Neurodiagnostic and Monitoring Devices Market in the US by Product - Forecast and Analysis 2020-2024

Neurodiagnostic and Monitoring Devices Market in the US by Product - Forecast and Analysis 2020-2024

Neurodiagnostic and Monitoring Devices Market in the US: About this market

Technavio’s neurodiagnostic and monitoring devices market in the US analysis considers sales ICP monitoring devices, EEG devices, EMG devices, and other products. In 2019, the ICP monitoring devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing number of traumatic brain injury and brain tumor cases will play a significant role in the ICP monitoring devices segment to maintain its market position. Also, our neurodiagnostic and monitoring devices market in the US report looks at factors such as increasing incidences and prevalence of neurological conditions, new product launches, and the growing number of mergers and acquisitions. However, high costs associated with neurodiagnostic and monitoring devices, complications related to neurodiagnostic procedures and monitoring, and frequent product recalls may hamper the growth of the neurodiagnostic and monitoring devices market in the US over the forecast period.

Neurodiagnostic and Monitoring Devices Market in the US: Overview

Increasing incidences and prevalence of neurological conditions

Patients with a comprehensive range of neurological disorders, including epilepsy, stroke, Parkinson's disease, and brain tumors, have a substantial risk of developing a disability. These neurological disorders develop due to several factors such as bacterial and viral infections, genetic factors, and the lack of immune response. Healthcare professionals use neurodiagnostic and monitoring devices such as EEG, EMG, MEG, and ICP to diagnose neurological diseases for further interventions to save the life of the patients. The increasing number of cases of patients with brain tumors and stroke in the US is driving the need for brain hemorrhage treatment. Stroke can also lead to malignant cerebral edema, which increases the intracranial pressure and brain shift. Intracranial pressure can be monitored using ICP monitoring devices. Thus, the growing use of neurodiagnostic and monitoring devices due to the high prevalence of neurological conditions in the US will lead to the expansion of the neurodiagnostic and monitoring devices market in the US at a CAGR of over 7% during the forecast period.

Paradigm shift toward hybrid brain-computer interface

The demand for non-invasive, hybrid brain-computer interface (HBCI) technologies has increased for enhancing and improving the accuracy of neurodiagnostic procedures. EEG is the widely accepted and majorly performed procedure for diagnosis purposes. It is mostly used in combination with other modalities such as EMG and PSG to enhance the number of control commands, improve accuracy, and minimize the signal detection time. HBCI generally combines with one or more brain-computer interface (BCI) signals or human-machine interface (HMI) biosignals, which helps in improving customer satisfaction and boosting system performance. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the neurodiagnostic and monitoring devices market in the US during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of a few major players, the neurodiagnostic and monitoring devices market in the US is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading manufacturers, that include Cadwell Industries Inc., Compumedics Ltd., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Natus Medical Inc., and Nihon Kohden Corp.

Also, the neurodiagnostic and monitoring devices market in the US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare equipment market
      • Table Segments of global healthcare equipment market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendors: Product overview
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Country market: Size and forecast 2019-2024 ($ millions)
      • Table Country market: Year-over-year growth 2020-2024 (%)
    • Market outlook
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by product
    • Table Product - Market share 2019-2024 (%)
    • Comparison by product
      • Table Comparison by product
    • ICP monitoring devices - Market size and forecast 2019-2024
      • Table ICP monitoring devices - Market size and forecast 2019-2024 ($ millions)
      • Table ICP monitoring devices - Year-over-year growth 2020-2024 (%)
    • EEG devices - Market size and forecast 2019-2024
      • Table EEG devices - Market size and forecast 2019-2024 ($ millions)
      • Table EEG devices - Year-over-year growth 2020-2024 (%)
    • EMG devices - Market size and forecast 2019-2024
      • Table EMG devices - Market size and forecast 2019-2024 ($ millions)
      • Table EMG devices - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ millions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Product launch details and market impact analysis
      • Table Business strategies and their impact analysis
    • Market challenges
      • Table Product recalls
      • Table Impact of drivers and challenges
  • Market trends
    • Technological advances
    • Initiatives to promote neurodiagnostic and monitoring devices
    • Paradigm shift toward hybrid brain-computer interface
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cadwell Industries Inc.
      • Table Cadwell Industries Inc. - Vendor overview
      • Table Cadwell Industries Inc. - Product segments
      • Table Cadwell Industries Inc. - Key offerings
      • Table Cadwell Industries Inc. - Key customers
    • Compumedics Ltd.
      • Table Compumedics Ltd. - Vendor overview
      • Table Compumedics Ltd. - Business segments
      • Table Compumedics Ltd. - Organizational developments
      • Table Compumedics Ltd. - Geographic focus
      • Table Compumedics Ltd. - Key offerings
      • Table Compumedics Ltd. - Key customers
    • Koninklijke Philips NV
      • Table Koninklijke Philips NV - Vendor overview
      • Table Koninklijke Philips NV - Business segments
      • Table Koninklijke Philips NV - Organizational developments
      • Table Koninklijke Philips NV - Geographic focus
      • Table Koninklijke Philips NV - Segment focus
      • Table Koninklijke Philips NV - Key offerings
      • Table Koninklijke Philips NV - Key customers
    • Masimo Corp.
      • Table Masimo Corp. - Vendor overview
      • Table Masimo Corp. - Business segments
      • Table Masimo Corp. - Organizational developments
      • Table Masimo Corp. - Geographic focus
      • Table Masimo Corp. - Key offerings
      • Table Masimo Corp. - Key customers
    • Medtronic Plc
      • Table Medtronic Plc - Vendor overview
      • Table Medtronic Plc - Business segments
      • Table Medtronic Plc - Organizational developments
      • Table Medtronic Plc - Geographic focus
      • Table Medtronic Plc - Segment focus
      • Table Medtronic Plc - Key offerings
      • Table Medtronic Plc - Key customers
    • Natus Medical Inc.
      • Table Natus Medical Inc. - Vendor overview
      • Table Natus Medical Inc. - Business segments
      • Table Natus Medical Inc. - Organizational developments
      • Table Natus Medical Inc. - Geographic focus
      • Table Natus Medical Inc. - Segment focus
      • Table Natus Medical Inc. - Key offerings
      • Table Natus Medical Inc. - Key customers
    • Nihon Kohden Corp.
      • Table Nihon Kohden Corp. - Vendor overview
      • Table Nihon Kohden Corp. - Business segments
      • Table Nihon Kohden Corp. - Organizational developments
      • Table Nihon Kohden Corp. - Geographic focus
      • Table Nihon Kohden Corp. - Segment focus
      • Table Nihon Kohden Corp. - Key offerings
      • Table Nihon Kohden Corp. - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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