EEG Electrodes Market Size to grow by USD 35.11 million | Increasing Prevalence of Neurological Disorders will Drive Growth

Vendor Insights 

The EEG electrodes market is fragmented and the vendors are deploying growth strategies such as innovation, quality, performance, and support services to compete in the market. Companies in the market are launching innovative products to provide cutting-edge competition to the market players.  For instance, Ambu AS offers Ambu Neuroline Cup electrode that is specially designed for clinical EEG, EP, and PSG examinations.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Ambu AS
  • Dixi Medical
  • Koninklijke Philips NV
  • Medical Computer Systems Ltd.
  • Neuroelectrics Barcelona SLU
  • NeuroWave Systems Inc.
  • PMT Corp.
  • SOMNOmedics GmbH
  • SPES MEDICA SRL
  • Technomed

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

North America held the largest EEG Electrodes market share in 2021. The region will continue to 39% of the market growth during the forecast period. The regional growth can be attributed to the increasing incidence of neurological diseases. The US is the key market for EEG electrodes market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The rapid growth of the EEG electrodes market in North America is attributed to the growing number of EEG procedures being performed, rising healthcare expenditure on the treatment of neurological diseases, and the rising older population. In addition, several governments and non-profit organizations are creating awareness regarding the early diagnosis of neurological diseases in the region.  Such initiatives from government organizations, coupled with new product launches and the increasing prevalence of neurological conditions in the region, are expected to drive the growth of the EEG electrodes market in North America during the forecast period.

Furthermore, countries such as Germany, China, Japan, and France are expected to emerge as prominent markets for EEG electrode market’s growth during the forecast period. 

Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/EEG-electrodes-market-industry-analysis 

Key Segment Analysis

The disposable EEG electrodes product segment accounted for the largest share of the market in 2021. Many end-users are increasingly preferring disposable EEG electrodes over reusable EEG electrodes due to their advantages. The increase in the demand for disposable EEG electrodes is primarily attributed to preventing infections. The growth of this segment will continue to rise during the forecast period as they are not only economic but also efficient as these electrodes allow users to save considerable time, money, and effort compared to reusable EEG electrodes. Furthermore, end-users do not have to bear additional labor costs on cleaning the electrodes. These advantages of disposable EEG electrodes over reusable EEG electrodes will drive the market’s growth during the forecast period.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Driver, Trend & Challenge: 

The increasing prevalence of neurological disorders is one of the key drivers supporting the EEG electrodes market growth. The growing prevalence of such neurological conditions is increasing the demand for brain monitoring devices such as EEG electrodes, which are widely used in the diagnosis of such conditions. In addition, the rising popularity of hybrid brain-computer interface techniques is another factor supporting the EEG electrodes market growth. EEG is widely utilized with other brain or non-brain signal acquisition modalities, as it is easy to use and provides fast temporal resolution. Robust dry EEG electrodes are vital to making EEG BCIs a practical technology. Thus, the increasing demand for HBCI is expected to drive the market growth of EEG electrodes during the forecast period.

However, the high cost of EEG devices and procedures is one of the factors hindering the EEG electrodes market growth. EEG devices with advanced features and capabilities are expensive, which could affect their adoption, especially in low and middle-income countries. Patients without insurance find it difficult to afford neurodiagnostic tests. Hence, the high cost of EEG devices and procedures is deterring the adoption of EEG electrodes to a certain extent.

Download free sample for highlights on market Drivers & Challenges affecting the EEG Electrodes Market. 

