Brain and Nerve Function Monitoring Equipment Market

A steep rise in obesity, cardiovascular, and autoimmune diseases drives the market for Electroencephalography (EEG), Electromyography (EMG), and brain function diagnostic and monitoring equipment globally, according to a new report by Global Industry Analysts (GIA, San Jose, CA, USA), a leading market research publisher.

The introduction of scientifically advanced digital EEG equipment, offering cutting-edge functionality at lower costs, high precision monitoring abilities, and ease of operation, continues to drive the brain monitoring equipment market. According to GIA, EEG systems offer significant advantages over competing technologies such as magnetic resonance imaging (MRI) and computerized tomography (CT) equipment in terms of cost and space requirements, which makes them suitable alternative to these procedures.

The report analyzes current and future projections over the period 2001-2015, while historic analytics provide a review of the industry's performance in the recent past (1996-2000). Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, and Latin America. The study covers major market trends, issues, and competition and enumerates recent developments, mergers, acquisitions, and other strategic industry activities. According to this data, the United States and Europe collectively account for more than 75% of the brain function monitoring equipment market worldwide; Asia-Pacific and Latin America emerge as the most lucrative markets worldwide with the compound annual growth rate (CAGR) hovering between 8%-9%. France, Germany, and the United Kingdom represent the leading markets in Europe, accounting for about 45% of the market in 2008. EEG equipment represents the largest segment of the combined EEG/EMG/Brain Function monitoring equipment market, accounting for an estimated 87% in volume sales in Europe in 2008.

The EEG/EMG/brain function monitoring equipment industry is expected to grow steadily in coming years, with maximum growth being derived from lesser-developed regions including Asia-pacific and Latin America. By the year 2010, global EEG/EMG/Brain Function Monitoring equipment market is projected to cross US$1 billion mark.


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