Dublin, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The "Electrodes for Medical Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Electrodes for Medical Devices Market to Reach $2.2 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Electrodes for Medical Devices estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.2 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.
ECG Electrodes, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$502.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the EEG / EMG / ENG Electrodes segment is readjusted to a revised 4.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $449.4 Million, While China is Forecast to Grow at 6.5% CAGR
The Electrodes for Medical Devices market in the U.S. is estimated at US$449.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$457 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$292.9 Million by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.6 Billion |
| Forecasted Market Value (USD) by 2030 | $2.2 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Electrodes - An Integral Part of Most Medical Electronic Devices
- Recent Market Activity
- Current and Future Analysis
- Expanding Aging Population Spurs Demand
- Rising Disease Prevalence Fuels Market Growth
- Portable Devices Drive Growth
- Electrodes for Medical Devices - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
MARKET TRENDS & DRIVERS
- Growing Shift towards Single Use Electrodes
- Continued Use of Re-Usable Electrodes - A Cause of Concern
- Inefficiency of Cleaning Procedures - Studied and Validated
- Disposable Electrodes Help Stave Off HAIs
- Re-Use of Single Use Electrode - Not a Safe Proposition
- Wet Vs Dry Electrodes
- Electrodes with Hydrogels Gain Popularity
- Dry Electrodes Garner Significant Attention
- Ambulatory Healthcare Drives Interest in Dry Electrode Technology
- Dry Electrodes Overcome Short Circuit Issues in Arrays
- Hybrid Wet-Dry Electrodes to Address Concerns in Individual Technologies
- Nanotechnology to Enhance Functionality of Electrodes
- Conducting Polymers Hold Promise as Effective Electrode Coating to Ease Implantation Procedure
- Textile Electrodes - An Emerging Area of Interest
- Popularity of Ag/AgCl as Electrode Material
- Novel Electrode Backing Materials Enable Longer Application
- Platinum Gains Popularity as Electrode Material
- Trends in ECG Monitoring Electrodes
- Electrodes Play a Pivotal Role in Growing Sophistication of Cardiac Monitoring
- The Evolution of Electrode Materials in ECG
- Dry Electrodes for ECG Take Multiple Forms
- Demand for ECG Electrodes Continue to Rise
- Dry ECG Electrodes yet to Make a Mark in Clinical Settings
- A Focus on Issues Related to Use of Gel and Dry Electrodes in ECG
- Flexible Electrodes Overcome Drawbacks of Solid Electrodes
- Self-Adhesive Pads Gain Ground over Paddle Electrodes
- Need for Superior Electrode Technology in Premature Infants Monitoring
- New Graphene-Based Electrodes for ECG Shows Promise
- FEEP Promises to Address Conventional Issues with Non-Contact ECG Electrodes
- Silver Nanowire Dry Electrodes in Holter Monitors - New Research Work Shows Improved Holter's Efficiency
- Offset Electrodes Overcome Motion Artifacts
- Electrodes with Offset Studs Lose Appeal
- Development of Wearable, Patch Monitors - A Threat to ECG Electrodes
- Trends in EEG Electrodes
- Surface Electrodes - The Most Popular EEG Electrode Option
- Technological Advances in EEG Electrodes
- Technological Advances in EEG Electrodes
- Combination Material-Based EEG Electrodes - Most Common and Affordable
- Defibrillator Electrodes - A Perspective of Historical Design Evolution
- Disposable EEG Electrodes - Advantages and Disadvantages
- Growing Popularity of Non-Invasive Techniques to Hamper Prospects of Fetal Scalp Electrodes
- New, Less-Damaging Soft Electrodes Improve Diagnostic Outcomes in Brain Function
- Dissolvable Electrodes in Development for Brain Diagnosis
- New Miniature Ear-borne Electrodes Enable Unobtrusive EEG Recording
- Competitive Landscape
- Cardiac Electrodes Market Limited to Few Specialty Players
- Neurophysiology Segment Witnesses Consolidation
FOCUS ON SELECT PLAYERS (Total 16 Featured)
- 3M Company (US)
- Ambu A/S (Denmark)
- C.R Bard, Inc. (US)
- CONMED Corporation (US)
- Leonhard Lang GmbH (Austria)
- Medtronic Plc. (Ireland)
- Natus Medical Incorporated (US)
- Nikomed USA, Inc. (US)
- Philips Healthcare (The Netherlands)
- Prosurg, Inc. (US)
- Rhythmlink International, LLC (US)
- Utah Medical Products, Inc. (US)
- ZOLL Medical Corporation (US)
GLOBAL MARKET PERSPECTIVE
Segmented Analysis:
- The market analysis covers various product segments, such as ECG electrodes, TENS electrodes, defibrillator electrodes, pacemaker electrodes, and more.
- Each segment is analyzed for recent past, current, and future years, providing insights into sales patterns and projected growth.
Electrode Types and Categories:
- Different types of electrodes, including disposable, reusable, dry, wet, needle, and EEG/EMG/ENG electrodes, are analyzed individually.
- Sales data for these electrode categories is examined across geographic regions to identify trends and potential market drivers.
For more information about this report visit https://www.researchandmarkets.com/r/t9g7s8
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