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EEG and EMG Devices Market to Grow by USD 793.5 Million (2024-2028) as Rising Neurological Conditions Drive Demand, AI Impact on Market Trends – Technavio Report

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global EEG and EMG devices market size is estimated to grow by USD 793.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.84%  during the forecast period. Increasing prevalence of neurological conditions is driving market growth, with a trend towards increasing popularity of hybrid brain-computer interface techniques. However, high costs associated with EEG and EMG procedures  poses a challenge. Key market players include Advanced Brain Monitoring Inc., Allengers Medical Systems Ltd., Ambu AS, Bio Signal Group Corp., BioSerenity, Brain Scientific Inc., BrainScope Co. Inc., Cadwell Industries Inc., Ceribell Inc., Compumedics Ltd., Contec Medical Systems Co. Ltd., DEYMED Diagnostic sro, General Electric Co., iMediSync Inc., Koninklijke Philips N.V., Masimo Corp., mBrainTrain LLC, Medtronic Plc, Micromed SpA, Natus Medical Inc., NeuroWave Systems Inc., Nihon Kohden Corp., Noraxon USA Inc., and Zeto Inc..

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Eeg And Emg Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.84%

Market growth 2024-2028

USD 793.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.12

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 39%

Key countries

US, Germany, Japan, France, and UK

Key companies profiled

Advanced Brain Monitoring Inc., Allengers Medical Systems Ltd., Ambu AS, Bio Signal Group Corp., BioSerenity, Brain Scientific Inc., BrainScope Co. Inc., Cadwell Industries Inc., Ceribell Inc., Compumedics Ltd., Contec Medical Systems Co. Ltd., DEYMED Diagnostic sro, General Electric Co., iMediSync Inc., Koninklijke Philips N.V., Masimo Corp., mBrainTrain LLC, Medtronic Plc, Micromed SpA, Natus Medical Inc., NeuroWave Systems Inc., Nihon Kohden Corp., Noraxon USA Inc., and Zeto Inc.

Market Driver

The hybrid brain-computer interface (hBCI) market is witnessing significant growth due to the increasing demand for equipment combining multiple modalities in brain imaging and prosthesis control. Hybrid systems, such as EEG-EMG, EEG-EOG, and EEG-fNIRS, offer numerous benefits over single brain acquisition modalities. For instance, the combination of EEG and EMG increases the number of brain commands for control applications, enhances classification accuracy, and reduces signal detection time. EEG, known for its ease of use and fast temporal resolution, is frequently used with other brain/non-brain signal acquisition modalities. Applications of EEG-EOG-based brain-computer interfaces include drowsiness detection, wheelchair control, and ocular artifact removal from EEG data. EOG increases the number of commands and removes artifacts for improved accuracy, while EEG removes motion artifacts and enhances classification accuracy. EEG-EMG combinations have been used for tetraplegic patients, artificial arm control for above-knee amputees, and determining muscle fatigue levels. EEG-fNIRS interfaces enable paralyzed patients to communicate and control external devices using their brain functions. EEG-fNIRS enhances classification accuracy and increases the number of control commands for brain-computer interface systems. EEG-NIRS is also gaining prominence as it can simultaneously decode electrical and hemodynamic brain activities. EEG-MEG modalities provide dynamic information, which can determine the precise definition of cognitive processes’ timing and location. For example, EEG-MEG hybrids can be used for non-invasive dynamic imaging of the epileptic brain to improve seizure understanding. The various advantages of hBCI over single modality brain-computer interfaces are driving their popularity in the global EEG and EMG devices market, fueling its growth during the forecast period. 

The EEG and EMG devices market is witnessing significant growth due to the increasing demand for brainwave monitoring devices. Minimally invasive techniques using software for analyzing brain function, cognition, and sensory processing are trending. However, disturbances from surroundings can affect the accuracy of readings. Surface electrodes are commonly used in EEG and sEMG, which measure brain waves and human muscle biopotentials respectively. Neurological disorders like migraines, Alzheimer’s disease, multiple sclerosis, Parkinson’s disease, epilepsy, and sleeping disorders are driving the market. Flexible headbands, such as the Dreem headband, offer comfort for long-term use. Neurophysiology equipment includes EEG and EMG devices with electrodes, amplifiers, filters, and computer interfaces for analyzing brain wave patterns. Cloud devices enable remote monitoring and access to data. Conditions like seizures, head injuries, dizziness, headaches, and brain tumors are also being addressed by these devices.

