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Electrocardiography (ECG) Electrodes Market: Comprehensive Research, Analysis, and Forecasts Through 2033
Electrocardiography (ECG) Electrodes Global Market Report 2024
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According to The Business Research Company's, 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 growth in the historic period can be attributed to increased utilization of ECG electrodes in hospitals, increased incidence of arrhythmias, increased awareness among healthcare professionals, growth in the use of ECG electrodes in telemedicine, and growth in the availability of eco-friendly and biocompatible materials.
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%. The growth in the forecast period can be attributed to the rising prevalence of chronic disease, a growing elderly population, the growing importance of personalized medicine, an increasing number of hospitals, and rising investments in healthcare infrastructure. Major trends in the forecast period include technological advancements, remote patient monitoring, solid gel electrodes, reusable medical electrodes, and the adoption of AI.
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Market Drivers and Trends:
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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.
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Major Key Players of the Market:
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.
Electrocardiography (ECG) Electrodes Market 2024 Key Insights:
• 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%.
• Rising Prevalence Of Cardiovascular And Neurological Disorders Fuels Growth In ECG Electrode Market
• Innovating Heart Health Sensors Revolutionize ECG Electrodes Market
• North America was the largest region in the electrocardiography (ECG) electrodes market in 2023
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