The global neurophysiology devices and equipment market size is expected to grow from $1.29 billion in 2021 to $1.39 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The global neurophysiology device market size is then expected to grow to $1.72 billion in 2026 at a CAGR of 5.5%.
What is the Global Neurophysiology Devices And Equipment Market?
The neurophysiology devices and equipment market consist of sales of neurophysiology devices and equipment and related services. These equipment and techniques help deal with different functions of the nervous system such as spinal cord and peripheral nerve dysfunction brain alterations and nerve damage.
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What drives the Global Neurophysiology Devices And Equipment Market?
The major factor responsible for the growth of the neurophysiology device and equipment market is the increasing prevalence of neurological disorders, worldwide. Neurological disorders are identified as one of the most prevalent disorders out of all the recurring ailments. There are more than 600 neurological disorders like brain tumors, epilepsy, Parkinson's disease, Alzheimer's, etc. These disorders were ranked as the leading cause group of Disability Adjusted Life Years (DALYs), which is the number of years lost due to ill-health, disability, or early death. The increasing number of cases of neurological diseases and the growing count of patients are leading to the increasing demand for the devices used in the treatment of such disorders. This would increase the demand for medical devices used in the treatment of neurological disorders, thus driving the Neurophysiology device and equipment market during the forecast period.
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Global Neurophysiology Devices And Equipment Market Segments
The global neurophysiology devices and equipment market is segmented:
By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECoG), Evoked Potential (EP)
By End-User: Hospitals, Ambulatory Surgical Centers
By Modality: Standalone, Portable
By Geography: 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.
Neurophysiology Devices And Equipment Global Market Report 2022provides market size and growth forecasts for the global neurophysiology devices and equipment market, global neurophysiology devices and equipment market share, neurophysiology devices and equipment market segments and geographies, neurophysiology devices and equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The neurophysiology devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Neurophysiology Devices And Equipment Industry Playersinclude Medtronic Plc, Nihon Kohden Corporation, Dr. Langer Medical Gmbh, Natus Medical Incorporated, Inomed Medizintechnik, NuVasiveInc, Axon Healthcare Ltd., Bovie Medical Corporation, Neurosign, and Neurowave Systems. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
