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Some of the key findings from our neurodiagnostic and monitoring devices market forecast report are summarized below
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Market vendors are increasingly integrating health informatics solutions with neurodiagnostic and monitoring devices to provide enhanced medical diagnosis and disease analysis for procedures such as EEG, EMG, and transcranial doppler (TCD). The adoption of health informatics solutions will allow clinicians to remotely monitor a patient’s vital signs from multiple devices, including EEG devices, cerebral or somatic oximeters, and pulse oximeters. The rising amount of data generated during neurological research has also boosted the demand for neuroinformatic systems. These systems use computational models and analytical tools to organize neuroscience-related data efficiently. With rising digitization of information, applications of advanced technologies, such as health informatics and monitoring solutions, in neurodiagnostic and monitoring devices will also grow. Therefore, growing applications of health informatics and monitoring solutions is one of the key neurodiagnostic and monitoring devices market trends. This trend is expected to fuel the growth of the market during the next five years.
The rising prevalence of neurological disorders has increased the demand for EEG and EMG procedures. Long-term EEG is highly effective for prognostic identification of significant EEG patterns and accurate diagnosis of seizures and non-seizure paroxysmal events. Video EEG is also highly popular for the diagnosis of psychogenic nonepileptic seizures (PNES). Moreover, vital information, such as amplitude, duration, and engagement of motor units; type and severity of muscle disease; and the likelihood of muscles becoming inflamed, can be obtained from EMG tests. As a result, EMG tests have been proven ideal for evaluating muscle activity and contraction. Moreover, EEG and EMG devices are recording expanded applications in cognitive health and well-being, sleep quality improvement, and stress reduction. The growing demand for EEG and EMG procedures will significantly drive the neurodiagnostic and monitoring devices market growth at over 8% CAGR during the forecast period.
The global neurodiagnostic and monitoring devices market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this neurodiagnostic and monitoring devices market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading neurodiagnostic and monitoring device manufacturers, including:
The EEG devices segment will account for the highest neurodiagnostic and monitoring devices market share. The increasing prevalence of neurological disorders, rising demand for EEG monitoring in home-care settings, growing awareness about technologically advanced EEG devices, and augmenting number of EEG examinations are a few of the factors responsible for neurodiagnostic and monitoring devices market growth in this segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the neurodiagnostic and monitoring devices market size.
With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest share of the neurodiagnostic and monitoring devices market throughout the forecast period. Factors such as high healthcare expenditure, high prevalence of neurological diseases, rising geriatric population, and rising adoption of technologically advanced neurodiagnostic and monitoring devices are contributing to the growth of the market in North America.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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