Global Medical Electrodes Market | Expected to Reach USD 822.13 million (at CAGR of 3.9%) | COVID-19 Impact Covered | Forecast Period 2022-2027
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.
Get Request a Sample Copy of the Medical Electrodes Report:
What is the Scope of this market?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
• North America (The U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and the Rest of Latin America)
• The Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)
Major Medical Electrodes Market Key players covered in the report include:
• Cardinal Health
• KLS Martin
• Medico Electrodes International Limited
• Conmed Corporation
• Zoll Medical
• Ad-Tech Medical
• ETHICON (Johnson & Johnson)
• Other Players
Medical Electrodes Market Analysis 2022:
Rising Prevalence of Neurological Disorders will Add Impetus to Market
The rising prevalence of cardio and neurological disorders are the key medical electrodes market growth drivers. Additionally, government support from various nations in the form of regulatory scenario, and reimbursement policies will also help promote the growth of the market in the long run. On the contrary, factors such as lack of awareness about associated technological advancements and benefits of these devices may cause hindrance to the overall growth of the market.
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.
Click here to get the short-term and long-term impact of COVID-19 on this Medical Electrodes Market. Please visit: https://www.fortunebusinessinsights.com/medical-electrodes-market-102729
Fragmented Nature of Market will Intensify Competition
The market for medical electrodes is fragmented in nature due to the presence of many vendors. Players are engaged in offering an extensive portfolio for gaining a competitive edge in the market. They are also engaging in merger and acquisition, joint ventures, contracts and agreements, and other collaborative efforts to attract high revenue to the market during the forecast period. Furthermore, players are investing heavily in the development and manufacturing of new products to get regulatory approvals, thereby attaining the top position in the market competition.
Major Industry Developments of the Market include:
May 2018 – FDA approved the first dry electrode, wireless headset by Zeto Inc., namely zEEG for utilization in a clinical setting. The zEEG offers remote interpretation, instant uploads, and tools for analysis by neurologists as it is backed by a cloud platform
September 2019 – Megadyne Mega Soft was launched by Ethicon, a part of the Johnson & Johnson company to strengthen the portfolio of reusable patient return electrodes that are utilized for over a million procedures worldwide. The launch of this novel product is likely to help the company earn higher revenue in the future years.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/medical-electrodes-market-102729
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Medical Electrodes Market | Expected to Reach USD 822.13 million (at CAGR of 3.9%) | COVID-19 Impact Covered | Forecast Period 2022-2027 here
News-ID: 2539726 • Views: 287
More Releases from Fortune Business Insights
Military Communications Market Will Generate Booming Growth Opportunities to 202 …
The global military communications market size is anticipated to reach USD 54.11 billion by 2029 and exhibit a CAGR of 6.37% during the forecast period. The rising adoption of wireless communication technology for various military applications is expected to boost the growth of the market. Fortune Business InsightsTMhas presented this information in its report titled, "Military Communications Market, 2022-2029". The market size stood at USD 33.10 billion in 2021 and
Smart Weapons Market Insights: 2022, Progressive Trends, Growth Opportunities an …
The global smart weapons market size is expected to showcase exponential growth by reaching USD 30.12 billion by 2028. This information is published by Fortune Business Insights in its latest report, titled, "Smart Weapons Market, 2021-2028." The report further mentions that the market stood at USD 17.17 billion in 2020 and is projected to exhibit a CAGR of 8.02% between 2021 and 2028. Factors such the increasing defense budget that
Robotics in Shipbuilding Market Will Generate Booming Growth Opportunities to 20 …
The global robotics in shipbuilding market size was USD 581.3 million in 2020. The market is projected to grow from USD 616.8 million in 2021 to USD 1001.4 billion in 2028 at a CAGR of 7.74% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, "Robotics in Shipbuilding Market, 2021-2028." According to our researchers, shipbuilding industry is promptlymoving towards collaborative robots also recognized
Space Launch Services Market Global Industry Historical Background, Industry Str …
The global space launch services market size was USD 12.42 billion in 2021 and touched USD 31.90 billion in 2022. The market is expected to touch USD 38.34 billion in 2029, exhibiting a CAGR of 12.25% during the forecast period. Rising adoption of 3D printing in the space sector and rapid modernization of 3D printed rocket engines foster the market growth. Fortune Business Insights™ presents this information in its report
More Releases for Electrodes
Cardiology Electrodes Market Growth in Future Scope 2021-2028 | 3M, VectraCor In …
An electrical impulse is generated in the human heart to maintain proper pumping of blood from the heart to the body cells. This electrical impulse can be measured to detect if there is any disruption of blood flow inside the human body. Cardiology electrodes are small plastic like patches that are placed on the skin of chest, legs, and arms, and are connected to an electrocardiogram (ECG) machine using lead
Arc Welding Electrodes Market, Global Analysis 2018-2025 By Key Players – ZIKA …
UpMarketResearch offers a latest published report on “Global Arc Welding Electrodes Market Industry Analysis and Forecast 2018-2025” delivering key insights to clients through a detail studied report. This exclusive report contains 138 pages, which highly focuses on current market analysis scenario, as well as future opportunities, revenue growth, pricing and profitability. Get FREE Exclusive Sample of this Report@ https://www.upmarketresearch.com/home/requested_sample/2766 In this study, the years considered to estimate the market size
Electrodes for Medical Market Business Development, Market Size, Trends and Fore …
The Global Electrodes for Medical Market report is a compilation of quantitative and qualitative estimation by industry analysis, industry contender across the value chain, empirical enlightenment, and details from industry experts. The report proffers micro-economic indicators, thorough analysis of parent market trends, and driving factors alongside market desirability according to segments. Request For Sample Report : https://www.reportsandmarkets.com/sample-request/global-electrodes-for-medical-market-insights-forecast-to-2025 The report also considers the impact of various market elements on market division
Medical Electrodes Market: Geographical Analysis
In a fragmented and competitive global medical electrodes market, the entry of new players in regional markets will further intensify the degree of competition, states a new report by Transparency Market Research (TMR). Investments for the development of novel medical electronics and advancement of existing products is a key growth strategy among players in this market. Abbott Laboratories, Oscor Inc., Biotronik SE & Co. KG, OSYPKA AG, Pacetronix Limited, Medtronic Plc.,
Medical Electrodes Market
Medical electrodes are devices used to transfer energy of ionic currents into electrical current in the body. The currents passed into the body is amplified and has proved to be useful in diagnosing various diseases. Medical electrodes are noninvasive and comprises a metal, electrode conducting plate and lead. Medical electrodes progress with quantification of internal ionic currents results in diagnosis of nervous, cardiac, ocular and muscular disorders. The electrode works
Electrodes For Medical Devices Market (Diagnostic Electrodes - ECG, EEG, EMG, ER …
Electrodes are devices that convert ionic potential into electrical potential which can be amplified to diagnose as well as treat several ailments and disorders. The electrodes used in medical devices facilitate the detection of chemical reactions derived from electrical signals obtained from muscle cells and neurons of the patients. In addition, few electrodes such as electrosurgical electrodes utilize the radiofrequency alternating current to perform minimally invasive surgical procedures. The electrodes