Electrodermal Activity Detecting Device Market Size, Share & Trends 2031

Electrodermal Activity Detecting Device Market Size, Share & Trends 2031

Segments - Electrodermal Activity Detecting Device Market by Type (Physiological Arousal, Psychological Arousal, Perioperative Care, and Others), Application (Hospitals, Clinics, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Vishal Golekar

Upcoming | Report ID :HC-316 | 4.3 Rating | 81 Reviews | 198 Pages | Format : PDF Excel PPT

Report Description


Electrodermal Activity Detecting Device Market Outlook 2031

The global electrodermal activity detecting device market size was valued at USD XX Billion in 2022 and is expected to reach USD XX Billion by 2031, expanding at a CAGR of 8.7% during the forecast period, 2023–2031. The market growth is attributed to the rising prevalence of extreme emotional or mental disorders among populations across the globe.

The prevalence of extreme emotional stress and mental disorders is on the rise, which leads to an increased need for effective monitoring and management tools. The electrodermal activity (EDA) detecting devices offer a non-invasive and objective method to measure stress levels and emotional responses. The increasing number of individuals suffering from extreme emotional stress and mental disorders boosts the demand for electrodermal activity-detecting devices. For instance,

  • In June 2022, a report published by the World Health Organization (WHO) states that one in every eight people lives with mental disorders. Among mental health disorders, anxiety and related sleep disorders are the most prevalent, affecting over 300 million individuals globally

Electrodermal Activity Detecting Device Market Outlook

Advancements in wearable technology have significantly contributed to the growth of the EDA-detecting device market. Wearable devices such as smartwatches, fitness trackers, and biofeedback devices now incorporate EDA sensors, allowing users to track their stress levels and emotional responses in real time. The integration of EDA detection capabilities into wearable devices has made them more accessible and convenient for individuals seeking to monitor their physiological responses.

The research report finds that the COVID-19 pandemic hampered the electrodermal activity detecting device market. The pandemic and its associated lockdown measures have disrupted the manufacturing and supply chains of medical devices. This led to delays in the production and limited availability of these devices in the market.

Additionally, the primary focus of healthcare systems has shifted toward managing and treating COVID-19 patients. This shift in priorities temporarily reduced the attention and resources allocated to the development and promotion of electrodermal activity-detecting devices, thereby affecting the market.

Impact of Artificial Intelligence (AI) on The Electrodermal Activity Detecting Device Market

Artificial Intelligence (AI) had a significant impact on the electrodermal activity detecting device market.  AI algorithms analyze electrodermal activity data with high precision, reducing the risk of errors and inaccuracies in diagnosis and treatment. This has resulted in improved device accuracy and reliability, making them more effective in monitoring and managing stress and emotional responses.

AI processes large amounts of data quickly, which is particularly useful in electrodermal activity-detecting devices that generate a significant amount of data. This enables healthcare professionals to gain deep insights into patient responses and patterns, leading to more accurate diagnoses and personalized treatment plans. For instance,

  • According to a report published in August 2023, AI in the healthcare industry is projected to reach nearly USD 188 billion by 2030, growing at a compound annual growth rate of 37% from 2022 to 2030.

Electrodermal Activity Detecting Device Market Dynamics

Electrodermal Activity Detecting Device Market Dynamics

Major Drivers

Rising demand for advanced medical devices and increasing public health awareness about electrodermal activity-detecting devices drive the market. Individuals are becoming more conscious about monitoring their physiological responses, due to the increasing public health awareness, leading to a high demand for EDA devices. The ability of electrodermal activity-detecting devices to provide insights into stress levels and emotional states contributes to their popularity, which further propels the market.

Technological advancements in medical devices and wearables are leading to the introduction of innovative devices. These advancements include improvements in sensor technology, data analysis algorithms, and connectivity features. The integration of these technologies into EDA-detecting devices enhances their accuracy, usability, and functionality, thereby fueling the market. For instance,

  • In October 2023, Google introduced the Google Pixel Watch 2, featuring advanced safety features and temperature sensor technology.

Increasing demand for stress management tools is boosting the market. Mental health concerns are rising across the globe, which propels the demand for devices that accurately measure and monitor electrodermal activity (EDA). However, EDA-detecting devices are used to detect changes in the skin's electrical conductivity, which provide insights into individuals' stress levels and emotional states. The need for effective stress management tools is driving the electrodermal activity (EDA) detecting device market.

