ECG & EEG Testing to Procure US$ 5.8 Billion in Revenue by 2024-end. Digital pathology has paved the way for monitoring the reports of the patients even at the global level. Thus, digitization of medical imaging has facilitated transmission of an X-Ray from rural clinic to be looked through by radiologists around the world. The associated software’s could help in prioritizing, organizing, and reading images. There are VR programs that let a surgeon practice the forthcoming procedure by making use of medical images of the patients. This would be the behaviour of ECG and EEG Testing Market going forward.
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Rising number of people suffering from sleep and psychiatric disorders has compelled medical practitioners to check their vital body stats through ECG and EEG tests. The demand for ECG And EEG Testing is progressively rising among patients suffering from insomnia or hyper-anxiety.
A recent study conducted by Persistence Market Research estimates that in 2016, the global market for ECG And EEG Testing was valued at nearly US$ 4,000 million. According to Persistence Market Research, the global ECG And EEG Testing market will soar steadily at 5.1% CAGR and reach US$ 5,878.3 million in value by the end of 2024.
Company Profiles
- North America Top Sleep Testing centers
- Sleep Service America
- Carolinas HealthCare System
- SleepMed
- Europe Top Sleep Testing centers
- Papworth Hospital
- St Thomas’s Hospital, London
- Sonnomed.it
- Asia Pacific Top Sleep Testing centers
- Sleep Studies Australia
- Genesis SleepCare
- United Family Healthcare, China
- UM Specialist Centre
- Rest of World Top Sleep Testing centers
- Premier Diagnostic Center
- German Neuroscience Center
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Higher Preference to EEG Tests
While contributing to global revenues, ECG tests account for more than one-third share throughout the forecast period. However, revenues accounted by EEG tests continue to account for the other two-third of global ECG ad EEG testing market. Improved measurement and efficient outcomes of EEG tests are promoting their use over ECG tests.
The report clearly indicates that in the years to come, patients suffering from sleep-related diseases and psychiatric ailments will continue opting for EEG tests. By the end of 2024, EEG tests will attribute to global revenues worth over US$ 3,800 million.
Sleep Disorders Will Continue Driving Sales
While comparing psychiatric disorders against sleep-related diseases, the demand for ECG and EEG tests will be more inclined towards facilitating sleep testing services for patients. In 2016, more than 65% of global revenues were accounted by the use of ECG and EEG tests for sleep testing methods.
Mental health monitoring, on the other hand, will witness a marginal rise in demand. Nevertheless, almost US$ 4,000 million revenues will be accounted by sleep testing services by the end of 2024.
Additional highlights of the report include:
- Hospitals and sleep clinics from around the world will collectively be the largest end-user of ECG and EEG tests in treatment of sleep and psychiatric disorders
- The use of such tests will also gain traction in individual home settings, accounting for nearly 17% of global revenues by 2024-end
- German Neuroscience Center and United Family Healthcare are two emerging players in the market, while Sleep Services of America and Carolinas HealthCare System have been accounting for a majority of global revenues
- The report has also profiled mid-level service providers such as UM Specialist Centre and Sleep Studies Australia
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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