Global Electro-Diagnostic Devices Market Analysis
Overview
Electro-diagnostic devices monitor the electrical signals of body components or measure their reaction to evoked potentials to diagnose neurological illnesses. Electrophysiological procedures such as needle electromyography and nerve conduction investigations are used by medical practitioners to diagnose, assess, and treat people with musculoskeletal, neurologic, and neuromuscular disorders.
In 2017, the global electro-diagnostic instruments market was worth US$ 970.6 million, and it is projected to grow at a CAGR of 7.50 percent from 2018 to 2026.
Highlights of the Report:
- In-depth analysis of various insights, namely, Electro-Diagnostic Devices Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Electro-Diagnostic Devices Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Electro-Diagnostic Devices Market Include:
Players operating in the global electro-diagnostic devices market are concentrating their efforts on extending their operations in emerging economies, which present unexplored prospects for the electro-diagnostic devices industry.
Key players are involved in mergers and acquisitions to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Medtronic
- Abbott
- Boston Scientific Corporation
- Siemens Medical Solutions
- Philips Medical Systems
- GE Healthcare
- Noraxen
- Viasys Healthcare
- Natus Medical
- Cadwell Laboratories Inc
- Compumedics Limited
- Nihon Kohden.
Key questions answered in the report:
- What will the market growth rate of Electro-Diagnostic Devices Market in 2026?
- What are the key factors driving the global Electro-Diagnostic Devices Market?
- Who are the key manufacturers in Electro-Diagnostic Devices Market space?
- What are the market opportunities, market risk and market overview of the Electro-Diagnostic Devices Market?
- What are sales, revenue, and price analysis of top manufacturers of Electro-Diagnostic Devices Market?
- Who are the distributors, traders and dealers of Electro-Diagnostic Devices Market?
- What are the Electro-Diagnostic Devices Market opportunities and threats faced by the vendors in the global Robotic Surgical Procedures industry?
- What are sales, revenue, and price analysis by types and applications of Electro-Diagnostic Devices Market?
- What are sales, revenue, and price analysis by regions of Robotic Surgical Procedures industry?
Detailed Segmentation:
- Global Electro-diagnostic devices Market, By Product Type:
- Electromyogram (EMG)
- Nerve Conduction (NCS)
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electroretinography (ERG)
- Electrogastrography (EGG)
- Others
- Global Electro-diagnostic devices Market, By End User:
- Hospitals & clinics
- Ambulatory care research centers
- Rehabilitation centers
- Diagnostic centers
- Others
- Global Electro-diagnostic devices Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Product Type:
- Electromyogram (EMG)
- The Nerve Conduction (NCS)
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electroretinography (ERG)
- Electrogastrography (EGG)
- Others
- By End User:
- Hospitals & clinics
- Ambulatory care research centers
- Rehabilitation centers
- Diagnostic centers
- Others
- By Country:
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Product Type:
- Electromyogram (EMG)
- The Nerve Conduction (NCS)
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electroretinography (ERG)
- Electrogastrography (EGG)
- Others
- By End User:
- By Country:
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Product Type:
- By End User:
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type:
- By End User:
- By Country:
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Product Type:
- By End User:
- By Country:
- Africa
- By Country:
- South Africa
- Central Africa
- North Africa
- By Product Type:
- By End User:
- By Country:
- North America
- Company Profiles
Drivers
The increasing incidences of neuromuscular illnesses such as muscular dystrophy, ALS (Amyotrophic Lateral Sclerosis), and multiple sclerosis is boosting demand for electro-diagnosis, which is propelling the global electro-diagnostic devices market forward. Multiple sclerosis affects roughly 2.5 million individuals globally, according to the Cleveland Clinic Foundation. Multiple sclerosis first manifests itself in people between the ages of 20 and 50.
The global geriatric population is increasing the risk of neuromuscular illnesses, which is also fueling the expansion of the global electro-diagnostic devices market. According to a United Nations estimate issued in 2017, the worldwide population of individuals aged 60 and more is expected to grow from 962 million as of 2017 to 2.1 billion by 2050. Moreover, as per the United States Census Bureau’s 2017 National Population Projections, by 2035, an estimated 78.0 million individuals in the U.S. would be aged 65 and above, contrasted to 76.7 million under the age of 18.
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Restraints
Despite rising global demand for electro-diagnostic instruments, low-income nations such as India have a shortage of competent personnel. The electro-diagnostic devices market in India is being held back by unfavorable labor regulations and a shortage of educated workers to setup, maintain, replace, and service equipment.
Furthermore, one of the significant factors impeding the global electro-diagnostic devices market growth is the high installation and maintenance costs of these complicated devices. The expensive cost of the EEG system, which is over US$ 113,000, and the high cost of repairs, restricts its broad usage in EMUs (Epilepsy Monitoring Units) across the world, particularly in poor nations where financing or reimbursements for these devices are few.
Regional Analysis
North America is projected to dominate the global electro-diagnostic devices market by 2026, attributable to its well-established healthcare system, greater acceptance rate of technologically sophisticated goods by healthcare providers, and increased awareness of modern medical equipment. Furthermore, the increased frequency of neurological illnesses is propelling the market forward. Multiple sclerosis affects roughly 1 million people in the U.S., as per the NCBI (National Centers for Biotechnology Information).
Due to the region’s large patient pool, the Asia Pacific electro-diagnostic devices market is projected to develop at the fastest rate. In nations such as India, rising healthcare spending will be a driving force behind the medical sector’s expansion. In the coming years, the electro-diagnostic devices market is projected to increase due to ongoing advances and increased need for improved electro-diagnostics devices in this region.
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Electro-Diagnostic Devices Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Electro-Diagnostic Devices Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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