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Neurodiagnostics Market: Global Opportunity Analysis and Industry Forecast 2020–2027

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Jun 2021 | 74 Views
 
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COVID-19

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Neurodiagnostics is a field of healthcare that deals with recording, analyzing, and monitoring the nervous system to diagnose the disorder and come up with a suitable treatment. The healthcare professionals record the electrical activity that starts from the brain, peripheral nerves, motor nerve, spinal cord, somatosensory systems by using various instrument techniques. A document is prepared by the technician by using the data and is further interpreted by the physician. A skilled professionals is needed when the neurodiagnostic product is operated. This skills includes reasoning skill, individual initiative, and perfect judgment.

Neurodiagnostics Market

Some of the neurodiagnostic procedures includes:

  • Electroencephalogram (EEG)
  • Polysomnogram (PSG)
  • Intraoperative Neuromonitoring (IONM)
  • Nerve Conduction Study (NCS)
  • Evoked Potential (EP)
  • Long Term Monitoring (LTM)

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Product, Condition, End-user and Region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.

Companies covered

Major players analyzed include GE Healthcare, Siemens Healthineers, Philips Healthcare, Canon, Inc., Hitachi, Ltd., Lifelines Neuro Company, LLC, Natus Medical Incorporated, Hoffman-La Roche AG, FUJIFILM Holdings Corporation, Mitsar Co., Ltd., and Advanced Brain Monitoring, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, QIAGEN N.V., and Nihon Kohden Corporation.

 

COVID-19 scenario analysis:

To take care of the infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil populations for precautionary measures.Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

Owing to such factors, COVID 19 is expected to have a significant impact on the Neurodiagnostics market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

Increasing frequencies of neurological diseases and disorders, upgrades in the technology, the growing emphasis on the patients and the importance of the early diagnosis of the disease, significant rise in the hospitals and diagnostic centers, introduction of biomarker profiling in the neuroscience segment are propelling the growth of the neurodiagnostics market.

If the current market is observed, it is noticed that neurological disorders are the biggest cause of the disability-adjusted life year (DALY) all over the world and are expected to boost the growth of the neurodiagnostic market.

Expensive prices, installation, and maintenance of the neurodiagnostic devices, and a dearth observed in the regular health checkups and diagnostics in developing countries are the major challenges faced in the neurodiagnostic market.

New product launches and acquisitions to flourish the market:

In February 2019, Philips Healthcare introduced two of its products named Incisive CT Platform and Ingenia Ambition 1.5T MRI System.

On September 3rd, 2018, Royal Philips signed two agreements for the next 20 years which helped in the management of equipment services, maintenance services, optimization, delivery, and replacement in medical imaging solutions segments for the ASEAN Pacific and Australian region.

On March 20th, 2018, GE Healthcare introduced the SIGNA Premier 3.0T MRI system.

Surge in usage in Hospital Surgical centers and neurology centers applications:

The major consumers for the neurodiagnostic market are hospitals, neurology centers, surgical centers, & imaging centers, ambulatory care centers (ACCs), diagnostic laboratories and research laboratories & academic institutes. Amongst them, hospitals & surgical centers have been accounted for as the biggest end-users neurodiagnostic market. Owing to the monetary conditions of these hospitals for purchasing high priced instruments and having a large number of trained executives for carrying out compound diagnostic processes by utilizing the neurodiagnostic instruments are increasing the demand for the neurodiagnostic market.

    Key segments covered:

Segments

Sub-segments

  Product

  • Diagnostic and Imaging Systems
    • Electroencephalogram (EEG) Systems
    • Electromyography (EMG) Products
    • Magnetic Resonance Imaging (MRI) Systems
    • Ultrasound Imaging Systems
    • Computed Tomography (CT) Scanner
    • Magnetoencephalogram (MEG) System
    • Position emission tomography (PET) System
    • Angiography System
    • Other Systems
  • Clinical Testing Instruments
    • PCR
    • Next-Generation Sequencing (NGS)
    • Sanger Sequencing
    • Other Clinical Diagnostic Products
  • Reagents & Consumables
    • Media and Serra
    • Solvents
    • Enzymes, Protein & Peptides
    • Probes
    • Buffers
    • Antibodies
    • Other Reagents

  Condition

  • Neuro Degenerative Diseases
  • Epilepsy
  • Stroke
  • Headache Disorders
  • Sleep Disorders
  • Other Diseases

  End User

  • Hospitals and Surgery Centers
  • Neurology Centers
  • Ambulatory Care Centers
  • Diagnostic Laboratories & Imaging Centers
  • Research Laboratories & Academic Institutes

  Regions

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Neurodiagnostics industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Neurodiagnostics market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Neurodiagnostics market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Neurodiagnostics Market research report:

  • What are the leading market players active in the Neurodiagnostics market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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