Global Electroencephalogram (EEG) Disposable Medical Electrodes Market, By Product Type (Needle Electrodes, Patch Electrodes, Cup Electrodes, Disk Electrodes, Others), Application (Diagnostic, Therapeutic, Others), Usability (Disposable Medical Electrodes, and Reusable Medical Electrodes), End User (Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2030.
Electroencephalogram (EEG) Disposable Medical Electrodes Market Analysis and Size
The rise in the incidence of healthcare-associated infections (HAIs) because of reusable EEG electrodes is a major factor expected to boost the market growth in the upcoming years. According to the CDC report in 2018, around 1.7 million cases of healthcare-associated infections (HAIs) and about 99,000 associated deaths are witnessed yearly in American hospitals. It has been withnessed that the needle electrode segment dominated the market for disposable EEG electrodes with a very high revenue share.
Data Bridge Market Research analyses that the electroencephalogram (EEG) disposable medical electrodes market, USD 762.08 million in 2022, would rocket up to USD 1,008.18 million by 2030 and is expected to undergo a CAGR of 3.56% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Electroencephalogram (EEG) Disposable Medical Electrodes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Needle Electrodes, Patch Electrodes, Cup Electrodes, Disk Electrodes, Others), Application (Diagnostic, Therapeutic, Others), Usability (Disposable Medical Electrodes and Reusable Medical Electrodes), End User (Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Centers)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Boston Scientific Corporation (U.S.), 3M (U.S.), B.D. (U.S.), General Electric (U.S.), Medtronic (Ireland), CONMED Corporation. (U.S.), Koninklijke Philips N.V. (Netherlands), Ambu A/S. (Denmark), Natus Medical Incorporated (U.S.), Leonhard Lang USA, Inc. (U.S.), NIHON KOHDEN CORPORATION (Japan), Compumedics Limited (Australia), VectraCor (U.S.), EMOTIV (U.S.), NeuroWave Systems Inc (U.S.), Wearable Sensing (U.S.), NeuroSky (South Korea)
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Market Opportunities
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Market Definition
Disposable EEG electrodes are designed to decrease cross-contamination that spreads from using reusable EEG options. It also saves time and money. These electrodes provide real-time and are very useful during numerous monitoring procedures. These are mainly used for transferring the energy of ionic currents into electrical currents in the body.
Global Electroencephalogram (EEG) Disposable Medical Electrodes Market Dynamics
Drivers
- Increasing Product Developments
Huge investments by top market players toward developing efficient diagnostic and therapeutic platforms show huge market growth. For instance, NeuroOne Medical Technologies Corporation received the United States Food and Drug Administration (FDA) 510(k) clearance to market its Evo sEEG Electrode technology in 2021. NeuroOne Medical Technologies Corporation is a medical technology company primarily focused on enhancing surgical care options and outcomes for patients suffering from neurological disorders. Thus, this factor boosts the growth of the market.
Opportunities
- Increasing Elderly Population
The increasing aged population directly shows the occurrence of neurological diseases worldwide. Estimates published by the WHO state that the global population leading to the age group of 65 years and above is anticipated to rise from 7.00% in 2000 to 16.00% in 2050. The elderly population is highly vulnerable to neurological disorders, which is anticipated to be a key market driver. The increasing elderly population in Asian countries, such as Japan and China, holds major opportunities, estimated to boost the market during the forecast period.
- Rising Demand for Cup Electrodes
The cup electrodes are in great demand and are increasing the market's growth. Cup electrodes are designed to offer reliable signals and effectiveness and are easy to use. The cup electrodes have numerous advantages, such as reduced electrode lift risk and reduced displacement-related re-application in these electrodes. It also enables a low electrode profile and offers reliable electric signals. Thus, this factor boosts market growth.
Restraints/Challenges
- Presence of EEG Alternatives
Numerous alternatives are available instead of EEG, which disrupts the market growth. MRI has a higher spatial resolution compared to electroencephalography (EEG). Other tests, such as MEG for magnetic fields (and tangential dipoles, to be exact), PET for metabolism, and microneurography for the cellular level, are also available. Thus, this factor restricts the market growth.
This electroencephalogram (EEG) disposable medical electrodes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electroencephalogram (EEG) disposable medical electrodes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
• In 2020, Brain Scientific Inc. introduced an online store to sell sanitized FDA-cleared NeuroCap and NeuroEEG. This may surge the customer pool of the company. Major market players are also investing largely in R&D to manufacture technologically advanced products
Global Electroencephalogram (EEG) Disposable Medical Electrodes Market Scope
The electroencephalogram (EEG) disposable medical electrodes market is segmented on the basis of product type, application, usability, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Needle Electrodes
- Patch Electrodes
- Cup Electrodes
- Disk Electrodes
- Others
Application
- Diagnostic
- Therapeutic
- Others
Usability
- Disposable Medical Electrodes
- Reusable Medical Electrodes
End User
- Hospitals and Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
Electroencephalogram (EEG) Disposable Medical Electrodes Market Regional Analysis/Insights
The electroencephalogram (EEG) disposable medical electrodes market is analyzed and market size insights and trends are provided by product type, application, usability, and end user as referenced above.
The countries covered in the electroencephalogram (EEG) disposable medical electrodes market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electroencephalogram (EEG) disposable medical electrodes market because of the rise in depression and obsessive-compulsive disorder (OCD) and the growing demand for minimally invasive procedures within the region. Also, technological advancements are major factors leading to market growth.
Asia-Pacific is expected to witness significant growth due to the region's incidence of psychiatric and neurodegenerative disorders. Additionally, increasing preference for clinical trials and high R&D investments by global market players due to their low-cost structure is driving the market in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The electroencephalogram (EEG) disposable medical electrodes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electroencephalogram (EEG) disposable medical electrodes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electroencephalogram (EEG) disposable medical electrodes market. The data is available for historic period 2011-2021.
Competitive Landscape and Electroencephalogram (EEG) Disposable Medical Electrodes Market Share Analysis
The electroencephalogram (EEG) disposable medical electrodes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electroencephalogram (EEG) disposable medical electrodes market.
Some of the major players operating in the electroencephalogram (EEG) disposable medical electrodes market are:
- Boston Scientific Corporation (U.S.)
- 3M (U.S.), B.D. (U.S.)
- General Electric (U.S.)
- Medtronic (Ireland)
- CONMED Corporation. (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Ambu A/S. (Denmark)
- Natus Medical Incorporated (U.S.)
- Leonhard Lang USA, Inc. (U.S.)
- NIHON KOHDEN CORPORATION (Japan)
- Compumedics Limited (Australia)
- VectraCor (U.S.)
- EMOTIV (U.S.)
- NeuroWave Systems Inc (U.S.)
- Wearable Sensing (U.S.)
- NeuroSky (South Korea)
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