What is Global EEG & EMG Equipment Market?
The Global EEG & EMG Equipment Market is a vast and dynamic field that encompasses a wide range of medical devices used in the diagnosis and monitoring of neurological and neuromuscular disorders. EEG (Electroencephalography) and EMG (Electromyography) are two key types of diagnostic procedures that are used to measure the electrical activity of the brain and muscles respectively. These procedures are crucial in the detection of conditions such as epilepsy, sleep disorders, encephalopathies, and various types of neuromuscular disorders. The global market for these devices is substantial and continues to grow, driven by factors such as the increasing prevalence of neurological disorders, technological advancements in the field, and the growing demand for these devices in both developed and developing countries. However, the market is also faced with challenges such as the high cost of these devices and the lack of skilled professionals to operate them.
EEG Devices, EMG Devices in the Global EEG & EMG Equipment Market:
EEG devices are used to record the electrical activity of the brain. They are non-invasive and involve the placement of electrodes on the scalp. These devices are primarily used in the diagnosis of epilepsy, but they are also used in the diagnosis of other conditions such as sleep disorders, encephalopathies, and brain death. EMG devices, on the other hand, are used to record the electrical activity of muscles. They involve the insertion of a needle electrode into the muscle, and they are used in the diagnosis of a wide range of neuromuscular disorders. The global market for these devices is dominated by a few key players, but there is also a significant number of smaller companies that are making their mark. The market is characterized by intense competition, with companies constantly striving to innovate and improve their products in order to gain a competitive edge.
Hospitals, Diagnostic Centers, Others in the Global EEG & EMG Equipment Market:
The Global EEG & EMG Equipment Market finds its usage in a variety of settings, including hospitals, diagnostic centers, and other healthcare facilities. In hospitals, these devices are used in the diagnosis and monitoring of patients with neurological and neuromuscular disorders. They are also used in the operating room during surgeries that involve the nervous system. In diagnostic centers, these devices are used to provide diagnostic services to patients who are referred by their primary care physicians. They are also used in research settings, where they are used in the study of the brain and muscle function. The demand for these devices is expected to grow in the coming years, driven by factors such as the increasing prevalence of neurological disorders, the growing elderly population, and the increasing awareness about the importance of early diagnosis and treatment.
Global EEG & EMG Equipment Market Outlook:
The global EEG-EMG Equipment market, which was valued at US$ 821.1 million in 2022, is expected to reach a value of US$ 1277.6 million by 2029. This represents a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2023 to 2029. The market is dominated by three major companies, which collectively hold a market share of more than 60%. In terms of geographical distribution, North America is the largest market for EEG-EMG equipment, accounting for about 36% of the global market. This is followed by Asia Pacific and Europe, which account for about 34% and 27% of the global market respectively.
Report Metric | Details |
Report Name | EEG & EMG Equipment Market |
Accounted market size in 2023 | US$ 856 million |
Forecasted market size in 2029 | US$ 1064.5 million |
CAGR | 3.7 |
Base Year | 2023 |
Forecasted years | 2023 - 2029 |
Segment by Type |
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Segment by Application |
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Production by Region |
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Sales by Region |
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By Company | Nihon Kohden, Natus Medical, Medtronic, Compumedics, Philips, Micromed, EGI, Cadwell Industries, NCC Medical, SYMTOP |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |