The electromyography devices market is anticipated to flourish at a healthy CAGR of 6.8% between 2023 and 2033. The market is expected to hold a market share of US$ 1,753 million by 2033, while the market is likely to reach a value of US$ 908 million in 2023.
Attribute | Details |
---|---|
Electromyography Devices Market CAGR (2023 to 2033) | 6.8% |
Electromyography Devices Market Size (2023) | US$ 908 million |
Electromyography Devices Market Size (2033) | US$ 1,753 million |
The growing prevalence of neuromuscular disorders like myasthenia gravies, myopathy, motor neuron diseases, Parkinson's disease, and amyotrophic lateral sclerosis, among others, is expected to grow the demand for minimally invasive surgeries, which is expected to benefit the market in the forecast period.
As per the Global Institute for Health Metrics and Evaluation, motor neuron disease claimed more than 237,053 lives in 2017. Further, the Parkinson's Disease Foundation reveals that more than 10 million individuals have Parkinson’s disease across the globe. The growing prevalence of such conditions is expected to propel the market in the forecast period.
The ongoing development in electromyography devices and the rising demand for portable EMG devices are other salient factors supporting the market growth. For instance, results in technologies, such as the RS-EMGX EMG system, allow four channels of EMG recording simultaneously from a single subject. The market is anticipated to bolster market expansion in the coming period due to such factors.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global demand for electromyography devices is projected to increase at a CAGR of 6.8% during the forecast period, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 4.4%.
The rise in the prevalence of this disease, the rise in the technological advancements in EMG systems, the rise in demand for portable EMG devices to curb rising hospital and healthcare-associated costs, and the rise in healthcare expenditures are the major factors driving the electromyography devices market, among others.
Furthermore, rising technological advancements and modernization in healthcare devices, rising research and development activities in the healthcare sector, and rising emerging markets with an increasing geriatric population base may create new opportunities for the electromyography devices market during the forecast period.
However, the rise in stringent regulatory guidelines associated with medical electrodes and biocompatibility issues with medical electrodes are among the key factors that may obstruct market growth and further challenge the growth of the electromyography devices market during the forecast period. Due to rising demand for neurophysiology equipment, rising disposable income in emerging nations, and growth in hospitals, clinics, specialist neuro-care facilities, and monitoring practices, Asia Pacific dominates the electromyography devices market.
Increasing Emphasis on Device Development to Derive Market Growth
The increasing emphasis of manufacturers on device development is projected to benefit the market throughout the forecast period. Increasing attempts to increase mobility, lightweight, and concurrent raw data gathering are expected to aid industry development.
Furthermore, rising knowledge regarding illness prevention and treatment availability is expected to aid market expansion throughout the forecast period. Furthermore, increased awareness of the necessity of early identification of muscle and nerve problems is a key driver boosting the market in the next years.
The increased introduction of new products is expected to increase market size in the coming years. Myontec, for example, has launched electromyography and other sensor-embedded wearables to evaluate muscle activity and boost performance levels.
High Cost of EMG Devices to Restrain Market Growth
The high cost of EMG devices can be the most significant factor limiting market growth. Another issue expected to impede market expansion is the increase of market rivals providing replacement items. Furthermore, lower government funding and a lack of knowledge may hinder market expansion throughout the projection period.
However, the government's launch of new items and the rising development of the product by the competitors are expected to provide a lucrative potential for the market. The expanding popularity of hybrid BCI approaches and technology advancements like survivability, loading, and simultaneous raw data gathering are projected to function as a substantial counter-force to impediments and enhance the industry in the future.
Countries | Revenue Share % (2022) |
---|---|
United States | 35.7% |
Germany | 11.% |
Japan | 5.2% |
North America | 38.4% |
Europe | 29.2% |
Countries | CAGR % (2023 to 2033) |
---|---|
China | 8.3% |
India | 7.8% |
United Kingdom | 5.8% |
Australia | 5.5% |
Development of Healthcare Infrastructure Creating Opportunities for Electromyography Devices manufacturers
According to the research, North America is expected to lead the worldwide electromyography devices market throughout the forecast period. In 2022, the region accounted for around 38.4% of worldwide sales.
The execution of favorable government measures resulting in the development of healthcare infrastructure can be linked to market dominance. Furthermore, favorable reimbursement regulations in the United States are anticipated to boost the regional sector. Another important element contributing to the growth of the regional market is the presence of authorities such as the National Institute of Neurological Diseases and Stroke (NINDS), which offer financing for R&D activities relevant to the treatment of brain neurological disorders.
Rising awareness efforts are also predicted to boost market expansion in the next years. Natus Medical Incorporated, for example, established Patient Assistance Programs to raise knowledge of routine EMG, nerve conduction examinations, and new quantitative analysis methods.
Increasing Frequency of the Neurological Illness Favoring Market Growth
According to the report, Europe is expected to be the second-leading market throughout the predicted period. In 2022, the regional market accounted for around 29.2% of worldwide market revenue.
The regional market is expected to rise because of the increasing frequency of neurological disorders. According to the European Academy of Neurology (EAN), neurological disorders affect more than half of the European population. As a result, the region is likely to have considerable expansion potential throughout the projection period.
