Neurophysiology needles and electrodes are the devices used for
converting ionic energy to electric current in the body and magnify
the electric current for the identification and treatment of
diseases. These needles and electrodes also help record the brain and
nerve activity during EEG and EMG. These processes help identify
neurological diseases such as epilepsy, lateral sclerosis,
amyotrophic and multiple sclerosis.
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Global neurophysiology needles and electrodes markets can be
segmented on the basis of product type, by application and by
geography. By product type, it can be categorized into needle
electrodes, surface electrodes, and cup electrodes. The needle
electrodes segment market contributed around 58% of the total market
share in 2015. Application of needle electrodes is quite diverse but
significant as they are very effective in delivering impulse and need
to be inserted close to nerves and under the skin. Recent funding has
helped vendors to develop newer and better products, which are highly
effective for treating a multitude of neurological disorders. By
applications, it can be fragmented into EEG, EMG, TENS and others.
The main factor that is expected to drive the needles electrodes
market in the coming future is the rise in preference for disposable
electrodes. For the sake of the safety of the patients in order to
circumvent hospital-acquired infections, which are caused due to
cross-contamination, physicians and doctors are switching to the
disposable electrodes. Disposable electrodes lower the risk of
hypersensitive reactions caused by chemicals and by skin preparation
methods. This has surged the demand for disposable electrode among
the end-user and it is anticipated to grow significantly over the
next few years. This increase in the preference for disposable
electrodes will foster the prospects for growth in this market until
2025.
A foremost trend that will outgrow in this market is the development
of dry electrodes. Currently, many diagnostic devices that are used
to diagnose neurological issues utilize traditional wet gel
electrodes. However, to overcome issues like degraded signals, drying
gel, and skin irritation, vendors have started developing dry
electrodes. Dry electrodes are made of elastic polymer and other
materials that can monitoring and record EMG and EEG signals more
accurately than wet gel electrodes. For instance, a company named
Cognionics has developed a dry electrode system that offers better
results than the conventional electrodes. Thus, it is estimated that
the ability of these systems to offer better results than the wet gel
electrodes, leads to the increased adoption of this product over the
next few years.
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Geographically, the global neurophysiology needles and electrodes
market is divided into five regions - North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa. During the
forecast period, the North America is projected to dominate the
market of neurophysiology needles and electrodes due to the high
incidence of brain disorders like Alzheimer's disease in the U.S. 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 disease, and ALS. Thus, the
demand for neurophysiology needles and electrodes is increasing in
the region due to the rising government initiatives and favorable
laws. Europe is considered as the second largest market. However, the
Asia Pacific market tends to grow at the highest CAGR due to factors
like governmental initiatives, increased awareness, rising focus of
the major players towards Asia Pacific countries in order to expand
their production unit. Emerging markets with rapidly growing
economies offer great opportunities for this market because of
changing lifestyle coupled with increasing awareness among people.
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
players involved in the market are Ambu, Blackrock Microsystems,
Cognionics, Rhythmlink, Unimed Electrode Supplies. Other prominent
vendors in the market include Acertys Healthcare, Biomed Products,
Bionen Medical Devices, G.Tec Medical Engineering, Dymedix
Diagnostics, HydroDot, Jari Electrode Supply, Optima Medical, NR
Sign, and R&D Medical Electrodes.
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