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Electroencephalography Devices Market by Product and Geography – Forecast and Analysis 2021-2025

EEG Electrodes Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.19%

Market growth 2022-2026

$ 35.11 million

Market structure

Fragmented

YoY growth (%)

4.60

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 39%

Key consumer countries

US, Germany, China, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ambu AS, Dixi Medical, Koninklijke Philips NV, Medical Computer Systems Ltd., Neuroelectrics Barcelona SLU, NeuroWave Systems Inc., PMT Corp., SOMNOmedics GmbH, SPES MEDICA SRL, and Technomed

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Key Finding 1

                                Exhibit 02:  Key Finding 2

                                Exhibit 03:  Key Finding 3

                                Exhibit 04:  Key Finding 5

                                Exhibit 05:  Key Finding 6

                                Exhibit 06:  Key Finding 7

                                Exhibit 07:  Key Finding 8

2. Market Landscape                             

                2.1 Market ecosystem             

                                2.1.1    Parent market

                                Exhibit 08:   Parent market

                                Exhibit 09:  Market Characteristics

                2.2 Value chain analysis           

                                Exhibit 10:  Value chain analysis: Healthcare Equipment

                                2.2.1    Research and development

                                2.2.2    Inputs

                                2.2.3    Operations

                                2.2.4    Distribution

                                2.2.5    Marketing and sales

                                2.2.6    Post-sales and services

                                2.2.7    Industry innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:   Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:   Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 – 2026 

                                3.4.1    Estimating growth rates for emerging and high-growth markets

                                3.4.2    Estimating growth rates for mature markets

                                Exhibit 13:   Global – Market size and forecast 2021 – 2026 ($ million)

                                Exhibit 14:  Global market: Year-over-year growth 2021 – 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 15: Five forces analysis 2021 & 2026

                4.2 Bargaining power of buyers           

                                Exhibit 16: Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 17: Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 18: Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 19: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 20: Threat of rivalry

                4.7 Market condition

                                Exhibit 21:  Market condition – Five forces 2021

5. Market Segmentation by Product               

                5.1 Market segments

                                The segments covered in this chapter are:

  • Disposable EEG electrodes
  • Reusable EEG electrodes

                                Exhibit 22:  Product – Market share 2021-2026 (%)

                5.2     Comparison by Product

                                Exhibit 23:  Comparison by Product

                5.3     Disposable EEG electrodes – Market size and forecast 2021-2026

                                Exhibit 24:  Disposable EEG electrodes – Market size and forecast 2021-2026 ($ million)

                                Exhibit 25:  Disposable EEG electrodes – Year-over-year growth 2021-2026 (%)

                5.4     Reusable EEG electrodes – Market size and forecast 2021-2026    

                                Exhibit 26:  Reusable EEG electrodes – Market size and forecast 2021-2026 ($ million)

                                Exhibit 27:  Reusable EEG electrodes – Year-over-year growth 2021-2026 (%)

                5.5     Market opportunity by Product 

                                Exhibit 28:  Market opportunity by Product

6. Customer landscape                         

                6.1     Overview           

                                Exhibit 29:  Customer landscape

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                The regions covered in the report are:

  • North America
  • Europe
  • Asia
  • ROW

                                Exhibit 30:  Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 31:  Geographic comparison

                7.3     North America – Market size and forecast 2021-2026        

                                Exhibit 32:  North America – Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  North America – Year-over-year growth 2021-2026 (%)

                7.4     Europe – Market size and forecast 2021-2026       

                                Exhibit 34:  Europe – Market size and forecast 2021-2026 ($ million)

                                Exhibit 35:  Europe – Year-over-year growth 2021-2026 (%)

                7.5     Asia – Market size and forecast 2021-2026             

                                Exhibit 36:   Asia – Market size and forecast 2021-2026 ($ million)

                                Exhibit 37:  Asia – Year-over-year growth 2021-2026 (%)

                7.6     ROW – Market size and forecast 2021-2026           

                                Exhibit 38:   ROW – Market size and forecast 2021-2026 ($ million)

                                Exhibit 39:  ROW – Year-over-year growth 2021-2026 (%)

                7.7     Key leading countries    

                                Exhibit 40:  Key leading countries

                7.8     Market opportunity by geography          

                                Exhibit 41:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1    Increasing prevalence of neurological disorders

