What is the current size and annual growth rate of the wearable electroencephalogram (eeg) device market?
The wearable electroencephalogram (EEG) device market size has grown rapidly in recent years. It will grow from $1.32 billion in 2024 to $1.49 billion in 2025 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increasing awareness of neurological disorders, growing demand for personalized healthcare, rising adoption of neurofeedback therapies, expanding applications in cognitive and mental health research, and increasing government funding.
The wearable electroencephalogram (EEG) device market size is expected to see rapid growth in the next few years. It will grow to $2.41 billion in 2029 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to increasing demand for non-invasive monitoring, increasing prevalence of mental health issues, growth in remote patient monitoring, increasing disposable incomes, and rising demand for solutions for portable brain monitoring. Major trends in the forecast period include integration of artificial intelligence for enhanced data interpretation, adoption of EEG technology in mental health and cognitive training applications, development of more compact and comfortable devices, advancements in real-time brain activity monitoring, and expansion of data security and privacy features.
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Which major factors have contributed to the expansion of the wearable electroencephalogram (eeg) device market?
Increasing mental health awareness is expected to propel the growth of the wearable electroencephalogram (EEG) device market going forward. The increasing awareness of mental health is driven by a combination of factors, including heightened media coverage, educational initiatives, advocacy from mental health organizations, and a growing recognition of the impact of mental well-being on overall health. Wearable EEG devices aid in managing and monitoring mental health conditions by providing data for personalized treatment and supporting therapies such as biofeedback and neurofeedback. For instance, in April 2024, according to the white paper published by FAIR Health Inc., a US-based health organization, the percentage of patients with mental health diagnoses in the US increased from 17.9% in 2022 to 18.9% in 2023. Therefore, increasing mental health awareness is driving the wearable electroencephalogram (EEG) device market.
How is the wearable electroencephalogram (eeg) device market segmented?
The wearable electroencephalogram (EEG) device market covered in this report is segmented –
1) By Type: Battery; Charge
2) By Channel Type: 5-Channel Type; 14-Channel Type; 32-Channel Type; Other Channel Types
3) By Application: Hospitals And Clinics; Neurology Centers; Research And Academics; Other Applications
Subsegments:
1) Battery: Rechargeable Battery EEG Devices; Non-Rechargeable Battery EEG Devices; Lithium-Ion Battery EEG Devices
2) Charge: Wired Charging EEG Devices; Wireless Charging EEG Devices; Quick Charge EEG Devices
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Who are the top competitors in the wearable electroencephalogram (eeg) device market?
Major companies operating in the wearable electroencephalogram (EEG) device market areBrain Products GmbH, EMOTIV Inc., BrainCo Inc., BioSemi B.V., NeuroSky Inc., Beacon Biosignals Inc., Neurable Inc., Advanced Brain Monitoring Inc., Elemind Technologies Inc., Muse, OpenBCI Inc., Brainbit Inc., Wearable Sensing, MyndPlay Ltd., Epitel Inc., Mentalab, Cogwear LLC, AAVAA Inc., NEEURO PTE LTD., Nexstem India Private Limited, Pankhtech India Private Limited
What major trends will shape the wearable electroencephalogram (eeg) device market during the forecast period?
Major companies operating in the wearable electroencephalogram (EEG) device market are focused on integrating brainwave monitoring algorithms, such as acoustic stimulation, to offer non-invasive treatment options for brain monitoring. Acoustic stimulation in headphones uses sound waves or vibrations to enhance therapeutic effects, complementing electrical stimulation for improved neurological or psychological outcomes. For instance, in June 2024, Elemind Technologies, Inc., a US-based neurotechnology company, launched a headband. This sleep headband offers real-time brainwave monitoring to enhance sleep quality, helping users fall asleep up to 74% faster. It utilizes AI-driven algorithms to deliver personalized acoustic stimulation, transitioning brainwaves from wakefulness to sleep. The device syncs with a smartphone app, providing detailed insights on sleep duration, efficiency, and stages. Over time, the system adapts to individual sleep patterns, continuously improving its effectiveness.
Which regional trends are influencing the wearable electroencephalogram (eeg) device market, and which area dominates the industry?
North America was the largest region in the wearable electroencephalogram (EEG) device market in 2024. The regions covered in the wearable electroencephalogram (EEG) device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Wearable Electroencephalogram (EEG) Device Market Report 2025 Offer?
The wearable electroencephalogram (eeg) device market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A wearable electroencephalogram (EEG) device is a portable tool for capturing and recording brain electrical activity. It uses scalp-mounted electrodes to detect brainwave patterns, which are analyzed to assess neurological functions. These devices enable real-time brain activity monitoring, assisting in diagnosing and managing neurological disorders. They offer continuous, natural-setting data, providing a more complete view than traditional clinical EEG systems.
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