DUBLIN–(BUSINESS WIRE)–The “Medical Electrodes Market By Product Type, By Application, By Modality: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.
The global medical electrodes market was valued at $1,676.2 million in 2021, and is projected to reach $2,387.35 million by 2031, registering a CAGR of 3.6% from 2022 to 2031.
Medical electrodes transfer the ionic current energy into electrical current in the body. These devices are used for diagnosis, treatment, and monitoring of various diseases, including ocular diseases, neurology diseases, cardiac diseases, and muscular disorders. These devices play an important part in early diagnosis of cardiac diseases due to the fact that they quantify the internal ionic current in the body to detect various medical conditions.
Rise in focus on early diagnosis, growth in geriatric population, and increase in burden of cardiology and neurology diseases across the globe drive the growth of the medical electrodes market. Factor, including low biocompatibility of medical electrodes is expected to restrain the market growth. Furthermore, developing nations are expected to provide opportunities for the manufacturers of medical electrodes, due to increase in prevalence of cardiovascular and neurological diseases in the developing countries, such as China and India.
Rising electrode applications through use of nanotechnology augments the demand for electrode in various medical applications. Nanotechnology supports the through miniaturization of these devices, making it portable. In addition, in the U.S., major government agencies, such as the National Eye Institute (NEI), the National Science Foundation (NSF), and the Department of Energy (DE) supports R&D for this sector by increase in government funding.
These devices are used to treat diseases, including Parkinson’s disease, Alzheimer’s disease, sinus, and body ache. Rise in incidences of these diseases boosts the demand for electrode medical devices across the globe. Moreover, treatment using devices is of minimally invasive nature which propels the growth of this market substantially. In addition, in the U.S., medical reimbursement policies include major medical electrodes, which augment the growth of this market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical electrodes market analysis from 2021 to 2031 to identify the prevailing medical electrodes market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the medical electrodes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global medical electrodes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Surface Electrodes
- Needle Electrodes
By Application
- Cardiology
- Stress test ECG
- Neonatal ECG
- Long-term monitoring ECG
- Short-term monitoring EGG
- Resting ECG
- Neurophysiology
- Electrosurgery
- Intraoperative Monitoring (IOM)
- Sleep Study
By Modality
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electromyography (EMG)
- Brainstem auditory evoked potentials (BAEPs)
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- CONMED Corporation
- 3M Company
- Koninklijke Philips N.V.
- Medtronic
- Natus Medical Incorporated
- Ambu A/S
- BD
- Cognionics Inc.
- CooperSurgical, Inc.
- Dymedix
For more information about this report visit https://www.researchandmarkets.com/r/ncfrar
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