This market research report presents a detailed analysis of the global neurophysiology needles and electrodes market by application (EEG, EMG, TENS, and others), by product type (needle electrodes and surface electrodes), and by geography (the Americas, APAC, and EMEA). Leading vendors in this market are Ambu A/S, Natus Medical, and Rhythmlink
Technavio’s market research analysts estimate the global neurophysiology needles and electrodes market to grow at a CAGR of around 4% between 2016 and 2020. Rise in the incidence of neurological diseases such as epilepsy, dementia, multiple sclerosis, and amyotrophic lateral sclerosis worldwide, has accelerated the demand for neurophysiology needles and electrodes. These needles and electrodes help diagnose neurological diseases such as epilepsy, amyotrophic lateral sclerosis, and multiple sclerosis. The Americas is the largest market for neurophysiology needles and electrodes owing to the high incidence of brain disorders like Alzheimer’s disease in the US.
The new market research report from Technavio provides a breakdown and analysis of the neurophysiology needles and electrodes segments by technology.
“One of the latest trends upcoming in this market is the development of dry electrodes. To counter issues like drying gel, degraded signals, and skin irritation, vendors have started developing dry electrodes. Dry electrodes are made of flexible polymer and other materials, which do the job of monitoring and recording EMG and EEG signals more accurately than wet gel electrodes. For instance, Cognionics has developed a dry electrode system that offers better results than the conventional electrodes. Consequently, it can be estimated that the ability of these systems to offer better results than the wet gel electrodes will lead to its increased adoption over the next four years,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research
Needle electrodes segment accounts for close to 60% of the total market share. Since needle electrodes have to be inserted close to nerves and under the skin, they are very effective in delivering impulses. Recent fundings have helped vendors to develop newer and better products, which are highly effective for treating a multitude of neurological disorders.
Global neurophysiology needles and electrodes market segmentation by product type
Source: Technavio, 2016
The leading vendors in the global neurophysiology needles and electrodes market include Ambu A/S, Natus Medical, and Rhythmlink. This market is highly consolidated and is characterized by the presence of a few key vendors. With newer vendors of small and medium-size entering the market, the major vendors are losing market shares as they are unable to offer products at low prices. To survive in this market, the vendors are implementing different strategies like the development of newer products to gain market shares.
A more detailed analysis is available in the Technavio report, Global Neurophysiology Needles and Electrodes Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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