Demand in Developing Countries Fuelling Rapid Adoption
According to the data, APAC may see the highest growth rate throughout the predicted period. Developing nations' presence is expected to be vital in driving market expansion over the assessment period. Other market expansion factors include increasing awareness, rising disposable income, and an aging population.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Category | By Modality Type |
---|---|
Leading Segment | Standalone |
Market Share (2022) | 71.1% |
Category | By End User |
---|---|
Leading Segment | Hospitals |
Market Share (2022) | 42.1% |
On the basis of modality, the portable EMG devices market is gaining pace internationally since portable EMG devices provide advantages such as extended care and remote monitoring from the doctor's office to the patient's house in the event of chronic illness management. However, the standalone segment held a substantial share of 71.1% in 2022.
These devices are also employed in ambulatory services and other paramedic situations where brain electrical activity must be recorded to comprehend the patient's status. Conditions such as heart disease and muscle problems are addressed at low cost to limit the frequency of doctor or hospital visits. Such factors might help the category develop throughout the foreseeable period.
Rising knowledge of illness preventive and treatment alternatives, resulting in earlier diagnosis and rising healthcare spending, are expected to fuel this segment's growth throughout the forecast period. Furthermore, a significant element contributing to development is manufacturers' increased attention to technical advances such as portability, lightweight, and simultaneous raw data capture, which may further fuel the segment's expansion.
Some rising players in the worldwide electromyography devices market are BrainCo, Synchron, Halo Neuroscience, Thync, Dreem, Kernel, Neurable, Neuralink, Cognixion, and Paradromics. BrainRototics, for example, is being developed by BrainCo and is a robotic prosthetic hand that can be controlled by users' brains using ML and electromyography. Because of such activities by startups, the industry is likely to grow significantly in the next years.
Compumedics Limited, Cadwell Laboratories Inc., Covidien Limited, Electrical Geodesics Inc., Natus Medical Inc., Nihon Kohden America Inc., NeuroWave Systems Inc., and Noraxon U.S.A.; Inc. are key participants in the worldwide electromyography devices market.
Recent Developments
The market for EMG devices is expanding as a result of the rising need for non-invasive diagnostic tools and the rising incidence of neuromuscular illnesses.
A well-known trend is the incorporation of wireless and wearable technology with EMG devices, allowing for remote monitoring and real-time data interpretation.
EMG machines offer insightful information about how muscles and nerves work, which is helpful in the diagnosis and treatment of diseases including muscular dystrophy and carpal tunnel syndrome.
Due to their non-invasive nature, and applications in sports science, rehabilitation, and ergonomic assessments, surface EMG devices command a sizeable market share.
EMG devices are becoming more accurate, portable, and simple to use as a result of technological breakthroughs like AI-driven data analytics and sensor downsizing.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Modality 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Modality, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Modality, 2023 to 2033 5.3.1. Portable 5.3.2. Standalone 5.4. Y-o-Y Growth Trend Analysis By Modality, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Modality, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End User, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033 6.3.1. Clinics 6.3.2. Hospitals 6.3.3. Rehabilitation Centers 6.3.4. Homecare Centers 6.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. The USA 8.2.1.2. Canada 8.2.2. By Modality 8.2.3. By End User 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Modality 8.3.3. By End User 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Modality 9.2.3. By End User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Modality 9.3.3. By End User 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Modality 10.2.3. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Modality 10.3.3. By End User 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Modality 11.2.3. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Modality 11.3.3. By End User 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Modality 12.2.3. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Modality 12.3.3. By End User 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Modality 13.2.3. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Modality 13.3.3. By End User 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Modality 14.2.3. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Modality 14.3.3. By End User 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Modality 15.1.2.2. By End User 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Modality 15.2.2.2. By End User 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Modality 15.3.2.2. By End User 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Modality 15.4.2.2. By End User 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Modality 15.5.2.2. By End User 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Modality 15.6.2.2. By End User 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Modality 15.7.2.2. By End User 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Modality 15.8.2.2. By End User 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Modality 15.9.2.2. By End User 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Modality 15.10.2.2. By End User 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Modality 15.11.2.2. By End User 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Modality 15.12.2.2. By End User 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Modality 15.13.2.2. By End User 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Modality 15.14.2.2. By End User 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Modality 15.15.2.2. By End User 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Modality 15.16.2.2. By End User 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Modality 15.17.2.2. By End User 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Modality 15.18.2.2. By End User 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Modality 15.19.2.2. By End User 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Modality 15.20.2.2. By End User 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Modality 15.21.2.2. By End User 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Modality 15.22.2.2. By End User 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Modality 15.23.2.2. By End User 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Modality 16.3.3. By End User 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Compumedics Limited 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Cadwell Laboratories Inc. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Covidien Limited 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Electrical Geodesics Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Natus Medical Inc. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Nihon Kohden America Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. NeuroWave Systems Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Noraxon USAA. Inc. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Biometrics Ltd 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. COMETA SRL 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Medtronic plc 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Healthcare Insights
View Reports