EEG Devices Market to Reach USD 2.0 Billion by 2031, Growing at 7.3% CAGR Driven by Rising Neurological Disorder Cases

The Global EEG (Electroencephalography) Devices Market is on a steady upward trajectory, driven by rising neurological disorder prevalence, expanding research activities, and rapid technological innovation. According to a comprehensive market analysis by The Insight Partners, the EEG devices market, valued at USD 1.13 billion in 2023, is projected to reach USD 2.0 billion by 2031, registering a compound annual growth rate (CAGR) of 7.3% over the forecast period from 2023 to 2031.

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Understanding EEG Devices and Their Importance: EEG Devices are critical diagnostic tools used to measure and record the electrical activity of the brain. They play an essential role in detecting and monitoring a wide range of neurological conditions including epilepsy, brain tumors, sleep disorders, head trauma, and dementia. As the medical community deepens its understanding of the human brain, the demand for sophisticated, accurate, and portable EEG systems continues to grow.

Global Top Key Players:

• Brain Products GmbH
• Cognionics, Inc.
• Wearable Sensing
• Neuroelectrics
• ANT Neuro
• Mitsar Co. Ltd.
• Neurosky
• Biosemi
• Advanced Brain Monitoring, Inc.
• EMOTIV
• MUSE
• Koninklijke Philips N.V.
• Bitbrain Technologies

Key Market Drivers:

One of the most significant factors fueling growth in the EEG devices market is the rising incidence of neurological disorders worldwide. Stroke, in particular, represents a major public health challenge. In the United States alone, approximately 795,000 people experience a stroke every year, with roughly 610,000 of those being first-time occurrences, according to data from the Centers for Disease Control and Prevention. Similarly, India has seen stroke incidence nearly double over recent decades, with around 1.8 million people affected annually.

Beyond stroke, the growing global geriatric population is a key contributor to market expansion. Older individuals are inherently more susceptible to neurological deterioration, making EEG monitoring vital for timely diagnosis and intervention. As life expectancy increases globally, so too does the demand for effective neurology diagnostic tools. Mental health is also emerging as a significant growth opportunity. Approximately one in five adults in the United States lives with some form of mental illness. Researchers are increasingly exploring the application of EEG technology in combination with machine learning algorithms to detect and diagnose mental health disorders through brain activity analysis — an advancement that could considerably broaden the market scope.

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Market Segmentation Highlights:

The EEG devices market is segmented by product type, application, device type, and end user. In terms of product, the 32-channel EEG segment commanded the largest market share in 2023, owing to its widespread clinical utility and diagnostic precision. By application, the brain tumor segment led the market, reflecting the critical need for EEG monitoring in oncological neurology. Standalone devices dominated the device type segment, while hospitals and clinics held the largest share among end users, underscoring the central role of clinical settings in EEG adoption.

Regional Outlook:

North America dominated the EEG devices market in 2023, backed by high neurological disorder rates, strong healthcare infrastructure, and the presence of leading market players. The region's inclination toward teleradiology and remote monitoring services further reinforces its leadership position. Meanwhile, the Asia Pacific region is expected to register the highest CAGR throughout the forecast period. Rapid advancements in healthcare technology, increased R&D investment, and a surge in telehealth adoption — accelerated during the COVID-19 pandemic — have collectively created fertile ground for EEG market growth across countries like China, India, and Japan.

Conclusion:

The EEG devices market is poised for consistent and meaningful growth through 2031. With technological innovation, increasing neurological disease burden, and expanding applications in mental health diagnostics, EEG devices are transitioning from purely clinical tools to versatile platforms serving research, remote monitoring, and beyond. Stakeholders across the healthcare ecosystem are well-positioned to benefit from this dynamic and evolving market.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients get solutions to their research requirements through our syndicated and consulting research services. We specialize in semiconductor and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, and chemicals and materials.

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