Rising Prevalence Of Neurological Disorders Fueling The Neurophysiology Device Market: Strengthening the Growth Trajectory of the Neurophysiology Devices And Equipment Market

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What Is the Expected CAGR for the Neurophysiology Devices And Equipment Market Through 2025?
In recent times, there has been a significant increase in the market size of neurophysiology devices and equipment. The market is projected to grow from a value of $1.61 billion in 2024 and reach $1.72 billion in 2025, representing a compound annual growth rate (CAGR) of 6.8%. This growth during the historical period is attributed to the escalating prevalence of neurological disorders, the increasing need for early diagnosis, an aging population, and the rising incidence of chronic diseases.

What's the Projected Size of the Global Neurophysiology Devices And Equipment Market by 2029?
In the coming years, the neurophysiology devices and equipment market is predicted to experience robust growth, expanding to $2.28 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. This predicted growth during the forecast period is due to several factors, including personalized medicine, the advancement of neurological research, neurorehabilitation, and an increase in investment in neurophysiology infrastructure, as well as a rising demand for cloud-based neurophysiology solutions. Key trends for the forecast period feature advancements in neurophysiology technology, non-invasive brain stimulation, miniaturization and portability, functional neuroimaging, and the use of wireless and wearable devices, neural interface technology, and clinical research and drug development.

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Top Growth Drivers in the Neurophysiology Devices And Equipment Industry: What's Accelerating the Market?
The surge in the neurophysiology device and equipment market can be traced back to the rising global occurrence of neurological disorders. These disorders are considered among the most common of all recurrent diseases, with over 600 identified types including ailments like brain tumors, epilepsy, Parkinson's disease, Alzheimer's, etc. These conditions form the leading cause group of Disability Adjusted Life Years (DALYs)-the number of years lost to illness, disability, or premature death. The growing incidence of neurological illnesses, coupled with the increasing patient count, triggers a higher demand for devices used in treating these disorders. For instance, Cancer Research UK, a UK-based charity, reported in February 2023 that the yearly average incidence of new brain, other CNS, and intracranial tumors in the UK is projected to rise from approximately 12,600 cases between 2023 and 2025 to around 13,600 cases by 2038 to 2040. This increase would stimulate the demand for medical devices used in treating neurological disorders, thereby propelling the Neurophysiology device and equipment market throughout the forecast period.

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What Trends Will Shape the Neurophysiology Devices And Equipment Market Through 2029 and Beyond?
Enterprises in the neurophysiology devices and equipment market are channeling resources towards the enhancement of technology to amplify the efficacy of their products. There is a surge in technological breakthroughs in the field of brain monitoring gadgets, such as EEG tracking, brain simulation therapies, and Intraoperative Neurophysiological Monitoring. These latest technological advancements facilitate the production of devices incorporating or adopting methodologies like advanced neuroimaging techniques, stem cell treatments, molecular interventions, and microbiome technologies. There's also a rising trend of portable and wearable device technology aiding in home-based surveillance for conditions like epilepsy and sleep apnea. For instance, in March 2022, Braintale, a company based in France and a pioneer in brain medication, premiered the brainTale-care platform. This platform is exclusively designed for white matter quantification and an offering termed brainScore-com, which forecasts coma.

What Are the Main 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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Which Top Companies are Driving Growth in the Neurophysiology 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 Regions Will Dominate the Neurophysiology Devices And Equipment Market Through 2029?
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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