Neurological Diagnostic and Monitoring Equipment Market to Grow Significantly Through 2026

June 09, 2021

According to the report titled ‘Neurological Diagnostic and Monitoring Equipment Market Insights, Competitive Landscape and Market Forecast-2026’, available with Market Study Report LLC, global neurological diagnostic and monitoring equipment market is slated to showcase lucrative growth trends between 2018 and 2026.

The primary factor propelling the neurological diagnostic and monitoring equipment market growth is rising prevalence of neurological disorders namely, epilepsy, dementia, Huntington’s disease, and Parkinson’s disease. Also, surge in cases of traumatic brain injuries and increasing incorporation of brain monitoring applications for clinical trials are catalyzing the industry growth.

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It is to be noted that diagnostic testing and treatments play a vital role in assisting doctors to diagnose a neurological disease or any medical ailment. Improvisation in tools and methodologies help scientists in examining a living brain and analyze the functions of nervous system. Diagnosis of neurological ailments are done using neurodiagnostic and monitoring devices. CT scanners, MRI scanners, and PET scanners are few such devices.

However, the expensive and difficult to operate brain monitoring devices, coupled with the surgeries demanding heavy payments are the restraints that limit the global demand specifically in the developed nations with truncated reimbursement policies.

Based on product ambit, neurological diagnostic and monitoring equipment market is classified into intracranial pressure monitor, magnetoencephalography (MEG), cerebral oximeters, electroencephalogram (EEG), and others. While the end-users include hospitals, and clinics.

On the competitive front, various companies namely Koninklijke Philips N.V., Nihon Kohden Corporation, Siemens Healthineers AG, GE Healthcare, Medtronic plc, Compumedics Ltd., Drägerwerk AG, CAS Medical Systems Inc., Masimo Corp., Advanced Brain Monitoring Inc., Cadwell Industries Inc., Spiegelberg GmbH & Co. KG, Integra Lifesciences, NeuroWave Systems Inc., Nonin Medical Inc., Rimed Ltd., and Neurosoft S.A. are defining the worldwide neurological diagnostic and monitoring equipment market dynamics.
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