Global Cardiology Electrodes Market to Register 2.61% CAGR 2016-2020 due to Growing Demand for Disposable Electrodes Worldwide

The 62-page research study, titled “Global Cardiology Electrodes Market 2016-2020,” provides an in-depth analysis of the market, focusing on the key market drivers and restraints, and the segmentation of the market. Furthermore, the research study provides insights into the key dynamics anticipated to influence the global cardiology electrodes market in the next few years.

As per the research study, the global cardiology electrodes market is estimated to register a 2.61% CAGR between 2016 and 2020. The research study has taken help of numerous analytical tools to identify the key opportunities in the global cardiology electrodes market. Furthermore, inputs given by industry specialists and professionals are estimated to help the existing and new players in making strategic decisions effectively.

The growing preference for disposable electrodes and the rising demand for cardiovascular disease diagnostics are some of the key factors estimated to accelerate the growth of the global cardiology electrodes market in the next few years. In addition, the growing awareness regarding cardiovascular disorders is indirectly encouraging the growth of the market. The rising research and development activities and the introduction of dry electrodes have created several opportunities for the key players in the market. However, the growing pricing pressure and product recalls of cardiology electrodes are estimated to hamper the growth of the overall market in the coming few years.

By application, the global cardiology electrodes market has been categorized into long-term monitoring ECG, short-term monitoring EGG, neonatal ECG, stress test ECG, and resting ECG. Among these, the stress test ECG segment is projected to reach a value of US$132 mn by the end of 2020. This segment is anticipated to remain in the leading position throughout the forecast period. The market share and size of every application segment have been discussed in the research report.

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The global market for cardiology electrodes has been divided on the basis of geography into EMEA, the Americas, and APAC. As per the research study, the Americas are estimated to hold a 41% share in the overall market by the end of 2020. This region is expected to remain in the leading position throughout the forecast period. The rapid growth of this market can be attributed to the growing geriatric population and rising incidence of cardiovascular disorders in the region.

The prominent players active in the global market for cardiology electrodes include 3M Co., ConMed Corp., Leonhard Lang GmbH, Medtronic plc, and Ambu A/S. Some of the other players mentioned in the research study are VacuMed, Bio-Protech, ADInstruments, Thought Technology, Diagramm Halbach, Bio-Lead-Lok-B, Cardinal Health, VERMED, NIKOMED USA, Philips Healthcare, Medtel, and Qingdao Bright.

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