2014-02-14 21:48:03 - Global EEG/EMG Equipment Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global EMG Equipment market is to grow at a CAGR of 5.77 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for digitized EEG/EMG systems. The Global EEG/EMG Equipment market has also been witnessing an increase in the number of mergers and acquisitions. However, saturation of major markets could pose a challenge to the growth of this market.
Initially, US-based vendors were the key players in the Global EEG/EMG Equipment market. Over time, the market has witnessed the entry of vendors based in several untapped markets, leading to intense competition. With the emergence of vendors such as the Japan-based Nihon Kohden and the Australia-based Compumedics, many US-based vendors have witnessed
a decline in their market shares. Moreover, China-based vendors are also expected to enter the market in the next few years. Therefore, the entry of new vendors from untapped markets is a trend that is expected to have a positive impact on the growth of the Global EEG/EMG Equipment market during the forecast period.
The growth of the Global EEG/EMG Equipment market is driven by several factors, one of which is the increasing demand for digitized EEG/EMG systems. Nowadays, EEG/EMG equipment is available in the form of scientifically advanced digital systems, which offer several innovative features. Such equipment is user-friendly and also delivers more precise results.
One of the key challenges in this market is the saturation of major markets. For instance, the markets in the US and Europe have become saturated with time, and the vendors in these regions now need to explore new markets for opportunities. These vendors have to face competition from local manufacturers in new markets.
The key vendors dominating this market space include Compumedics Ltd., Natus Medical Inc., and Nihon Kohden Corp. The other vendors mentioned in this report are Cadwell Laboratories Inc., Electrical Geodesics Inc., and NeuroWave Systems Inc.
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