EEG & EMG Equipment Market

EEG & EMG Equipment Market Size (2023 to 2028)

The global EEG & EMG equipment market size is expected to grow at a CAGR of 7.43% from 2023 to 2028.

Electroencephalography (EEG) is the device used to record the brain's electrical activity by monitoring continuously with the electrophysiological method. In general, this device shows significant results in diagnosing epilepsy. It is also used in diagnosing other disorders like depth of anesthesia, coma, brain death, and sleep disorders. Electromyography (EMG) is used to evaluate and record electrical activity produced by skeletal muscles. It will help physicians to analyze any medical abnormalities and evaluate better treatment procedures for the patient. It has extensive usage in identifying neuromuscular diseases and also in research centers for studying kinesiology. Modern technology is playing a pivotal role in promoting the applications of EEG & EMG equipment. 

MARKET DRIVERS:

The growing prevalence of several brain disorders is the key driving factor for the EEG & EMG equipment market to grow.

A growing tendency for the safety of patients is propelling the demand of the market. The trend towards easy handling and convenient devices in the medical sector and high precision accelerates the growth of the EEG & EMG equipment market. Also, the market is fuelled by a rise in awareness among people over the availability of various treatment procedures. Escalating spending on healthcare and the growing urban population are expanding the growth rate for the EEG & EMG Equipment Market to grow eventually. 

Increasing investments in hospitals' construction with the latest equipment provide growth opportunities for the market. Initiative steps by the government by changing schemes in favor of the end-user and also the launch of reimbursement is gearing up the growth rate of the EEG & EMG Equipment Market. The rise in the demand to improve the quality of services in clinics and healthcare centers also promotes the growth of the EEG & EMG equipment market. Furthermore, the market is fuelled by a growing focus on developing new features for the equipment with the latest technologies. 

MARKET RESTRAINTS:

However, the cost for installation and maintenance of the equipment needs massive amounts that cannot be affordable by small-scale sectors is slowly impeding the growth of the market. The shortage of skilled persons in analyzing the reports more effectively due to fewer training programs limits the growth rate of the EEG & EMG equipment market. Frequent changes in the software are challenging attributes for market participants. 

Impact of Covid-19 on the global EEG & EMG equipment market:

The Coronavirus (COVID-19) pandemic has affected people all over the world. COVID-19 is also causing supply chain and logistics costs to rise and creating confusion in major global markets. Electromyography (EMG) equipment is used to assess skeletal muscle electrical activity. Multiple electrodes are connected to a signal amplifier, speaker, oscilloscope, and recorder through cables. To detect the electrical activity of the brain, electroencephalogram (EEG) equipment is commonly used. It uses electrodes, amplifiers, filters, and an analog-to-digital to monitor brain wave patterns and send the data to a computer or cloud system. Many research institutes are using EEG machines to examine central nervous system (CNS) symptoms such as headache and discomfort in patients diagnosed with coronavirus disease (COVID-19), which is expected to accelerate market development. Compared to brain monitoring systems, COVID-19 has resulted in a large increase in demand for ventilators, and manufacturers are now concentrating their efforts on meeting that demand.

The market saw an increase in demand for some COVID-19-related products, such as respiratory, computed tomography (CT), monitoring solutions, x-ray, anesthesia, and point-of-care ultrasound products first quarter of 2020. However, there was a decline in demand and procurement delays in other goods and services that were not vital to the COVID-19 response efforts or where procedures such as magnetic resonance imaging, nuclear imaging, and electroencephalography, among others, could be delayed. Elective neurology procedures have been temporarily canceled in most hospitals to minimize the risk of infection to clinicians, staff, and patients and/or to preserve resources in preparation for an influx of COVID-19 patients. As a result, the EEG & EMG Equipment market has moderate growth during the forecast period.

REPORT COVERAGE:

This research report on the global EEG & EMG equipment market has been segmented & sub-segmented based on the product, modality, end-user, and region.

EEG & EMG Equipment Market - By Product:

• Electroencephalography
• Electromyography

The electroencephalography segment leads with the highest share of the market based on the product, whereas the electromyography segment is growing faster over the past decade. The rise in the number of people suffering from neuron disorders is the primary factor for increasing eventually. The prevalence of early diagnosis and correct treatment procedures at any cost boosts segmental growth. 

EEG & EMG Equipment Market - By Modality:

• Standalone
• Portable

The market is led by a portable segment based on modality due to its convenient and easy handling features. Portable devices are trending in modern days as they can be operated efficiently at any place and give results with high precision within significantly less time. The increasing scale of research institutes is elevating the growth rate of the market. 

EEG & EMG Equipment Market - By End-User:

• Hospitals
• Ambulatory Surgical Centers
• Research Institutes
• Diagnostic Centers
• Homecare Settings

Based on the end-user, the hospital's sector holds the highest share of the market with the increasing flow of patients. The rise in support from private and public organizations through funds is leveraging the demand of this market extensively. 

EEG & EMG Equipment Market - By Region:

• North America
  • The U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Rest of APAC
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America
• Middle East
• Africa

Regionally, North America is witnessed in leading the highest share of the market by owing to increasing revenue in developed and developing countries. Adopting advanced technologies and the launch of innovative devices in the medical sector are escalating the EEG & EMG Equipment Market growth in North America. The U.S. is having the largest shares of the market of all other countries with the rising demand to evaluate excellent diagnostic and treatment procedures.

Europe is following North America in leading dominant shares of the market with increasing disposable income in urban areas. Also, investments in research institutes to launch new products are ascribed to bolster the demand of the EEG & EMG Equipment Market. The emergence of portable devices in ambulatory services, which are very helpful in emergencies, is outshining the market's growth.

The Asia Pacific has had a tremendous growth rate in recent years and continues the same flow in the review period. The rise in the elderly population magnifies the growth rate of the EEG & EMG equipment market in this region. 

KEY MARKET PLAYERS:

Some of the most prominent companies leading the global EEG & EMG equipment market profiled in this report are Compumedics Limited, Covidien Limited, Natus Medical Inc., NeuroWave Systems Geodesics Inc., Cadwell Laboratories Inc., Nihon Kohden America Inc., and Noraxon U.S.A. Inc.

RECENT MARKET HAPPENINGS :

• EEGSmart introduced its product offering of UMindSleep, a Mini EEG Sleep Monitor, at the Consumer Electronics Show (CES) 2019 in January 2019, China's first professional EEG-centered bioinformatics sensor and artificial intelligence solution provider.
• Imec, a nanoelectronics and emerging technology research and development company, and Holst Centre announced an EEG headset for emotion detection in January 2018.
• International companies such as Tesla and Facebook successfully announced plans to build Brain-Machine Interface in 2019. Head-mounted instruments, applications, electrodes, BCI systems, and bio-sensors are part of BCI companies' product portfolios. Entertainment/gaming, personal fitness, schooling, and everyday activities are all examples of BCI applications.
• The Masimo’s next-generation SedLine brain function monitor for pediatric patients aged one to 18 years old earned CE Mark approval in March 2019; this device assesses brain function while the patient is under anesthesia. 
• Nihon Kohden (Japan) introduced the aireeg WEE-1200, a wireless EEG system that offers real-time data during long-term epilepsy monitoring, intensive care, and routine EEG, in March 2018.
• Kickstarter, an American public-benefit corporation, announced wireless earbuds for recording EEG, which transfers brainwave data to the phone, in May 2016.