The global “Medical Electrodes Market Size “ is prophesied to reach USD 822.13 million by 2027 on account of the rising prevalence of cardiovascular diseases worldwide. Medical electrodes are used for transferring energy of ionic currents in the body into electrical currents that can be utilized for studying, and amplifying and further utilized for diagnosis of a disease.
A recently published report by Fortune Business Insights offers an elaborate overview of the market and its growth parameters. According to the report titled, “Medical Electrodes Market Size, Share & Industry Analysis, By Product (Wet Electrodes, Dry Electrodes, Needle Electrodes), By Application (Cardiology, Neurophysiology, Others) By Usage (Disposable Medical Electrodes, Reusable Medical Electrodes) By End User (Hospitals & Ambulatory Surgery Centers (ASCs), Specialty Clinics & Diagnostics Centers) and Regional Forecast, 2020-2027,” the market stood at USD 609.76 million in 2019 and will exhibit a CAGR of 3.9% during the forecast period, 2020 to 2027.
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What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Key Players Operating in The Medical Electrodes Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Cardinal Health
- KLS Martin
- Medico Electrodes International Limited
- Conmed Corporation
- Zoll Medical
- Ad-Tech Medical
- ETHICON (Johnson & Johnson)
- Other Players
Highlights of the Report:
- In-depth analysis of various insights, namely, Medical Electrodes Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Medical Electrodes Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
What are the Objectives of the Report?
The report is based on a quantitative and qualitative analysis of the market and focuses on parameters such as drivers, restraints, challenges, and future opportunities. It also offers insights into the market, current trends, and significant industry developments of the market. The report further discusses the table of segmentation based on factors such as product, application, Usage, end-user, and regions and lists the names and expected shares of the leading segments. It provides a list of key players operating in the market and the major strategies adopted by them to gain a competitive edge in the market. The report is available for sale on the company website.
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Increasing Reimbursement Policies and Better Healthcare Facilities will Help North America Dominate Market
Regionally, North America earned a revenue of USD 280.46 million in 2019 and emerged dominant. Factors responsible for this growth include the rise in government initiatives for enhancing the healthcare sector and medical facilities in the region, coupled with the reimbursement policies and flexible regulatory scenario. On the other side, the Asia Pacific market will rise at a rapid CAGR in the forecast period on account of rising penetration of new vendors into the regional market, coupled with the rise in expenditure on healthcare infrastructure and equipment development in the emerging economies such as India, China, and others. Furthermore, the increasing prevalence of chronic diseases that ails efficient diagnosis such as neurological disorders and cardiac issues will help Latin America and the Middle East and Africa markets witness stable growth.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Recent Industry Developments Such as Mergers & Acquisitions
- Regulatory Scenario for Key Countries
- Technological Advancements Pertaining to Medical Electrodes
- Statistics Pertaining to Prevalence of Cardiovascular Diseases for Key Countries
- Key Industry Trends
- New Product Launch
- Global Medical Electrodes Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Wet Electrodes
- Dry Electrodes
- Needle Electrodes
- Market Analysis, Insights and Forecast – By Application
- Market Analysis, Insights and Forecast – By Usage
- Disposable Medical Electrodes
- Reusable Medical Electrodes
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Ambulatory Surgery Centers (ASCs)
- Specialty Clinics & Diagnostics Centers
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Medical Electrodes Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Medical Electrodes Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Medical Electrodes Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Secondary Data Sources That We Refer To:
- Annual reports, investor presentation, SEC filings, and press releases of companies operating in the market
- Studies published by relevant associations MedTech Europe; American College of Radiology; Cancer Council Australia; Japan Hospital Association, etc.), government sources (Centers for Disease Control & Prevention, Ministry of Health, Labour & Welfare, Japan; National Health Service, England, etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Research Gate, NCBI, etc.
- Website, reports, and press releases of end user facilities – Hospitals, Ambulatory Surgery Centres, Clinics
- Industry journals and paid databases
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Secondary Research Is Conducted To Derive The Following Information:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
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