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.
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*Browse 24 market data tables and 28 figures on "Global Medical Electrodes Market” - forecast to 2028
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