2024-2033 Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Forecast: Predicted Growth Rate and Market Size
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How Rapidly is the Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Forecasted to Grow Between 2024 and 2033?
The EEG and EMG equipment market size has seen strong growth in recent years. It will rise from $1.11 billion in 2023 to $1.20 billion in 2024, achieving a CAGR of 7.5%. The historical growth can be linked to the increasing prevalence of neurological disorders, a rising geriatric population, enhanced awareness and diagnosis, regulatory support, and higher healthcare spending.
The EEG and EMG equipment market size is expected to see notable growth in the next few years, projected to reach $1.61 billion by 2028, with a CAGR of 7.6%. Growth during this period can be attributed to regulatory developments, emerging market growth, advancements in home healthcare, patient-centered healthcare approaches, and rising healthcare expenditures. Major trends include technological innovations, personalized medicine, remote monitoring and telemedicine, the use of digital equipment, and the integration of AI.
What Factors Are Behind the Rapid Growth of the Electroencephalography (EEG) And Electromyography (EMG) Equipment Market?
The growing prevalence of neurological disorders is expected to boost the EEG and EMG equipment markets. Neurological disorders include a variety of conditions affecting the brain, spinal cord, and nerves, which can impact cognitive and motor functions. The global rise in neurological disorders is attributed to aging populations experiencing higher rates of age-related conditions, such as Alzheimer’s and Parkinson’s diseases. Improved diagnostics, heightened healthcare awareness, sedentary lifestyles, and environmental factors also contribute to the increase in conditions like stroke and multiple sclerosis. EEG-EMG equipment is essential for accurately diagnosing, monitoring brain and muscle activity, and assessing treatment effectiveness. For instance, the Alzheimer’s Association reported in April 2024 that the number of Americans aged 65 and older diagnosed with Alzheimer’s dementia rose from 6.5 million in 2022 to 6.9 million in 2024. Thus, the rising incidence of neurological disorders will drive the growth of the EEG and EMG equipment markets.
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What Are the Principal Segments of the Electroencephalography (EEG) And Electromyography (EMG) Equipment Market?
The electroencephalography (EEG) and electromyography (EMG) equipment market covered in this report is segmented –
1) By Type: Electroencephalography, Electromyography
2) By Modality: Standalone, Portable
3) By End-user: Hospitals, Ambulatory Surgical Centers, Research Institutes, Diagnostic Centers, Homecare Settings
What Emerging Patterns Are Redefining the Electroencephalography (EEG) And Electromyography (EMG) Equipment Market?
Companies in the EEG-EMG equipment market are prioritizing remote patient monitoring solutions to enhance patient care through real-time data collection. For example, in April 2023, Cadwell Industries, Inc., a US-based provider of neurodiagnostic solutions, launched Arc Voyager, a wireless remote monitoring system for in-home EEG. This system allows real-time access to EEG data and includes features like HD video, automatic data backfill, and a rugged tablet PC.
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Which Geographical Regions Are Shaping the Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Growth?
North America was the largest region in the electroencephalography (EEG) and electromyography (EMG) equipment equipment market in 2023. The regions covered in the electroencephalography (EEG) and electromyography (EMG) equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Electroencephalography (EEG) And Electromyography (EMG) Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the electroencephalography (eeg) and electromyography (emg) equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Include
1. Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Executive Summary
2. Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Segments
3. Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Size And Template Market Growth Rate
4. Key Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Trends
5. Major Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Electroencephalography (EEG) And Electromyography (EMG) Equipment Market
26. Top Electroencephalography (EEG) And Electromyography (EMG) Equipment Companies
27. Electroencephalography (EEG) And Electromyography (EMG) Equipment Market Opportunities And Strategies
28. Electroencephalography (EEG) And Electromyography (EMG) Equipment Market, Conclusions And Recommendations
29. Appendix
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