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The neurophysiology devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Neurophysiology Devices And Equipment Market Size In 2022 And Forecast

The global neurophysiology devices and equipment market is expected to reach from $1.29 billion in 2021 to $1.39 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The neurophysiology devices and equipment market is expected to grow to $1.72 billion in 2026 at a CAGR of 5.5%.

The neurophysiology devices and equipment market consist of sales of neurophysiology devices and equipment and related services.

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Increase In Prevalence Of Neurological Disorders Is Driving The Growth Of The Neurophysiology Devices And Equipment Market

For example, as per the National Brain Tumor Society, around 700,000 people in the USA were suffering from Brain Tumors in 2019. 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.

Competitive Landscape And The Regional Analysis Of The Neurophysiology Devices And Equipment Market

Major players in the neurophysiology devices and equipment market are 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.

The Neurophysiology Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the neurophysiology devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the neurophysiology devices and equipment market.

Technological Advancement – A Key Trend In The Neurophysiology Devices And Equipment Market

Companies in the neurophysiology devices and equipment market are investing in the advancement of technology to increase the efficiency of these devices. There have been plenty of innovations in brain monitoring devices, for instance, EEG monitoring, Brain Simulation therapies, and Intraoperative Neurophysiological Monitoring. New technological innovations are enabling the development of devices that are integrating or adopting processes such as advanced neuroimaging techniques, stem cell therapies, molecular interventions, and microbiome technologies. There is also a trend of portable and wearable device technology assisting in home-based monitoring for ailments such as epilepsy and sleep apnea.

Neurophysiology Devices And Equipment Market Segmentation By The Business Research Company

1) By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECoG), Evoked potential (EP)

2) By End Users: Hospitals, Ambulatory Surgical Centers

3) By Modality: Standalone, Portable

Here Are Some Reports Related To The Neurophysiology Devices And Equipment Market –

Neurology Devices Global Market Report 2022

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