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The US neurodiagnostic and monitoring devices market size is estimated to grow by USD 827.88 million at a CAGR of 6.19% between 2023 and 2028. The market experiences growth driven by rising incidences and prevalence of neurological conditions, alongside a surge in demand for EEG procedures. Government and healthcare organizations' initiatives further propel market expansion. However, challenges arise from the high costs linked to neurodiagnostic and monitoring devices, coupled with complications inherent in such procedures. Additionally, there's a notable scarcity of skilled neurologists and neurodiagnostic technicians, hindering seamless healthcare delivery. Despite these obstacles, ongoing advancements in technology and concerted efforts from stakeholders aim to mitigate challenges, fostering innovation and accessibility in neurodiagnostic and monitoring services.
Due to the increased prevalence of brain disorders, there is an increase in demand for EEG procedures. In order to diagnose a large number of neurological disorders, an EEG test is essential. Moreover, EEG devices are also being increasingly used for other applications such as cognitive health and well-being, sleep quality improvement, and stress reduction. The increasing demand for EEG devices for the diagnosis of neurological disorders drives the adoption of EEG devices in the country. Hence, the rising demand for EEG procedures will propel the growth of the market during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Market Segmentation by Application
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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