Global EEG and EMG Equipment Market Report and Forecast 2024-2032

Global EEG and EMG Equipment Market Size

The global EEG and EMG equipment market was valued at USD 752.3 million in 2023, driven by the growing burden of neurological and neuromusular disorders and the rising demand for mobile and non-invasive diagnostic devices across the globe. The market is expected to grow at a CAGR of 6.9% during the forecast period of 2024-2032, with the values likely to reach from USD 797.5 million in 2024 to USD 1355.7 million by 2032.

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Global EEG and EMG Equipment Market Outlook

• The market share is influenced by the rising incidence of neurological and neuromuscular disorders and the growing demand for mobile EEG and EMG solutions.

• The growing demand for non-invasive diagnostic procedures and the rising investment in wearable technology are expected to shape the market dynamics.

• The rising development of user-friendly and portable EEG and EMG devices for self-directed monitoring of neurological and neuromuscular activity is a major trend supporting market expansion.

Global EEG and EMG Equipment Market Overview

Electroencephalogram (EEG) equipment is widely used to monitor the brain’s electrical activity. It is used in the diagnosis of several conditions, such as fainting, epilepsy, head injuries, dizziness, headaches, brain tumors, and sleep disturbances. On the other hand, electromyography (EMG) equipment helps to monitor the electrical activity of skeletal muscles. Nowadays, an EMG is performed in conjunction with a nerve conduction velocity (NCV) test to detect the presence, location, and severity of nerve and muscle damage.

The rising cases of neurological and neuromuscular disorders are driving the demand for diagnostic tools like EEG and EMG. Advancements in these technologies, such as the introduction of wireless and portable devices and improved signal processing algorithms, are anticipated to shape the market dynamics. Moreover, there is an increasing effort to improve the interpretation of EEG and EMG data by integrating it with artificial intelligence and machine learning algorithms, which is likely to result in accurate and early diagnosis. Additionally, the growth of telemedicine and remote patient monitoring is expected to bolster the demand for wearable EEG and EMG devices that can facilitate continuous monitoring in home settings.

Global EEG and EMG Equipment Market Growth Drivers

Rising Burden of Neurological Conditions to Affect the Market Landscape Significantly

EEG equipment helps in recording detailed brain activity and facilitates the diagnosis of neurological conditions such as epilepsy. According to the World Health Organisation (WHO ), epilepsy is one of the most common neurological diseases and affects around 50 million people worldwide. It is also estimated that nearly 3 million adults in the United States are living with epilepsy. Moreover, in India, it is reported that 1.5 million women of reproductive age have epilepsy, reflecting the need for advanced EEG systems. Thus, the rising burden of neurological conditions is expected to augment the demand for EEG equipment which will consequently impact the market for EEG and EMG equipment.

Rising Strategic Partnerships to Meet Rising EEG and EMG Equipment Market Demand

In January 2023, a leading manufacturer of neurological diagnostic solutions Natus Medical Incorporated announced the closing of its acquisition deal with Micromed Holding SAS, a medical device company specializing in neurophysiology solutions, to expand its offerings in the field of neuroscience and to reinforce new product development through shared resources and expertise. Under this acquisition, Natus will gain access to Micromed's complete line of products across electroencephalography (EEG), electromyography (EMG), polysomnography (PSG), and intensive care unit (ICU) monitoring. Thus, the rise in such merger and acquisition events is expected to bolster the market growth in the forecast period.

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EEG and EMG Equipment Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Global EEG and EMG Equipment Market Segmentation

Market Breakup by Product Type

• Electroencephalograph (EEG) Equipment

• Electromyograph (EMG) Equipment

Market Breakup by Modality

• Portable

• Standalone

Market Breakup by End User

• Hospitals and Clinics

• Diagnostic Centres

• Ambulatory Settings

• Research Institutes

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global EEG and EMG Equipment Market Share

Electroencephalograph (EEG) Equipment Based on Product Type Dominates the Market Share

Based on the product type, the electroencephalography segment, valued at 469.85 million in 2023, dominates the market share of EEG and EMG equipment. The easy availability of portable EEG devices is encouraging market growth. In addition, several research institutes are using EEG equipment to monitor central nervous system (CNS) symptoms such as headache and confusion in patients diagnosed with coronavirus (COVID-19), which is expected to drive market demand and accelerate market expansion.

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EEG and EMG Equipment Market Analysis by Region

The North America market for EEG and EMG equipment is estimated to be valued at USD 359.45 million in 2024. It is projected to grow at a CAGR of 7.4% during the forecast period of 2024-2032 and reach a market value of USD 635.63 million by 2032. The region is expected to witness robust growth over the forecast period, as it will continue to offer significant growth opportunities to the market vendors. Factors such as technological advancements, new product launches, growing awareness regarding sensory conditions, and increased funding for the development of high-quality and advanced medical devices contribute to the growth of the North American market.

Leading Players in the Global EEG and EMG Equipment Market

The key features of the market report comprise patent analysis and strategic initiatives by the leading players. The major companies in the market are as follows:

Allengers Medical Systems Limited

Headquartered in Chandigarh, India, Allengers Medical Systems Limited is considered one of the leading manufacturers and exporter of medical diagnostic equipment and IT solutions. The company offers a range of EEG and EMG equipment designed for clinical neurophysiology.

Nihon Kohden Corporation

Tokyo-based Nihon Kohden Corporation is a major manufacturer, developer, and distributor of various advanced medical electronic equipment including EEG and EMG systems, and significantly contributes to the EEG and EMG equipment market growth.

Cadwell Industries Inc.

Cadwell Industries Inc., based in Kennewick, Washington, ranks as the third largest neurology device manufacturer worldwide. The medical device company is known for its expertise in developing innovative neurophysiological and neuromonitoring solutions.

Electrical Geodesics Inc.

Medical technology company Electrical Geodesics, Inc. is headquartered in Oregon, United States, and is a subsidiary of Philips Holding USA Inc. Electrical Geodesics is recognized for its advanced neurodiagnostic medical technology and non-invasive neurodiagnostic products.

Natus Medical Incorporated

Natus Medical Incorporated is known for its innovative neurological diagnostic and screening products. The company leverages strategic acquisitions to expand its offerings in EEG and EMG technologies.

Key Highlights of the Report

Key Questions Answered in the EEG and EMG Equipment Market Report

• What was the global EEG and EMG equipment market value in 2023?
• What is the global EEG and EMG equipment market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on product type?
• What is the market breakup based on modality?
• Who are the major end users in the market?
• What are the major factors aiding the global EEG and EMG equipment market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How does the prevalence and incidence of neurological disorders affect the market landscape?
• What are the major global EEG and EMG equipment market trends?
• How does the rise in the geriatric population impact the market size?
• Which product type will dominate the market share? 
• Which modality is expected to have a high market value in the coming years?
• Which end user is projected to contribute to the highest market growth?
• Who are the key players involved in the EEG and EMG equipment market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?