New York, NY -- (SBWire) -- 12/15/2017 --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.
In the report, titled "ECG & EEG Testing Market: Global Industry Analysis and Forecast, 2016-2024," North America has been predicted as the world's largest regional market for ECG ad EEG testing. While North America will dominate with over 40% share of global revenues, demand for ECG and EEG testing in Europe is also on a rise. By the end of 2024, Europe's ECG and EEG testing market will be valued over US$ 1,600 million. On the other hand, revenues amassed from Asia-Pacific will witness fastest increment at a CAGR of 5.5%.
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.
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Summary of Table of Content
1. Executive Summary
2. Market Introduction
3. Market Analysis Scenario
4. Market Dynamics
5. Global ECG and EEG Testing Market Analysis and Forecast, By Test Type
6. Global ECG and EEG Testing Market Analysis and Forecast, By Service Type
7. Global ECG and EEG Testing Market Analysis and Forecast, By End User
8. Global ECG and EEG Testing Market Analysis and Forecast, By Region
9. North America ECG and EEG Testing Market Analysis and Forecast
10. Europe ECG and EEG Testing Market Analysis and Forecast
11. Asia Pacific ECG and EEG Testing Market Analysis and Forecast
12. Rest of World ECG and EEG Testing Market Analysis and Forecast
13. Competition Landscape
14. Assumptions and Acronyms Used
15. Research Methodology
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About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
ECG and EEG Testing Market: Segment Snapshot and Table of Content (2016-2024)