Electro-Diagnostic Devices Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Electro-Diagnostic Devices Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Electro-diagnosis is a field of science that studies the human neurology with the help of electrophysiology. An electrical signal is applied to a nerve and the resultant evoked electrical signals are measured electro-diagnostic devices. Electromyography (EMG), Neurodiagnostics (NDS), and Evoked Potentials (EPs) are some of the major aspects of electro-diagnosis. These devices assist the healthcare practitioners or physicians in evaluating several conditions such as myopathy, neuropathy, neuromuscular junction disorder, and plexopathy.
Market Dynamics
Demand for electro-diagnostic devices is high, owing to rising burden of neurodegenerative disorder among aging population such as Parkinson's and Alzheimer's disease. According to the Alzheimer’s Association, in 2021, around 700,000 Americans under age group ≥65 years died with Alzheimer's disease (AD), and many of them died because of the complications caused by AD.
Moreover, introduction of technologically advanced EEG equipment’s with innovative features such as precision monitoring abilities and ease of handling enhances the market growth. For instance, in May 2018, Zeto, Inc., a medical technology company received approval from the U.S. Food and Drug Administration (FDA) for its EEG headset named zEEG. The zEEG is the first FDA approved dry electrode EEG headset that offers instant upload, tools for analysis, and remote interpretation by neurologists.
However, cost containment, lack of skilled labours, and inadequate reimbursement policies hampers the growth of global electro-diagnostic devices market. Furthermore, stringent regulatory guidelines and framework associated with medical electrodes or guidelines to appropriate usage are restraining growth of electro-diagnostic devices market.
Key features of the study:
This report provides in-depth analysis of the electro-diagnostic devices market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period (2022-2028), considering 2021, as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global electro-diagnostic devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Medtronic, Abbott, Boston Scientific Corporation, Siemens Medical Solutions, Philips Medical Systems, GE Healthcare, Noraxen, Viasys Healthcare, Natus Medical, Cadwell Laboratories Inc, Compumedics Limited, and Nihon Kohden among others.
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global electro-diagnostic devices market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for electro-diagnostic devices market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:
Global Electro-diagnostic devices Market, By Product Type:
Electromyogram (EMG)
Nerve Conduction (NCS)
Electrocardiography (ECG)
Electroencephalography (EEG)
Electroretinography (ERG)
Electrogastrography (EGG)
Others
Global Electro-diagnostic devices Market, By End User:
Hospitals & clinics
Ambulatory care research centers
Rehabilitation centers
Diagnostic centers
Others
Global Electro-diagnostic devices Market, By Region:
North America
By Country:
U.S.
Canada
By Product Type:
Electromyogram (EMG)
The Nerve Conduction (NCS)
Electrocardiography (ECG)
Electroencephalography (EEG)
Electroretinography (ERG)
Electrogastrography (EGG)
Others
By End User:
Hospitals & clinics
Ambulatory care research centers
Rehabilitation centers
Diagnostic centers
Others
Europe
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
By Product Type:
Electromyogram (EMG)
The Nerve Conduction (NCS)
Electrocardiography (ECG)
Electroencephalography (EEG)
Electroretinography (ERG)
Electrogastrography (EGG)
Others
By End User:
Hospitals & clinics
Ambulatory care research centers
Rehabilitation centers
Diagnostic centers
Others
Asia Pacific
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
By Product Type:
Electromyogram (EMG)
The Nerve Conduction (NCS)
Electrocardiography (ECG)
Electroencephalography (EEG)
Electroretinography (ERG)
Electrogastrography (EGG)
Others
By End User:
Hospitals & clinics
Ambulatory care research centers
Rehabilitation centers
Diagnostic centers
Others
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Product Type:
Electromyogram (EMG)
The Nerve Conduction (NCS)
Electrocardiography (ECG)
Electroencephalography (EEG)
Electroretinography (ERG)
Electrogastrography (EGG)
Others
By End User:
Hospitals & clinics
Ambulatory care research centers
Rehabilitation centers
Diagnostic centers
Others
Middle East
By Country:
GCC
Israel
Rest of Middle East
By Product Type:
Electromyogram (EMG)
The Nerve Conduction (NCS)
Electrocardiography (ECG)
Electroencephalography (EEG)
Electroretinography (ERG)
Electrogastrography (EGG)
Others
By End User:
Hospitals & clinics
Ambulatory care research centers
Rehabilitation centers
Diagnostic centers
Others
Africa
By Country:
South Africa
Central Africa
North Africa
By Product Type:
Electromyogram (EMG)
The Nerve Conduction (NCS)
Electrocardiography (ECG)
Electroencephalography (EEG)
Electroretinography (ERG)
Electrogastrography (EGG)
Others
By End User:
Hospitals & clinics
Ambulatory care research centers
Rehabilitation centers
Diagnostic centers
Others
Company Profiles
Medtronic*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Abbott Laboratories
Boston Scientific Corporation
Siemens Medical Solutions
Philips Medical Systems
GE Healthcare
Noraxen
Viasys Healthcare
Natus Medical
Cadwell Laboratories Inc.
Compumedics Limited
Nihon Kohden
“*” marked represents similar segmentation in other categories in the respective section.