The Global Electro Diagnostic Equipment Market Size Is Expected At USD 1,354.2 Million In 2022, Expanding At A CAGR 8.7% From 2022-2030.

Global Electro Diagnostic Equipment Market Overview:

Electrodiagnostic (EDX) equipment is used in research to measure the electrical activity of nerves and muscles. The information revealed by the diagnosis helps doctors and clinicians evaluate many conditions, such as neuropathy, myopathy, plexopathy, and neuromuscular junction disorders. Electrodiagnostic testing covers two special tests: Electromyography (EMG) and Nerve Conduction Studies (NCS). Nerve conduction studies (NCS) are studies of nerve function that involve applying small electrical impulses through electrodes attached to the skin. In electromyography (EMG), small needle electrodes are inserted into various muscles to reveal the muscle's electrical activity.

Other diagnostic tests include electrocardiogram (ECG), electroencephalogram (EEG), retinal electrocardiogram (ERG), and gastrogastric conduction (EGG). Early diagnosis helps alleviate the disease and saves precious lives. This is an important factor on which the health fraternity relies heavily on diagnostic equipment. Rise in health awareness and increase in global healthcare expenditure are the major drivers for the growth of the electrodiagnostic equipment market.

Electro Diagnostic Equipment market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Electro Diagnostic Equipment market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Developments:

• In December 2021, GE announced the completion of its previously announced acquisition of BK Medical, a leader in progressive surgical visualization, from Altaris Capital Partners, LLC. The companies have reached a definitive agreement for GE to acquire BK Medical for his $1.45 billion cash purchase price on September 22, 2021. Equipped with pre- and post-operative ultrasound capabilities, we develop end-to-end products through the complete continuum of care from diagnosis to treatment and beyond.
• In August 2021, Nihon Kohden acquired Advanced Medical Predictive Devices, Diagnostics, and Display (AMP3D) for an undisclosed amount. AMP3D offers an extensive set of clinical prediction algorithms and software as a service (SaaS) platform. The company's CoMET (Continuous Monitoring of Event Trajectory) decision support software utilizes patient continuous monitoring data, vital signs, medical records and laboratory tests to provide real-time and ongoing risk trajectories for patients. indicate.
• In May 2019, Nihon Kohden announced the introduction of the Neuropack S3 electrodiagnostic (EDX) system, a progressive multimodality platform for neurodiagnostic procedures. Highlighting the company's latest-generation amplifier and signal processing technology, the Neuropack S3 is expected to deliver high-quality his EDX surveys while also reducing its footprint and improving portability. The Neuropack S3 system was established to be versatile enough for both hospital and private practice applications to perform electromyography, nerve conduction studies, evoked potentials, and additional diagnostic procedures.

Major Market Segments Covered in Electro Diagnostic Equipment Market Research:

Market Key Players:
Medtronic, Abbott Vascular Devices, Boston Scientific Corporation, Siemens Medical Solutions, Philips Medical Systems, GE Healthcare, And Others.

By Type:

• Electromyogram (EMG)
• Nerve Conduction Study (NCS)
• Electrocardiography (ECG)
• Electroencaphalography (EEG)
• Electroretinography (ERG)
• Electrogastrography (EGG)
• Other

By Application:

• Hospitals
• Research Institute
• Other

By Region:

North America is expected to maintain its dominant position in the electrodiagnostic equipment industry, owing to its well-established hospital structure, high acceptance rate of technologically sophisticated products by healthcare professionals, and increasing knowledge of innovative medical equipment. Additionally, increasing incidence of neurological diseases is supporting market expansion. For example, in 2016, about 1 million people in the United States developed sclerosis, according to the National Centers for Biotechnology Data.

The electrodiagnostic device industry in Asia is expected to develop at the fastest pace because of the large domestic customer population. Rising hospital spending will fuel the expansion of the healthcare industry in countries like India. Continued technological advancements and growing need for improved electrical diagnostic equipment in the region are expected to drive the electrical diagnostic equipment industry expansion.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Market Dynamics:

Drivers:

Electrocardiography is the way that an electrocardiogram is made. ( ECG or EKG ). Electrocardiogram is a way to record the changes in the heart's electrical activity that happen during a cardiac cycle. It can be called an EKG or an ECG. Most cardiac rates are between 60 and 100 beats per minute. (bpm). Bradycardias (heart rates of less than 60 beats per minute) are usually caused by problems with the sinoatrial or atrioventricular (AV) nodes or the heart's conducting tissues. (though these may also bring about certain tachyarrhythmias). Electrocardiograph is a piece of equipment that picks out the electric currents that the heart muscle makes when it contracts and relaxes. An electrocardiograph works on the idea that when a muscle contracts, it sends out a small electric current that can be found and measured by placing electrodes in the right places on the body. Electrocardiogram (ECG) can be used to show the rate and beat or pattern of the heart's contractions.

Challenges:

Electroencephalography is the study of electrical activity in the head, which can be seen by looking at where the word comes from. Small electrodes are attached to the head, and the electrical fields made by large networks of neurons firing action potentials almost at the same time are found. In electroencephalography, a strong alpha-range frequency of 8 to 12 Hz is sometimes seen over the center of the head. This is called the mu beat. (EEG). Mu is seen in between 20% and 40% of normal adults. It is made up of arch-shaped (arciform) waves that can happen on one side or both sides of the central regions. It is most obvious when a person is getting sleepy. But electroencephalography has a problem that goes in the opposite direction. Any pattern of electrical field strengths found on the head could have been caused by an infinite number of possible patterns of electrical activity in space.

Electro Diagnostic Equipment Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 8.6% from 2022 to 2030.
By Type	Electromyogram (EMG), Nerve Conduction Study (NCS), Electrocardiography (ECG), Electroencaphalography (EEG), Electroretinography (ERG), and Electrogastrography (EGG)
By Application	Hospitals, Research Institute
By Companies	Medtronic, Abbott Vascular Devices, Boston Scientific Corporation, Siemens Medical Solutions, Philips Medical Systems, GE Healthcare
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Crucial Points from this Electro Diagnostic Equipment Market Report

• Estimate Electro Diagnostic Equipment market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Electro Diagnostic Equipment market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Electro Diagnostic Equipment market?

The Electro Diagnostic Equipment Market is growing at a CAGR of 8.6% During Forecast Period.

What are the key types of Electro Diagnostic Equipment market?

Electromyogram (EMG), Nerve Conduction Study (NCS), Electrocardiography (ECG), Electroencaphalography (EEG), Electroretinography (ERG), and Electrogastrography (EGG)

What are the key applications of Electro Diagnostic Equipment market?

Hospitals, Research Institute                                                     

Who are the key players in Electro Diagnostic Equipment market?

Medtronic, Abbott Vascular Devices, Boston Scientific Corporation, Siemens Medical Solutions, Philips Medical Systems, GE Healthcare, and others.