Global Neurodiagnostic and Monitoring Devices Market Outlook To 2019

This report provides analysis of the global neurological diagnostic and monitoring devices market in terms of product types, end-users and geography. The report provides market value with 2013 & 2014 as historical years and forecast of 2015-2019. The largest technology driven product segment is the magnetoencephalography devices (MEG). MEG signals were first recorded in 1968 by David Cohen using copper induction coil as detector. The superconducting quantum interference device or SQUIDs were introduced in 1964 and incorporated into MEGs by 1975 and by 1980?s manufacturers were routinely installing multiple SQUID arrays. MEGs are used to study cognitive processes such as vision, audition, and language processing in fetuses and newborns. In terms of end-users, the neurodiagnostic technology has not yet scratched its potential as most diagnostic systems are currently used for research. In most developing countries, only private institutes are focusing on researching neurological disorders as a refined collection of clinical data is yet to be presented. Hospitals are the primary users of intracranial pressure monitoring devices for treatment of Traumatic Brain Injury (TBI). The global market for neurodiagnostic and neuromonitoring devices was valued at US$ 1,045.3 million in 2014 and expected to grow to US$ 1,538.8 million by 2019 at a CAGR of 8.0% from 2015 to 2019.

Market Drivers:

  • Rising prevalence of neurological diseases.
  • Increasing geriatric population.
  • Sleep monitoring research and industry driving growth.

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Market Inhibitors:

  • Cost of neurodiagnostic devices restrict growth.

Types of Neurodiagnostic & Monitoring Devices Covered In This Report:

  • Electroencephalograph
  • Magnetoencephalograph
  • Intracranial Pressure Monitoring
  • Transcranial Cerebral Oximeters
  • Transcranial Dopplers

End-Users Market Covered In This Report:

  • Hospital Outpatient Departments
  • Neurophysiological Laboratories
  • Operation Theatres and Intensive Care Units
  • Private Practices

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Key Players Covered In This Report:

  • Advanced Brain Monitoring, Inc.
  • Cadwell Laboratories, Inc.
  • CAS Medical Systems (CASMED), Inc.
  • Codman (Johnson & Johnson)
  • Compumedics Ltd.

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