Market Insights
The EEG-EMG Equipment Market is estimated to grow from at a healthy CAGR of 7.2% during the forecast period.
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EEG-EMG Equipment Market- Research Scope
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Major End Use Segment
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Hospitals
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Region with the highest demand
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North America
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Key Players
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Allengers Medical Systems Limited (India), Cadwell Industries Inc. (US), Compumedics Limited (Australia), Electrical Geodesics Inc. (US), General Electric Company, Masimo Corporation (US), Medtronic Plc (Ireland), Natus Medical Incorporated (US), Nihon Kohden Corporation (Japan), Zynex Inc (US)
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Market Growth
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7.2% CAGR
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What is EEG-EMG Equipment?
Electroencephalogram (EEG) equipment finds widespread usage in monitoring the electrical activity of the brain. It relies on amplifiers, electrodes, filters and an analog to digital converter to record brain wave patterns as well as send the data to a computer or cloud device. It is used in diagnosing conditions, including epilepsy, seizures, dizziness, head injuries, brain tumors, headaches, and sleeping disorders. Whereas, electromyography (EMG) equipment enables to evaluate the electrical activity in skeletal muscles. It consists of cables which attach multiple electrodes to a signal speaker, amplifier, oscilloscope and a recorder.
Covid-19 Impact Analysis
The COVID-19 pandemic has moderately affected the EEG-EMG Equipment industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.
Key Players
Key players operating in the EEG-EMG Equipment Market are-
- Allengers Medical Systems Limited (India)
- Cadwell Industries Inc. (US)
- Compumedics Limited (Australia)
- Electrical Geodesics Inc. (US)
- General Electric Company
- Masimo Corporation (US)
- Medtronic Plc (Ireland)
- Natus Medical Incorporated (US)
- Nihon Kohden Corporation (Japan)
- Zynex Inc (US)
Market Dynamics
The EEG-EMG Equipment market is primarily driven by rising prevalence of neurological disorders among the pediatric population and increasing aging population. Also, EEG and EMG equipment are painless, safe, non-invasive and take less time in testing, thus augments the market growth. Moreover, surging adoption of minimally invasive procedures, improving healthcare infrastructure, and growing awareness regarding early diagnostics and testing further boosts the industry growth during the forecast timeline.
Segment’s Analysis
End Use Trends
Based on end use, the EEG-EMG Equipment market has been classified into hospitals, ambulatory surgical centers, and clinics. The hospitals segment accounted for the largest market share in 2020. This is mainly attributed to the rising burden of neurological diseases, which, is augmenting the need for quality neurology care as well as increasing the number of patient visits to physician offices for the diagnosis of seizures and brain tumors.
Regional Trends
By region, the North America EEG-EMG Equipment market accounted the highest share in 2020 and is expected to grow at a robust CAGR during the review period. The EEG-EMG Equipment market growth is mainly attributed to changing lifestyle of the people, increasing occurrences of seizures & dizziness, and prevalence of better healthcare facilities, rising healthcare spending, and favorable reimbursement & insurance plans, augments the regional market growth during the forecast timeline.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the EEG-EMG equipment market. Following are the critical questions answered in the report.
- What are the key trends in the EEG-EMG equipment market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on EEG-EMG equipment market?
- What are the key strategies adopted by the major vendors to lead in the EEG-EMG equipment market?
- What is the market share of the top vendors?
Target Audience
The target audience of EEG-EMG Equipment Market includes-
- EEG-EMG Equipment Vendors
- EEG-EMG Equipment Manufacturers
- EEG-EMG Equipment Distributors
- Organizations
- Government Bodies.
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