Global Neurophysiology Needles and Electrodes Market 2016-2020

Outlook of the global neurophysiology needles and electrodes market

Technavio’s market research analyst predicts that the neurophysiology needles and electrodes market will grow at a modest CAGR of close to 4% by 2020. The rising preference for disposable electrodes is a major factor that is expected to drive the demand for needles and electrodes over the next few years. Many physicians are now switching over to disposable electrodes to help patients avoid hospital-acquired infections, which are caused due to cross-contamination. Since disposable electrodes lower the risk of allergic reactions caused by chemicals and skin preparation methods, their demand among the end users will increase significantly over the next few years. This increase in the preference for disposable electrodes will foster the prospects for growth in this market until 2020.

According to Technavio’s analysts, a major trend that will spur growth in this market is the development of dry electrodes. At present, it has been observed that most diagnostic devices that are used to diagnose neurological issues utilize wet gel electrodes. However, 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. 

Product segmentation and analysis of the neurophysiology needles and electrodes market

• Needle electrodes
• Surface electrodes

During 2015, the needle electrodes segment accounted 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.

Geographical segmentation of the neurophysiology needles and electrodes market 

• Americas
• APAC
• EMEA

During the forecast period, the Americas is estimated to be the largest market for neurophysiology needles and electrodes owing to the high incidence of brain disorders like Alzheimer's disease in the US. In this region, organizations like the National Institutes of Health (NIH) have funded many studies to help in the development of newer technologies, which will help in the diagnosis and treatment of disorders like epilepsy, Parkinson’s, and ALS.

Competitive landscape and key vendors

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.

Key vendors in the market are -

• Ambu A/S
• Natus Medical
• Rhythmlink

Other prominent vendors in this market include Acertys Healthcare, Biomed Products, Bionen Medical Devices, Blacrock Microsystems, Cognionics, Dymedix Diagnostics, g.tec medical engineering, HydroDot, Jari Electrode Supply, NR Sign, Optima Medical, R&D Medical Electrodes, Technomed Europe, and Unimed Electrode Supplies.

Key questions answered in the report include

• What will the neurophysiology needles and electrodes market size and the growth rate be in 2020?
• What are the key factors driving the global neurophysiology needles and electrodes market?
• What are the key neurophysiology needles and electrodes market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global neurophysiology needles and electrodes market?
• What are the market opportunities and threats faced by the vendors in the global neurophysiology needles and electrodes market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global neurophysiology needles and electrodes market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Neurology Diagnostic and Monitoring Devices Market in the US 2016-2020
• Intraoperative Neuromonitoring Market in the US 2020-2024