New York, NY, July 25, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Medical Electrodes Market by Technology (Dry Electrodes, Wet Electrodes, and Needle Electrodes), by Application (Neurophysiology, Cardiology, Intra-Operative Monitoring, Sleep Disorder, and Others), By Usability (Reusable Electrodes and Disposable Electrodes), and by Diagnostic Procedure (Electroencephalography, Electrocardiography, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global medical electrodes market was approximately USD 945 million in 2018 and is expected to generate around USD 1,180 million by 2025, at a CAGR of around 3.24% between 2019 and 2025.
The electrode is a tiny piece of metal or substance that transfers electric current from or to a power source, human body, or equipment. A medical electrode is a small equipment that facilitates the transfer energy of ionic current in the human body into electrical currents. These currents are then amplified, researched, studied, and used for diagnosis and analysis of various diseases of patients dealing with different medical conditions. Electrodes are used for various procedures and check-ups in medical analysis. The purpose of medical electrodes is to permit surface quantification of internal ionic currents, which aids the diagnosis of different nervous, ocular, muscular, cardiac disorders. The global medical electrodes market is growing swiftly, due to an exponential increase in medical electrodes applications in diagnosis and treatment of neurological and cardiovascular diseases, rise in the focus on early disease detection, growth in geriatric population worldwide, and various developments of the healthcare sector. However, the biocompatibility of medical electrodes may restrain the medical electrodes market growth.
Browse through 71 Tables & 32 Figures spread over 110 Pages and in-depth TOC on “Global Medical Electrodes Market: Industry Share, Size, Applications, Segments Analysis and Forecast, 2018–2025”.
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The medical electrodes market is fragmented on the basis of technology, application, usability, and diagnostic procedure. Based on technology, the market includes dry electrodes, wet electrodes, and needle electrodes. Dry electrodes are expected to register the highest CAGR in the future, as they offer higher patient comfort and increase in technological advancements focused on developing high-quality products.
By application, the market includes intra-operative monitoring, neurophysiology, cardiology, sleep disorder, and others. The cardiology segment is expected to witness the highest growth in the years ahead, owing to the increased cardiovascular health awareness, rising geriatric population, and technological advancements in diagnostic tools and monitoring techniques.
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On the basis of usability, the market is bifurcated into reusable and disposable electrodes. Based on the diagnostic procedure, the market is distributed into electroencephalography, electrocardiography, and others (electroretinography, electromyography, and electrooculography). The electrocardiography segment is predicted to grow rapidly over the forecast period, owing to the increasing prevalence of arrhythmias and CVD and substantial technological developments made in ECG electrodes.
North America dominated the global medical electrodes market with a major revenue share in 2018. This can be attributed to the increasing prevalence of cardiovascular diseases, technological developments in diagnostic and monitoring techniques, rising adoption of medical electrodes for treating various diseases, and the regional presence of key market players. North America is estimated to maintain its top spot over the forecast time period as well. The U.S. is a major country in the North American market, due to increasing improvements in healthcare and medical infrastructure, growing focus on early disease detection.
Browse the full “Medical Electrodes Market by Technology (Dry Electrodes, Wet Electrodes, and Needle Electrodes), by Application (Neurophysiology, Cardiology, Intra-Operative Monitoring, Sleep Disorder, and Others), By Usability (Reusable Electrodes and Disposable Electrodes), and by Diagnostic Procedure (Electroencephalography, Electrocardiography, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/medical-electrodes-market
Europe contributed the second largest revenue share in 2018 to the global medical electrodes market, due to the increasing prevalence of cardiovascular diseases, rising use of minimally-invasive procedures, and growing enterprises of medical hospitals and clinics. Germany dominated the European medical electrodes market with a major share, due to the increasing adoption of advanced medical treatment options.
The Asia Pacific medical electrodes market will show the highest CAGR over the forthcoming years, owing to the improvement in healthcare infrastructure, positive economic growth, increasing adoption of advanced medical treatment options, rising disease prevalence, and a large geriatric patient pool. China and Japan are dominant countries in the Asia Pacific medical electrodes market, whereas India is estimated to grow notably in the future. China dominated the region’s market with the largest revenue share in 2018.
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The Latin American medical electrodes market is expected to grow moderately in the future, owing to the growing prevalence of cardiac diseases and various technological developments related to medical devices. The Middle Eastern and African medical electrodes market will register slow growth in the years ahead, owing to the underdeveloped healthcare infrastructure and lack of advanced medical technologies for treatment.
Some key players in medical electrodes market are Philips Healthcare, Boston Scientific Corporation, C.R Bard, Thermo Fisher Scientific, GE Healthcare, Medtronic, 3M Healthcare, Conmed Corporation, Natus Medical, and Asahi Kasei Corporation.
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This report segments the global medical electrodes market into:
Global Medical Electrodes Market: By Technology
- Dry Electrodes
- Wet Electrodes
- Needle Electrodes
Global Medical Electrodes Market: By Usability
- Reusable Electrodes
- Disposable Electrodes
Global Medical Electrodes Market: By Application
- Neurophysiology
- Cardiology
- Intra-Operative Monitoring
- Sleep Disorder
- Others
Global Medical Electrodes Market: By Diagnostic Procedure
- Electroencephalography
- Electrocardiography
- Others
- Electroretinography (ERG)
- Electromyography (EMG)
- Electrooculography (EOG)
Global Medical Electrodes Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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