According to the research report titled ‘Global Electroencephalography Devices (EEG) Market 2022-2028’, available with MarketStudyReport, global electroencephalography devices (EEG) market generated revenues worth USD 814 million in the year 2021 and is slated to expand at 6.3% CAGR, yielding a valuation of USD 1248 million during 2022-2028.

The development of global electroencephalography devices (EEG) market is driven by several parameters such as surging proportion of aging population who are more prone to neurological disorders, stroke, epilepsy, etc., soaring incidence of Alzheimer’s disease across the world, and advancements in healthcare sector.

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For the uninitiated, electroencephalography (EEG) is a non-invasive technique of recording electrical impulses in the brain using a surface electrode placed on the scalp. It attempts to measure voltage instability caused by ionic current in the brain's neurons. This aids in the easy detection of neurological dysfunction.

Besides, massive investments by private companies, supportive government initiatives, and increasing focus on research & development which is leading the way for immense technological advancements in the field are fueling global electroencephalography devices (EEG) industry expansion. 

Based on product type, the market is split into stationary EEG devices and portable EEG devices. In terms of application spectrum, the industry is divided into trauma & surgery, anesthesia monitoring, sleep monitoring, disease diagnosis, and others. 

With respect to end-user ambit, the marketplace is classified into research laboratories, ambulatory surgical centers (ASCs), hospitals, diagnostic centers, and others. 

Additionally, the market is assessed across various regions, including North America, Europe, and Asia Pacific, to understand the reach as well as to give a clear indication about promising avenues for future investors as well as new entrants.

The notable players in worldwide electroencephalography devices (EEG) market include Nihon Kohden Corporation, Cadwell Industries, Inc., NeuroWave Systems, Inc., Compumedics Limited, Saint Louis University (SLU), Elmiko Medical Sp.z o.o., Neuroelectrics Barcelona SL, Koninklijke Philips N.V., Natus Medical Incorporated, and Medtronic plc among others.