. For instance, BIO-LOGIC NETLINK EEG acquisition-friendly remote controls, precision sampling, built-in oximeter and 8 DC channels make this the ideal amplifier for nearly all EEG recording needs. Netlink amplifiers are completely self-contained data acquisition systems that connect to the computer with a standard network connection. All channels are simultaneously sampled at 524,000 Hz and stored at programmable rates of up to 512 Hz. In addition, high input impedances and 22-bit A to D resolution provide exceptional signal quality.

The medical segment is expected to hold the largest share in this market segment

 The medical segment accounts largest share of the market, owing to rising awareness regarding neurodegenerative disorders. This rising awareness among people leads to the demand for advanced EEG products for disease diagnosis and prevention.

Electroencephalography Amplifiers Market Geographical Share

North America region holds the largest market share of the global electroencephalography amplifiers market

North America holds a major market share in the global electroencephalography devices market during the forecast period. The rising prevalence of various sleep and neurodegenerative disorders and accessibility to insurance are significant factors contributing to this regional growth.

Moreover, highly developed healthcare infrastructure and strong distribution and sales network of leading vendors in this region are anticipated to drive growth even further. For instance, in October 2018, Lifelines Neurodiagnostic Systems, Inc., a neurodiagnostic provider and services provider, completed the acquisition of Incereb Ltd. This acquisition is expected to help increase its market presence in developing markets and expand its product portfolio.

Electroencephalography Amplifiers Market Companies and Competitive Landscape

The global electroencephalography amplifiers market is moderately competitive with the presence of global companies. Some of the key players which are contributing to the growth of the market include Nаtuѕ Меdісаl, Вrаіn Рrоduсtѕ, Міtѕаr, Моbеrg, Соrѕсіеnсе, Dеуmеd Dіаgnоѕtіс, Еb Nеurо, Еlmіkо Меdісаl, Соmрumеdісѕ Nеurоѕсаn, Саdwеll Іnduѕtrіеѕ, Advanced Technology & Industrial Co., Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally. For instance, The BrainAmp DC is a fully portable amplifier that connects to any laptop and is powered by a rechargeable battery, the PowerPack.

Electroencephalography Amplifiers Market Key Companies to Watch

Mitsar Co. Ltd

Overview: Founded in 1996 by four Russian engineers Mitsar Co., Ltd. has developed several medical devices for functional diagnostics and scientific research. At present, Mitsar is one of the leading companies manufacturing medical equipment for functional diagnostics and neurophysiology. Since 2004 Mitsar Company is involved in international trade and has successfully exported the Mitsar-EEG system to different countries in America, Europe, the Middle East and Asia.

Product: Mitsar-EEG device has been issued the 510K (K143233) from the US FDA to be marketed and distributed on the territory of the US.