Existing Restraints

High cost of EDA-detecting devices and expensive device treatment are key factors restraining the market. Affordability issues limit the adoption of these devices, particularly in developing regions. Additionally, the expensive nature of device therapy is expected to deter some users from investing in these devices, thereby affecting market growth during the forecast period.

Emerging Opportunities

Growing research and development (R&D) activities are expected to create lucrative opportunities in the market. The ongoing R&D efforts focus on improving production technologies and device features. These efforts further focus on enhancing device accuracy, usability, comfort, and connectivity. Furthermore, manufacturers are introducing new and improved electrodermal activity detecting devices in the market to meet the overall growing demand, thereby fueling the market. For instance,

  • On August 11, 2023, Xiaomi's humanoid robot, CyberOne, utilizes advanced AI algorithms to detect human emotions and recognize environmental sounds. It features advanced arms and legs, bipedal-motion posture balancing, and impressive vision capabilities. CyberOne was unveiled at Xiaomi's product launch event in Beijing.

Scope of The Electrodermal Activity Detecting Device Market Report

The report on the global electrodermal activity detecting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Electrodermal Activity Detecting Device Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Physiological Arousal, Psychological Arousal, Perioperative Care, and Others), and Application (Hospitals, Clinics, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Brain Signs; Eisco Labs; iMotions; Maxim Intregrated; Movisense GmbH; PLUX Biosignals; Shimmer.

Electrodermal Activity Detecting Device Market Segment Insights

Type Segment Analysis

On the basis of type, the electrodermal activity detecting device market is segregated into physiological arousal, psychological arousal, perioperative care, and others. The physiological arousal segment is expected to constitute a major share of the market, owing to the rising incidence of the type of arousal and wide adoption of the device for examination of the particular emotional disorder.

The psychological arousal segment is estimated to hold a substantial share of the market during the forecast period, owing to the rising prevalence of anxiety, depression, and stress among the adult population across the globe.

Electrodermal Activity Detecting Device Market Types

Application Segment Analysis

Based on application, the global electrodermal activity detecting device market is segmented into hospitals, clinics, and others. The hospitals segment is anticipated to account for a major share of the market during the forecast period, owing to the growing demand for electrodermal activity-detecting device treatments in the hospital. The presence of specialized doctors and medical staff in hospitals and the wide availability of advanced medical devices are some vital reasons propelling the growth of the segment in the market.

The clinic segment is estimated to hold a substantial share of the market during the projected period, owing to the increasing installation of advanced devices and the opening of specialized clinics for anxiety treatment. Easy accessibility of the treatment service by patients is another key factor boosting the segment.

Electrodermal Activity Detecting Device Market Applications

Regional Analysis

In terms of region, the electrodermal activity detecting market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America held the major share of the market in 2022, owing to the presence of developed healthcare facilities, the rising awareness regarding the benefits of EDA-detecting wearable devices, and the presence of renowned medical device industries. Additionally, growing healthcare spending from governments presents another key factor that is projected to boost the regional market.  For instance,  

  • According to the Centers for Disease Control and Prevention, more than one in 25 US adults suffer from mental illness, such as major depression, bipolar disorder, and schizophrenia.

Europe is anticipated to account for a key share of the market during the forecast period, due to the rising collaboration between key players and academic research institutes to develop innovative healthcare devices.  European Medical Agency (EMA) and Europe, have adopted a proactive role in granting early CE approval for medical devices used in medical diagnosis and monitoring mental activities.

Electrodermal Activity Detecting Device Market Regions

Segments

The global electrodermal activity detecting device market has been segmented on the basis of

Type

  • Physiological Arousal
  • Psychological Arousal
  • Perioperative Care
  • Others

Application

  • Hospitals
  • Clinics
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Major players competing in the electrodermal activity detecting market include Brain Signs; Eisco Labs; iMotions; Maxim Intregrated; Movisense GmbH; PLUX Biosignals; and Shimmer.

  • In September 2023, Google launched the Fitbit Charge 6, which incorporates AI and machine learning for improved health capabilities. The Charge 6 offers up to 60% more accurate heart rate readings, making it the most precise Fitbit tracker to date.

  • In December 2022, Empatica, a company specializing in medical-grade wearable devices, obtained FDA clearance for their Empatica Health Monitoring Platform.

