Global EEG Electrodes Market - Introduction

Electroencephalography (EEG) electrode is a medical device used to record the electrical activity of the brain. EEG electrode gained traction as a method to record neurophysiological reaction in the second decade of the 20th century. There has been slight variation in the physical principles that support the signal acquisition probes, also called EEG electrodes. New technological developments have brought new surprising areas of applications apart from clinical ones, where fresh elements such as gel-free operation and usability are top priorities.

Global EEG Electrodes Market - Competitive Landscape

Medtronic

Founded in 1949, Medtronic is a diversified medical devices company, engaged in the manufacture of a range of medical devices and technologies. The company develops and markets products and therapies in the area of cardiac rhythm disorders, cardiovascular diseases, minimally invasive surgical products, neurological disorders, spinal conditions, and diabetes. It operates through four business divisions: cardiac & vascular group, minimally invasive therapies group, restorative therapies group, and diabetes group.

Stuck in a Neck-to-Neck Competition with Other Brands? Request a Custom Report on “EEG Electrodes Market” here

CONMED Corporation

Incorporated in 1970, CONMED Corporation is a global medical technology company that develops, manufactures, and markets surgical and patient-monitoring devices for minimally invasive procedures. The company’s products and technologies are extensively used in medical specialties such as orthopedics, laparoscopy, robotic & open surgery, gastroenterology & pulmonology, cardiology, and critical care. CONMED Corporation operates through three business segments: orthopedic surgery, general surgery, and surgical visualization. It operates the non-vascular stents business under the general surgery business segment.

Key players operating in the global EEG electrodes market include 3M, Medtronic, GE Healthcare, Johnson & Johnson, GSI Technologies, Olympus Corporation, CONMED Corporation, Eschmann Equipment, Graphic Controls, Tianrun Medical, B. Braun, and Stryker.

Global EEG Electrodes Market - Dynamics

Increase in demand for EEG electrodes

Physicians highly rely on EEG video and EEG procedures to diagnose psychogenic non-epileptic seizures (PNES) and paroxysmal events and neonatal seizures, respectively. They also monitor the cognitive health and sleep quality of the patients using EEG electrodes. Increase in demand for EEG procedures for the diagnosis of neurological diseases and other chronic diseases is projected to boost the growth of the global EEG electrodes market during the forecast period.

Need an Overview of the Report on EEG Electrodes Market? Ask for the Brochure here

Rise in demand for dry electrodes

Dry electrodes are gaining traction because in wet AgCl electrodes these do not require electrolyte gels. This helps in preventing skin dermatitis and skin irritation and reducing the setup time. Hence, demand for dry electrodes is anticipated to increase during the forecast period and have a beneficial effect on the general development of the industry.

Global EEG Electrodes Market - Segmentation

The global EEG electrodes market can be segmented based on:

  • Product Type
  • Application
  • End-user

Global EEG Electrodes Market, by Product Type

In terms of product type, the global EEG electrodes market can be divided into:

  • Needle Electrodes
  • Patch Electrodes
  • Others

Global EEG Electrodes Market, by Application

Based on application, the global EEG electrodes market can be classified into:

  • Diagnostic Electrodes
  • Therapeutic Electrodes
  • Other Electrodes

Global EEG Electrodes Market, by End-user

In terms of end-user, the global EEG electrodes market can be segregated into:

  • Hospitals
  • Academic & Research Institutes
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Eeg Electrodes Market

Pre Book