The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s neurophysiology devices and equipment market report forecasts the neurophysiology devices and equipment market size to grow to $1.88 Billion by 2027, with a CAGR (compound annual growth rate) of almost 6%.

Learn More On The Neurophysiology Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/neurophysiology-devices-and-equipment-global-market-report

Neurophysiology Devices And Equipment Market Size Forecast

The global neurophysiology devices and equipment market is expected to grow from $1.39 billion in 2022 to $1.5 billion in 2023 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, causing inflation across goods and services and affecting many markets across the globe. The neurophysiology devices and equipment market is expected to grow from $1.88 billion in 2027 at a CAGR of 5.9%.

North America held the largest neurophysiology devices and equipment market share.

Key Neurophysiology Devices And Equipment Market Driver ­– Increase In The Prevalence Of Neurological Disorders Globally

For example, as per the National Brain Tumor Society, around 83,570 people in the USA were suffering from Brain Tumors in 2021. 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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Key Neurophysiology Devices And Equipment Market Trend – Investing In The Advancement Of Technology

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. For example, in March 2022, Braintale, a Paris-based developer of brain medication, launched brainTale-care platform. The platform is dedicated tto white matter quantification and brainScore-comaoffering that predicts coma.

Neurophysiology Devices And Equipment Market Segment

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

Neurophysiology Devices And Equipment Market Major Players and Strategies

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 2023 covers regional data on neurophysiology devices and equipment market size, neurophysiology devices and equipment market trends and drivers, opportunities, strategies, and neurophysiology devices and equipment market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

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