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Growing Burden of Neurological Diseases Drives the EEG, EMG and Evoked Potential Devices Market, According to New Report by Global Industry Analysts, Inc.(April 29, 2014)
San Jose, California (PRWEB) April 29, 2014
Follow us on LinkedIn Fueled by aging population, growing prevalence of neurological diseases, and technological advancements, global market for EEG, EMG and Evoked Potential Devices is expected to register healthy growth in the coming years. Monitoring of brain function has assumed significant importance, as changes in these functions are often a precursor to numerous degenerative diseases. Technological developments are enabling clinicians to use brain monitoring devices in a number of new applications, including observation of stress and fatigue. Growing awareness over the importance of neurological monitoring in reducing the risk of neurologic injury during surgical procedures is resulting in increased use of EEG and EMG devices in critical care units, during pre-operative and post-operative periods. Intraoperative neurological monitoring is being standardized as a critical requirement in monitoring brain activity of anesthetized patients. Demographic changes are also helping spur global growth with a growing base of aging people vulnerable to neurodegenerative degenerative diseases like Parkinson's and Alzheimer's disease, offering new opportunities for growth. Neurological monitoring for disease progression is the key towards administering effective therapies for Parkinson's and Alzheimer's disease.
Brain monitoring devices are widely used in operating rooms, ambulatory units, and intensive care units. The emergence of specialized neurological facilities such as sleep centers and EEG labs, will continue to generate demand for EEG equipment. As stated by the new market research report on EEG, EMG and Evoked Potential Devices, Europe and the United States represent the largest markets worldwide. Developing regions such as Asia-Pacific and Latin America are forecast to drive future growth in the market. Asia-Pacific ranks as the fastest growing market with a CAGR of 11.0% over the analysis period. Growth in the region is led by increase in the number of hospitals and clinics migrating to advanced treatment and monitoring practices. EEG devices represents the largest and the fastest growing product segment within the global EEG, EMG and Evoked Potential devices market. EEG systems are commonly used for long-term monitoring of epilepsy in developed countries, which are witnessing a spurt in the number of epilepsy cases.
Technological developments are expected to catalyze growth in the market. Sales especially are poised to gain from the introduction of scientifically advanced digital EEG equipment with innovative features such as sophisticated seizure detection algorithms, high precision monitoring abilities, ease of operation, and interoperability. The steady increase in number of channel capacity of EEG systems from 20 to 256 and to the current 512 has facilitated enhanced spatial resolution. Other innovative features developed of late include digital video option, and synchronized video recording of patient movements and electrical activity of the brain.
Major players covered in the report include Cadwell Laboratories Inc., Compumedics Limited, Covidien Limited, Electrical Geodesics Inc., Natus Medical Inc., NeuroWave Systems Inc., Nihon Kohden Corporation, Nihon Kohden America Inc. and Noraxon U.S.A., Inc., among others.
The research report titled EEG, EMG and Evoked Potential Devices: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of the trends, drivers, technological developments, challenges, mergers, acquisitions, and other strategic industry activities of major and niche players. The report provides market estimates and projections in units and dollars for all the major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. The global and regional markets for EEG, EMG and Evoked Potential Devices are analyzed by the product segments such as Electroencephalograph Equipment, and Electromyographs/Evoked Potential Units.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/EEG_EMG_and_Evoked_Potential_Devices_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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