PUBLISHER: The Business Research Company | PRODUCT CODE: 1946597
PUBLISHER: The Business Research Company | PRODUCT CODE: 1946597
Neurophysiology devices and equipment measure and assess nervous system functions, including spinal cord, brain, and peripheral nerve activity, to identify dysfunctions and nerve damage.
The main technologies used in neurophysiology devices include electromyography (EMG), electroencephalography (EEG), electrocorticography (ECoG), and evoked potential (EP) techniques. Electromyography (EMG) is a diagnostic method used to evaluate muscle health and the nerve cells that control muscle activity. EMG findings can identify nerve dysfunction, muscle disorders, or abnormalities in nerve-to-muscle signal transmission. Neurophysiology devices are available as standalone or portable systems and are used by end users such as hospitals and ambulatory surgical centers.
Tariffs are impacting the neurophysiology devices market by increasing costs of electrodes, sensors, and electronic components, particularly affecting portable and wireless systems in Asia-Pacific manufacturing regions. Hospitals and ambulatory centers have faced higher procurement costs. Positive impacts include increased local manufacturing initiatives and improved supplier diversification.
The neurophysiology devices and equipment market research report is one of a series of new reports from The Business Research Company that provides neurophysiology devices and equipment market statistics, including neurophysiology devices and equipment industry global market size, regional shares, competitors with a neurophysiology devices and equipment market share, detailed neurophysiology devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the neurophysiology devices and equipment industry. This neurophysiology devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The neurophysiology devices and equipment market size has grown marginally in recent years. It will grow from $1.72 billion in 2025 to $1.76 billion in 2026 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to growth in neurological testing, advancements in EMG and EEG, increasing surgical volumes, expansion of hospital neurology departments, clinical research growth.
The neurophysiology devices and equipment market size is expected to see strong growth in the next few years. It will grow to $2.51 billion in 2030 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to demand for point-of-care diagnostics, rising prevalence of nerve disorders, technological miniaturization, expansion of ambulatory centers, increasing training and education programs. Major trends in the forecast period include rising adoption of portable neurophysiology devices, increased use in intraoperative monitoring, growing demand for wireless recording systems, expansion of neurology and neurodiagnostic labs, focus on early detection of nerve disorders.
The primary factor supporting the expansion of the neurophysiology device and equipment market is the increasing global prevalence of neurological disorders. Neurological disorders are considered among the most widespread recurring health conditions worldwide. There are more than 600 identified neurological disorders, including brain tumors, epilepsy, Parkinson's disease, and Alzheimer's disease. These conditions are ranked among the leading causes of Disability Adjusted Life Years (DALYs), which represent the number of years lost due to ill health, disability, or premature death. The rising number of neurological disease cases and the growing patient population are contributing to higher demand for devices used in the diagnosis and treatment of these disorders. For example, in February 2023, according to Cancer Research UK, a UK-based charity, the average annual number of new brain, other central nervous system, and intracranial tumor cases in the UK is projected to increase from approximately 12,600 during 2023-2025 to around 13,600 by 2038-2040. This trend is increasing the need for medical devices used in neurological care, thereby supporting the neurophysiology device and equipment market during the forecast period.
Government initiatives supporting next-generation invasive devices are expected to propel growth of the neurophysiology devices and equipment market. Government initiatives include policies, programs, and funding mechanisms designed to promote innovation and clinical adoption of advanced medical technologies. For example, in 2023, according to the US Department of Health and Human Services, the National Institutes of Health issued a funding opportunity announcement encouraging early-stage and first-in-human clinical studies for next-generation invasive devices. These initiatives are accelerating innovation and driving demand for advanced neurophysiology devices and equipment.
Major companies operating in the neurophysiology devices and equipment market are introducing innovative products such as Evo sEEG electrodes to drive revenue growth. The Evo sEEG electrode is a high-definition, minimally invasive thin-film electrode developed for the diagnosis and treatment of multiple neurological disorders. For example, in May 2023, NeuroOne Medical Technologies Corporation, a US-based medical technology company, launched Evo sEEG electrodes. The Evo sEEG electrode also holds potential for future applications in spinal cord stimulation and ablation therapies. These electrodes incorporate high-definition thin-film technology that may enhance signal clarity while enabling secure, precise, and less invasive diagnostic procedures for patients with conditions such as epilepsy, chronic back pain, and Parkinson's disease.
Major companies operating in the neurophysiology devices and equipment market are Medtronic Plc, Nihon Kohden Corporation, Dr. Langer Medical GmbH, Natus Medical Incorporated, Inomed Medizintechnik, NuVasive Inc, Axon Healthcare Ltd., Bovie Medical Corporation, Neurosign, Neurowave Systems, Cadwell Industries, Brainsway, Checkpoint Surgical, Deymed Diagnostic Inc., EMS Biomedical, Compumedics Limited, Magtism, Langer Medical, Shanghai NCC Medical, Ambu, Blackrock Microsystems, Cognionics, Morningside Medical Equipment, BeckerSmith Medical, Cognivue, Helius Medical Technologies, inTRAvent Medical Partners, Neural Diagnostics Pty Ltd, Irras AB
North America was the largest region in the neurophysiology devices and equipment market in 2025. Western Europe was the second-largest region in the global neurophysiology devices and equipment market share. The regions covered in the neurophysiology devices and equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the neurophysiology devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The neurophysiology devices and equipment market consist of sales of devices and instruments for nerve conduction studies. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Neurophysiology Devices And Equipment Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses neurophysiology devices and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for neurophysiology devices and equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The neurophysiology devices and equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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