Medical Electrodes Market
Increasing prevalence of cardiology and neurological diseases among the population drives growth of the global medical electrodes market
According to The World Health Organization’s estimates in 2012, the global geriatric population was pegged at 901 million in 2015, which is expected to increase over 2 billion by 2050. Geriatric population is highly susceptible to various cardiology and neurological diseases, thus creating a need for early diagnosis which can be achieved using medical electrodes. Factors that propel growth of the market are exponential rise in population, higher disease prevalence, minimally invasive nature of the treatment, low costs associated with the treatment, compact and effective medical devices. Also, the use of nanotechnology for developing miniaturized electrodes, increased focus on investment, encouraging research and development, support from government and private organizations to ensure access to quality care for vulnerable population, develop healthcare workforce and focus on early diagnosis of diseases is expected to boost the global medical electrodes market.
The electrosurgical electrodes offers high precision in therapeutic electrodes segment, is expected to record highest growth rate
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The global medical electrodes market is segmented based on product type, modality, application and geography.
On the basis of product type
Surface Electrodes,Disposable Electrodes,Needle Electrodes,Reusable Electrodes,On the basis of modality,,Electromyography (EMG),Electrocardiography (ECG),Electroencephalography (EEG),Motor Evoked Potentials (MEPs),Brainstem Auditory Evoked Potentials (BAEPs),Others,
On the basis of application,,Cardiology,Long-Term Monitoring ECG,Short-Term Monitoring ECG,Stress Test ECG,Resting ECG,Neonatal ECG,Neurophysiology,Electrosurgery,
Rising government interventions to establish healthcare infrastructure dominates North America in the medical electrodes market
Regional segmentation of the medical electrodes market by Coherent Market Insights comprises North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. According to the Alzheimer’s Association estimates in 2017, 5 million Americans were diagnosed with Alzheimer’s disease, and the number is expected to rise to over 16 million by 2050. This creates a highly conducive environment for growth of the medical electrodes market in North America, especially for neurological applications. Installation of technologically advanced electrocardiogram (ECG) and electromyogram (EMG) electrode system, have contributed towards the deployment and higher sales of the medical electrode devices in North America. The medical electrodes industry in Asia Pacific is expected to grow rapidly during the forecast period, owing to rapid development of healthcare facilities, escalated government interventions to develop compatible and inexpensive devices and rise in disposable income.
Next-generation wearable technologies in medical electrode to boost the Medical Electrode Market
Key players operating the global medical electrodes market are 3M Company, CONMED, Koninklijke Philips N.V., Cooper Surgical Inc., Medtronic PLC and C. R. Bard Inc. Pepin. The other leading manufacturers in the market include Leonhard Lang GmbH, S&W Healthcare, Ad-Tech Medical Instrument Corporation, ZOLL Medical Corporation and Avery Dennison Corporation.
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