Electrodermal Activity Detecting Device Market Key Players

Frequently Asked Questions

The physiological arousal segment accounted for the largest share of the global electrodermal activity detecting devices market.

North America region is expected to hold the highest market share in the Electrodermal Activity Detecting Devices market.

Segments are covered under Electrodermal Activity Detecting Devices market segments analysis are, type (physiological arousal, psychological arousal, perioperative care, and others), and application (hospitals, clinics, and others).

The market growth is attributed to the rising prevalence of extreme emotional or mental disorders among a large population across the globe, advancements in wearable technology, and increasing demand for stress management tools.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrodermal Activity Detecting Device Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electrodermal Activity Detecting Device Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electrodermal Activity Detecting Device Market - Supply Chain
  4.5. Global Electrodermal Activity Detecting Device Market Forecast
     4.5.1. Electrodermal Activity Detecting Device Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electrodermal Activity Detecting Device Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Electrodermal Activity Detecting Device Market Absolute $ Opportunity
5. Global Electrodermal Activity Detecting Device Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Electrodermal Activity Detecting Device Market Size and Volume Forecast by Types
     5.3.1. Physiological Arousal
     5.3.2. Psychological Arousal
     5.3.3. Perioperative Care
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Electrodermal Activity Detecting Device Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Electrodermal Activity Detecting Device Market Size and Volume Forecast by Applications
     6.3.1. Hospitals
     6.3.2. Clinics
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Electrodermal Activity Detecting Device Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Electrodermal Activity Detecting Device Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Electrodermal Activity Detecting Device Demand Share Forecast, 2019-2026
8. North America Electrodermal Activity Detecting Device Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Electrodermal Activity Detecting Device Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Electrodermal Activity Detecting Device Market Size and Volume Forecast by Types
     8.4.1. Physiological Arousal
     8.4.2. Psychological Arousal
     8.4.3. Perioperative Care
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Electrodermal Activity Detecting Device Market Size and Volume Forecast by Applications
     8.7.1. Hospitals
     8.7.2. Clinics
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Electrodermal Activity Detecting Device Demand Share Forecast, 2019-2026
9. Latin America Electrodermal Activity Detecting Device Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Electrodermal Activity Detecting Device Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Electrodermal Activity Detecting Device Market Size and Volume Forecast by Types
     9.4.1. Physiological Arousal
     9.4.2. Psychological Arousal
     9.4.3. Perioperative Care
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Electrodermal Activity Detecting Device Market Size and Volume Forecast by Applications
     9.7.1. Hospitals
     9.7.2. Clinics
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Electrodermal Activity Detecting Device Demand Share Forecast, 2019-2026
10. Europe Electrodermal Activity Detecting Device Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Electrodermal Activity Detecting Device Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Electrodermal Activity Detecting Device Market Size and Volume Forecast by Types
     10.4.1. Physiological Arousal
     10.4.2. Psychological Arousal
     10.4.3. Perioperative Care
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Electrodermal Activity Detecting Device Market Size and Volume Forecast by Applications
     10.7.1. Hospitals
     10.7.2. Clinics
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Electrodermal Activity Detecting Device Demand Share Forecast, 2019-2026
11. Asia Pacific Electrodermal Activity Detecting Device Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Electrodermal Activity Detecting Device Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Electrodermal Activity Detecting Device Market Size and Volume Forecast by Types
     11.4.1. Physiological Arousal
     11.4.2. Psychological Arousal
     11.4.3. Perioperative Care
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Electrodermal Activity Detecting Device Market Size and Volume Forecast by Applications
     11.7.1. Hospitals
     11.7.2. Clinics
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Electrodermal Activity Detecting Device Demand Share Forecast, 2019-2026
12. Middle East & Africa Electrodermal Activity Detecting Device Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Electrodermal Activity Detecting Device Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Electrodermal Activity Detecting Device Market Size and Volume Forecast by Types
     12.4.1. Physiological Arousal
     12.4.2. Psychological Arousal
     12.4.3. Perioperative Care
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Electrodermal Activity Detecting Device Market Size and Volume Forecast by Applications
     12.7.1. Hospitals
     12.7.2. Clinics
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Electrodermal Activity Detecting Device Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Electrodermal Activity Detecting Device Market: Market Share Analysis
  13.2. Electrodermal Activity Detecting Device Distributors and Customers
  13.3. Electrodermal Activity Detecting Device Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Brain Signs Eisco Labs iMotions Maxim Integrated Movisense GmbH PLUX Biosignals Shimmer

Methodology

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