About Neurophysiology Needles and Electrodes
Neurophysiology needles and electrodes help convert ionic energy to electric current in the body and amplify the electric current for the diagnosis and treatment of diseases. These needles and electrodes also help record the brain and nerve activity during EEG and EMG. These procedures help diagnose neurological diseases such as epilepsy, amyotrophic lateral sclerosis, and multiple sclerosis.
Technavio’s analysts forecast the global neurophysiology needles and electrodes market to grow at a CAGR of 3.61% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global neurophysiology needles and electrodes market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of neurophysiology needles and electrodes used for diagnostic and therapeutic services.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Neurophysiology Needles and Electrodes Market 2016-2020
Technavio recognizes the following companies as the key players in the global neurophysiology needles and electrodes market: Ambu, Blackrock Microsystems, Cognionics, Graphics Control, Natus Medical, Rhythmlink, and Unimed Electrode Supplies.
Other Prominent Vendors in the market are: Acertys Healthcare, Biomed Products, Bionen Medical Devices, Dymedix Diagnostics, G.Tec Medical Engineering, HydroDot, Jari Electrode Supply, NR Sign, Optima Medical, R&D Medical Electrodes, Technomed Europe, and Unimed Electrode Supplies.
Commenting on the report, an analyst from Technavio’s team said: “Increase in R&D will be a key trend for market growth. Vendors are investing in the R&D of advanced technologies to develop different types of neurophysiology electrodes such as disposable, gel, and dry electrodes. Research institutes are also conducting studies to develop and validate these advanced technologies-based neurophysiology electrodes for EMG and ECG. These electrodes have better design and configuration than those available on the market, offer improved patient comfort, and reduce interference levels during patient monitoring.”
According to the report, preference for disposable electrodes will be a key driver for market growth. Physicians are opting for disposable electrodes over traditional reusable electrodes. Reusable electrodes present risks of cross-contamination, resulting in hospital-acquired infections or nosocomial infections. The CDC estimated that about 4% of the population or 1.7 million individuals in the US have these infections every year, of which about 99,000 individuals die.
Further, the report states that stringent regulatory framework will be a major challenge for the market. Strict product approval processes and safety regulations make it difficult for manufacturers to launch new products in the market. Regulatory bodies have imposed a stringent labeling requirement and regulatory framework for neurophysiology needles and electrodes that are used for neurological diagnostic and monitoring procedures such as EEG and EMG. Some of these are considered high-risk devices and need to undergo safety examination to demonstrate medical efficacy before being approved by regulatory agencies. Neurophysiology needles and electrodes are classified as critical devices worldwide based on their use in people for diagnosis. They need to undergo complex regulatory screening to prove their safety and efficacy.
Ambu, Blackrock Microsystems, Cognionics, Graphics Control, Natus Medical, Rhythmlink, Unimed Electrode Supplies, Acertys Healthcare, Biomed Products, Bionen Medical Devices, Dymedix Diagnostics, G.Tec Medical Engineering, HydroDot, Jari Electrode Supply, NR Sign, Optima Medical, R&D Medical Electrodes, Technomed Europe, Unimed Electrode Supplies.