Medical Electrodes Market Value to Rise to US$ 857 Million by 2022

In a fragmented and competitive global medical electrodes market, the entry of new players in regional markets will further intensify the degree of competition, states a new report by Transparency Market Research (TMR). Investments for the development of novel medical electronics and advancement of existing products is a key growth strategy among players in this market.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30887

Abbott Laboratories, Oscor Inc., Biotronik SE & Co. KG, OSYPKA AG, Pacetronix Limited, Medtronic Plc., Boston Scientific Corporation, Lepu Medical Technology, and Zoll Medical Corporation are some prominent names in the global medical electrodes market.

According to TMR, the demand in the global medical electrodes market will rise at a healthy 6% CAGR during the forecast period between 2017 and 2022. At this pace, the revenue in the market is projected to reach US$857 mn by 2022 end from an estimated revenue of US$641.3 mn in 2017.

The key application segments of the global medical electrodes market include cardiology, neurophysiology, sleep disorders, and intraoperative monitoring. Geography-wise, North America is a key market for medical electrodes owing to presence of a modern healthcare infrastructure; going forward, the region is likely to rise at a healthy 6.3% CAGR between 2017 and 2022.

Enquiry for discount on this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=30887

The increasing incidence of lifestyle diseases in several parts of the world is a key growth driver of the medical electrodes market. The prevalence of cardiac diseases has particularly been on the rise in developed economies of North America and Western Europe, which is leading to the uptake of medical electrodes for diagnosis purpose. Medical electrodes are increasingly being used for the diagnosis of several diseases such as cardiac diseases and neurophysical disorders, as well as for the treatment of neurological diseases such as Alzheimer’s and Parkinson’s. Medical electrodes function by transferring current energy into electrical energy, which can be used to identify biomarkers left by a number of medical conditions. This is because the accuracy obtained by medical electrodes has made them an integral component of healthcare facilities.

The increasing adoption of electronics devices to render healthcare and modernization of healthcare facilities in several parts of the world are some other key growth drivers of the global medical electrodes market. Government initiatives as well efforts undertaken by private organizations have led to solid growth of the healthcare sector in several economies of Europe and North America. Further, substantial efforts in a number of countries to include strong diagnostic services within the healthcare sector are likely to augment growth of this market.

Apart from this, the increasing use of nanotechnology in the medical devices arena could further boost the growth of medical electrodes market. Medical electrodes function via a metal detector a conducting gel/paste, which is applied on the patient’s body. With the use of nanotechnology, the efficacy of this process can be improved significantly and thus make medical electrodes even more relevant for diagnosis purposes. Further research in nanotechnology with the objective to augment nanotechnology-based products in medical devices is likely to boost growth of the medical electrodes market in the upcoming years.

Report Overview @ https://www.transparencymarketresearch.com/medical-electrodes-market.html

Last but not the least, rising support of governments in emerging economies to improve healthcare facilities could act as a crucial factor to the growth of global medical electrodes market in the future.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.