Global Medical Electrodes Market Is Expected To Reach Around USD 1,180 Million By 2025

24-Jul-2019 | Zion Market Research

Zion Market Research has published a new report titled “Medical Electrodes Market by Technology (Dry Electrodes, Wet Electrodes, and Needle Electrodes), by Application (Neurophysiology, Cardiology, Intra-Operative Monitoring, Sleep Disorder, and Others), By Usability (Reusable Electrodes and Disposable Electrodes), and by Diagnostic Procedure (Electroencephalography, Electrocardiography, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global medical electrodes market was approximately USD 945 million in 2018 and is expected to generate around USD 1,180 million by 2025, at a CAGR of around 3.24% between 2019 and 2025.

The electrode is a tiny piece of metal or substance that transfers electric current from or to a power source, human body, or equipment. A medical electrode is a small equipment that facilitates the transfer energy of ionic current in the human body into electrical currents. These currents are then amplified, researched, studied, and used for diagnosis and analysis of various diseases of patients dealing with different medical conditions. Electrodes are used for various procedures and check-ups in medical analysis. The purpose of medical electrodes is to permit surface quantification of internal ionic currents, which aids the diagnosis of different nervous, ocular, muscular, cardiac disorders. The global medical electrodes market is growing swiftly, due to an exponential increase in medical electrodes applications in diagnosis and treatment of neurological and cardiovascular diseases, rise in the focus on early disease detection, growth in geriatric population worldwide, and various developments of the healthcare sector. However, the biocompatibility of medical electrodes may restrain the medical electrodes market growth.

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Browse the full “Medical Electrodes Market by Technology (Dry Electrodes, Wet Electrodes, and Needle Electrodes), by Application (Neurophysiology, Cardiology, Intra-Operative Monitoring, Sleep Disorder, and Others), By Usability (Reusable Electrodes and Disposable Electrodes), and by Diagnostic Procedure (Electroencephalography, Electrocardiography, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/medical-electrodes-market

The medical electrodes market is fragmented on the basis of technology, application, usability, and diagnostic procedure. Based on technology, the market includes dry electrodes, wet electrodes, and needle electrodes. Dry electrodes are expected to register the highest CAGR in the future, as they offer higher patient comfort and increase in technological advancements focused on developing high-quality products.

By application, the market includes intra-operative monitoring, neurophysiology, cardiology, sleep disorder, and others. The cardiology segment is expected to witness the highest growth in the years ahead, owing to the increased cardiovascular health awareness, rising geriatric population, and technological advancements in diagnostic tools and monitoring techniques.

On the basis of usability, the market is bifurcated into reusable and disposable electrodes. Based on the diagnostic procedure, the market is distributed into electroencephalography, electrocardiography, and others (electroretinography, electromyography, and electrooculography). The electrocardiography segment is predicted to grow rapidly over the forecast period, owing to the increasing prevalence of arrhythmias and CVD and substantial technological developments made in ECG electrodes.

North America dominated the global medical electrodes market with a major revenue share in 2018. This can be attributed to the increasing prevalence of cardiovascular diseases, technological developments in diagnostic and monitoring techniques, and the regional presence of key market players. North America is estimated to maintain its top spot over the forecast time period as well. Europe contributed the second largest revenue share in 2018 to the global medical electrodes market, due to the increasing prevalence of cardiovascular diseases and growing enterprises of medical hospitals and clinics.

Some key players in medical electrodes market are Philips Healthcare, Boston Scientific Corporation, C.R Bard, Thermo Fisher Scientific, GE Healthcare, Medtronic, 3M Healthcare, Conmed Corporation, Natus Medical, and Asahi Kasei Corporation.

This report segments the global medical electrodes market into:

Global Medical Electrodes Market: By Technology

  • Dry Electrodes
  • Wet Electrodes
  • Needle Electrodes

Global Medical Electrodes Market: By Usability

  • Reusable Electrodes
  • Disposable Electrodes

Global Medical Electrodes Market: By Application

  • Neurophysiology
  • Cardiology
  • Intra-Operative Monitoring
  • Sleep Disorder
  • Others

Global Medical Electrodes Market: By Diagnostic Procedure

  • Electroencephalography
  • Electrocardiography
  • Others
  • Electroretinography (ERG)
  • Electromyography (EMG)
  • Electrooculography (EOG)

Global Medical Electrodes Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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