Electromyography (EMG) Devices Market to grow at a CAGR of 7.1% during 2024-2028
The Electromyography (EMG) Devices Market is expected to grow at a CAGR of 7.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 403.2 million. The application of bioengineering in prosthetic rehabilitation is experiencing significant advancements, transcending traditional material enhancements. Neural interfacing, a form of brain-computer interface, is revolutionizing the prosthetics industry. This innovative technology enables individuals to control prosthetic limbs using neural signaling from the brain, fostering a sense of natural integration. Implantable electrodes further augment the efficiency of these devices by enhancing sensitivity and accuracy. However, the implementation of this technology involves surgical procedures, which come with substantial costs.
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Technavio analysts predict that the Hospitals and clinics subsegment will lead the End-user segment during 2024 and 2028 The Electromyography (EMG) devices market signifies a significant growth potential for businesses, driven by the increasing prevalence of neuromuscular disorders and the rising demand for minimally invasive diagnostic tools. EMG technology, which measures the electrical activity of muscles, offers precise diagnosis and treatment planning for various conditions. Market players are investing in advanced technologies, such as wireless EMG systems and portable devices, to expand their product offerings and cater to evolving customer needs. The global EMG devices market is expected to experience robust growth in the coming years, providing ample opportunities for businesses to capitalize on this trend.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increasing prevalence of neuromuscular disorders
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Electromyography (EMG) devices are essential diagnostic tools used to assess various muscle disorders and nerve conditions. While blood tests and imaging tests are commonly used to diagnose diseases, EMG plays a crucial role in identifying issues related to motor neurons, myopathies, and nerve compression syndromes. Conditions such as myasthenia gravis, post-polio syndrome, dermatomyositis, and polymyositis can be diagnosed using EMG. EMG measures electrical signals from muscles and nerves, providing valuable information about muscle function and nerve integrity. It is particularly useful in diagnosing conditions like sciatica, cervical radiculopathy, pinched nerves, carpal tunnel syndrome, peripheral neuropathy, and other nerve compression syndromes. Symptoms like tingling, numbness, muscle weakness, and nerve damage can be identified through EMG. EMG is an essential electrodiagnostic testing method for evaluating motor nerves, peripheral nerves, and the central nervous system. By analyzing the electrical activity of skeletal muscles, EMG devices help diagnose various muscle disorders and nerve conditions, contributing significantly to effective treatment and management of these conditions.
According to Technavio, the Electromyography (EMG) Devices Market is a significant segment within the expansive Global Healthcare Equipment Market. This market encompasses entities involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are utilized for the diagnosis, monitoring, and treatment of various diseases. Technavio estimates the size of the Global Healthcare Equipment Market by aggregating the revenues generated by manufacturers of diagnostic equipment and devices across diverse therapy areas. The Healthcare Equipment Industry is segmented into Devices, which includes advanced, differentiated, and clinically validated data-driven devices, such as EMG devices, used for the accurate assessment of muscle function.
The Electromyography (EMG) Devices Market is experiencing significant growth, fueled by the increasing prevalence of neuromuscular disorders. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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