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Neurodiagnostics Market Trend, Gross Marin, Key Players, Global Demand 2027

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celina redden

Neurodiagnostics Market: By Product (Diagnostic and Imaging Systems, Clinical Testing Instruments, Reagents & Consumables), Condition (Neuro Degenerative Diseases, Sleep Disorders, Epilepsy, Stroke, Headache Disorders, Others), End-User (Hospitals and Surgery Centers, Diagnostic Laboratories & Imaging Centers, Neurology Centers, Ambulatory Care Centers, Research Laboratories & Academic Institutes), Region (Americas, Europe, Asia-Pacific, Middle East Africa) - Forecast to 2027

Neurodiagnostics Market Forecast

Global Neurodiagnostics Market held a value of USD 4,848.48 Million in 2018 and is expected to register a CAGR of 6.88% during the assessment period of 2019 to 2025.

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Market players such as GE Healthcare, Siemens Healthineers, Philips Healthcare, and Hitachi, Ltd., currently dominate the global neurodiagnostics market. The key players are involved in product launches and agreements to strengthen their market positions. For instance, in December 2019, GE Healthcare (US), signed USD 100 million technology partnership agreement with AFFIDEA (Ireland). GE Healthcare will install 200+ new equipment in Affidea’s network of centers across Europe. The deal includes the provision of 60 new MRIs, 50 ultrasound devices, 40 CT scanners and 30 X-rays machines in the next 3 years. It also includes a six-year service contract.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas held maximum share in the base year 2018, owing to the high incidence rates of neurological disorders in countries such as US. According to the American Neurological Association, as of 2016, mealy 100 million Americans were affected by at least one of the neurological diseases. The Neurodiagnostics Market Trends in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European neurodiagnostics market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The neurodiagnostics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The neurodiagnostics market in this region is anticipated to be the fastest-growing during the assessment period due to the increasing awareness about the diagnostic treatments and favorable reimbursement policies. The neurodiagnostics market in the Middle East & Africa has been divided into the Middle East and Africa.

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