The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Electroencephalography (EEG) And Electromyography (EMG) Equipment Global Market Report 2024, the electroencephalography (EEG) and electromyography (EMG) equipment market is expected to show promising growth in the forecast period.

The global electroencephalography (EEG) and electromyography (EMG) equipment market has been experiencing strong growth in recent years. In 2023, the market size was valued at $1.11 billion and is expected to reach $1.20 billion in 2024, representing a compound annual growth rate (CAGR) of 7.5%. This growth is largely driven by several key factors, including:

• Increasing Prevalence of Neurological Disorders:

More people are being diagnosed with conditions like Alzheimer’s and Parkinson’s diseases.

• Rising Geriatric Population: An aging population contributes to higher incidences of age-related neurological conditions.
• Enhanced Awareness and Diagnosis: Improved healthcare awareness and diagnostics have increased the detection of neurological disorders.
• Regulatory Support and Increased Healthcare Expenditure: Governments and healthcare bodies are investing more in healthcare, boosting the market.

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Future Growth Forecast

Looking ahead, the EEG and EMG equipment market is expected to continue its growth trajectory. The market is projected to expand to $1.61 billion by 2028, with a CAGR of 7.6%. The key drivers for this future growth include:

• Regulatory Developments: Evolving regulations favoring advanced healthcare technologies.
• Emerging Market Growth: Increased adoption of EEG and EMG equipment in developing regions.
• Home Healthcare and Patient-Centric Care: A shift towards more personalized and home-based healthcare solutions.
• Increasing Healthcare Expenditure: Ongoing investments in healthcare infrastructure and technology.

Technological Innovations Shaping the Market

The EEG and EMG equipment market is seeing several technological advancements that are set to drive its growth further:

• Technological Innovations: Development of more sophisticated, digital EEG and EMG devices.
• Personalized Medicine: Customization of healthcare solutions to cater to individual patient needs.
• Remote Monitoring and Telemedicine: Growing adoption of telemedicine and remote monitoring solutions.
• Integration of AI: Use of artificial intelligence to enhance diagnostics and monitoring capabilities.

Impact of Neurological Disorders on Market Growth

The increasing incidence of neurological disorders significantly impacts the EEG and EMG equipment market:

• Rising Neurological Disorders: Conditions affecting the brain, spinal cord, and nerves, such as Alzheimer’s and Parkinson’s diseases, are on the rise.
• Aging Populations: Older populations are more prone to neurological disorders, driving demand for EEG and EMG equipment.
• Modern Lifestyles: Sedentary lifestyles and environmental factors contribute to the rise in conditions like stroke and multiple sclerosis.

Key Market Players

Several major players dominate the EEG and EMG equipment market, including:

• General Electric Company
• Medtronic plc
• Koninklijke Philips N.V.
• Masimo Corporation
• Nihon Kohden Corporation
• Natus Medical Incorporated

These companies focus on innovation and expansion to maintain their market positions.

Trends in Remote Monitoring

Wireless technology is transforming the EEG and EMG equipment market by enabling real-time data solutions:

• Remote Monitoring Solutions: Major companies are focusing on wireless remote monitoring systems to enhance patient care.
• Real-Time Data Collection: These systems allow for continuous monitoring of patient health data from any location.
• Example: In April 2023, Cadwell Industries launched the Arc Voyager, a wireless remote monitoring system for in-home EEG in the US, enhancing remote access to EEG data and video.

Recent Mergers and Acquisitions

Mergers and acquisitions are reshaping the EEG and EMG equipment market:

• Natus Medical Acquisition: In January 2023, Natus Medical Incorporated acquired Micromed Holding SAS to strengthen its position in the European epilepsy market and ICU monitoring sector.

Market Segmentation

The EEG and EMG equipment market is segmented based on:

• Type: Electroencephalography, Electromyography
• Modality: Standalone, Portable
• End-User: Hospitals, Ambulatory Surgical Centers, Research Institutes, Diagnostic Centers, Homecare Settings

Regional Insights

North America was the largest region in the EEG and EMG equipment market in 2023, driven by advanced healthcare infrastructure and high healthcare expenditure.

In conclusion, the EEG and EMG equipment market is set for significant growth in the coming years, driven by technological innovations, rising neurological disorders, and increasing healthcare expenditure. As the market evolves, companies will continue to innovate and expand, catering to the growing demand for advanced neurological diagnostic tools.

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