The electromyography emg electrode global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electromyography EMG Electrode Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The electromyography EMG electrode market size has grown strongly in recent years. It will grow from $0.85 billion in 2023 to $0.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to the growing elderly population, streamlined regulatory processes for medical devices, expansion of clinical applications, the advent of telemedicine, and rise in demand for portable and easy-to-use EMG.
The electromyography EMG electrode market size is expected to see strong growth in the next few years. It will grow to $1.24 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the increasing prevalence of neuromuscular disorders, increased awareness and better access to healthcare, increased healthcare spending, increased use of EMG for injury prevention, and the rise of telemedicine and remote patient monitoring. Major trends in the forecast period include advancements in EMG technology, integration of EMG with other diagnostic tools, integration of EMG sensors in wearable devices, advanced diagnostic tools such as EMG, and enhanced training programs for healthcare professionals.
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Scope Of Electromyography EMG Electrode Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electromyography EMG Electrode Market Overview
Market Drivers –
The increasing prevalence of neurological disorders is expected to propel the growth of the electromyography EMG electrode market going forward. A neurological disorder is a condition that affects the nervous system, including the brain, spinal cord, and nerves, resulting in various physical, cognitive, and emotional symptoms. The prevalence of neurological disorders is growing due to an aging population and increased exposure to risk factors such as pollution, lifestyle changes, and improved diagnostic capabilities. Electromyography (EMG) electrodes are used to diagnose and monitor neurological disorders by recording electrical activity in muscles, aiding in the detection of nerve dysfunction and muscle abnormalities. For instance, in October 2023, according to the World Federation of Neurology, a UK-based association of national neurological societies, over 40% of the global population currently suffers from some neurological condition, and this burden is projected to nearly double by 2050. The number of people who die from stroke globally is estimated to increase by 50%, to 9.7 million deaths per year, by 2050. Therefore, the increasing prevalence of neurological disorders is driving the growth of the electromyography EMG electrode market.
Market Trends –
Major companies operating in the electromyography EMG electrode markets are focusing on developing technologically advanced products, such as advanced neuromuscular monitoring electrodes, to sustain their position in the market. Neuromuscular monitoring electrodes are specialized devices used to assess and monitor the electrical activity and function of muscles and the neuromuscular junction. For instance, in October 2022, Nihon Kohden Corporation, a Japan-based medical device manufacturer, launched the Smart Cable NMT Pod and Disposable Electrode. This innovative device aims to improve the monitoring of neuromuscular blockade during surgeries, providing clinicians with a more reliable and objective method to assess patients’ levels of paralysis when neuromuscular blockade agents (NMBA) are used. Unlike traditional methods, which rely on acceleromyography (AMG) and manual counting of twitches in the patient’s thumb, the Smart Cable NMT Pod uses electromyography (EMG). This integration allows for more accurate and automated measurement of neuromuscular activity. EMG captures the electrical signals produced by muscle tissues in response to peripheral nerve stimulation, providing a precise measurement of the level of paralysis.
The electromyography emg electrode market covered in this report is segmented –
1) By Type: Metal Electrode, Non-Metal Electrode, Disposable, Reusable
2) By Age Group: Pediatric, Adult, Geriatric
3) By Distribution Channel: Direct Sales, Retail Pharmacies, Online Pharmacies
4) By Application: Hospital, Medical Center, Specialty Clinics, Rehabilitation Centers, Diagnostic Centers
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Regional Insights –
North America was the largest region in the electromyography (EMG) electrode market in 2023. The regions covered in the electromyography emg electrode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the electromyography emg electrode market are Nihon Kohden Corporation, Nissha Co Ltd, Bittium Corporation, Ambu A/S, Natus Medical Incorporated, Contec Medical Systems Co. Ltd, Neurosoft Ltd., Compumedics Limited, EB Neuro S.p.A., Inomed Medizintechnik GmbH, Technomed, Rhythmlink International LLC, BTS S.p.A, Cadwell Industries Inc., Thought Technology Ltd., Bio-Medical Instruments, Spes Medica Srl, BioRESEARCH Associates Inc., Clarity Medical Pvt. Ltd., DEYMED Diagnostic sro, Noraxon U.S.A. Inc.
Table of Contents
- Executive Summary
- Electromyography EMG Electrode Market Report Structure
- Electromyography EMG Electrode Market Trends And Strategies
- Electromyography EMG Electrode Market – Macro Economic Scenario
- Electromyography EMG Electrode Market Size And Growth
…..
- Electromyography EMG Electrode Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Electromyography (EMG) Electrode Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Electromyography (EMG) Electrode Market, Segmentation By Age Group, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Electromyography (EMG) Electrode Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………….
Table 75: Nihon Kohden Corporation Financial Performance
Table 76: Nissha Co Ltd Financial Performance
Table 77: Bittium Corporation Financial Performance
Table 78: Ambu A/S Financial Performance
Table 79: Natus Medical Incorporated Financial Performance
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