Global Neurophysiology Devices And Equipment Market 2024 , Forecast To 2033
7 Mar, 2024
The neurophysiology devices and equipment market has experienced strong growth recently, expanding from $1.5 billion in 2023 to $1.61 billion in 2024, marking a compound annual growth rate (CAGR) of 7.5%. This growth can be attributed to factors such as the rising prevalence of neurological disorders and increasing demand for early diagnosis. Looking ahead, the market is expected to see continued growth, reaching $2.07 billion in 2028 at a CAGR of 6.5%. Factors contributing to this growth may include personalized medicine and growing investment in neurophysiology infrastructure. Major trends in this period could include advances in technology and non-invasive brain stimulation.
Global Neurophysiology Devices And Equipment Market Key Driver
The growth of the neurophysiology device and equipment market is fueled by the increasing prevalence of neurological disorders (10). With over 600 neurological disorders identified and neurological diseases ranked as the leading cause group of Disability Adjusted Life Years (DALYs), there is a rising demand for devices used in their treatment, driving market growth.
Get A Free Sample Of The Global Neurophysiology Devices And Equipment Market ReportGlobal Neurophysiology Devices And Equipment Market Segments
The neurophysiology devices and equipment market covered in this report is segmented –
1) By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECoG), Evoked potential (EP)
2) By Modality: Standalone, Portable
3) By End Users: Hospitals, Ambulatory Surgical Centers
By Geography: The countries covered in the neurophysiology devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the neurophysiology devices and equipment market in 2023. Western Europe was the second-largest region in the global neurophysiology devices and equipment market share. The regions covered in the neurophysiology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Neurophysiology Devices And Equipment Industry Players
Medtronic Plc; Nihon Kohden Corporation; Dr. Langer Medical Gmbh; Natus Medical Incorporated; Inomed Medizintechnik; NuVasiveInc; Axon Healthcare Ltd.; Bovie Medical Corporation; Neurosign; Neurowave Systems; Cadwell Industries; Brainsway; Checkpoint Surgical; Deymed diagnostic Inc.; Langer Medical GmbH; EMS Biomedical; Halyard Health; Compumedics Limited; Magtism; Erbe Elektromedizi; Langer Medical; Shanghai NCC Medical; Ambu; Blackrock Microsystems; Cognionics; Morningside Medical Equipment; BeckerSmith Medical; Cognivue; Helius Medical Technologies; inTRAvent Medical Partners; Neural Diagnostics Pty Ltd; Irras AB
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Neurophysiology Devices And Equipment Market Overview
The neurophysiology devices and equipment deal with different functions of the nervous system such as spinal cord and peripheral nerve dysfunction brain alterations and nerve damage.