Eeg Disposable Medical Electrodes Market: Factory Price and Marginal Revenue Analysis by 2030

The global 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 small metal discs attached to the surface of skin to detect electrical signals generated by the brain. The electrodes are in direct contact with the scalp and helps in capturing and transmitting EEG signals to the recording equipment to help neurologists diagnose neurological conditions like epilepsy, seizures, head injuries, dementia etc.

Market key trends:

One of the key trends in the EEG disposable medical electrodes market is the development of advanced electrodes. Manufacturers are developing electrodes with advanced hydrogel material that improves signal quality and enhances patient comfort. For instance, 3M's EEG electrode "Gold cup electrode with Quatro conductive adhesive technology" features extended shelf life, accurate signal capture and easy application and removal properties. The advanced hydrogel material adheres smoothly to the scalp without impeding scalp movement or causing discomfort during prolonged EEG recordings. Such innovative product development is expected to drive the market growth during the forecast period.

Segment Analysis

The global EEG Disposable Medical Electrodes market is segmented into surface types and applications. Based on surface types, the market is classified into dry electrodes, wet electrodes and needle electrodes. The wet electrodes sub-segment dominated the market in 2023 owing to their ability to provide better signal quality and lower contact impedance compared to dry electrodes.

Key Takeaways

Market size

The global EEG Disposable Medical Electrodes market is expected to witness high growth, exhibiting a CAGR of 4.4% over the forecast period, due to increasing demand for efficient and durable medical electrodes.

Regional analysis

Regional analysis shows that North America dominated the global market in 2023, accounting for the largest revenue share. This is attributed to the rising geriatric population and increasing incidence of neurological disorders in the region. Asia Pacific is expected to be the fastest-growing region over the forecast period owing to improving healthcare infrastructure and increasing medical tourism in countries like China, India and Japan.

Key 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. Medtronic and 3M dominate the global market due to their robust product portfolio and global distribution network.