Medical Electrodes Market

Medical electrodes are widely used to diagnose various ocular, nervous, cardiac, and muscular disorders. The device works through provision of an electrical contact between apparatus used to monitor activities and patient. Medical industry deploys several types of electrodes such as electrocardiography (ECG) electrode, electroencephalography electrode, fetal scalp electrodes (FSE), pacemaker electrodes, transcutaneous electrical nerve stimulation TENS electrodes, and others across the globe. An electrode is a medical device capable of transferring ionic current energy into electrical current in the body. Medical electrodes play a vital role in providing ideal electrical contact between the patient and apparatus/device used to record or measure activity. Thus, there is an increasing demand for them worldwide.

Market Dynamics:

Rising incidence of neurological & cardiovascular disorders and growing geriatric population across the globe is expected to drive growth of the global medical electrodes market. Increasing neurological conditions will lead to increased research on neurophysiological pathways, which in turn lead to higher adoption or demand for medical electrodes worldwide. According to the Centers for Disease Control and Prevention (CDC), in 2020, around 5.8 million people in the U.S. (aged 65 years or older) had Alzheimer's disease, and this number is expected to nearly triple to 14 million people by 2060.

While, according to the Alzheimer's Association, the number of people living with Alzheimer's in America is increasing rapidly. More than 6 million Americans of all ages have Alzheimer's. An estimated 6.5 million Americans age 65 and older are living with Alzheimer's in 2022.

Key features of the study:

• This report provides in-depth analysis of the global medical electrodes market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global medical electrodes market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Koninklijke Philips, Dymedix Diagnostics, Medtronic, CooperSurgical Inc., Cognionics Inc., 3M Company, Nihon Kohden Corporation, CONMED Corp, Ambu A/S, and Natus Medical Incorporated.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global medical electrodes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical electrodes market.

Detailed Segmentation:

• Global Medical Electrodes Market, By Product Type:
• • Surface Electrodes
  • Needle Electrodes
• Global Medical Electrodes Market, By Usability:
• • Disposable Medical Electrodes
  • Reusable Medical Electrodes
• Global Medical Electrodes Market, By Modality Type:
• • Electrocardiography (ECG)
  • Electroencephalography (EEG)
  • Electromyography (EMG)
  • Brainstem Auditory Evoked Potentials (BAEPs)
  • Other Modality Types
• Global Medical Electrodes Market, By Application:
• • Cardiology
  • Neurophysiology
  • Sleep Disorders
  • Intraoperative Monitoring
  • Other Applications
• Global Medical Electrodes Market, By Geography:
• • North America
  • Europe
  • Asia-Pacific (APAC)
  • South America
  • Middle East & Africa (MEA)