Neurophysiology Needles and Electrodes Market Size & Shares, Strategies and Forecast Worldwide, 2017 - 2025

" Neurophysiology Needles and Electrodes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" is the latest addition to MarketResearchReports.Biz industry research reports collection.

The main objective of this report is to define, describe, and forecast the global “Neurophysiology Needles and Electrodes” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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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.

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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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