Medical Electrode Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025. Growing incidence of neurological and cardiovascular diseases, rising investment in R&D activities, and increasing popularity of nanotechnology are some factors driving the growth of the market.
Scope of Global Medical Electrode Market Reports –
The electrodes used in medical devices transfer the iconic current energy into electrical current in the body. These current can be amplified and have proved to be helpful in diagnosing various diseases. Medical electrodes comprise of a lead, metal and electrode conducting paste. Medical electrodes proceed with quantification of internal iconic currents and results in diagnosis of various ocular, nervous, cardiac, and muscular disorders. The device works through provision of an electrical contact between apparatus used to monitor activities and patient. Electrodes are used for diverse procedures and check-ups in the health setting. Combined with monitoring systems, they can be powerful predictors of disease and disorders.
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Global medical electrode market report is segmented on the basis of type, usability, procedure, application and by regional & country level. Based on type global medical electrode market is classified as wet electrodes, dry electrodes, and needle electrodes. Based upon usability, global medical electrode market is classified into disposable electrodes and reusable electrodes. Based upon procedure, global medical electrode market is classified as electrocardiography (ECG), electroencephalography (EEG), electromyography (EMG), and other procedures [electroretinography (ERG) and electrooculography (EOG)]. Based upon application, global medical electrode market is classified into cardiology, neurophysiology, sleep disorders, intraoperative monitoring, and other applications.
The regions covered in this medical electrode market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of medical electrode is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Medical Electrode Market Reports-
Global medical electrode market report covers prominent players like Boston Scientific Corporation, 3M, C.R Bard, Inc., GENERAL ELECTRIC COMPANY, Medtronic, Heraeus Medical Components LLC, Conmed Corporation, Thermo Fisher Scientific Inc., Natus Medical Incorporated, Koninklijke Philips N.V., Asahi Kasei Corporation, and Others.
Heraeus Medical Components LLC has acquired Biotectix LLC assets
News: – September 6, 2017, Heraeus Medical Components, a global business unit of Heraeus Holding GmbH, has entered into a purchase agreement for the business acquisition of Biotectix LLC. The acquisition will enable Heraeus Medical Components to offer the Biotectix conductive polymer materials to enhance the performance of sensing and stimulation electrodes used in diagnostic and therapeutic medical devices.
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Global Medical Electrode Market Dynamics –
The increasing use of medical electrodes in the diagnosis of cardiological and neurophysiological disorders is one of the primary factors for the rise of growth of the medical electrodes market. According to the World Health Organization (WHO), estimates in 2012, the global geriatric population was pegged at 901 million in 2015, which is expected to increase over 2 billion by 2050. In 2015, an estimated 17.7 million people died from CVDs, with an estimated 7.4 million due to coronary heart disease and 6.7 million due to stroke. However, high cost of the product and lack of knowledge among people regarding the availability of these technologies may restrain the growth of the market. In addition to this, the rising preference of consumers for ambulatory and home healthcare is estimated to generate promising growth opportunities for the market players in the next few years.
Global Medical Electrode Market Regional Analysis –
North America dominates the medical electrode market due to presence of several leading players, growing focus on innovative technologies and increasing awareness about the benefits of early disease diagnosis. For instance, according to the Alzheimer’s Association estimates in 2017, 5 million Americans were diagnosed with Alzheimer’s disease, and the number is expected to rise over 16 million by 2050.
The Asia-Pacific region is expected to grow during the forecast period and should provide huge investment opportunities for the medical electrode companies in countries such as India, China, and South Korea. The high rate of economic growth in recent years, with diversified population and large patient pool, drives this market. Further, increasing healthcare facilities with large involvement of private sector companies would help in the expansion and reach of multinational companies through collaborations in the forecast period.
Key Benefits for Global Medical Electrode Market Reports –
- Global Medical Electrode Market report covers in depth historical and forecast analysis.
- Global Medical Electrode Market research report provides detail 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 market place.
- Global Medical Electrode Market report covers extensive analysis of emerging trends and competitive landscape.
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Global Medical Electrode Market Segmentation –
Global Medical Electrode Market: by Product Type analysis
Global Medical Electrode Market: by Application analysis
- Personalized medicine
- Drug discovery & development
Global Medical Electrode Market: by Technology analysis
- Genome sequencing
- Nucleic acid extraction & purification
Global Medical Electrode Market: by Regional & Country Analysis
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- The Middle East and Africa
- Rest of Middle East and Africa
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