Electro-Diagnostic Equipment Market

Electro-diagnostic (EDX) equipment is employed in studies to measure the electrical activity of nerves and muscles. The information revealed from the diagnosis helps physicians and clinicians in evaluating several conditions such as neuropathy, myopathy, plexopathy and neuromuscular junction disorder. The electro-diagnostic studies cover two specialized tests – electromyogram (EMG) and the nerve conduction study (NCS). The nerve conduction study (NCS) is the study of nerve function which involves applying small electrical impulses through electrodes placed on skin. While in the electromyogram (EMG), a small needle electrode is inserted into various muscles to reveal the status of the muscle’s electrical activity.

The other diagnostic tests include electrocardiography (ECG), electroencephalography (EEG), electroretinography (ERG) and electrogastrography (EGG). The early diagnosis assists in the mitigation of diseases, thereby saving precious lives. This is important factor that the health fraternity depends heavily on diagnostic equipment. The increasing health consciousness and rise in the global health care expenditure are the major drivers for the growth in the electro-diagnostic equipment market.

The global electro-diagnostic equipment market is divided geographically into four major regions representing the substantial revenues generated in these regions. The segments are North America, Europe, Asia-Pacific and Rest of the World. North America is the largest geography in terms of revenue while Asia is the fastest growing region in the global electro-diagnostic market.

The huge patient pool and the low cost of medical treatment in the Asia are the factors that are responsible for a growing electro-diagnostics market in Asia.

Today’s advanced electro-diagnostic equipment has overcome the limitations earlier medical diagnostic equipment and provides the physician with more precise, live and recordable information. This has created a global rise in demand for the electro-diagnostic equipment. The major companies that manufacture and distribute the electro-diagnostic equipment are Medtronic, Abbott Vascular Devices, Boston Scientific Corporation, Siemens Medical Solutions, Philips Medical Systems, GE Healthcare, Noraxen, Viasys Healthcare, Natus Medical, Nihon Kohden.

The electro-diagnostic equipment market is estimated to present substantial growth on the back of the rising prevalence of severe muscular disorders around the world. The increasing incidences of muscle and nerve-related

Diseases such as neuromuscular disorder, plexopathy, neuropathy, myopathy, and others have given rise to the need to cure them at an early stage. These aspects have widened the scope of advancements in terms of diagnostics for the electro-diagnostic equipment market.

Electro-diagnostic equipment tests perform the function of detecting and identifying specific muscular or nerve-related issues and enable healthcare professionals to provide treatment to a patient on the lines of the diagnosis. This equipment can also help in overcoming muscular problems at a very early stage. All these factors are serving as growth propellers for the electro-diagnostic equipment market.

The growing incidences of nerve-related and muscular disorders across the globe and the need for diagnosis and treatment of the disorder with utmost efficacy may augment the growth of the electro-diagnostic equipment market. The rising awareness about muscular disorders and the diagnostics available have gained popularity among the global populace. Consequently, the relentless efforts by the medical fraternity to make diagnostics accurate and cost-effective may bring new opportunities for the growth of the electro-diagnostic equipment market.

Technological advancements and innovations such as electroencephalography, electrogastrography, and electroretinography have generated new avenues for the growth of the electro-diagnostic equipment market. In addition, the physicians are updated with real-time, precise, and recordable information through this equipment. The awareness regarding early diagnosis of diseases among the population across the globe has proved to be a growth accelerator for the electro-diagnostic equipment market. Furthermore, the consciousness regarding health among the global populace has driven the electro-diagnostic equipment market.

The government bodies of various countries across the globe are focusing on developing the healthcare infrastructure. Subsequently, the government funding for using advanced technology and equipment has augmented the growth of the electro-diagnostic equipment market. The aim of providing well-equipped infrastructure to the masses has led to the installation of effective equipment in healthcare centers. Hence, the leading manufacturers are expediting their production capacities to meet the escalating demand for electro-diagnostic equipment across the world. All these aspects have created tremendous growth opportunities for the global electro-diagnostic equipment market.