EEG Electrodes Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global EEG Electrodes Market is segmented By Type (Reusable Electrodes, Disposable Electrodes) By Electrode Placement (Surface Electrodes, Needle Electrodes) By Electrode Material (Sintered Silver|Silver-Chloride, Silver|Silver-Chloride, Silver, Gold, Tin, Others) By End-User (Hospitals, Clinics, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global EEG electrodes market reached US$ 794.54 million in 2023 and is expected to reach US$ 1,115.18 million by 2031, growing at a CAGR of 4.45% during the forecast period 2024-2031.

EEG electrodes are tiny sensors that are used to record brain electrical activity by being affixed to the scalp. Electroencephalography (EEG) is a method that uses these electrodes. These are connected with wires to an instrument that amplifies the brain waves and records them on computer equipment. The electrodes detect tiny electrical charges resulting from the brain cells' activity. 

The electrodes detect the electrical impulses that brain cells use to communicate with one another. These impulses are recorded through the electrodes by a computer system, where they appear as a series of wavy lines, allowing scientists to read a snapshot of the brain activity.

Market Scope

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Market Dynamics: Drivers & Restraints

Rising burden of neurological disorders

Increasing prevalence of neurological diseases is expected to drive the market growth. The electroencephalogram (EEG) is a medical test used to measure the electrical activity of the brain. A number of electrodes are applied to the scalp. Increasing neurological disorders will increase the demand for EEG electrodes. 

Epilepsy is a chronic noncommunicable disease of the brain that affects people of all ages. For instance, according to the World Health Organization, it is estimated that around 50 million people worldwide have epilepsy, making it one of the most common neurological diseases globally. Nearly 80% of people with epilepsy live in low- and middle-income countries. 

Also, about 30,000 people in the United States suffer a brain aneurysm rupture each year. Brain aneurysms are mostly seen in people between the ages of 35 to 60. Thus, the increasing burden of neurological disorders increases the demand for EEG electrodes.

High cost of the EEG electrodes 

High cost of the EEG electrodes can hamper the market growth. Due to the high cost of the EEG electrodes, there will be limited access to healthcare professionals. This can restrict research efforts in institutions with tight budgets and limit EEG use in personal wellness or brain-computer interface (BCI) applications due to a high barrier to entry.

Segment Analysis

The global EEG electrodes market is segmented based on type, electrode placement, electrode material, end-user and region.

Disposable EEG electrodes segment is expected to dominate the market growth

Disposable EEG electrodes segment is expected to hold the major share in the market. This is because of their benefits over the other type. Disposables reduce the risk of hospital-acquired infections (HAIs) by being used only once before being thrown away. This is a major concern, especially with the rise of antibiotic-resistant bacteria. Disposables eliminate the need for cleaning, sterilizing, and maintaining reusable electrodes. Healthcare workers may now concentrate on patient care because this saves them time. 

Disposable electrodes were further favored due to the COVID-19 pandemic's enhanced emphasis on sanitation. To produce high-quality signal recordings in comparison with reusable alternatives, several disposable electrodes are made with optimized materials and combinations. In the course of EEG procedures, this guarantees accurate data capture. Patients can feel more comfortable during EEG testing with disposable electrodes since they are comprised of softer, more flexible materials. Thus, the above factors are expected to drive the segment growth.

Geographical Analysis

North America is expected to hold a significant position in the EEG Electrodes market share

North America is expected to hold the dominant position in the market share. This is due to the well-established healthcare infrastructure, the presence of strong market players and the burden of neurological disorders is expected to hold the region in the dominant position. The market players are introducing several products in order to meet the needs of the hospitals and the major players are extending their product portfolios which are driving the market growth in the region. 

For instance, on May 02, 2023, NeuroOne Medical Technologies Corporation commercially launched the Evo sEEG electrode product line in the United States. Also, the rising mergers and agreements among the major companies and the rising awareness of neurological disorders are expected to hold the region in the dominant position.

COVID-19 Impact Analysis

COVID-19 has a positive impact on the market growth. The market was stimulated by the increased need for blood gas monitoring equipment in clinics and hospitals. Point-of-care blood gas monitors have grown in value because of their portability and speedy results delivery, which help COVID-19 patients make timely treatment decisions. However, lockdowns and travel restrictions caused delays in the production and delivery of medical supplies, notably blood gas monitors, which resulted in a shortage of equipment in some areas. Thus, the pandemic has a moderate impact on the market. 

Competitive Landscape

The major global players in the market include Koninklijke Philips N.V., Ambu A/S, PMT Corporation, NeuroWave Systems Inc., BrainMaster Technologies Inc., RhythmLink International LLC., BIOPAC Systems Inc., LM Health Care, Besdata Technology Co. Ltd, Pray-Med Technology Co., Ltd among others.

Why Purchase the Report?

• To visualize the global EEG electrodes market segmentation based on Type, electrode placement, electrode material, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of EEG electrodes market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global EEG electrodes market report would provide approximately 53 tables, 47 figures and 176 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies