Global EEG Disposable Medical Electrodes Market is expected to grow at a CAGR of 4.1% during the forecast period 2020-2027
A new research report published by Fior Markets with the title EEG Disposable Medical Electrodes Market by Product (Patch Electrodes, Cup Electrodes, Disk Electrodes, Needle Electrodes and Others), Application (Therapeutic, Diagnostic and Others), End-users, Region and Global Forecast 2020-2027.
The global EEG disposable medical electrodes market is expected to grow from USD 634.65 million in 2019 to USD 875.26 million by 2027, at a CAGR of 4.1% during the forecast period 2020-2027. North America is the dominant market in terms of market share. The growth can be attributed to the tremendous growth in the healthcare infrastructure in the past decade, which has ultimately resulted in increased demand for advance medical devices such as EEG electrodes. Apart from this, Asia-Pacific is expected to witness high growth rate during the forecast years. The reason for the growth is the increasing prevalence of the chronic diseases and rising per capita income of the local population. Further, the growing awareness among consumers for the early detection of diseases has fueled the market for the product.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the EEG disposable medical electrodes market are Johnson & Johnson, Nissha GSI Technologies, Erbe Elektromedizin GmbH, Olympus Corporation, KLS Martin Group, Conmed Corporation, ZOLL Medical Corporation, Rhythmlink International, Ambu A/S, GE Healthcare, Stryker Corporation, Utah Medical Products Inc., Symmetry Surgical, Medtronic Plc, Graphic Controls, B. Braun Melsungen AG, Yancheng Tianrun Medical Technology Co. Ltd., Nihon Kohden Corporation, Koninklijke Philips N.V., Screentec Oy, Natus Medical Incorporated, and others. In March 2020, the Brain Scientific Inc., which is a leading medical device company, announced the launch of products and services for advance diagnosis of the brain.
The product segment includes patch electrodes, cup electrodes, disk electrodes, needle electrodes and others. Among these, the needle electrodes hold a significant market share. A needle electrode is a fine wire which enables the flow of the electrical current. The current which passes through the needle is of high density which destroys the affected tissues. The needle electrodes are majorly of two types; one is a simple and straight needle while the other one is a straight and hollow needle. Further, it is also used in the monitoring devices which are used for monitoring electrical activity. The application segment includes therapeutic, diagnostic and others. The diagnostic segment holds a major market share. The EEG disposable medical electrodes are initially invented for the diagnosis of chronic diseases at an early stage. Thus, this application still remains dominant in the market. The increasing awareness among consumers has resulted in the growth of the segment. The end-users segment includes hospitals & clinics, diagnostic centres, ambulatory surgical centres and others. The hospitals account for significant market share. The hospitals provide greater facilities than the other segments. Further, the increased funding by the authorities in the R&D sector has resulted in the advancement of the segment.
The EEG disposable medical electrodes are found to be helpful in the diagnosis of various diseases. It is preferred by majority patients as it is a non-invasive technique and also prevents any risk of cross-contamination. Further, disposable EEGs are also popular among the medical staff owing to its easy and quick application. The growing usage of nanotechnology has resulted in the advancement of the electrodes.
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About the report:
The global EEG disposable medical electrodes market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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