Electromyography Devices Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: LS240902 | Research Suite: Report (PDF) & Market Data (Excel)
Equipped with specialist instruments, electromyography (EMG)
devices monitor the electrical activity of muscles and the nerves that supply
them. Due to their ability to record bioelectric signals produced both during
and after muscle contractions, these devices are essential for the diagnosis of
neuromuscular illnesses. These devices often produce graphical data that
enables medical practitioners to assess muscle activity and identify potential
complications.
MARKET
OVERVIEW
The electromyography devices market is valued at approximately USD 786 million in 2023 and is projected to reach USD 1723 million by 2034 exhibiting a compound annual growth rate (CAGR) of 7.4% during the forecast period of 2024-2034. It offers vital details regarding the condition of the muscles and nerves that are not possible to acquire using conventional imaging methods like MRIs or X-rays.
GROWTH
DRIVERS
In the field of medicine, minimally invasive surgical
procedures are becoming increasingly prevalent. The demand for electromyography
devices is being driven by the need for less-invasive patient care alternatives
among healthcare professionals, as these devices are essential for
pre-operative assessments and intraoperative monitoring.
Spending on healthcare has increased globally, especially in
developed regions. The increased funding allows for improved funding of
advanced medical technologies, including EMG devices, which in turn promotes
market growth.
MARKET
SEGMENTATION:
By
Product -
·
EMG Type
o Surface
EMG
o Intramuscular
EMG
·
Software
·
Electrode
·
Other Products
By
Modality–
·
Stationery EMG Systems
·
Portable EMG Systems
·
Myoelectric System
·
Wireless System
·
Hybrid System
By
Application –
·
Muscular Disorders
·
Neuro Disorders
·
Neuromuscular Disorders
·
Other Applications
By End
User –
·
Hospitals
·
Clinics
·
Other End Users
By
Region -
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Electromyography
Devices Market By Product Segment Review:
Non-invasive diagnostic methods are growing popularity among both patients and medical professionals. Surface electromyography offers a secure and convenient substitute for intrusive techniques, which is increasing its demand in the global market.
Electromyography
Devices Market By Modality Segment Review:
For diagnostic purposes, stationary EMG systems are
indispensable because of their superior technology and steady setup, which
provide high-quality data. As these systems are frequently utilized in academic
and clinical research settings, the increased emphasis on neurology and
rehabilitation research is driving demand for them.
Electromyography
Devices Market By Application Segment Review:
Demand for EMG equipment is primarily influenced by the
increasing prevalence of muscle disorders worldwide. As populations age and
lifestyle-related factors contribute to muscle deterioration, healthcare
providers are increasingly dependent on EMG for monitoring and diagnosis.
Electromyography
Devices Market By End User Segment Review:
Hospitals are increasingly adopting advanced EMG systems
which provide improved functionalities such as wireless communication,
real-time data analysis, and interaction with other diagnostic equipment. These
developments expedite workflows and enhance patient outcomes. EMG equipment is
essential for measuring muscle activity as hospital rehabilitation services
grow, especially for patients recovering from strokes or surgeries affecting
neuromuscular function.
Electromyography
Devices Market By Region Segment Review:
North America dominated the market with the largest market
size due to the advanced healthcare infrastructure, high prevalence of
neuromuscular disorders, and significant investments in medical technology
research. Asia Pacific is expected to grow at the highest rate during the
forecast period due to emerging markets and increasing healthcare demands
across the region.
Electromyography
Devices Market Regional Synopsis:
The market for electromyography devices is dominated by
North America because of the high incidence of neuromuscular disorders in the
region, which increases the demand for diagnostic tools. These technologies are
more widely adopted in the region because of the cutting-edge medical
facilities and advantageous reimbursement regulations.
The market is expanding in Europe due to healthcare spending
and increased knowledge of early diagnosis and treatment options. European
regulations frequently encourage the use of advanced medical devices, making
them easier to integrate into clinical practice.
The Asia-Pacific region is anticipated to develop at the fastest rate during the projection period due to increased investments in medical technology and notable advancements in healthcare infrastructure. The need for healthcare services, especially EMG diagnostics, is further fueled by the aging population across several Asia-Pacific nations.
Although Latin America presently has a small market share
for electromyography devices, it is anticipated to grow moderately because of
ongoing enhancements in healthcare services across various countries and a
greater emphasis on public health campaigns that educate people about
neuromuscular diseases.
The Middle East and Africa represent a smaller segment of
the electromyography devices market but show growth potential due to growing
awareness regarding neurological disorders. Furthermore, investment in the
infrastructure of regional healthcare is progressively improving the
availability of diagnostic tools.
Electromyography
Devices Market Key Challenges:
A significant barrier to the broad adoption of EMG devices
is their cost, especially in developing nations where healthcare budgets are
constrained. These high prices often discourage healthcare providers from
investing in advanced diagnostic tools, thereby limiting market penetration.
Furthermore, different regions have varied regulatory requirements. For
manufacturers, adhering to these laws appears to be expensive and
time-consuming, which is more likely to postpone the launch of new products and
raise the operating expenses.
Healthcare practitioners as well as citizens in certain
regions are still not fully aware of the advantages and uses of EMG technology.
This lack of understanding is likely to impede market expansion and adoption
rates.
Electromyography
Devices Market Competitive Landscape:
The market for electromyography devices is highly competitive,
with both well-established multinational corporations and emerging players. The
major companies in this industry are recognized for their innovative product
offerings and significant market shares. They invest heavily in research and
development to produce cutting-edge EMG systems with enhanced accuracy,
portability, and user-friendliness.
They make significant investments in research and
development to improve their product ranges and hold onto their competitive
advantages. Several businesses form alliances with healthcare organizations and
research centers to improve their product capabilities and increase their
market reach into new areas or consolidate existing positions.
Electromyography
Devices Market Key Players:
·
ADInstruments
·
A-M Systems LLC
·
Compumedics Limited
·
Cadwell Laboratories Inc.
·
Natus Medical Inc.
·
Nihon Kohden
·
Noraxon U.S.A. Inc.
·
Ambu
·
Biometrics Ltd
·
Neurosoft
· Other Key & Niche Players