Next Phase of Growth in the Global EEG Devices Market to Come from Ambulatory Devices

Electroencephalography is used by medical professionals the world over to record and measure a brain’s electrical activities. EEG is instrumental in the diagnosis of mental and neural disorders such as Parkinson’s disease and epilepsy. EEG makes for one of the best medical technologies used to monitor brain functions, because it is cost-effective and noninvasive. A typical EEG setup comprises a computer with the relevant software, connecting wires, medical electrodes, amplifiers, and a display device. It is expected to be the primary medical device used for brain monitoring in the near future.

The global EEG devices market is expected to exhibit a CAGR of 6.80% between 2015 and 2021. The market was valued at US$879.0 mn in 2014. There is also evidence of rising levels of interest by investment bodies in the global EEG devices market, which is expected to create a surge in its growth in the near future. For now, the global EEG devices market thrives on the steady rate of use in the healthcare industry and constant research and development activities.

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Electroencephalography: A Potent Research Tool

While showing remarkable use in the healthcare industry, the global EEG devices market has also allowed other industries to take giant strides into the future. The most recent instance is the creation of a “cyborg roach” by a Chinese student. The student used an electronic kit that is small enough to be mounted on a cockroach’s back. The kit makes use of a headset that can control a cockroach’s mind using EEG to make it move in a certain direction. This could have potential use in traversing difficult terrains to obtain vital geographic data.

Project Touché was set up in early 2015. A part of the project included using EEG to measure the electrical activity in a human brain while the subject’s skin is brought into contact with various textile materials.

In another example, the Utah Valley University is currently conducting a research project to help local companies come up with better print and media advertising strategies using advanced tools. These tools include rapid galvanic skin response, eye tracking, and EEG machines to find out what a consumer looks for in an advertisement.

Electroencephalography was also used in a study where Japanese researchers attempted to understand the difference between human empathy for other humans and then towards robots. Adult volunteers were subjected to EEG while they were observing human and robotic hands in painful and non-painful situations.

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The global EEG devices market is set to witness improved growth rates in diagnostic fields. As an end-use segment, diagnostic centers are expected to progress at a 7.20% CAGR between 2015 and 2021. At the same time, Asia Pacific is expected – as a major region in the global EEG devices market – to contain a regional EEG devices market worth US$259.5 mn by 2021. This is expected to draw attention from international players of the global EEG devices market towards the developing economies of China and India.

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