United State – Global Epilepsy Devices Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Epilepsy Devices market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global epilepsy devices market size was US$ 588.9 million in 2021. The global epilepsy devices market is forecast to grow to US$ 1113.9 million by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Epilepsy is a type of chronic neurological disorder. Its symptoms include repeated unprovoked seizures, which are characterized by unnoticed episodes of uncontrollable movement affecting a part of the body. Strokes, brain tumors, infections, head injuries, birth defects in some persons can result in epilepsy. Apart from that, various 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 of the disorder.
Factors Influencing the Market
The rising prevalence of epilepsy will primarily drive the growth of epilepsy devices for effective treatment. World Health Organization (WHO) data indicates that nearly 50 million people globally are suffering from epilepsy. Thus, the high prevalence of epilepsy will fuel the growth of the overall epilepsy devices market during the forecast period.
Epilepsy requires continuous monitoring of the patients. Thus, the high need for advanced devices in the treatment of epilepsy will fuel the growth of the overall market. In addition to that, rising healthcare expenditure will also contribute to the growth of the global epilepsy devices market during the analysis period.
Technological improvements in the industry will also offer lucrative growth opportunities for the global epilepsy devices market during the forecast timeframe. On the flip side, the lack of efficient healthcare facilities may limit the market growth during the study period.
Regional Analysis
North America is forecast to hold the highest share in the global epilepsy devices market, owing to the large number of businesses operating in the region. Furthermore, support from governments is expected to play a crucial role in driving the market forward. The global epilepsy market will also record notable growth due to rising healthcare expenditure and the growing prevalence of diseases in the region.
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COVID-19 Impact Analysis
Healthcare institutions all across the world have been overrun by the massive number of COVID-19 patients. Thus, it posed tremendous pressure on the epilepsy devices market. Other items and services that were not essential to the COVID-19 response operations were cancelled or postponed. To lower the danger of exposure to doctors, employees, and patients, a wide range of hospitals temporarily cancelled elective neurology treatments. Thus, it negatively affected the epilepsy devices market.
Competitors in the Market
? Boston Scientific Corporation
? Medpage Ltd. (Easylink UK)
? Cerbomed GmbH (TVNS Technologies GmbH)
? Liva Nova (Cyberonics)
? Compumedics
? Nihon Kohden
? MC10
? Empatica Inc
? Medtronic Plc
? Neuropace Inc
? Other Prominent Players
Market Segmentation
The global epilepsy devices market segmentation focuses on Product, End-User, and Region.
By Product
? Wearable Devices
? Conventional Devices
o Deep Brain Stimulation Devices
o Monitoring Devices
�?� EEG Devices
? Standard EEG
? Video EEG
? Others/Ambulatory EEG
�?� EMG Devices
�?� MEG Devices
�?� Other Monitoring Devices
By End-User
? Hospitals
? Ambulatory Surgery Centers & Clinics
? Neurology Centres
? Diagnostic Centres
? Home Care Settings
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
Key questions answered in the global Epilepsy Devices market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Epilepsy Devices market over the forecast period?
- What are the factors driving and restraining the market for Epilepsy Devices?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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