ELECTRO-DIAGNOSTIC DEVICES MARKET ANALYSIS

Electro-Diagnostic Devices MarketSize and Trends

The global electro-diagnostic devices market size was valued at US$ 970.6 million in 2017, and is expected to witness a CAGR of 7.50% over the forecast period (2018 – 2026).

Global Electro-Diagnostic Devices Market Share (%) Analysis, by Product Type, 2018 and 2026

Source: Coherent Market Insights Analysis (2018)

Global Electro-Diagnostic Devices Market Value (US$ Mn) & Y-o-Y Growth (%)

 Source: Coherent Market Insights Analysis (2018)

Market- Trends

Increasing Prevalence of Neuromuscular Diseases such as Amyotrophic lateral sclerosis (ALS), Multiple sclerosis, and Muscular dystrophy is Expected to Drive the Electro-Diagnostic Devices Market Revenue

Rising prevalence of neuromuscular diseases such as Amyotrophic Lateral Sclerosis (ALS), multiple sclerosis, and muscular dystrophy is propelling demand for electro-diagnosis, which in turn is driving growth of the electro-diagnostic devices market. For instance, according to the Cleveland Clinic Foundation, 2016, multiple sclerosis affects around 2.5 million people worldwide. Early symptoms of multiple sclerosis majorly occur in age group of 20-50 years.

Growing geriatric population worldwide is increasing the risk of neuromuscular disorders which is also a major factor driving the electro-diagnostic devices market growth. For instance, as per the report published by United Nations in 2017, the number of older people in age group 60 years or over is projected to reach from 962 million in 2017, to 2.1 billion in 2050 globally. Furthermore, according to the U.S. Census Bureau’s 2017, National Population Projections, an estimated 78.0 million people will be around age 65 years and older as compared to 76.7 million under the age of 18 in U.S by 2035.