Disposable EEG Electrode Market: Hospital Segment Dominated And Held The Largest Revenue Share

 Disposable EEG Electrode Industry Overview

The global disposable EEG electrode market size was valued at USD 695.6 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028. The demand for disposable EEG electrodes is increasing owing to technological advancements, an increasing number of HAIs cases, and the rising prevalence of neurological disorders across the globe. The increasing incidence of HAIs due to lack of sanitation and precaution is one of the leading factors contributing to the growth of the market for disposable EEG electrodes.

For instance, as per the CDC, about one in 25 hospital patients contracts at least one HAI every year. The use of disposable EEG electrodes helps to lower the risk of contracting HAIs. Furthermore, they also help to prevent the transmission of bacterial and other microbial infections from entering a patient’s body. Thus, healthcare professionals prefer to use disposable products over reusable ones. These factors are anticipated to propel the growth of the market for disposable EEG electrodes over the forecast period.


Gather more insights about the market drivers, restraints and growth of the Global Disposable EEG Electrode Market


Increase in the prevalence of HAIs due to the use of reusable EEG electrodes is a key factor anticipated to propel market growth over the forecast period. According to a CDC report in 2018, around 1.7 million cases of HAIs and around 99,000 associated deaths are reported each year in American hospitals. As per a report published by European Centre for Disease Prevention and Control (ECDC), in 2018, the prevalence of HAIs in European countries was around 7.1%. It also reported that around 4,131,000 patients suffer from HAIs in Europe each year. Such cases are expected to increase the demand for disposable EEG electrodes.

Increasing prevalence of neurological diseases, such as Parkinson’s disease, epilepsy, essential tremor, and dystonia, is a high-impact driver of the market for disposable EEG electrodes. According to the WHO, neurological diseases contribute to 6.3% of the global healthcare burden. Neurological disease is one of the major causes of mortality worldwide. High mortality rate and disease burden create major demand for the incorporation of long-term solutions such as magnetic brain stimulators. Furthermore, growing awareness about this neurological disease burden has increased the demand for disposable EEG electrodes as an effective therapy.

Growing geriatric population directly amplifies the incidence of neurological diseases globally. Estimates published by the WHO suggest that the global base of population pertaining to the age group of 65 years and above is expected to increase from 7.00% in 2000 to 16.00% in 2050. The geriatric population is highly susceptible to these disorders, which is expected to be a key market driver. The growing geriatric population in Asian countries, such as Japan and China, holds major untapped opportunities, which are expected to drive the market during the forecast period.


Browse through Grand View Research's Healthcare Industry Related Reports

  • Laparoscopic Electrodes Market - The global laparoscopic electrodes market size was valued at USD 233.79 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030.
  • Electrosurgical Devices Market - The global electrosurgical devices market size was valued at USD 4.46 billion in 2015. Growing demand for minimally invasive surgeries and increasing adoption of technologically advanced products are driving market growth.


Disposable EEG Electrode Industry Segmentation

Grand View Research has segmented the global disposable EEG electrode market on the basis of product, application, end-use, and region:

Disposable EEG Electrode Product Outlook (Revenue, USD Million, 2016 - 2028)

  • Needle Electrode
  • Patch Electrode
  • Cup Electrode
  • Disk Electrode
  • Others

Disposable EEG Electrode Application Outlook (Revenue, USD Million, 2016 - 2028)

  • Diagnostic
  • Therapeutic

Disposable EEG Electrode End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • Hospitals
  • Clinics
  • Others

Disposable EEG Electrode Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA (Middle East & Africa)


Market Share Insights:

  • April 2020: Brain Scientific Inc. launched an online store to sell sanitized FDA-cleared NeuroCap and NeuroEEG. This may increase the customer pool of the company.


Key Companies profiled:

Some prominent players in the global Disposable EEG Electrode Industry include

  • Medtronic PLC
  • Ambu A/S
  • CONMED Corporation
  • BIOPAC Systems Inc.
  • Brain Scientific, Inc.
  • Natus Medical Incorporated


Order a free sample PDF of the Disposable EEG Electrode Market Intelligence Study, published by Grand View Research.


About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Drug Addiction - Pipeline Review, H1 2017 Market Overview and trends research report

Radiant insights, inc latest Pharmaceutical and Healthcare disease pipeline guide Drug Addiction - Pipeline Review, H1 2017, provides an overview of the Drug Addiction (Central Nervous System) pipeline landscape. Drug addiction, also called substance dependence or chemical dependency, is a disease that is characterized by a destructive pattern of drug abuse that leads to significant problems involving tolerance to or withdrawal from the substance. Drug addiction symptoms or behaviors include recurrent drug use that results in a lack of meeting important obligations at work, school, or home, inability to sleep, awake at unusual times, unusual laziness, loss of or increased in appetite, changes in eating habits, cold, sweaty palms; shaking hands., red, watery eyes; pupils larger or smaller than usual and unusual smells on breath, body or clothes. Report Highlights Radiant insights, inc Pharmaceutical and Healthcare latest pipeline guide Drug Addiction - Pipeline Review, H1 2017, p...
Read more

All Countries Dialyzer Industry 2013-2028 - Market Size, Share, Outlook, Growth, Key Players and Forecast

The global Dialyzer market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Dialyzer from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Dialyzer market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-dialyzer-market/request-sample Leading players of Dialyzer including: • Fresenius Medical Care • Baxter • Nipro • Asahi Kasei • Toray • B.Braun • Nikkiso • Medtronic • Kawasumi • Medica • Wego • Lengthen • Peony Medical • Chengdu OCI • Bain Medical Equipment Market split by Type, can be divided into: • Flat Type Dialyzer • Coil Tube Dialyzer • Ho...
Read more

Insights into the Medical Waste Disposal Category: A Comprehensive Procurement Intelligence Report

  Medical Waste Disposal Category Overview The medical waste disposal category is anticipated to grow at a CAGR of 6.0% from 2023 to 2030. Appropriate disposal of medical trash is the key challenge for healthcare providers across the globe. Rising awareness about the benefits of proper medical waste management for treatment, recycling, and disposal of medical trash has boosted the growth of the category. According to the World Health Organization Study Report 2022, countries with low income generate over 0.2 kg of medical trash per day per hospital bed, whereas countries with high income generate hazardous waste of up to 0.5 kg per hospital bed each day. Moreover, rising government initiatives and strict rules and regulations for waste management are also expected to drive the category. For instance, in December 2022, an MOU was signed between the Center for Health Environment Research and Development and Can Tho Central General Hospital under USAID’s Reducing Pollution Project. T...
Read more