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Market Challenges

The global EEG and EMG devices market faces significant challenges due to the high costs associated with these neurodiagnostic tools and related procedures. In healthcare, a substantial portion of the budget goes towards manufacturing costs, including plant, machinery, and raw materials. These expenses can hinder the growth of the healthcare equipment market, including the EEG and EMG market. EEG and EMG devices are primarily utilized for neurodiagnostic purposes, yet their high costs can burden end-users and patients. For example, the cost of an EEG headset ranges from USD100 to USD25,000, depending on the number of channels. An EEG headset with 5-14 channels costs between USD100 and USD1,000, while one with 64 channels can cost up to USD25,000. Additional expenses for end-users include preventative maintenance, parts, labor, and technician salaries. Furthermore, the high cost of EEG and EMG procedures can limit their use in developing countries. A standard EEG procedure costs between USD200 and USD700 for patients without insurance, while extended EEGs can cost USD1,000USD3,000 or more. EMG procedures cost USD150USD500 per extremity, with additional costs for hospital stays, facilities, and physician and staff fees. The cost of these procedures varies depending on the hospital setting and healthcare infrastructure. These high costs can hinder the adoption of EEG and EMG devices and procedures, particularly in developing countries. As a result, the global EEG and EMG devices market may experience limited growth during the forecast period.The Electroencephalography (EEG) and Electromyography (EMG) devices market faces several challenges in diagnosing neurological disorders. Skeletal muscles and their electrical activity, as measured by EMG, can interfere with EEG signals from the brain. Cables and signal amplifiers must be carefully managed to minimize interference. Neurological disorders in pediatric and geriatric populations require minimally invasive procedures, making portable EEG machines essential. The coronavirus disease has increased demand for remote diagnostic procedures. EEG and EMG devices must accurately capture electrical impulses from the brain and muscles, even during sleep disorders or muscle disorders like dystrophy, polymyositis, or myasthenia gravis. Real-time review and daily reporting are crucial for effective diagnosis and preventive care. However, challenges include sampling errors, poor spatial resolution, and interference from electrical impulses in muscles. Automatic data backfill and complete data sets are necessary for accurate diagnosis. Brain infections and strokes, as well as motor neuron disorders like amyotrophic lateral sclerosis, require precise diagnosis using EEG and EMG. Wearable devices and computer software are essential for capturing EEG data and providing real-time review, but they must be reliable and accurate. Photic flash and other diagnostic procedures require careful calibration and interpretation. DBMD and other diagnostic tools must be user-friendly and adaptable to various patient populations and conditions.

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Segment Overview

This eeg and emg devices market report extensively covers market segmentation by  

Product 1.1 EEG devices1.2 EMG devicesModality 2.1 Standalone2.2 PortableGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 EEG devices-  The EEG and EMG devices market refers to the industry that produces and sells Electroencephalography (EEG) and Electromyography (EMG) equipment. These devices measure and record electrical activity in the brain (EEG) and muscles (EMG). They are used in various applications, including clinical diagnosis, research, and neurofeedback therapy. The market is driven by factors such as increasing prevalence of neurological disorders, technological advancements, and growing demand for non-invasive diagnostic tools. Companies in this market include Natus Medical, Neurotechnology, and Compumedics Limited.

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Research Analysis

Electroencephalogram (EEG) equipment is utilized for recording the electrical activity of the brain through electrodes placed on the scalp. Amplifiers and filters are essential components that process and enhance the electrical signals. Brain wave patterns, such as alpha, beta, theta, and delta, are identified and analyzed for various diagnostic procedures, including seizures, strokes, encephalopathy, and sleep disorders. A computer or cloud device processes the data in real-time, providing complete data sets with automatic backfill and daily reporting. EEG data capture involves measuring electrical impulses from the brain, while Electromyography (EMG) records muscle activity and electrical signals from motor neurons. Minimally invasive EEG and EMG devices offer enhanced patient comfort and accuracy. Brainwave monitoring devices provide valuable insights into the functioning of the brain and muscles, contributing significantly to healthcare and research.

