Canada Electroencephalography Devices Market Size & Outlook
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Canada electroencephalography devices market highlights
- The Canada electroencephalography devices market generated a revenue of USD 82.7 million in 2023 and is expected to reach USD 160.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, 32-channel eeg was the largest revenue generating product in 2023.
- Multichannel EEG is the most lucrative product segment registering the fastest growth during the forecast period.
Electroencephalography devices market data book summary
| Market revenue in 2023 | USD 82.7 million |
| Market revenue in 2030 | USD 160.3 million |
| Growth rate | 10.1% (CAGR from 2024 to 2030) |
| Largest segment | 32-channel eeg |
| Fastest growing segment | Multichannel EEG |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG, Multichannel EEG |
| Key market players worldwide | Natus Medical, Medtronic PLC, Nihon Kohden Corp, Brain Products, Philips, AMS Micromedical, Emotiv, ANT Neuro, Lifelines Neuro, Cadwell Laboratories, EB Neuro, The Magstim Company, Compumedics |
Other key industry trends
- In terms of revenue, Canada accounted for 6.8% of the global electroencephalography devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. electroencephalography devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 695.1 million by 2030.
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Electroencephalography Devices Market Scope
Electroencephalography Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lifelines Neuro | View profile | 11-50 | Louisville, Kentucky, United States, North America | https://www.lifelinesneuro.com/ |
| ANT Neuro | View profile | 11-50 | Hengelo, Overijssel, The Netherlands, Europe | http://ant-neuro.com |
| EB Neuro | View profile | 101-250 | Florence, Toscana, Italy, Europe | http://www.ebneuro.com/en/ |
| The Magstim Company | View profile | 101-250 | Whitland, Carmarthenshire, United Kingdom, Europe | https://www.magstim.com/ |
| Compumedics | View profile | 101-250 | Victoria, British Columbia, Canada, North America | http://www.compumedics.com.au |
| Cadwell Laboratories | View profile | 51-100 | Kennewick, Washington, United States, North America | https://www.cadwell.com |
| Philips | View profile | 10001+ | Amsterdam, Noord-Holland, The Netherlands, Europe | https://www.usa.philips.com |
| Natus Medical | View profile | 1001-5000 | San Carlos, California, United States, North America | http://www.natus.com |
| AMS Micromedical | View profile | 11-50 | Sparta, Wisconsin, United States, North America | https://www.amsmicromedical.com |
| Brain Products | View profile | 101-250 | Gilching, Bayern, Germany, Europe | https://www.brainproducts.com/ |
| Emotiv | View profile | 51-100 | San Francisco, California, United States, North America | http://emotiv.com |
| Nihon Kohden Corp | View profile | 6325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | http://www.nihonkohden.co.jp |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Canada electroencephalography devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electroencephalography devices market will help companies and investors design strategic landscapes.
32-channel eeg was the largest segment with a revenue share of 30.59% in 2023. Horizon Databook has segmented the Canada electroencephalography devices market based on 8-channel eeg, 21-channel eeg, 25-channel eeg, 32-channel eeg, 40-channel eeg, multichannel eeg covering the revenue growth of each sub-segment from 2018 to 2030.
The market for electroencephalography devices in the country is majorly captured by global players. The companies are launching various innovative products in the market to stay competitive. Moreover, growing number of reimbursement policies and initiatives to provide neurological care in the region is expected to boost the market demand.
Some government organizations, in association with the Canadian Neurological Sciences Federation, a federally funded organization, are taking steps to accelerate the development, adaptation, and efficient use of brain monitoring technologies in the country.
For instance, in April 2021, the Brain Canada Foundation awarded funding of USD 4,275,000 under the 2019 Platform Support Grant (PSG) to Dr. Yves De Koninck, a scientist, and his team for the Canadian Optogenetics and Vectorology Foundry to support research activities related to the brain.
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Our clientele includes a mix of electroencephalography devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada electroencephalography devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada electroencephalography devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada electroencephalography devices market size, by product, 2018-2030 (US$M)
Canada Electroencephalography Devices Market Outlook Share, 2023 & 2030 (US$M)
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