Neurophysiology Devices And Equipment Market

By Technology;

Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECoG), and Evoked Potential (EP)

By Modality;

Portable and Standalone

By Application;

Sleep Disorders, Parkinson's Disease, Epilepsy, Alzheimer's Disease, and Other

By End Users;

Hospitals and Ambulatory Surgical Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn107334863 Published Date: August, 2025

Neurophysiology Devices And Equipment Market Overview

Neurophysiology Devices And Equipment Market (USD Million)

Neurophysiology Devices And Equipment Market was valued at USD 1,653.31 million in the year 2024. The size of this market is expected to increase to USD 2,437.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.


Neurophysiology Devices And Equipment Market

*Market size in USD million

CAGR 5.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.7 %
Market Size (2024)USD 1,653.31 Million
Market Size (2031)USD 2,437.13 Million
Market ConcentrationMedium
Report Pages333
1,653.31
2024
2,437.13
2031

Major Players

  • Medtronic Plc
  • Nihon Kohden Corporation
  • Dr. Langer Medical Gmbh
  • Natus Medical Incorporated
  • Inomed Medizintechnik

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Neurophysiology Devices And Equipment Market

Fragmented - Highly competitive market without dominant players


The Neurophysiology Devices and Equipment Market is essential for diagnosing and treating neurological disorders, offering vital data to healthcare professionals for accurate diagnosis and treatment. These devices are integral in assessing brain and nerve activity, supporting the management of conditions such as epilepsy, Parkinson's disease, and multiple sclerosis. With advancements in technology, the demand for these devices continues to surge, further shaping the future of neurophysiological care.

Technological Advancements in Neurophysiology Devices
Technological breakthroughs are fueling the neurophysiology device market, particularly in the use of EEG (electroencephalography) and EMG (electromyography) systems. These innovations have significantly boosted their adoption, with EEG devices currently holding 27% of the market share. Likewise, nerve conduction studies have experienced 18% growth, underscoring their critical role in diagnosing nerve function and damage.

The Role of AI and Automation in the Market
Recent trends have highlighted the growing influence of AI (artificial intelligence) and machine learning in neurophysiology devices. This technology integration is advancing diagnostic capabilities, making devices smarter and more efficient. The automation trend has contributed to 22% of the overall market, improving both the accuracy and speed of diagnoses, thus optimizing healthcare workflows.

Increasing Demand Due to Neurological Disorders
The rise in neurological disorders and an increasing focus on mental health are major factors driving market growth. Devices capable of monitoring brain electrical activity and muscle function are in high demand, particularly in clinical research settings. The market has seen a 25% increase in research-based applications of neurophysiology equipment, reflecting the growing emphasis on both treatment and research.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Modality
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Users
    5. Market Snapshot, By Region
  4. Neurophysiology Devices And Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Neurological Disorders
        2. Technological Advancements
        3. Increasing Demand for Non-Invasive Diagnostic Tools
      2. Restraints
        1. High Cost of Advanced Neurophysiology Equipment
        2. Stringent Regulatory Requirements
        3. Limited Accessibility in Developing Regions
      3. Opportunities
        1. Growing Emphasis on Remote Monitoring and Telemedicine
        2. Expansion into Emerging Markets
        3. Integration of Artificial Intelligence and Machine Learning
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Neurophysiology Devices And Equipment Market, By Technology, 2021 - 2031 (USD Million)
      1. Electromyography (EMG)
      2. Electroencephalography (EEG)
      3. Electrocorticography (ECoG)
      4. Evoked Potential (EP)
    2. Neurophysiology Devices And Equipment Market, By Modality, 2021 - 2031 (USD Million)
      1. Portable
      2. Standalone
    3. Neurophysiology Devices And Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Sleep Disorders
      2. Parkinson's Disease
      3. Epilepsy
      4. Alzheimer's Disease
      5. Others
    4. Neurophysiology Devices And Equipment Market, By End Users, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
    5. Neurophysiology Devices And Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Medtronic Plc
      2. Nihon Kohden Corporation
      3. Dr. Langer Medical Gmbh
      4. Natus Medical Incorporated
      5. Inomed Medizintechnik
  7. Analyst Views
  8. Future Outlook of the Market