NEURODIAGNOSTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The high cost of equipment hinders wider adoption rates across healthcare facilities. Furthermore, a shortage of skilled professionals trained to operate advanced diagnostic tools poses a hurdle. Reimbursement policies for expensive tests vary significantly globally, affecting return on investment. Persistent technological challenges in certain areas like brain mapping add to the research costs. Overall, achieving economies of scale due to the specialized nature and demand variability within the industry influences profit margins.
Market Opportunities – Increasing Awareness Programs for Neurological Disorders
Increasing growth strategies such as launch of awareness programs by key market players offers lucrative opportunities for the global neurodiagnostics market. For instance, in May 2022, St. Rita’s Medical Center announced the launch of a new Ceribell Rapid EEG Brain Monitoring program to ensure that optimal care is provided to critically ill patients. The Rapid EEG is providing a vital sign for brain function.
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