EEG-EMG Equipment Market Expected to Reach USD 2.4 Billion Globally in 2024: Transparency Market Research

Electroencephalography and Electromyography are the neurophysiology devices used for the diagnosis of neural disorders and brain injury among the elderly and aging population. The electric impulse generated through the electrodes and amplifiers digitize the neurological signals generated inside the brain and displayed into the monitor in the form of Electroencephalograph or Electromyograph. Rise in Parkinson’s disease, Alzheimer’s disease, sports activity among the young population, and technological development with new software designs are drivers for the EEG-EMG Equipment Market. Advent in technology of substitutes products such as MEG, MRI, CT, cost or price of eeg-emg equipment and their treatment procedures are likely to hamper or restrain the market growth rate.

The global Market for EEG-EMG Equipment market was valued at USD 1.3 billion in 2015 and is estimated to reach USD 2.4 billion by 2024 at a CAGR of 7.4% from 2016 to 2024.

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Geographically, the EEG-EMG Equipment market is segmented in 5 main regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market for EEG-EMG devices in 2015, which is attributed to persistent rise in aging among population in the region, directly impacting the growth and development of neurophysiology devices, and advancements of novel neurodiagnostic technologies in the region. The region is expected to continue to dominate the market in the forecast period due to the increase in prevalence of brain injury, Parkinson’s disease, epilepsy and other neural diseases. The demand for efficient diagnostic devices is increasing owing to rapid technological advances in software development. Several device manufacturers are investing heavily in research and development activities so as to develop novel diagnostic and surgical platforms which can propel the market growth rate with a higher CAGR between 2016-2024. According to the Epilepsy Foundation, 2014, number of people affected with epilepsy ranges from 1.3 million to 2.8 million in U.S. as a result it is anticipated to propel growth of the North America market.

Europe is considered as the second largest market for EEG-EMG Equipment in 2015. Large number of major key players are actively involved in development of the existing eeg-emg devices and other diagnostic devices, due to increase in demand for treating neural diseases such as sleep disorder, dementia, epilepsy, etc.

The EEG-EMG Equipment market in Asia Pacific is anticipated to expand at the considerable growth rate during the forecast period. Several neurophysiology device companies expand their business operations in order to explore new markets, especially Asia Pacific, to increase their revenue and market share. China, India, Brazil, and Mexico are some of the lucrative markets in these regions and offer immense growth opportunities. Large consumer base coupled with augmented health care expenditure and a paradigm shift observed in patients’ inclination toward improved health care facilities offers tremendous growth prospects in China and India, driving the EEG-EMG Equipment market in the countries remarkably. The Latin America and Middle East & Africa are relatively smaller markets. Brazil and Mexico are the emerging country in EEG-EMG Equipment Market, which is expected to grow at highest CAGR due to its trading facilities for high frequency electrodes, amplifiers and other supplier devices for the EEG-EMG equipment.

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The major players in the EEG-EMG Equipment market are – include Nihon Kohden Corporation, Cadwell Industries, Inc., Compumedics Limited, Medtronic, Natus Medical Incorporated, Electrical Geodesics Inc., Masimo Corporation, Zynex Inc., Allengers Medical Systems Limited and others.

The Global EEG-EMG Equipment market is segmented as given below:

Global EEG-EMG Equipment Market, by Product

  • Electroencephalography
  • Electromyography

Global EEG-EMG Equipment Market, by Modality

  • Standalone
  • Portable

Global EEG-EMG Equipment Market, by End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Research institutes
  • Diagnostic Centers
  • Homecare Settings

Global EEG-EMG Equipment Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Russia
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa

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