EEG/EMG/Brain Function Monitoring: A Global Strategic Business Report
San Jose, CA (Vocus) September 29, 2010
The medical device industry has not been totally insulated from the adverse economic conditions, as evident by restricted capital equipment spending and decline in admissions across healthcare facilities and hospitals. Owing to the high levels of unemployment, elective procedures have witnessed a significant decline thereby affecting profitability of hospitals. In view of the challenging scenario, some medical device manufacturers have delayed expansion plans. The medical device industry has been significantly shielded from the short-term impact. The rapidly expanding global population, rising proportion of the elderly, and increasing life expectancies continue to contribute to increased demand for healthcare products and services in the long term. Rising incidence of obesity, cardiovascular, and autoimmune diseases is enhancing the demand for EEG diagnostic and monitoring equipment globally. The EEG devices analyze the changes in the body’s neurological functions to determine the probability of occurrence of diseases in patients. Hence, a strong demand exists for equipment that is capable of early detection of symptoms, thereby allowing for a more effective diagnosis and treatment of these diseases.
Europe and the United States dominate the global market for EEG/EMG/Brain Function Monitoring, as stated by the new market research report on EEG/EMG/Brain Function Monitoring. Developed markets including the US and Europe are projected to continue to exhibit slow growth, largely owing to the saturation of these markets. Majority of the growth in these regions is projected to generate from export of advanced monitoring systems to the developing countries. The global EEG/EMG/Brain function monitoring industry is expected to grow steadily in coming years, with maximum growth anticipated from lesser-developed regions including Asia-Pacific and Latin America. The Asia-Pacific market for Electromyographs/Evoked Potential Units, used in areas such as neurophysiology, kinesiology, motor control, psychology, rehabilitation medicine, and biomedical engineering, is expected to reach US$92.8 million by 2012.
Rapid technological developments are expected to fuel growth in the EEG/EMG/Brain function monitoring market. The introduction of scientifically advanced digital Electroencephalograph (EEG) Equipment incorporating innovative features is a significant driving factor for the market. The new equipment offer cutting-edge functionality at lower costs, sophisticated seizure detection algorithms, high precision monitoring abilities, ease of operation, and inter operability that makes them ideal for brain monitoring functions. The severe scarcity of well-trained and experienced EEG technicians is also expected to push the demand for more flexible and easy to use EEG devices in the market.
Major players profiled in the report include Cadwell Laboratories Inc., CareFusion Corporation, Compumedics Limited, Covidien/Aspect Medical System, DelSys Inc., Electrical Geodesics Inc., Hospira Inc., Natus Medical Inc., Neurosoft Company, NeuroWave Systems Inc., and Nihon Kohden Corporation.
The report titled “EEG/EMG/Brain Function Monitoring: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the market, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for EEG/EMG/Brain Function Monitoring market for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, and Latin America. Key segments analyzed include Electroencephalograph Equipment, and Electromyographs/Evoked Potential Units.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/EEG_EMG_Brain_Function_Monitoring_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/
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