                                8.1.2    Rising demand for EEG procedures

                                8.1.3    Increasing initiatives and support from governments and healthcare organizations

                8.2 Market challenges              

                                8.2.1    High cost of EEG devices and procedures

                                8.2.2    Shortage of skilled professionals

                                8.2.3    Intense competition among vendors leading to pricing pressures

                                8.2.4    Limitations of EEG

                                Exhibit 42:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1    Rising popularity of hybrid brain-computer interface techniques

                                8.3.2    Focus of vendors on market penetration in emerging countries

                                8.3.3    Rising demand for dry electrodes

                                8.3.4    Increasing application of health informatics and monitoring solutions

9. Vendor Landscape                             

                9.1     Overview           

                                Exhibit 43:  Vendor landscape

                9.2     Landscape disruption    

                                Exhibit 44:  Landscape disruption

                                Exhibit 45:  Industry risks

                9.3     Competitive landscape 

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 46:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 47:  Market positioning of vendors

                10.3  Ambu AS             

                                Exhibit 48:  Ambu AS – Overview

                                Exhibit 49:  Ambu AS – Business segments

                                Exhibit 50:  Ambu AS – Key offerings

                                Exhibit 51:  Ambu AS – Segment focus

                10.4  Dixi Medical       

                                Exhibit 52:  Dixi Medical – Overview

                                Exhibit 53:  Dixi Medical – Product and service

                                Exhibit 54:  Dixi Medical – Key offerings

                10.5  Koninklijke Philips NV    

                                Exhibit 55:  Koninklijke Philips NV – Overview

                                Exhibit 56:  Koninklijke Philips NV – Business segments

                                Exhibit 57:  Koninklijke Philips NV – Key offerings

                                Exhibit 58:  Koninklijke Philips NV – Segment focus

                10.6  Medical Computer Systems Ltd.                

                                Exhibit 59:  Medical Computer Systems Ltd.  – Overview

                                Exhibit 60:  Medical Computer Systems Ltd.  – Product and service

                                Exhibit 61:  Medical Computer Systems Ltd.  – Key offerings

                10.7  Neuroelectrics Barcelona SLU    

                                Exhibit 62:  Neuroelectrics Barcelona SLU – Overview

                                Exhibit 63:  Neuroelectrics Barcelona SLU – Product and service

                                Exhibit 64:  Neuroelectrics Barcelona SLU – Key offerings

                10.8  NeuroWave Systems Inc.             

                                Exhibit 65:  NeuroWave Systems Inc. – Overview

                                Exhibit 66:  NeuroWave Systems Inc. – Product and service

                                Exhibit 67:  NeuroWave Systems Inc. – Key offerings

                10.9     PMT Corp.

                                Exhibit 68:  PMT Corp. – Overview

                                Exhibit 69:  PMT Corp. – Product and service

                                Exhibit 70:  PMT Corp. – Key offerings

                10.10                SOMNOmedics GmbH   

                                Exhibit 71:  SOMNOmedics GmbH  – Overview

                                Exhibit 72:  SOMNOmedics GmbH  – Product and service

                                Exhibit 73:  SOMNOmedics GmbH  – Key offerings

                10.11                SPES MEDICA SRL            

                                Exhibit 74:  SPES MEDICA SRL  – Overview

                                Exhibit 75:  SPES MEDICA SRL  – Product and service

                                Exhibit 76:  SPES MEDICA SRL  – Key offerings

                10.12                Technomed       

                                Exhibit 77:  Technomed  – Overview

                                Exhibit 78:  Technomed  – Product and service

                                Exhibit 79:  Technomed  – Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objective

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 80:  Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 81:  Research Methodology

                                Exhibit 82:  Validation techniques employed for market sizing

                                Exhibit 83:  Information sources

                11.4 List of abbreviations        

                                Exhibit 84:  List of abbreviations

About Us: 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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