Medical Electrodes Market Growth, Outlook, Demand, Key player Analysis and Opportunity 2022-2027

IMARC Group's latest report, titled "Medical Electrodes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global medical electrodes market size reached US$ 1,156 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,496 Million by 2027, exhibiting a growth rate (CAGR) of 4.5% during 2022-2027.

Medical electrodes are devices that are used to transfer the energy of ionic currents from the body into electrical currents that are studied, amplified, and utilized for diagnosis. They are non-invasive methods that comprise a metal, electrode conducting plate, and lead. The electrode works in combination with the electrical contact between the apparatus and the monitoring system, which is used to monitor the activities of the patient. Depending upon the anatomical location, several medical electrodes are used to receive bio-signals, such as electroencephalogram (EEG), electrocardiogram (ECG), and electromyogram (EMG). They are widely preferred as they are affordable, disposable, sterilizable, and easy to administer. As a result, they find wide applications in various orthopedic, cardiovascular, cosmetic, and neurosurgeries in hospitals, diagnostic centers, and medical research institutions.

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Medical Electrodes Market Demand:

The increasing prevalence of neurological diseases among the masses is driving the global market. Moreover, the rising demand for minimally invasive surgeries due to their numerous advantages, including quick recovery and less pain, is catalyzing the market. Apart from this, continuous technological developments, such as the advancements in nanotechnology that have enabled the miniaturization of electrodes and facilitated their application for various minimally invasive surgeries, are creating a positive market outlook. In line with this, the increasing support, and investments by the governments in extensive research and development (R&D) of medical electrodes are providing a boost to the market. Other factors, including the advent of advanced products, including dry and wet electrodes and growing demand for homecare health facilities, are also impacting the market favorably.

Competitive Landscape:

• Medtronic PLC
• CONMED
• 3M Company
• Koninklijke Philips N.V
• Ambu A/S
• Dymedix Diagnostics
• Natus Medical Incorporated
• Cognionics Inc
• Cooper Surgical Inc
• ZOLL Medical Corporation
• C. R. Bard Inc
• Rhythmlink International company
• NeuroSky
• GE Healthcare

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Key Market Segmentation:

Breakup by Electrode Type:

• Diagnostic Electrodes
o Electrocardiogram (ECG) Electrodes
o Electromyogram (EMG) Electrodes
o Electroencephalogram (EEG) Electrodes
o Electronystagmogram (ENG) Electrodes
o Neonatal Electrodes
o Fetal Scalp Electrodes
o Others
• Therapeutic Electrodes
o Defibrillator Electrodes
o Electrosurgical Electrodes
o Pacemaker Electrodes
o Transcutaneous Electrical Nerve Stimulation (TENS) Electrodes
o Others

Breakup by Usability:

• Disposable Medical Electrodes
• Reusable Medical Electrodes

Breakup by Technology:

• Surface Electrodes
• Needle Electrodes

Breakup by Application:

• Cardiology
• Neurophysiology
• Sleep Disorders
• Intraoperative Monitoring
• Others

Breakup by End User:

• Hospitals
• Diagnostic Centers
• Medical Research Institutions
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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