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Global Revenue Of Neurofeedback System Is Nearly 37.2 M USD In 2016
Friday, 28 Aug, 2020
Neurofeedback is a non-invasive method of direct brain function training. It is also a type of biofeedback and is therefore, also called EEG Biofeedback. It uses the electrodes (which act like tiny microphones) placed on the client's scalp to record and amplify the EEG, or brainwaves and control auditory, visual, and/or tactile feedback which allows learning to take place. This operant learning initiates self-regulation and enhances relaxation, both necessary components of good brain function.

In the last several years, global market of Neurofeedback System developed rapidly, with an average growth rate of 12.19%. In 2016, global revenue of Neurofeedback System is nearly 37.2 M USD.

The fast growth of Neurofeedback system market largely caused by the introduction of smart portable device. The production is increasing largely and the price is decreasing. These new products mainly introduced in North American and Asia regions. 

With the fast growth of smart portable device, the market will enjoy a fast growth rate in the next several years. The market size is expected to be 53 million USD in 2022, with an CAGR of 6.12%.

North America is the largest supplier of Neurofeedback System, with a production market share nearly 60% in 2016. Europe is the second largest supplier of Neurofeedback System, enjoying production market share nearly 20.5% in 2016.

North America is also the largest consumption place, with a consumption market share nearly 57% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 19%.