Electro-Diagnostic Devices Market, by Product Type (Electromyogram (EMG),  Nerve Conduction (NCS), Electrocardiography (ECG), Electroencephalography (EEG), Electroretinography (ERG), Electrogastrography (EGG) and Others), by End User (Hospitals & clinics, Ambulatory care research centers, Rehabilitation centers, Diagnostic centers and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • Published On : Dec 2018 |
  • Pages : 145 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Electro-Diagnostic Devices Market – Insights

Electro-diagnostic devices are used to diagnose the neurological diseases by recording the electrical activity of body parts or by measuring their response to evoked potentials. The medical professionals use electrophysiological techniques such as needle electromyography and nerve conduction studies to diagnose, evaluate, and treat individuals with impairments of the neurologic, neuromuscular, and/or muscular systems.

The global electro-diagnostic devices market size was valued at US$ 970.6 million in 2017, and is expected to witness a CAGR of 7.50% over the forecast period (2018 – 2026).

Global Electro-Diagnostic Devices Market Share (%) Analysis, by Product Type, 2018 and 2026

Source: Coherent Market Insights Analysis (2018)

Increasing Prevalence of Neuromuscular Diseases such as Amyotrophic lateral sclerosis (ALS), Multiple sclerosis, and Muscular dystrophy is Expected to Drive the Electro-Diagnostic Devices Market Revenue

Rising prevalence of neuromuscular diseases such as Amyotrophic Lateral Sclerosis (ALS), multiple sclerosis, and muscular dystrophy is propelling demand for electro-diagnosis, which in turn is driving growth of the electro-diagnostic devices market. For instance, according to the Cleveland Clinic Foundation, 2016, multiple sclerosis affects around 2.5 million people worldwide. Early symptoms of multiple sclerosis majorly occur in age group of 20-50 years.

Growing geriatric population worldwide is increasing the risk of neuromuscular disorders, which is also a major factor driving the electro-diagnostic devices market growth. For instance, as per the report published by United Nations in 2017, the number of older people in age group 60 years or over is projected to reach from 962 million in 2017, to 2.1 billion in 2050 globally. Furthermore, according to the U.S. Census Bureau’s 2017, National Population Projections, an estimated 78.0 million people will be around age 65 years and older as compared to 76.7 million under the age of 18 in U.S by 2035.

Electro-Diagnostic Devices Market Restraints

Although demand for electro-diagnostic devices is increasing worldwide, there is a lack of skilled labors in low-income countries such as India. Unfavorable labor laws and limited trained workforce in India to install operate, repair, and service equipment is restraining growth of the electro-diagnostic devices market.

Moreover, high installation and maintenance costs of these complex devices is one of the major factor hampering growth of the market. For instance, the high cost of EEG system, which is nearly US$ 1,13,616 and high cost of maintenance limits its widespread use in for Epilepsy Monitoring Units (EMUs) across the globe, especially in developing economies where the funding or reimbursements for these devices is inadequate.

Electro-Diagnostic Devices Market - Regional Insights

On the basis of region, the global electro-diagnostic devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In 2026, North America is expected to hold the leading position in the global electro-diagnostic devices market, owing to well-established healthcare infrastructure, higher adoption rate for technologically advanced products by the healthcare providers and growing awareness regarding advanced medical devices are major factors driving growth of the electro-diagnostic devices market. Moreover, high prevalence of neurological diseases area fueling growth of the market. For instance, according to National Centers for Biotechnology Information (NCBI), multiple sclerosis affects around 1 million individuals in the U.S. in 2016.

Asia Pacific electro-diagnostic devices market is expected to grow at the highest rate due to high patient pool in the region. Increasing healthcare expenditure will act as a driver for growth of medical sector in countries such as India. Continuous developments and rising demand for better electro-diagnostics device in the region are expected to boost the electro-diagnostic devices market growth in near future.

Global Electro-Diagnostic Devices Market Value (US$ Mn) & Y-o-Y Growth (%)

          

 Source: Coherent Market Insights Analysis (2018)

Electro-Diagnostic Devices Market - Competitive Landscape

Key players operating in the global electro-diagnostic devices market 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. Manufacturers in electro-diagnostic devices market are focused on expanding their business in emerging economies, which offers untapped growth opportunities for growth of the electro-diagnostic devices market.

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 2017, 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: 2018 – 2026, considering 2017, 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.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Regulatory Scenario
    • PORTER’S Five Forces Analysis
    • PEST Analysis
  4. Global Electro-Diagnostic Devices Market, By Product Type, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Electromyogram (EMG)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Nerve Conduction (NCS)
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Electrocardiography (ECG)
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Electroencephalography (EEG)
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Electroretinography (ERG)
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Electrogastrography (EGG)
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Electro-Diagnostic Devices Market, By End User, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals & clinics
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Ambulatory care research centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Rehabilitation centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Diagnostic centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Electro-Diagnostic Devices Market, By Region, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Northern Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Medtronic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Abbot
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Boston Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Siemens Medical Solutions
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Philips Medical Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Noraxen
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Viasys Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Natus Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Cadwell Laboratories Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Compumedics Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
      • Nihon Kohden
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 27 market data tables and 14 figures on "Electro-Diagnostic Devices Market” - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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