ELECTRO-DIAGNOSTIC DEVICES MARKET ANALYSIS

Electro-Diagnostic Devices Market, by Product Type (Electromyogram (EMG), Nerve Conduction (NCS), Electrocardiography (ECG), Electroencephalography (EEG), Electroretinography (ERG), Electrogastrography (EGG) and Others), by End User (Hospitals & clinics, Ambulatory care research centers, Rehabilitation centers, Diagnostic centers and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

Published In : Dec 2018
Code : CMI2328
Pages :145
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Electro-Diagnostic Devices Market Restraints

Although demand for electro-diagnostic devices is increasing worldwide, there is a lack of skilled labors in low-income countries such as India. Unfavorable labor laws and limited trained workforce in India to install operate, repair, and service equipment is restraining growth of the electro-diagnostic devices market.

Moreover, high installation and maintenance costs of these complex devices is one of the major factor hampering growth of the market. For instance, the high cost of EEG system, which is nearly US$ 1,13,616 and high cost of maintenance limits its widespread use in for Epilepsy Monitoring Units (EMUs) across the globe, especially in developing economies where the funding or reimbursements for these devices is inadequate.