Market Research Overview

Electroencephalogram (EEG) equipment is used to record electrical activity directly from the brain. The system includes electrodes, amplifiers, filters, and a computer or cloud device for data analysis. EEG is valuable in diagnosing conditions such as seizures, epilepsy, head injuries, dizziness, and headaches, as well as brain tumors and sleeping disorders. Electromyography (EMG) equipment, another neurodiagnostic tool, measures electrical activity from skeletal muscles, aiding in the diagnosis of neurological disorders like strokes, brain damage, encephalopathy, and various muscle disorders such as dystrophy, polymyositis, and myasthenia gravis. Both EEG and EMG involve electrical impulses and signal amplification, with devices ranging from minimally invasive to portable and wearable. Conditions like narcolepsy, brain infection, and coronavirus disease can also be assessed using these technologies. Preventive care and real-time review are essential features of modern EEG and EMG systems, ensuring complete data sets for accurate diagnosis and daily reporting.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductEEG DevicesEMG DevicesModalityStandalonePortableGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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365 Retail Markets Strengthens Leadership Team with Key Hires

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Announcement Comes as Two Long-Time Executives Retire

TROY, Mich., Dec. 26, 2024 /PRNewswire/ — 365 Retail Markets, the global leader in unattended retail technologies, today announced the appointment of Anton Rakushkin as Chief Technology Officer and Bill Reidy as VP of Sales for North America. These strategic hires come as two long-time leaders, Joe Rogan and John Chidiac, retire after years of dedicated service to the company.

365 Retail Markets announces the appointment of Anton Rakushkin as CTO and Bill Reidy as VP of Sales- North America.

Rakushkin comes to 365 with twenty years of experience in retail technology including time with Streamware Corporation and Crane Connectivity Solutions. He holds impressive accomplishments in the areas of vending management, including the architecture of Vendmax, an extensively used VMS system across the industry. His achievements also include innovations around data exchange and tools for operator success such as industry-first pre-kit and dynamic scheduling features. Rakushkin has had notable success working closely with both customers and other solution providers to create widely adopted industry standards.

“I am excited to bring my experience to the world-class team at 365 and look forward to elevating their impressive accomplishments across the industry as well as extending that success to more opportunities. By understanding customer needs and providing solutions that will drive the industry forward, we will accomplish great things,” said Rakushkin.

Reidy joins 365 Retail Markets with over thirty years of experience in sales leadership and executive management. Throughout his career, he has successfully developed and grown businesses across various verticals and industries. Reidy has cultivated a deep understanding of the SaaS industry by advancing through prominent firms, including well-known players in the automotive technology space, such as KPA, Netsertive, and DealerMatch. During his time at vAuto, he designed highly effective sales and operations management processes and built a renowned national sales team.

When asked about his optimism around 365’s growth potential, Reidy noted, “I’m fortunate to be joining a well-established team at 365 Retail Markets, and I believe that through coaching and establishing the right processes, we can expand our opportunities immensely. I am looking forward to elevating the reach and success of this organization through the help of a world-class sales team.”

Joe Hessling, CEO at 365 Retail Markets, expressed his excitement about the leadership additions. “Bringing experts like Anton and Bill onto the team is essential to keep up with the intense growth we are seeing in our unattended retail business. We have heard for years that the market is tired of the lack of investment by the legacy VMS providers and the lack of consumer-focused features from the me-too payment terminal providers.  Anton and Bill will be focused on being sure 365 remains the global leader for decades to come.”

Joe Rogan retires after 10 years with 365. While currently serving as Chief Strategy Officer, he has previously served as Chief Financial Officer and an early advisor and Board Member helping define nearly every successful initiative in the company’s history.  Joe will be missed greatly by his industry colleagues and friends at 365 but will remain in an advisory role in his retirement.

John Chidiac’s decade of service to 365 comes with many accomplishments in roles as Chief Operating Officer and later as President of International, spearheading international growth. His dedication to 365 has positioned the long-term success internationally and his relationships with many in the industry has gained him immense respect among his peers and colleagues.

Hessling acknowledged their contributions, stating, “I would like to thank both Joe and John for helping me turn 365 into what it is today.  Taking the leap to join over 10 years ago was a risk neither had to take and their impact on 365, me, and the industry has been something that most don’t ever get the chance to do in their careers.  I will miss working with them both but am happy for them in their next stage of life.”

Both retirements are effective December 31, 2024 and 365 Retail Markets thanks both individuals for their incredible dedication and commitment to the organization and industry.

CONTACT:       
Navreet Gill
VP of Marketing & Communications, 365 Retail Markets
navreet.gill@365smartshop.com

About 365 Retail Markets
365 Retail Markets is the global leader in unattended retail technology. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the company’s technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, hospitality settings and more, in order to provide compelling foodservice options for consumers. 365’s technology solutions include a growing suite of frictionless smart stores, micro markets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding.  

For more information about 365 Retail Markets, visit www.365retailmarkets.com and connect on Facebook, Twitter, YouTube, and LinkedIn.

