Neuromicroscopy Market: Key Players Profile - Hitachi Ltd, GE Healthcare Inc., Siemens AG, Carl Zeiss Meditec AG.
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However, increased cost of advanced microscopes and heavy custom and excise duty imposed by government in various countries are negatively impacting the growth of the market.
Devices are likely to be one of the top-selling products in the global market for neuromicroscopy. By 2026 end, devices are estimated to reach nearly US$ 80 million revenue. Meanwhile, softwares are also anticipated to witness strong growth during 2017-2026. With the rise in the various neurological disorders, manufacturers are producing advanced devices that can help in diagnoses as well as assist in surgical procedures.
Compared to the various end users, hospitals are likely to gain more than half of the revenue share towards 2017 end. Hospitals are estimated to reach nearly US$ 60 million revenue towards 2026 end. Meanwhile, specialty clinics are also likely to witness growth between 2017 and 2026.
Standalone devices are likely to account for more than half of the revenue share by 2017 end. Standalone devices are also estimated to exceed US$ 70 million revenue by 2026 end.
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Europe is anticipated to emerge as the most attractive region in the global market for neuromicroscopy. The region is also likely to witness robust growth between 2017 and 2026. Medical tourism initiatives are being taken up, especially to treat critical diseases such as cancer. Moreover, various universities and institutions in the region are also conducting research in the field of neuroscience to come up with the devices that can help in the treatment of various neurological disorders.
On the other hand, North America is also anticipated to witness growth in the neuromicroscopy market between 2017 and 2026. Government is taking an initiative to support on-going research in the field of neuroscience and also the presence of major market players are some of the factors driving the growth of neuromicroscopy market. Asia Pacific Excluding Japan (APEJ) also presents an opportunity for market players, owing to the increase in healthcare expenditure in countries such as India and China.
Major participants in the global market for neuromicroscopy market include Hitachi Ltd, GE Healthcare Inc., Siemens AG, Carl Zeiss Meditec AG, Koninklijke Philips N.V., Danaher Corporation, Pridex Medicare Pvt. Ltd., Synaptive Medical Inc., and Haag-Streit AG. Major market players are trying to gain competitive advantage by focusing on innovative technologies.
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