Eeg Electrodes Market 2024-2028: Size and High cost of EEG devices and procedures; growth driven by the Product, Some of key Companies Positioned Strategically
The eeg electrodes market size by Product (Disposable EEG electrodes and Reusable EEG electrodes), End-user (Hospitals, Clinics, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW)), is forecast to increase by USD 105.4 million. The market is expected to grow at a CAGR of 6.78% between 2024 and 2028.
- The expense of EEG devices is a significant barrier for potential users due to their high cost, which varies based on the number of channels. EEG headsets with 1-32 channels range from USD1,000 to USD25,000, while those with over 64 channels can cost above USD25,000. Recurring expenses include maintenance fees, instrument and accessory costs, data storage, technical maintenance, and the hiring of medical professionals and experts. Advanced technologies, such as brain-computer interfaces (BCI), carry additional installation fees for hospitals and diagnostic laboratories.
- The EEG electrodes market represents a significant business opportunity due to the increasing prevalence of neurological disorders and the growing demand for non-invasive diagnostic tools. These electrodes are essential components in Electroencephalography (EEG) systems, which provide valuable insights into brain activity. Market growth is driven by advancements in technology leading to improved accuracy and patient comfort, as well as expanding applications in research and clinical settings.
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Some of the Key Companies:
- Ambu AS
- BIOPAC Systems Inc.
- Cadwell Industries Inc.
- Compumedics Ltd.
- Conmed Corp.
- Dixi Medical
- Johnson and Johnson Services Inc.
- Koninklijke Philips N.V.
- Medical Computer Systems Ltd.
- Medtronic Plc
- Natus Medical Inc.
- Neuroelectrics Barcelona SLU
- NeuroWave Systems Inc.
- Nihon Kohden Corp.
- PMT Corp.
- Rhythmlink International LLC
- SOMNOmedics GmbH
- SPES MEDICA SRL
- Technomed
- Wuhan Greentek Pty. Ltd.
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