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Global Medical Electrodes Market 2024 Opportunity Assessment, Industry Share, Size And Forecast To 2033 | Major Players Are 3M Company, ConMed Corporation, Koninklijke Philips N.V., Medtronic PLC, Ambu A/S
Medical Electrodes Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the medical electrodes industry. This report on medical electrodes market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The medical electrodes market size has grown strongly in recent years. It will grow from $1.98 billion in 2023 to $2.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to cardiovascular diseases, neurological disorders, aging population, electrotherapy and pain management, regulatory compliance.
The medical electrodes market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to personalized medicine, patient-centric design, telemedicine expansion, medical tourism, sustainability and eco-friendly materials. Major trends in the forecast period include miniaturization and wearable electrodes, advanced electrode materials, smart electrodes, artificial intelligence (AI) and data analytics, sensor integration.
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Key Market Players:
3M Company, ConMed Corporation, Koninklijke Philips N.V., Medtronic PLC, Ambu A/S, General Electric Company, Nihon Kohden Corporation, Cardinal Health Inc., Dymedix Diagnostics Inc., Natus Medical Incorporated,
Market Drivers:
According to the Medical Electrodes Market Report 2024 by The Business Research Company, The expansion of telehealth and telemedicine is expected to propel the growth of medical electrodes market going forward. Telehealth refers to the use of telecommunications technology to provide a wide range of healthcare services and information remotely, while telemedicine specifically involves remote clinical consultations and healthcare delivery. Expansion of telehealth and telemedicine leads to increasing demand for accurate diagnostic data collection during remote patient monitoring, expanding the use of wearable health devices equipped with electrodes. For instance, in October 2022, according to Centers for Disease Control and Prevention, a US-based government agency, in 2021, telemedicine was utilized by 37.0% of adults within the preceding 12 months. Therefore, the expansion of telehealth and telemedicine is driving the growth of medical electrodes market.
More information about the Global Medical Electrodes Market Report -
https://www.thebusinessresearchcompany.com/report/medical-electrodes-global-market-report
Market segments for template include:
1) By Usability: Disposable Medical Electrodes, Reusable Medical Electrodes
2) By Technology: Wet Electrodes, Dry Electrodes, Needle Electrodes
3) By Procedure: Electrocardiography, Electroencephalography, Electromyography, Other Procedures
4) By Application: Cardiology, Neurophysiology, Sleep Disorders, Intraoperative Monitoring, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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