Market Overview:
The global electro-diagnostic devices market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of various diseases, growing geriatric population, and technological advancements in electro-diagnostic devices. The ECG segment is expected to account for the largest share of the global Electro-Diagnostic Devices Market by type during the forecast period. This can be attributed to its high usage in hospitals and clinics for diagnosing heart conditions such as arrhythmia and myocardial infarction. Based on application, hospitals are expected to account for the largest share of the global Electro-Diagnostic Devices Market by application duringthe forecast period. This can be attributedto th egrowing demand for advanced diagnostic proceduresand rising number of hospital admissions worldwide .
Product Definition:
An electrodiagnostic device is a medical device used to measure the electrical activity of muscles and nerves. Electrodiagnostic devices are used to diagnose and treat medical conditions that involve the muscles, nerves, or both. The use of electrodiagnostic devices can help to improve the diagnosis and treatment of conditions such as carpal tunnel syndrome, diabetic neuropathy, and myasthenia gravis.
Electromyogram (EMG):
Electromyogram (EMG) is a diagnostic test that records electrical activity of the muscles. It helps in diagnosing and analyzing various neuromuscular diseases and disorders such as muscular dystrophies, myasthenia gravis, Eaton syndrome, etc. EMG also plays an important role in evaluating the effectiveness of therapeutic procedures for these conditions.
Nerve Conduction (NCS):
The global Nerve Conduction (NCS) and it's usage in Electro-Diagnostic Devices market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of neurological disorders such as multiple sclerosis, Alzheimer’s disease, Parkinson’s disease & epilepsy coupled with rising geriatric population base is anticipated to drive the growth during the forecast period from 2016 to 2022.
Application Insights:
Based on application, the global market has been segmented into hospitals, clinics, diagnostic centers and others. The hospitals segment dominated the overall market in terms of revenue in 2017. This is attributed to a high prevalence of diseases that require frequent monitoring and testing for diagnosis. Electro-diagnostic devices are used extensively for diagnosing various heart diseases such as arrhythmia & tachycardia along with other medical conditions such as diabetes mellitus (DM), stroke, cancer & its metastasis among others at hospital settings thereby contributing towards higher revenue share.
It provides information regarding brain activity through analysis of electrical activity recorded from scalp muscles or underlying brain tissue.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate, and rising awareness about electro-diagnostic devices. The increasing prevalence of neurological disorders coupled with growing demand for NCS is expected to drive this regional market further. In addition, favorable reimbursement policies are also propelling growth during the forecast period. For instance, as per Medicare reimbursement policy in 2016; Medicare covers 80% cost for diagnostic procedures performed using electromyography (EMG) and nerve conduction studies (NCS).
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure.
Growth Factors:
- Increasing incidence of chronic diseases: The global Electro-Diagnostic Devices market is expected to grow at a CAGR of 6.5% during the forecast period owing to the increasing incidence of chronic diseases such as diabetes, cancer, and heart disease. This is mainly due to the changing lifestyles and growing aging population.
- Technological advancements: The advent of new technologies in Electro-Diagnostic Devices market is expected to drive the growth of this market during the forecast period. For instance, portable devices that can be used for home care are being developed which would help in early diagnosis and treatment of various chronic diseases.
- Rising demand for point-of-care testing: The demand for point-of-care testing is increasing due to its benefits such as faster results, lower costs, and easy accessibility. This is driving the growth of Electro-Diagnostic Devices market as these devices are used for performing various tests at patient’s bedside or clinic settings..
Scope Of The Report
Report Attributes
Report Details
Report Title
Electro-Diagnostic Devices Market Research Report
By Type
Electromyogram (EMG), Nerve Conduction (NCS), Electrocardiography (ECG), Electroencephalography (EEG), Electroretinography (ERG), Electrogastrography (EGG), Others
By Application
Hospitals, Clinics, Diagnostic Centers, Others
By Companies
Medtronic, Abbot, Boston Scientific, Siemens Healthineers, Philips Healthcare, GE Healthcare, Cardinal Health, Nihon Kohden, Noraxon USA, Compumedics, Natus Medical, Cadwell Laboratories
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Electro-Diagnostic Devices Market Report Segments:
The global Electro-Diagnostic Devices market is segmented on the basis of:
Types
Electromyogram (EMG), Nerve Conduction (NCS), Electrocardiography (ECG), Electroencephalography (EEG), Electroretinography (ERG), Electrogastrography (EGG), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Diagnostic Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Abbot
- Boston Scientific
- Siemens Healthineers
- Philips Healthcare
- GE Healthcare
- Cardinal Health
- Nihon Kohden
- Noraxon USA
- Compumedics
- Natus Medical
- Cadwell Laboratories
Highlights of The Electro-Diagnostic Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electromyogram (EMG)
- Nerve Conduction (NCS)
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electroretinography (ERG)
- Electrogastrography (EGG)
- Others
- By Application:
- Hospitals
- Clinics
- Diagnostic Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electro-Diagnostic Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electro-diagnostic devices are medical equipment that use electricity to diagnose medical conditions. They can include heart monitors, blood pressure cuffs, and oxygen sensors.
