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Rising Prevalence Of Neurological Disorders Fueling The Neurophysiology Device Market: A Significant Driver Propelling The Neurophysiology Devices And Equipment Market In 2025
Neurophysiology Devices And Equipment Market Growth
What Is the Neurophysiology Devices And Equipment Market Size and Projected Growth Rate?
The neurophysiology devices and equipment market has seen strong growth, expected to rise from $1.61 billion in 2024 to $1.72 billion in 2025 at a CAGR of 6.8%. This growth is driven by the increasing prevalence of neurological disorders, the demand for early diagnosis, an aging population, and the growing incidence of chronic diseases.
The neurophysiology devices and equipment market is projected to grow steadily, reaching $2.28 billion by 2029 at a CAGR of 7.3%. This growth will be driven by personalized medical approaches, neurological research, neurorehabilitation advancements, and cloud-based solutions. Emerging trends involve portable devices, brain stimulation techniques, functional imaging, wearable tech, and drug development support tools.
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What Are the Major Segments in the Neurophysiology Devices And Equipment Market?
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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What Are The Driving Neurophysiology Devices And Equipment Market Evolution?
The neurophysiology device and equipment market is expanding due to the increasing global prevalence of neurological disorders. With over 600 neurological conditions, including brain tumors, epilepsy, and Parkinson's disease, the demand for related medical devices is growing. The incidence of brain tumors in the UK is expected to rise from 12,600 cases annually between 2023 and 2025 to 13,600 by 2038-2040, further propelling demand for neurological treatment devices.
Which Firms Dominate The Neurophysiology Devices And Equipment Market Segments?
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
What Are the Major Trends Shaping the Neurophysiology Devices And Equipment Market?
In the neurophysiology devices and equipment market, companies are investing in technology to enhance the efficiency of brain monitoring devices. Innovations like EEG monitoring, brain simulation therapies, and portable devices for home-based monitoring are becoming more common. In March 2022, Braintale launched the brainTale-care platform, designed for white matter quantification and predicting coma, showcasing advancements in brain monitoring technology.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neurophysiology Devices And Equipment Market?
2. What is the CAGR expected in the Neurophysiology Devices And Equipment Market?
3. What Are the Key Innovations Transforming the Neurophysiology Devices And Equipment Industry?
4. Which Region Is Leading the Neurophysiology Devices And Equipment Market?
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