PUBLISHER: The Business Research Company | PRODUCT CODE: 1717357
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717357
A wearable electroencephalogram (EEG) device is a portable tool designed to capture and record brain electrical activity. It utilizes electrodes mounted on the scalp to detect brainwave patterns, which are then analyzed to evaluate neurological functions. These devices facilitate real-time monitoring of brain activity, aiding in the diagnosis and management of neurological disorders. They provide continuous data in natural settings, offering a more comprehensive view compared to traditional clinical EEG systems.
Wearable EEG devices primarily come in two types, battery-powered and rechargeable. Battery-powered EEG devices are valued for their portability and convenience, driven by advances in battery technology and the increasing demand for on-the-go monitoring. They are available in various configurations, such as 5-channel, 14-channel, 32-channel, and others, and are used in diverse settings including hospitals, clinics, neurology centers, research institutions, and more.
The wearable electroencephalogram (EEG) device market research report is one of a series of new reports from The Business Research Company that provides wearable electroencephalogram (EEG) device market statistics, including wearable electroencephalogram (EEG) device industry global market size, regional shares, competitors with a wearable electroencephalogram (EEG) device market share, detailed wearable electroencephalogram (EEG) device market segments, market trends, and opportunities, and any further data you may need to thrive in the wearable electroencephalogram (EEG) device industry. This wearable electroencephalogram (EEG) device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
The growing awareness of mental health is expected to drive the expansion of the wearable electroencephalogram (EEG) device market in the future. This increased awareness is fueled by several factors, including intensified media coverage, educational initiatives, advocacy from mental health organizations, and a broader recognition of the impact of mental well-being on overall health. Wearable EEG devices play a crucial role in managing and monitoring mental health conditions by providing data for personalized treatment and supporting therapies such as biofeedback and neurofeedback. For example, a white paper published by FAIR Health Inc. in April 2024 reported that the percentage of patients with mental health diagnoses in the US rose from 17.9% in 2022 to 18.9% in 2023. Consequently, the rising awareness of mental health is driving growth in the wearable EEG device market.
Leading companies in the wearable electroencephalogram (EEG) device market are focusing on integrating brainwave monitoring algorithms, such as acoustic stimulation, to provide non-invasive treatment options for brain monitoring. Acoustic stimulation, delivered through headphones, uses sound waves or vibrations to enhance therapeutic effects, complementing electrical stimulation to improve neurological or psychological outcomes. For example, in June 2024, Elemind Technologies, Inc., a US-based neurotechnology company, introduced a headband designed to enhance sleep quality. This sleep headband offers real-time brainwave monitoring and helps users fall asleep up to 74% faster. It employs AI-driven algorithms to provide personalized acoustic stimulation, aiding in the transition of brainwaves from wakefulness to sleep. The device connects with a smartphone app to offer detailed insights on sleep duration, efficiency, and stages, and it continuously adapts to individual sleep patterns to enhance its effectiveness over time.
In July 2023, Beacon Biosignals Inc., a US-based company specializing in computational neurodiagnostics and EEG analytics, acquired Dreem for an undisclosed amount. This acquisition is intended to boost Beacon's clinical trials and patient outcomes by integrating Dreem's at-home sleep monitoring technology. The move aims to enhance research efficiency and provide deeper insights into sleep and neurological disorders. Dreem, based in France, is known for its wearable EEG headbands.
Major companies operating in the wearable electroencephalogram (EEG) device market are Brain 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
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.
The countries covered in the wearable electroencephalogram (EEG) device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wearable electroencephalogram (EEG) device market consists of sales of signal amplifiers, data processors, electrodes, headphones, or caps. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wearable Electroencephalogram (EEG) Device Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wearable electroencephalogram (eeg) device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wearable electroencephalogram (eeg) device ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wearable electroencephalogram (eeg) device market global report from the Business Research Company answers all these questions and many more.
The report covers 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.