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Epilepsy Monitoring Device Market (Product - Conventional Devices, and Wearable Devices; End User - Clinics, Hospitals, Home Care Settings, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : January, 2020

  • Rep Id : HC0783

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Epilepsy Monitoring Device Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Epilepsy Monitoring Device Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Epilepsy Monitoring Device Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on epilepsy monitoring device market provides in-depth analysis of segments and sub-segments in the global as well as regional epilepsy monitoring device market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional epilepsy monitoring device market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global epilepsy monitoring device market. According to the report, the global epilepsy monitoring device market is projected to grow at a CAGR of 7% over the forecast period of 2019-2025.

 

Market Insight

Epilepsy monitoring device is used to diagnose brain abnormities through different devices. According to the centers for disease control and prevention, about 3.4 million Americans, including 470,000 children live with epilepsy. On the other hand, according to the National Health Institute, about 35 % don’t respond to medication to control seizures. Thereby, many devices have been launched in the last decades such as mHealth wearable, SmartWatch Inspyre™ for the Apple Watch. mHealth wearable is used for tracking epileptic seizures and alerts the care teams. This improves the safety of the patient.

 

There are new and advanced seizure detection devices that are being introduced in the market can increase the growth of the market at a significant rate. For instance, in 2018, Smart Monitor had launched the SmartWatch Inspyre™ for the Apple Watch, which uses a unique algorithm to recognize repetitive shaking movements of the body and sends alert to the family members as well as caregivers. On another hand, according to the Mayo Foundation for Medical Education and Research (MFMER), the patient suffering from epilepsy disorder can be controlled by the medication or the surgery while some people require lifelong treatment to control seizures. Therefore, this factor enhances the growth of this market. Increasing government funding in the development of the new trends for epilepsy treatment drives the growth of the market. Furthermore, genetic factors account for around 30 % of the causes in patients with epilepsy, which can propel the growth of the market. However, the high cost associated with the device can be one of the major restraints to the market. Moreover, many companies focusing on the development of the new devices as well as getting FDA approval can offer favorable opportunities in this market.

 

Based on the region, the global epilepsy monitoring device market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. Among all, North America holds the highest market share in this market due to the availability of advanced healthcare facilities as well as the presence of well-established healthcare infrastructure. In addition, the average incidence of epilepsy each year in the U.S is estimated at 150,000 or 48 for every 100,000 people. Thereby, the growing prevalence of epilepsy in the U.S can be another factor propelling the growth of this market in this region. On the other hand, Asia Pacific is the fastest-growing region in this market due to the presence of a large population with prevalence.

 

Segment Covered

The report on the global epilepsy monitoring device market covers segments such as product, and end user. On the basis of product, the sub-markets include conventional devices, and wearable devices. On the basis of end user, the sub-markets include clinics, hospitals, home care settings, and other end users.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Medtronic plc, Koninklijke Philips N.V., Natus Medical Incorporated, Nihon Kohden Corporation, LivaNova, PLC, St. Jude Medical, Inc., Empatica Inc., and Boston Scientific Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of epilepsy monitoring device market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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