Market Overview:
The global wearable EEG device market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable and easy-to-use devices, rising prevalence of neurological disorders, and growing awareness about the benefits of using wearable EEG devices. Based on type, the global wearable EEG device market is segmented into battery-powered and chargeable devices. The battery-powered segment is expected to account for a larger share of the market in 2018 owing to its portability and ease of use. However, the chargeable segment is projected to grow at a higher CAGR during the forecast period as it offers several advantages over battery-powered devices such as longer battery life and lower environmental impact. Based on application, hospitals are expected to account for a larger share of the global wearable EEG device market in 2018 due to rising demand for these devices from neurologists for diagnosing various neurological disorders.
Product Definition:
A wearable EEG device is a piece of technology that can be worn on the head in order to measure electrical activity in the brain. This activity can be used to track things like cognitive function, sleep quality, and seizure activity. The importance of wearable EEG devices lies in their ability to provide a more detailed look at brain function than traditional EEG tests. This information can help doctors diagnose and treat conditions like epilepsy, Alzheimer's disease, and depression.
Battery:
It is an essential part of any wearable medical device as it provides energy to the system and allows performing desired functions.
Wearable EEG systems are used by physicians at hospitals to record electrical activity of brain during different stages of sleep.
Charge:
The charge is the energy stored in a battery and it's used by the device to perform desired functions. In wearable EEG devices, it acts as an energy source for brain-computer interface (BCI) which helps in recording and monitoring brain activities. It also helps in analyzing epilepsy, Parkinson’s disease, Alzheimer’s disease & other neurological disorders.
Application Insights:
The hospital segment dominated the global wearable EEG device market in 2017. The application of brain activity monitors at hospitals has witnessed a rise due to rising awareness about diagnosing epilepsy and other neurological disorders early. Furthermore, an increase in the incidence of traumatic brain injuries and Alzheimer¢â‚¬â„¢s disease is expected to drive demand over the forecast period.
Pharmacy was one of the fastest-growing segments owing to increasing adoption for sleep disorder diagnosis, drug discovery, and improving patient compliance with medication schedules by using brain activity monitoring devices. In addition, these devices help pharmacists deliver better customer service by identifying customers who are likely to respond positively or negatively to different medicines based on their mental state during interaction with pharmacists or doctors. This helps improve medication adherence which further boosts growth prospects for this segment over the forecast period.
Regional Analysis:
North America dominated the global wearable EEG device market in 2017. The presence of well-established healthcare infrastructure, high disposable income, and increasing prevalence of sleep disorders are some factors responsible for its large share. Moreover, the growing adoption of technologically advanced medical devices is also expected to drive growth during the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to a rise in demand for better diagnosis and treatment options for neurological disorders coupled with improving healthcare facilities & infrastructure in emerging countries such as China and India. Furthermore, favorable government initiatives promoting research activities related to brain functioning are anticipated to fuel regional growth over next eight years.
Growth Factors:
- Increasing demand for early diagnosis and treatment of neurological disorders
- Growing awareness about the benefits of wearable EEG devices
- Rising prevalence of stress and anxiety disorders
- Technological advancements in wearable EEG devices
- Growing demand for personalized healthcare
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable EEG Device Market Research Report
By Type
Battery, Charge
By Application
Hospital, Pharmacy
By Companies
Emotiv, Neurosky, MUSE, Melon, Versus Headset, Melomind, IMEC, Mindo, Wearable Sensing, CUSOFT, Mattel, Macrotellect, Neorowear
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Wearable EEG Device Market Report Segments:
The global Wearable EEG Device market is segmented on the basis of:
Types
Battery, Charge
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Pharmacy
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emotiv
- Neurosky
- MUSE
- Melon
- Versus Headset
- Melomind
- IMEC
- Mindo
- Wearable Sensing
- CUSOFT
- Mattel
- Macrotellect
- Neorowear
Highlights of The Wearable EEG Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Battery
- Charge
- By Application:
- Hospital
- Pharmacy
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wearable EEG Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A wearable EEG device is a small, lightweight device that is worn on the head. It measures electrical activity in the brain and sends the data to a computer or other device. This information can help doctors diagnose medical conditions and treat patients.nnWearable EEG devices are used to monitor different types of seizures, including partial seizures (where part of the seizure occurs outside of awareness), generalized tonic-clonic seizures (grand mal seizures), and focal epilepsies (epilepsy with localized areas of abnormal brain activity). They are also used to study how different drugs affect mental health disorders such as schizophrenia and bipolar disorder.
Some of the major players in the wearable eeg device market are Emotiv, Neurosky, MUSE, Melon, Versus Headset, Melomind, IMEC, Mindo, Wearable Sensing, CUSOFT, Mattel, Macrotellect, Neorowear.
The wearable eeg device market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable EEG Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wearable EEG Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable EEG Device Market - Supply Chain
4.5. Global Wearable EEG Device Market Forecast
4.5.1. Wearable EEG Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable EEG Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable EEG Device Market Absolute $ Opportunity
5. Global Wearable EEG Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wearable EEG Device Market Size and Volume Forecast by Type
5.3.1. Battery
5.3.2. Charge
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable EEG Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wearable EEG Device Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Pharmacy
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable EEG Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wearable EEG Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wearable EEG Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wearable EEG Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wearable EEG Device Demand Share Forecast, 2019-2026
9. North America Wearable EEG Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wearable EEG Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wearable EEG Device Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Pharmacy
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable EEG Device Market Size and Volume Forecast by Type
9.7.1. Battery
9.7.2. Charge
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wearable EEG Device Demand Share Forecast, 2019-2026
10. Latin America Wearable EEG Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wearable EEG Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wearable EEG Device Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Pharmacy
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable EEG Device Market Size and Volume Forecast by Type
10.7.1. Battery
10.7.2. Charge
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wearable EEG Device Demand Share Forecast, 2019-2026
11. Europe Wearable EEG Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wearable EEG Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wearable EEG Device Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Pharmacy
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable EEG Device Market Size and Volume Forecast by Type
11.7.1. Battery
11.7.2. Charge
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potetial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wearable EEG Device Demand Share, 2019-2026
12. Asia Pacific Wearable EEG Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wearable EEG Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wearable EEG Device Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Pharmacy
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable EEG Device Market Size and Volume Forecast by Type
12.7.1. Battery
12.7.2. Charge
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wearable EEG Device Demand Share, 2019-2026
13. Middle East & Africa Wearable EEG Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wearable EEG Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wearable EEG Device Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Pharmacy
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable EEG Device Market Size and Volume Forecast by Type
13.7.1. Battery
13.7.2. Charge
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wearable EEG Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable EEG Device Market: Market Share Analysis
14.2. Wearable EEG Device Distributors and Customers
14.3. Wearable EEG Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emotiv
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Neurosky
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MUSE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Melon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Versus Headset
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Melomind
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IMEC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mindo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wearable Sensing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CUSOFT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mattel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Macrotellect
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Neorowear
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
