This market research report presents a comprehensive segmentation of the neurology diagnostic and monitoring devices market in the US by product type (EEG, EMG, transcranial doppler, ICP monitor, and cerebral oximeters). The prominent vendors analyzed in this market research include Cadwell, Compumedics, Natus Medical, and Nikon Kohden.
Technavio has released a new market research report on the neurodiagnostic and monitoring devices market in the US, which is expected to grow at a CAGR of over 8% between 2016 and 2020. The key factor fueling the growth of the neurodiagnostic and monitoring devices market are the technological advances that are enhancing portability, resolution, and ease of use of these devices. Currently,EEG procedures account for the majority of the neurodiagnostic and monitoring devices market in the US, accounting for a market share of around 42%. This is due to the fact that EEG is a non-invasive procedure that can be used for effective diagnosis of epilepsy and other neurological disorders.
The new industry research report from Technavio presents a breakdown and analysis of the neurodiagnostic and monitoring devices segments.
“The increase in the prevalence of chronic diseases which require prompt diagnosis and effective monitoring is expected to boost the demand for neurodiagnostic and monitoring devices. Moreover, these devices are very cost-effective when compared to other medical imaging tools such as CT and MRI scanners. The integration of neurodiagnostic and monitoring devices with electronic data storage systems is also predicted propel the market growth during the forecast period,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The key vendors in the neurodiagnostic and monitoring devices market in the US include Cadwell, Compumedics, Natus Medical, and Nikon Kohden. The neurology diagnostic and monitoring devices market in the US is fragmented due to the presence of numerous large, medium, and small-scale vendors. The level of competition among the vendors is moderately high but is expected to intensify in the future due to the entry of new providers into this market. Certain vendors have also adopted the strategy of acquisitions to venture into the neurology diagnostics market in the US.
A more detailed analysis is available on the Technavio report, Neurodiagnostic and Monitoring Devices Market in the US 2016-2020.
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