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Electrocardiography (ECG) Electrodes Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Cardinal Health Inc., 3M Company, Medtronic Plc, Allied Healthcare Products Inc
Electrocardiography (ECG) Electrodes Global Market Report 2024
As per the report, the electrocardiography (ECG) electrodes market size has grown strongly in recent years. It will grow from $4.37 billion in 2023 to $4.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The electrocardiography (ECG) electrodes market size is expected to see strong growth in the next few years. It will grow to $6.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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Rising Prevalence Of Cardiovascular And Neurological Disorders Fuels Growth In ECG Electrode Market
The growing incidence of cardiovascular and neurological disorders is expected to propel the growth of the electrocardiography (ECG) electrode market going forward. Cardiovascular and neurological disorders refer to a variety of conditions affecting the heart and brain, respectively, and frequently necessitate expert medical intervention and management. The increasing incidences of cardiovascular and neurological disorders can be attributed to a variety of factors, including lifestyle changes, an aging population, and genetic predisposition. ECG electrodes are utilized in both cardiovascular and neurological disorders for non-invasive monitoring of heart activity and detecting abnormalities in electrical signals, aiding in the diagnosis and management of conditions such as arrhythmias, heart attacks, and seizures. For instance, in March 2022, according to the Office for National Statistics, a UK-based national statistical authority, the number of deaths due to heart attacks was 20,061 in 2021, increasing from 19,440 in 2020. Additionally, in August 2021, according to the American Cancer Society, a US-based health organization, nearly 24,530 malignant brain tumor cases will be diagnosed in the USA, and around 18,600 people are expected to die from the same. Therefore, the growing incidence of cardiovascular and neurological disorders is driving the growth of the electrocardiography (ECG) electrode market.
Innovating Heart Health Sensors Revolutionize ECG Electrodes Market
Major companies operating in the electrocardiography (ECG) electrode market are focusing their efforts on introducing solutions that utilize advanced technology, such as conductive textile patches, to create impactful solutions for industrial monitoring and gain a competitive edge in the market. A conductive textile ECG electrode patch is a wearable medical device designed to monitor cardiac activity by detecting electrical signals generated by the heart. For instance, in December 2023, Nahtlos AG, a Switzerland-based medical technology company, launched Nahtlos Durastrip, an electrocardiogram (ECG) patch made of conductive cloth that has been medically approved and is worn on the body to track cardiac activity. The Durastrip preserves adherence and signal quality during extended wear by employing a special humidification technique and patented conductive fabric technology. Movesense sensor compatibility opens up a world of possibilities, including long-term ECG monitoring, digital health research, and sophisticated fitness tracking.
The electrocardiography (ECG) electrodes market covered in this report is segmented -
1) By Type: Conducting Medium, Back-Lining Materials
2) By Usage: Disposable, Reusable
3) By Applications: Hospitals, Clinics, Other Applications
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Major companies operating in the electrocardiography (ECG) electrodes market are Cardinal Health Inc., 3M Company, Medtronic Plc, Allied Healthcare Products Inc., Koninklijke Philips N.V., GE HealthCare Technologies Inc., Shandong Intco Medical Products Corporation Ltd., Mindray Medical International Limited , ZOLL Medical Corporation, Nihon Kohden Corporation, Nissha Medical Technologies (NMT), CONMED Corporation, Welch Allyn Inc., S&W Healthcare , Ambu A/S, Schiller AG , BPL Medical Technologies, MedLinket, Axelgaard Manufacturing Co. Ltd., Medico Electrodes International Ltd, Rhythmlink International LLC, Leonhard Lang GmbH, Bio-Protech Inc., NIKOMED USA Inc.
Contents of the report:
1. Executive Summary
2. Electrocardiography (ECG) Electrodes Market Report Structure
3. Electrocardiography (ECG) Electrodes Market Trends And Strategies
4. Electrocardiography (ECG) Electrodes Market - Macro Economic Scenario
5. Electrocardiography (ECG) Electrodes Market Size And Growth
…..
27. Electrocardiography (ECG) Electrodes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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