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Neurodiagnostic and Monitoring Devices Market in the US 2016-2020

About Neurodiagnostic and Monitoring Devices

Neurodiagnostic and monitoring devices are used to monitor and record electrical activity in the brain, muscles, spinal cord, and other nerves. These devices are primarily used for diagnosing chronic brain disorders, such as sleep disorders, brain tumors, epilepsy, brain dysfunction, head injuries, encephalitis, strokes, and dementia.

Technavio’s analysts forecast the neurodiagnostic and monitoring devices market in the US to grow at a CAGR of 8.63% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the neurodiagnostic and monitoring devices market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of Electroencephalogram (EEG), Electromyography (EMG), Transcranial Doppler, Intracranial pressure monitor, and Cerebral oximeters.The market is divided into the following segments based on product:

  • EEG
  • EMG
  • Transcranial Doppler
  • Intracranial pressure monitor
  • Cerebral oximeters
Technavio's report, Neurodiagnostic and Monitoring Devices Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cadwell Laboratories
  • Compumedics
  • Natus Medical
  • Nihon Kohden
Other prominent vendors
  • Blackrock NeuroMed
  • Cadwell
  • Delsys
  • Electrical Geodesic (EGI)
  • Elmiko
  • LifeLines Neurodiagnostic Systems
  • MEG International Services
  • Mega Electronics
  • Motion Lab Systems
  • Neurovirtual
  • Nonin Medical
  • Philips
  • Zynex NeuroDiagnostics
Market driver
  • Cost-effectiveness and portability
  • For a full, detailed list, view our report
Market challenge
  • Limitations of EEGs in providing accurate diagnoses
  • For a full, detailed list, view our report
Market trend
  • Availability of wearable Ear-EEG device
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Neurodiagnostic and Monitoring Devices Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the neurodiagnostic and monitoring devices market in the US: Cadwell, Compumedics, Natus Medical, and Nikon Kohden.

Other Prominent Vendors in the market are Blackrock NeuroMed, Delsys, Electrical Geodesic (EGI), Elmiko, LifeLines Neurodiagnostic Systems, MEG International Services, Mega Electronics, Motion Lab Systems, Neurovirtual, Nonin Medical, Philips, and Zynex NeuroDiagnostics.

Commenting on the report, an analyst from Technavio’s team said that health informatics and monitoring solutions is one of the key trends that led to the growth of this market. Health informatics and monitoring solutions has revolutionized the healthcare system, as they enable remote access to vital information contained in devices such as cerebral oximeters and capnography monitors. The in-built software transfers data regarding patient's health to servers in hospitals, which can be accessed via tablets, smartphones, and computers. This enables clinicians to remotely monitor patients recovering from acute care situations in an efficient manner. For example, centrally monitored continuous oximetry can reduce rapid response calls and transfers to the ICU.

According to the report, increased prevalence of neurological disorders is a major factor promoting growth for the market. Prevalence of chronic disorders such as strokes, ischemic strokes, migraines, epilepsy, dementias, Parkinson’s disease, and multiple sclerosis is on the rise across the US. These neurological disorders are linked to unhealthy dietary habits, lack of exercise, obesity and stress, hectic lifestyles, infections, genetic abnormalities, and physical injuries. According to the American Academy of Neurology, in 2014, neurologic disorders accounted for 7% of all global diseases. Mortality rates for these neurological disorders amounted to 18.8 per 100,000 individuals in the US. Prompt diagnosis and effective monitoring of these disorders are critical for the recovery of patients. The high incidence of these neurological disorders is expected to propel the demand for neurodiagnostic and monitoring devices.

Further, the report states that lack of skilled workforce is leading to a drop in demand for neurodiagnostic and monitoring devices, as these can only be operated by skilled professionals. Neurodiagnostic and monitoring devices are complex systems that require handling by experts. Only neurologists and highly skilled technicians perform these procedures in hospitals, clinics, and neurophysiological laboratories. There is a dearth of neurologists and neurosurgeons with expertise in neuromonitoring. In 2012, about 16,500 neurologists were available in the US as against a requirement of 18,000 neurologists, a deficit of 11%. By 2025, the requirement is expected to increase to 21,000.

Companies Mentioned

Cadwell, Compumedics, Natus Medical, Nikon Kohden, Blackrock NeuroMed, Delsys, Electrical Geodesic (EGI), Elmiko, LifeLines Neurodiagnostic Systems, MEG International Services, Mega Electronics, Motion Lab Systems, Neurovirtual, Nonin Medical, Philips, Zynex NeuroDiagnostics.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Neurodiagnostic and monitoring devices market in US 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Reimbursement scenario
    • Reimbursement coverage and limitations
      • Table Number of healthcare systems 2014 and 2024
    • Types of consolidation
      • Table Types of consolidation
    • Benefits and disadvantages of consolidation
      • Table Average investment in acquisition of hospitals 2007 and 2013 ($ millions)
      • Table Three major acquisitions of healthcare systems 2013
      • Table Healthcare system landscape
  • Market segmentation by product
    • Table Segmentation of neurodiagnostic and monitoring devices market in US by product
    • Table Reimbursement of EEG in US 2014
    • Table Neurodiagnostic and monitoring devices market in the US by product 2015
  • Market drivers
    • Increased prevalence of neurological disorders
      • Table Epidemiology of brain disorders in US 2014
    • Cost-effectiveness and portability
    • Development of digital and wearable neurodiagnostic and monitoring devices
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Lack of skilled workforce
    • Availability of alternative neuroimaging techniques
    • Limitations of EEGs in providing accurate diagnoses
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Health informatics and monitoring solutions
    • Availability of wearable Ear-EEG device
    • Initiatives by manufacturers to increase awareness
  • Vendor landscape
    • Competitive scenario
    • Key news
    • Mergers and acquisitions
    • Key vendor analysis
      • Cadwell
        • Table Key takeaways: Cadwell
    • Compumedics
      • Table Key takeaways: Compumedics
    • Natus Medical
      • Table Key takeaways: Natus Medical
    • Nihon Kohden America
      • Table Key takeaways: Nihon Kohden America
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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