As per analysts at Zion Market Research, the global medical electrodes market is predicted to reach over USD 1,180 million by 2025, growing at a CAGR of around 3.24% during the forecasted period 2019–2025. Medical electrodes are devices that transmit the energy of ionic streams in the body into electrical currents that can be expanded, examined, and utilized for identification of the various medical warnings. The medical electrode includes metal, lead, and electrode conductive plate. Medical electrodes are utilized along with monitoring systems to present a diagnosis and uninterrupted monitoring of patients having various diseases like neurology and cardiology related problems. The augmenting global population is boosting the demand for surged access and developments in healthcare treatments.
Some of the key players in the global market are 3M Company; CONMED; Medtronic PLC; Koninklijke Philips N.V.; C. R. Bard, Inc.; Natus Medical Incorporated; Ambu A/S; Dymedix; Cooper Surgical, Inc; Cognionics Inc., Cognionics Inc.; Ad-Tech Medical Instrument Corporation; Leonhard Lang GmbH; Pepin Manufacturing, Inc.; S&W Healthcare; Avery Dennison Corporation; ZOLL Medical Corporation; and Rhythmlink International, LLC
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Rising Prevalence Of Cardiovascular Diseases To Boost The Global Medical Electrodes Market
Cardiovascular diseases are the class of disease that involves the blood vessels and heart and is related to atherosclerosis. Some of the most common cardiovascular diseases are CAD (coronary artery disease), arrhythmia, myocardial infarction, congenital heart defects, heart failure, peripheral artery disease, and cardiomyopathy. According to the WHO (World Health Organization), almost 17.7 million people die annually due to cardiovascular diseases, accounting for 31% of the global deaths. The prevalence of hypertension and CVD has been noted increasing rapidly across the Sub-Saharan, European, African, and other developing markets. There are around 150 clinical trials reported involving medical electrodes devices for the treatment of cardiovascular diseases, which is eventually attracting a massive number of research institutes, universities, and companies, as sponsors & collaborators. With surging demand for highly advanced treatment of cardiovascular diseases, the demand for medical electrodes is anticipated to augment at a high scale.
The global medical electrodes market is bifurcated on the basis of product type, application, modality, and regional analysis. Based on the product type, the market is divided into needle electrodes and surface electrodes. Based on the application, the market is divided into cardiology, neonatal ECG, stress test ECG, long-term monitoring ECG, short-term monitoring EGG, resting ECG, electrosurgery, neurophysiology, IOM (intraoperative monitoring), and sleep study. Based on the modality, the market is divided into SSEPs (somatosensory evoked potentials), MEPs (motor evoked potentials), EEG (electroencephalography), ECG (electrocardiography), BAEPs (brainstem auditory evoked potentials), EMG (electromyography), and VEPs (visual evoked potentials).
North America Region Predicted To Dominate The Global Medical Electrodes Market
Based on geographical analysis, the global medical electrodes market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The U.S. holds the major shares in the market owing to highly developed healthcare infrastructure, helpful administrative policies, a huge base of MNCs, and high awareness about testing & testing devices amongst people. The incidence of certain chronic inflammatory disorders, like diabetes, cardiovascular diseases, IBDs (inflammatory bowel diseases), and others are higher than other chronic indications.
This review is based on a report by Zion Market Research, titled “Medical Electrodes Market – Segmented By Product Type (Needle Electrodes, Surface Electrodes), Application (Cardiology, Neonatal ECG, Stress Test ECG, Long-Term Monitoring ECG, Short-Term Monitoring EGG, Resting ECG, Electrosurgery, Neurophysiology, Intraoperative Monitoring, Sleep Study), Modality (Somatosensory Evoked Potentials, Motor Evoked Potentials, Electroencephalography, Electrocardiography, Brainstem Auditory Evoked Potentials, Electromyography, Visual Evoked Potentials), And Geography – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025”
The global medical electrodes market is segmented as follows:
By product type:
- Needle Electrodes
- Surface Electrodes
- Stress Test ECG
- Long-Term Monitoring ECG
- Short-Term Monitoring EGG
- Neonatal ECG
- Resting ECG
- Sleep Study
- Intraoperative Monitoring (IOM)
- ECG (Electrocardiography)
- EEG (Electroencephalography)
- MEPs (Motor Evoked Potentials)
- SSEPs (Somatosensory Evoked Potentials)
- EMG (Electromyography)
- BAEPs (Brainstem Auditory Evoked Potentials)
- VEPs (Visual Evoked Potentials)
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- Middle East and Africa
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