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Neurodiagnostic and Monitoring Devices Market

Global Neurodiagnostic and Monitoring Devices Market Size: By Product: Magnetoencephalography (MEG), Electromyography (EMG), Transcranial Cerebral Oximeters, Electroencephalogram (EEG), Cerebral Oximeters, Intracranial Pressure Monitor; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Neurodiagnostic and Monitoring Devices Market Outlook

The global neurodiagnostic and monitoring devices market is projected to grow at a CAGR of 9% during the forecast period of 2024-2032. The industry is being driven by the increasing instances of neurological disorders like stroke, migraine, autism, and others, along with the rising health awareness among consumers due to government initiatives and other developments.

 

Global Neurodiagnostic and Monitoring Devices Market

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Market Segmentation

To treat neurological disorders such as stroke, migraine, autism, Parkinson's disease, and ischemic stroke, neurodiagnostic and monitoring devices are used. These devices include devices such as CT scanners, MRI scanners, PET scanners, etc.

 

Global Neurodiagnostic and Monitoring Devices Market By End Use

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The industry can be broadly categorised on the basis of its product into:

  • Magnetoencephalography (MEG)
  • Electromyography (EMG)
  • Transcranial Cerebral Oximeters
  • Electroencephalogram (EEG)
  • Cerebral Oximeters
  • Intracranial Pressure Monitor

The industry can be divided on the basis of its end-uses as:

  • Operation Theatres
  • Hospitals
  • Clinics
  • Neurophysiological Laboratories

The EMR report looks into the regional neurodiagnostic and monitoring devices markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Neurodiagnostic and Monitoring Devices Market By Region

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Market Analysis

The major factors driving the demand for neurodiagnostic and monitoring devices include a rise in the incidence of neurological disorders, devices ' ability to monitor patients in ICUs, sleep monitoring, ease of portability, and devices' low cost in comparison to other medical imaging instruments. Nonetheless, the lack of skilled workers and EEG limitations in providing accurate diagnosis can hinder the market growth. However, the growing technological developments and the increased awareness of health care among people is expected to bring numerous opportunities for the growth of neurodiagnostic and monitoring devices in the forecast period.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global neurodiagnostic and monitoring devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Cadwell Industries, Inc.
  • Compumedics Limited
  • Delsys Incorporated
  • Electrical Geodesic, Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • End Use
  • Region
Breakup by Product
  • Magnetoencephalography (MEG)
  • Electromyography (EMG)
  • Transcranial Cerebral Oximeters
  • Electroencephalogram (EEG)
  • Cerebral Oximeters
  • Intracranial Pressure Monitor
Breakup by End Use
  • Operation Theatres
  • Hospitals
  • Clinics
  • Neurophysiological Laboratories
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cadwell Industries, Inc.
  • Compumedics Limited
  • Delsys Incorporated
  • Electrical Geodesic, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Neurodiagnostic and Monitoring Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Neurodiagnostic and Monitoring Devices Historical Market (2018-2023) 
    8.3    Global Neurodiagnostic and Monitoring Devices Market Forecast (2024-2032)
    8.4    Global Neurodiagnostic and Monitoring Devices Market by Product
        8.4.1    Magnetoencephalography (MEG)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Electromyography (EMG)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Transcranial Cerebral Oximeters
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Electroencephalogram (EEG)
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Cerebral Oximeters
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Intracranial Pressure Monitor
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
    8.5    Global Neurodiagnostic and Monitoring Devices Market by End Use
        8.5.1     Operation Theatres
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Hospitals
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Clinics
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Neurophysiological Laboratories
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032) 
    8.6    Global Neurodiagnostic and Monitoring Devices Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Neurodiagnostic and Monitoring Devices Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Neurodiagnostic and Monitoring Devices Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Neurodiagnostic and Monitoring Devices Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Neurodiagnostic and Monitoring Devices Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Neurodiagnostic and Monitoring Devices Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain  Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Cadwell Industries, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Compumedics Limited
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Delsys Incorporated
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Electrical Geodesic, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Neurodiagnostic and Monitoring Devices Market: Key Industry Highlights, 2018 and 2032
2.    Global Neurodiagnostic and Monitoring Devices Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Neurodiagnostic and Monitoring Devices Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Neurodiagnostic and Monitoring Devices Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Neurodiagnostic and Monitoring Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Neurodiagnostic and Monitoring Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Neurodiagnostic and Monitoring Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Neurodiagnostic and Monitoring Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Neurodiagnostic and Monitoring Devices Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Neurodiagnostic and Monitoring Devices Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Neurodiagnostic and Monitoring Devices Market Structure

Key Questions Answered in the Report

The global neurodiagnostic and monitoring devices market is projected to grow at a CAGR of 9% between 2023 and 2032.

The major drivers of the market include the increasing instances of neurological disorders and growing healthcare infrastructure.

The rising health awareness among the consumers and advancements in device technology are the key trends propelling the growth of the market.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading products of neurodiagnostic and monitoring devices in the market are magnetoencephalography (MEG), electromyography (EMG), transcranial cerebral oximeters, electroencephalogram (EEG), cerebral oximeters, and intracranial pressure monitor.

The significant end use sectors of neurodiagnostic and monitoring devices in the market are operation theatres, hospitals, clinics, and neurophysiological laboratories.

The major players in the market are Cadwell Industries, Inc., Compumedics Limited, Delsys Incorporated, and Electrical Geodesic, Inc., among others.

Analyst Review

Aided by the rising health awareness among consumers, the global neurodiagnostic and monitoring devices market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 9%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the neurodiagnostic and monitoring devices industry can be segmented into magnetoencephalography (MEG), electromyography (EMG), transcranial cerebral oximeters, electroencephalogram (EEG), cerebral oximeters, and intracranial pressure monitor. On the basis of end use, the market is divided into operation theatres, hospitals, clinics, and neurophysiological laboratories. The major regional markets for neurodiagnostic and monitoring devices are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cadwell Industries, Inc., Compumedics Limited, Delsys Incorporated, and Electrical Geodesic, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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