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SOURCE 365 Retail Markets, LLC

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The Inner Circle acknowledges, Tane Remington as a Pinnacle Professional Member

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LIVERMORE, Calif., Dec. 26, 2024 /PRNewswire/ — Prominently featured in The Inner Circle, Tane Remington is acknowledged as a Pinnacle Professional Member Inner Circle of Excellence for her contributions at the Forefront of Innovation in Physics & Engineering.               

Dr. Tane Remington, a trailblazer in the fields of physics, engineering, and materials science, continues to drive forward technological innovation as the co-founder and Chief Scientific Officer of Maelstrom Water Technologies. With a profound commitment to advancing environmental sustainability through cutting-edge research and development, Dr. Remington has established herself as a visionary leader in the industry.

Dr. Remington’s journey into the realm of scientific discovery began with a Bachelor of Science in Engineering, laying a solid foundation for her academic pursuits at Swarthmore College. At the University of California, San Diego. Here, she earned a Master of Science in Materials Science and Engineering, followed by a PhD in Mechanical and Aerospace Engineering, completing her education in 2015. Her academic achievements underscore her deep expertise and dedication to pushing the boundaries of scientific exploration.

Throughout her illustrious career spanning over a decade, Dr. Remington has amassed multiple pending patents and has actively contributed to pioneering research initiatives. Her seminal works, including groundbreaking articles on Numerical Simulations of Laboratory-Scale Hypervelocity-Impact Experiments for Asteroid-Deflection Code Validation and Deformation and failure in extreme regimes by high-energy pulsed lasers, highlight her pivotal role in advancing the frontiers of science and technology.

An active member of the American Physical Society, Dr. Remington remains committed to fostering collaborative partnerships and driving impactful change within her field. Her contributions have not only garnered acclaim but have also set new standards for innovation and excellence in physics and engineering.

Beyond her professional achievements, Dr. Remington attributes much of her success to the support of her family and peers, expressing gratitude to “all the dreamers” who have inspired and motivated her throughout her journey.

Looking ahead, Dr. Remington envisions a future marked by continued growth and success in her pursuit of environmental sustainability through technological advancement. Her unwavering commitment to innovation and scientific inquiry positions her as a catalyst for positive change in the global landscape of physics and engineering.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

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SOURCE The Inner Circle

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The Inner Circle acknowledges, Donald B. Olson as a Pinnacle Life Achiever

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MIAMI, Dec. 26, 2024 /PRNewswire/ — Prominently featured in The Inner Circle, Donald B. Olson is acknowledged as a Pinnacle Life Achiever for his contributions in Leading Oceanography and Marine Science Innovator.

Dr. Donald B. Olson has established himself as a prominent figure in oceanography, marine, and atmospheric science over his illustrious 50-year career. Currently a professor at the University of Miami’s Rosenstiel School of Marine and Atmospheric Science since 1979, Dr. Olson’s contributions span across education, research, and international collaboration.

Dr. Olson’s academic journey began with a Bachelor of Science degree from the University of Wyoming in 1974, followed by both a Master of Science and a Doctor of Philosophy from Texas A&M University in 1976 and 1979, respectively. His early academic achievements paved the way for a distinguished career focused on advancing our understanding of oceanographic systems and their impact on marine ecosystems.

Throughout his career, Dr. Olson has been instrumental in fostering educational opportunities in South American oceanographic programs. He served as visiting faculty at the University of Buenos Aires and the University of Sao Paulo, pioneering graduate courses in physical oceanography tailored for fisheries and climate studies across Latin America. Additionally, Dr. Olson led a groundbreaking summer program on biophysical interactions in collaboration with Massachusetts Institute of Technology, supported by funding from the U.S. Navy to enhance biophysical models of the ocean.

Dr. Olson’s expertise spans multiple disciplines within oceanography, including marine ecosystem ecology, mesoscale oceanography, and mathematical physiology. He is a member of prestigious scientific organizations such as the American Meteorological Society, American Geophysical Union, American Association for the Advancement of Science, Oceanographic Society, and American Fisheries Society, reflecting his influence and recognition in the field.

His prolific research has garnered numerous grants from institutions like the Office of Naval Research, the National Science Foundation, and NASA. Dr. Olson’s work is widely published, with over 150 articles in scholarly journals and contributions to various book chapters. He has also served as an associate editor for Oceanography magazine, the Journal of Marine Research, and as editor of Geophysical Research Letters-Oceans.

Recognized for his outstanding contributions, Dr. Olson received the Distinguished Alumni Award from the University of Wyoming, celebrating his impact on oceanographic research and education. Looking ahead, Dr. Olson remains committed to advancing oceanographic knowledge, fostering international collaborations, and mentoring future generations of scientists in the field.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

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SOURCE The Inner Circle

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