Neurophysiology Devices And Equipment Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Neurophysiology Devices And Equipment Market?
The growth of the neurophysiology device and equipment market is primarily driven by the increasing incidence of neurological disorders worldwide. Neurological diseases like brain tumors, epilepsy, and Parkinson’s disease are becoming more prevalent, contributing to higher demand for related medical devices. According to Cancer Research UK, new cases of brain tumors in the UK are projected to rise from 12,600 annually between 2023-2025 to 13,600 by 2038-2040. This uptick in neurological conditions is driving the demand for neurophysiology devices and equipment.
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#How Will the CAGR of the Neurophysiology Devices And Equipment Market Influence Its Overall Growth by 2034?
The neurophysiology devices and equipment market size has grown strongly in recent years. It will grow from $1.61 billion in 2024 to $1.72 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The market growth is driven by the rising prevalence of neurological disorders, increasing demand for early diagnosis, an aging population, and the rising prevalence of chronic diseases.
The neurophysiology devices and equipment market is forecasted to grow steadily, reaching $2.28 billion by 2029, at a CAGR of 7.3%. The growth is attributed to personalized medicine, increased neurological research, neurorehabilitation, and growing investments in neurophysiology infrastructure. Key trends include advances in neurophysiology technology, non-invasive brain stimulation, wireless and wearable devices, and neural interface technology.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theNeurophysiology Devices And Equipment Market?
The neurophysiology devices market is embracing advanced technology, such as portable brain monitoring devices. Braintale’s brainTale-care platform, launched in March 2022, helps with white matter quantification and coma prediction, offering a new approach to brain health management.
Who Are the Top Companies Driving Innovation and Growth in theNeurophysiology Devices And Equipment Market?
Major companies operating in the neurophysiology devices and equipment market include Medtronic Plc, Nihon Kohden Corporation, Dr. Langer Medical Gmbh, Natus Medical Incorporated, Inomed Medizintechnik, NuVasiveInc, Axon Healthcare Ltd., Bovie Medical Corporation, Neurosign, Neurowave Systems, Cadwell Industries, Brainsway, Checkpoint Surgical, Deymed diagnostic Inc., EMS Biomedical, Halyard Health, Compumedics Limited, Magtism, Erbe Elektromedizi, Langer Medical, Shanghai NCC Medical, Ambu, Blackrock Microsystems, Cognionics, Morningside Medical Equipment, BeckerSmith Medical, Cognivue, Helius Medical Technologies, inTRAvent Medical Partners, Neural Diagnostics Pty Ltd, Irras AB
Which Key Market Segments Comprise the Neurophysiology Devices And Equipment Market and Drive Its Revenue Growth?
The neurophysiology devices and equipment market covered in this report is segmented –
1) By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECoG), Evoked potential (EP)
2) By Modality: Standalone, Portable
3) By End Users: Hospitals, Ambulatory Surgical Centers
Subsegments:
1) By Electromyography (EMG): Surface EMG Devices, Needle EMG Devices, Wireless EMG Devices
2) By Electroencephalography (EEG): Conventional EEG Systems, Portable EEG Systems, Wireless EEG Systems
3) By Electrocorticography (ECoG): Grid Electrodes, Strip Electrodes, Subdural Electrodes
4) By Evoked Potential (EP): Visual Evoked Potential (VEP) Devices, Auditory Evoked Potential (AEP) Devices, Somatosensory Evoked Potential (SEP) Devices
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Which Regions Are Emerging as Leaders in the Neurophysiology Devices And Equipment Market?
The countries covered in the neurophysiology devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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