Disposable EEG Electrode Market Size Worth $921.3 Million By 2028: Grand View Research, Inc.

SAN FRANCISCO, June 9, 2021 /PRNewswire/ -- The global disposable EEG electrode market size is expected to reach USD 921.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increasing cases of HAIs, technological advancements, and rising prevalence of neurological disorders and Acute Ischemic Stroke (AIS) are the key driving factors for the market.

Key suggestions from the report:

• In terms of revenue, the disposable needle electrode segment held the largest revenue share in 2020. The rising cases of hospital acquired infections across the globe is the major factor propelling segment growth
• The diagnostic segment held the largest revenue share in 2020 and is expected to witness a considerable growth rate over the forecast period due to the increasing prevalence of neurological disorders
• The hospitals segment held the largest revenue share in 2020. The segment growth is majorly driven by the increasing number of hospitals
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of chronic wounds in people living in the region

Read 90 page research report with TOC on "Disposable EEG Electrode Market Size, Share & Trends Analysis Report By Product, By Application (Diagnostic, Therapeutic), By End-use (Hospitals, Clinics), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/disposable-eeg-electrode-market

Stroke is the most common cause of death, followed by heart and cancer diseases worldwide. For instance, according to the WHO, in 2016, 15.2 million deaths of the 56.9 million deaths worldwide were due to stroke. Acute Ischemic Stroke (AIS) is the most common form of stroke, caused due to reduced blood supply to the brain, making brain cells die. For instance, according to U.S. CDC, 87.0% of strokes are classified as ischemic strokes, with the U.S. being the most commonly affected country. According to Southwestern Medical Center, about 795,000 people in the U.S. suffer from a stroke every year. Furthermore, according to National Center for Biotechnology Information (NCBI), strokes occur more commonly in women than men, especially in the elderly population (aged 55 to 65).

Moreover, according to the U.K. Stroke Association, more than 100,000 strokes occur in the U.K. every year. In every 2 seconds, someone in the world is likely to have a stroke. Stroke is the fourth biggest killer in the U.K., fourth in England and wales, and third in Scotland and Northern Ireland. Around 1 in 10 patients who have a hemorrhage stroke die before reaching a hospital. In addition, according to the U.K. Stroke Association, nearly 85.0% of all strokes are AIS and 15.0% are hemorrhage stroke. Disposable EEG electrodes can be used for the early-stage detection of the stroke. Thus, the increasing prevalence of AIS is expected to drive the market over the forecast period.

Grand View Research has segmented the global disposable EEG electrode market on the basis of product, application, end-use, and region:

• Disposable EEG Electrode Product Outlook (Revenue, USD Million, 2016 - 2028)
• Needle Electrode
• Patch Electrode
• Cup Electrode
• Disk Electrode
• Others
• Disposable EEG Electrode Application Outlook (Revenue, USD Million, 2016 - 2028)
• Diagnostic
• Therapeutic
• Disposable EEG Electrode End-use Outlook (Revenue, USD Million, 2016 - 2028)
• Hospitals
• Clinics
• Others
• Disposable EEG Electrode Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

List of Key Players of Disposable EEG Electrode Market

• Medtronic PLC
• Ambu A/S
• CONMED Corporation
• BIOPAC Systems Inc.
• Brain Scientific, Inc.
• Natus Medical Incorporated

Find more research reports on Medical Devices Industry, by Grand View Research:

• Hospital Acquired Infections Diagnostics Market–The global Hospital Acquired Infection (HAI) diagnostic market size was estimated to be USD 3.6 billion in 2015. HAIs have been of increasing concern in healthcare facilities across the globe.
• Brain Mapping Instruments Market–The global brain mapping instruments market size was valued at USD 1.49 billion in 2018 and is anticipated to grow at a CAGR of 5.8%. Rising adoption of new technologies, increasing health concerns, and increasing prevalence of neurological diseases are driving the market growth.
• Neurodiagnostics Market–Increasing prevalence of neurological disorders, such as stroke, Alzheimer's disease, Parkinson's disease, multiple sclerosis, and epilepsy across the globe is a primary factor driving the growth of specific and precise diagnostic procedures.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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