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The EEG disposable medical electrodes market is estimated to be valued at US$ 736.6 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
EEG disposable medical electrodes are used to record brain wave activity by placing them at multiple sites on the scalp while performing EEG procedures. These electrodes come in various sizes and shapes depending upon the area of placement and application. Disposable electrodes eliminate the need for reapplication of conductive paste or gel each time thus making EEG procedures faster. They are mainly used in ambulatory EEG monitoring, ICU EEG monitoring, diagnostic EEG procedures in hospitals, private clinics and diagnostic centers.
Market Dynamics:
Rising prevalence of neurological disorders such as epilepsy, stroke, Alzheimer’s disease, Parkinson’s disease, migraines, sleep disorders is a major factor fueling the adoption of EEG procedures. According to World Health Organization (WHO), nearly 50 million people worldwide have epilepsy making it one of the most common neurological disorders globally. Further, growing geriatric population also contributes to increased incidence of such neurological conditions necessitating frequent EEG monitoring thus propelling the disposable electrodes market. The non-invasive and portable nature of EEG along with improved affordability of EEG devices and procedures has boosted its adoption especially in ambulatory/home care settings and ICUs. Ambulatory EEG testing allows monitoring of patients for longer duration outside hospitals to detect intermittent abnormalities thus augmenting the market growth. Continued technological advancements aimed at making EEG procedures more simplified, portable and cost-effective while improving diagnostic accuracy also plays a vital role.
Read More Insights: https://www.coherentmarketinsights.com/market-insight/eeg-disposable-medical-electrodes-market-3821
Segment Analysis
The EEG disposable medical electrodes market is dominated by the surface electrodes segment owing to its convenience of application and safety. Surface electrodes are widely used for EEG procedures as they provide clear signals and are easy to apply. They do not require conducting gels or pastes and have strong adhesive backing for secure attachment to the scalp.
PEST Analysis
Political: Regulations regarding safety and efficacy of medical devices are becoming more stringent globally which may increase the cost of compliance for companies in this market.
Economic: Rising healthcare spending and increasing incidence of neurological disorders are expected to drive growth in the EEG disposable medical electrodes market.
Social: Growing awareness about brain health and rising acceptance of EEG procedures for diagnostic and therapeutic applications will support market expansion.
Technological: Developments in electrode materials and designs for improved signal quality, precision, and comfort levels are expanding the potential clinical applications of EEG monitoring.
Key Takeaways
The global EEG disposable medical electrodes market is expected to witness high growth, exhibiting CAGR of 4.4% over the forecast period, due to increasing prevalence of neurological disorders, rising number of diagnostic EEG procedures, and technological advancements.
Regional analysis: North America dominates the global EEG disposable medical electrodes market owing to the well-established healthcare system, high adoption of advanced neurodiagnostic technologies, and large patient population of neurological conditions in the region. Asia Pacific is anticipated to exhibit the fastest growth during the forecast period driven by expanding healthcare infrastructure, growing medical tourism, and increasing investments by key market players.
Key players operating in the EEG disposable medical electrodes market are Medtronic Plc, 3M, Ambu A/S, GE Healthcare, Johnson & Johnson, Nissha GSI Technologies, Olympus Corporation, Conmed Corporation, Graphic Controls, Yancheng Tianrun Medical Technology Co., Ltd., B. Braun Melsungen AG, Stryker Corporation, Utah Medical Products, Inc., ZOLL Medical Corporation, Symmetry Surgical, Brain Scientific, Inc., Rhythmlink International, Erbe Elektromedizin GmbH, KLS Martin Group, Screentec Oy, Nihon Kohden Corporation, IMAC Holdings, Inc., Natus Medical Incorporated, and Koninklijke Philips N.V.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
