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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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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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