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Medical Electrodes Market

Medical Electrodes Market Size, Share & Trends Analysis Report

Medical Electrodes Market Size, Share & Trends Analysis Report By Type (Wet, Dry, Needle), By Applications (Cardiology, Neurophysiology, Sleep Disorders, Intraoperative Monitoring), By Usability (Disposable, Reusable), By End-Users (Hospitals, Diagnostic Centers), Based On Region, And Segment Forecasts, 2022 - 2028

Published
Report ID : BMRC 429
Number of pages : 300
Published Date : Nov 2022
Category : Healthcare
Delivery Timeline : 48 hrs
Single User : $3250

Corporate User : $7999

Medical Electrodes Market was valued at USD 1271.6 Million in 2021 and is expected to reach USD 1715.8 Million by 2028 with a CAGR of 4.37% over the forecast period.

Increasing use of medical electrodes in the diagnosis of cardiological and neurophysiological disorders is one of the primary factors for the rise in growth of the medical electrodes market.

Market Analysis of Medical Electrodes:-

Medical electrodes transfer the energy of ionic currents into electrical currents in the body. Medical electrodes are non-surgical and include a metal, lead and electrode-containing plate. Patients suffering from various diseases such as neurology and cardiology-related problem requires continuous monitoring, medical electrodes are used with monitoring systems to provide a diagnosis and continuous monitoring of such patients. It is used in the field of general surgery, orthopedic surgery, cosmetic surgery, cardiovascular surgery, and so on.

Global Medical electrode Market report is segmented on the basis of type, applications, usability, end users and by regional & country level. Based upon type, global medical electrode market is segmented into wet, dry and needle. Based on applications the medical electrode market is segmented in to cardiology, neurophysiology, sleep disorders and intraoperative monitoring. Based on usability the market is segmented into disposable and reusable. Based upon end users the market is segmented into hospitals and diagnostic centers.

Global Medical Electrodes Market Segmentation:-

By Type:

  • Wet
  • Dry
  • Needle

By Applications:

  • Cardiology
  • Neurophysiology
  • Sleep Disorders
  • Intraoperative Monitoring

By Usability:

  • Disposable
  • Reusable

By End-Users:

  • Hospitals
  • Diagnostic Centers

The regions covered in this Medical electrodes Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Medical electrode is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Medical Electrodes Manufacturers

Some major key players for global Medical electrodes market are

  • General Electric Company
  • 3M
  • Medtronic Plc
  • Ambu A/S, CONMED Corporation
  • Koninklijke Philips NV
  • Natus Medical Incorporated
  • Compumedics Limited
  • Rhythmlink International LLC
  • Nihon Kohden Corporation
  • Lepu Medical Technology
  • Biotronik SE & Co.
  • KG Zoll Medical Corporation
  • Abbott Laboratories
  • Oscor Inc.
  • OSYPKA AG
  • Pacetronix Limited
  • Boston Scientific Corporation
  • others.

Medical Electrodes Market Dynamics:-

Increasing use of medical electrodes in the diagnosis of cardiological and neurophysiological disorders is one of the primary factors for the rise in growth of the medical electrodes market. According to WHO, in 2016 17.9 million people died from cardiovascular diseases (CVDs), representing 31% of all global deaths. Out of these deaths, 85% are due to heart attack and stroke. Some of the major diseases that need medical electrodes are Parkinson’s disease, Alzheimer’s disease, heart disorders, brain disorders, gout and body ache. This will lead to increased rate of hospitalization, leading to growing demand of medical electrodes. However, issues related to biocompatibility with medical electrodes are one of the primary factors restraining the growth of this market.  Medical electrodes are also becoming important majorly in the treatment of neurological syndromes such as Alzheimer’s and Parkinson’s, ensuring stable growth opportunities for the global market.

The global Medical electrode market is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). North America dominates medical electrode market due to factors such as high occurrence of neurological and cardiovascular disorder and increasing awareness about the benefits of early diagnosis. According to American Heart Association, approximately 84 million people in this country suffer from some form of cardiovascular disease, causing about 2,200        deaths a day, averaging 1 death in every 40 seconds. Such kind of chronic diseases may generate lucrative revenue in medical electrodes market over forecast period in this region.

Europe holds the second-largest share in the medical electrodes market due to the existence of well-established healthcare industry, significant funding in medical research and increasing health concerns in this region. Asia-Pacific grow rapidly during the forecast period owing to geriatric population which will result into an increase in the number of cardiac, neuro and related disease which significantly relate to the medical electrode diagnosis and hence demands of this product increases in this region.

On Special Requirement Medical Electrodes Market Report is also available for below Regions and Country:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

Report Analysis

Details

Historical data

2015 - 2020

Forecast Period

2021 - 2028

Market Size in 2021:

USD 1271.6 Million 

Base year considered

2020

Forecast Period CAGR %:

4.37% 

Market Size Expected in 2028:

USD 1715.8 Million 

Tables, Charts & Figures:

175

Pages

200

Medical Electrodes Manufacturers

General Electric Company, 3M, Medtronic Plc, Ambu A/S, CONMED Corporation, Koninklijke Philips NV, Natus Medical Incorporated, Compumedics Limited, Rhythmlink International LLC, Nihon Kohden Corporation, Lepu Medical Technology, Biotronik SE & Co. KG Zoll Medical Corporation, Abbott Laboratories, Oscor Inc., OSYPKA AG, Pacetronix Limited, Boston Scientific Corporation, and others.

Segments Covered

By Type, By Applications, By Usability, By End-Users

Regional Analysis

North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Medical electrodes Market Reports

  • Global Medical electrode Market report covers in-depth historical and forecast analysis.
  • Global Medical electrode Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global Medical electrode Market report helps to identify opportunities in the marketplace.
  • Global Medical electrode Market report covers extensive analysis of emerging trends and competitive landscape.
SUMMARY
VishalSawant
Vishal Sawant
Busines Development
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