Some of the major players in the electro-diagnostic devices market are Medtronic, Abbot, Boston Scientific, Siemens Healthineers, Philips Healthcare, GE Healthcare, Cardinal Health, Nihon Kohden, Noraxon USA, Compumedics, Natus Medical, Cadwell Laboratories.
The electro-diagnostic devices market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electro-Diagnostic Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electro-Diagnostic Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electro-Diagnostic Devices Market - Supply Chain
4.5. Global Electro-Diagnostic Devices Market Forecast
4.5.1. Electro-Diagnostic Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electro-Diagnostic Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electro-Diagnostic Devices Market Absolute $ Opportunity
5. Global Electro-Diagnostic Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electro-Diagnostic Devices Market Size and Volume Forecast by Type
5.3.1. Electromyogram (EMG)
5.3.2. Nerve Conduction (NCS)
5.3.3. Electrocardiography (ECG)
5.3.4. Electroencephalography (EEG)
5.3.5. Electroretinography (ERG)
5.3.6. Electrogastrography (EGG)
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electro-Diagnostic Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electro-Diagnostic Devices Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Diagnostic Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electro-Diagnostic Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electro-Diagnostic Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electro-Diagnostic Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electro-Diagnostic Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electro-Diagnostic Devices Demand Share Forecast, 2019-2026
9. North America Electro-Diagnostic Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electro-Diagnostic Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electro-Diagnostic Devices Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Diagnostic Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electro-Diagnostic Devices Market Size and Volume Forecast by Type
9.7.1. Electromyogram (EMG)
9.7.2. Nerve Conduction (NCS)
9.7.3. Electrocardiography (ECG)
9.7.4. Electroencephalography (EEG)
9.7.5. Electroretinography (ERG)
9.7.6. Electrogastrography (EGG)
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electro-Diagnostic Devices Demand Share Forecast, 2019-2026
10. Latin America Electro-Diagnostic Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electro-Diagnostic Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electro-Diagnostic Devices Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Diagnostic Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electro-Diagnostic Devices Market Size and Volume Forecast by Type
10.7.1. Electromyogram (EMG)
10.7.2. Nerve Conduction (NCS)
10.7.3. Electrocardiography (ECG)
10.7.4. Electroencephalography (EEG)
10.7.5. Electroretinography (ERG)
10.7.6. Electrogastrography (EGG)
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electro-Diagnostic Devices Demand Share Forecast, 2019-2026
11. Europe Electro-Diagnostic Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electro-Diagnostic Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electro-Diagnostic Devices Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Diagnostic Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electro-Diagnostic Devices Market Size and Volume Forecast by Type
11.7.1. Electromyogram (EMG)
11.7.2. Nerve Conduction (NCS)
11.7.3. Electrocardiography (ECG)
11.7.4. Electroencephalography (EEG)
11.7.5. Electroretinography (ERG)
11.7.6. Electrogastrography (EGG)
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electro-Diagnostic Devices Demand Share, 2019-2026
12. Asia Pacific Electro-Diagnostic Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electro-Diagnostic Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electro-Diagnostic Devices Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Diagnostic Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electro-Diagnostic Devices Market Size and Volume Forecast by Type
12.7.1. Electromyogram (EMG)
12.7.2. Nerve Conduction (NCS)
12.7.3. Electrocardiography (ECG)
12.7.4. Electroencephalography (EEG)
12.7.5. Electroretinography (ERG)
12.7.6. Electrogastrography (EGG)
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electro-Diagnostic Devices Demand Share, 2019-2026
13. Middle East & Africa Electro-Diagnostic Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electro-Diagnostic Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electro-Diagnostic Devices Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Diagnostic Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electro-Diagnostic Devices Market Size and Volume Forecast by Type
13.7.1. Electromyogram (EMG)
13.7.2. Nerve Conduction (NCS)
13.7.3. Electrocardiography (ECG)
13.7.4. Electroencephalography (EEG)
13.7.5. Electroretinography (ERG)
13.7.6. Electrogastrography (EGG)
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electro-Diagnostic Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electro-Diagnostic Devices Market: Market Share Analysis
14.2. Electro-Diagnostic Devices Distributors and Customers
14.3. Electro-Diagnostic Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Abbot
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boston Scientific
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens Healthineers
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Philips Healthcare
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE Healthcare
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cardinal Health
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nihon Kohden
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Noraxon USA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Compumedics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Natus Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cadwell Laboratories
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
