Market Overview
The Epilepsy Devices Market share was assessed at USD 1.3 billion in 2021 and is expected to expand from USD 1.4 billion in 2022 to USD 2.6 billion by 2030, with a compound annual growth rate (CAGR) of 9.20% during the forecast period (2022- 2030). The rising occurrence and prevalence of epilepsy, growing preference for ambulatory healthcare and increased use of wearable technology, growing demand for constant monitoring, and rise in awareness of neurodegenerative disorders, such as epilepsy, are all contributing to the market's growth. However, the high cost of complicated epilepsy monitoring procedures and devices, as well as unfavorable reimbursement policies, are limiting market growth.
Epilepsy is a chronic neurological condition characterized by unprovoked seizures, which are undetected episodes of unmanageable movement involving a portion or the entire body. The cause of epilepsy, on the other hand, is unknown. In some people, epilepsy is caused by strokes, trauma, brain tumors, infections, or birth defects. General practitioners are more likely to see patients with epilepsy in their daily practice because the situation is more common in children than in adults. Blood tests such as complete blood counts, magnetic resonance imaging (MRI), computed tomography scanning (CT), and electroencephalograms (EEG) are used to diagnose epilepsy depending on the symptoms. The therapeutic devices offer epilepsy patients new treatment options.
Epilepsy is becoming more common in the elderly population, as are brain injuries from car accidents, a large patient pool suffering from neurological diseases, and increased research funding in epilepsy.
Hospitals & Clinics, Forensic and Pharmaceutical Production are the three end-user segments in the Epilepsy Equipment market. Hospitals and Clinics had the highest revenue share among these in 2020. In hospitals and clinics, EEG monitoring and emergency services are most frequently used. The industry is expected to provide significant opportunities, especially in developing countries.
Epilepsy accounts for a large proportion of the global disease burden, according to the World Health Organization (WHO). This disorder affects more than 50 million people worldwide. At any given time, between 4 and 10 people in the general population have active epilepsy. However, a few studies in low- and middle-income countries suggest that the number is higher, ranging between 7 and 15 per 1,000 people, resulting in a widespread neurological disease. As a result, the global epilepsy tracking devices market is growing.
Market Segmentation
By Product Outlook
- Conventional Devices
- Wearable Devices
- Deep Brain Stimulation Devices
- Monitoring Devices
- EEG Devices
- Standard EEG
- Video EEG
- Others/Ambulatory EEG
- EMG Devices
- MEG Devices
- Other Monitoring Devices
By End-Users Outlook
- Clinics
- Hospitals
- Home Care Settings
- Other End Users
By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Regional Classification
In the year 2021, the Epilepsy Devices market insights in North America accounted for the largest market. North America is expected to dominate the Epilepsy Equipment market over the forecast period. The large number of companies operating in the area, regulatory changes, and healthcare costs are all contributing factors.
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