Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Intraoperative monitoring electrodes offer useful, real-time ECG data during various mapping or monitoring procedures and are used to transfer energy of ionic currents into electrical current in the body. The currents passed into the body are amplified and used for diagnosis of various diseases. These electrodes are specifically used in neurological surgery to assess function of the somatosensory pathways during surgical procedures in which the spinal cord, brainstem or cerebrum is at risk of getting injured and to localize the sensorimotor cortex.

The global intraoperative monitoring electrodes market is estimated to be valued at US$ 469.3 million in 2020 and is expected to exhibit a CAGR of 7.1% during the forecast period (2020-2027).

Figure 1. Global Intraoperative Monitoring Electrodes Market Share (%) in Terms of Value, By Region, 2019

Intraoperative Monitoring Electrodes  | Coherent Market Insights

The increasing incidence of cardiovascular and neurological disorders is expected to drive demand for intraoperative monitoring electrodes for monitoring diseases.

The rising incidence of cardiovascular and neurological disorders is expected to drive growth of the global intraoperative monitoring electrodes market during the forecast period.

According to the American Heart Association, in 2016, stroke was the leading cause of death in the U.S. with around 2.7 million people in the country living with atrial fibrillation and around 800,000 suffering a stroke, annually, due to block or bursts in the blood vessel that supplies blood to the brain. Therefore, the increasing prevalence of atrial fibrillation is expected to boost growth of the global intraoperative monitoring electrodes market during the forecast period.

According to data published by the Alzheimer’s Association in 2017, around 5.5 million people in the U.S. suffer from Alzheimer’s disease.

Figure 2. Global Intraoperative Monitoring Electrodes Market Share (%), by Type of Electrode, 2020

Intraoperative Monitoring Electrodes  | Coherent Market Insights

The rising demand for minimally invasive procedures is expected to drive growth of the global intraoperative monitoring electrodes market during the forecast period.

Minimally invasive procedures are much less traumatic than conventional open surgeries. Traditional surgeries performed with conventional laparoscopic instruments can be traumatic and complex. Minimally invasive laparoscopic cameras are inserted through smaller incisions and specialized smaller instruments are used to perform the operation. The healing process is less painful and patients can recover faster after minimally invasive surgeries.

Minimally invasive surgical (MIS) instruments are transforming constantly due to innovations and advancements in cardiac, orthopedic, ophthalmic, neurological, and oral surgical procedures. Technological advancements provide higher-quality instruments that allow surgeons to perform surgical interventions efficiently without sacrificing patients' safety. The improved product designs provide a level of control and accuracy in the operating room.

Major advantages of minimal invasive surgeries include reduced healthcare cost, reduced recovery time, and lesser chance of hospital acquired infections. These factors are expected to drive the growth of the global intraoperative monitoring electrodes market during the forecast period.

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Intraoperative Monitoring Electrodes Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 469.3 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.1% 2027 Value Projection: US$ 756.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Procedure: Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), Others.
  • By Usability: Disposable Electrode, Reusable Electrode.
  • By Type of Electrode: Wet Electrode, Dry Electrode, Needle Electrode.
  • By End User: Hospitals, Ambulatory Surgical Centers, Specialty Centers.
Companies covered:

DIXI Medical, Ambu A/S, Blackrock Microsystems LLC, Digitimer Ltd., Cognionics, Inc., Rhythmlink International, LLC, Unimed Electrode Supplies, 3M Company, NuVasive, Inc., Computational Diagnostics, Inc., and Natus Medical Incorporated.

Growth Drivers:
  • The increasing incidence of cardiovascular and neurological disorders
  • Rising demand for minimally invasive procedures
Restraints & Challenges:
  • Risk of needle-stick injuries associated with use of sub-dermal needle electrodes

Global Intraoperative Monitoring Electrodes Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries around the globe with the World Health Organization declaring it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in more than 28.2 million infected individuals worldwide as of September 11, 2020.

Supply chain and manufacturing activities in India, Italy, Spain, U.K. and the U.S. have been disrupted due to the lockdowns implemented by governments in the past few months, while countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of intraoperative monitoring electrodes. The coronavirus or COVID-19 outbreak that started from Wuhan, China, has spread across continents, affecting various industries globally. Supply of key materials has been severely disrupted due to forced quarantine and lack of labor and raw materials. As the link between regional warehouses is not smooth, the allocation of raw materials between regions cannot be carried out successfully; this shortage of raw material and components has affected the supply chain of the global intraoperative monitoring electrodes market.

Moreover, key players such as Ambu A/S are developing and commercializing single-use medical devices which play an important role in modern health care and help in flattening the curve of COVID-19 spread.

Global Intraoperative Monitoring Electrodes Market: Restraints

Risk of needle-stick injuries associated with use of sub-dermal needle electrodes during intraoperative monitoring is expected to limit adoption of intraoperative monitoring electrodes during the forecast period. For instance, according to data published in the Journal of Neurosurgical Anesthesiology in January 2014, certain measures are required to minimize the use of needle sticks which are used during intraoperative neurophysiologic monitoring (IONM). Moreover, blood-borne diseases that could be transmitted by a needlestick are human immunodeficiency virus (HIV), hepatitis B (HBV) and hepatitis C (HCV).

Thus, high risk of transmission of chronic diseases by using sub-dermal needle electrodes is expected to hamper the global intraoperative monitoring electrodes market growth during the forecast period.

Key Players

Major players operating in the global intraoperative monitoring electrodes market are DIXI Medical, Ambu A/S, Blackrock Microsystems LLC, Digitimer Ltd., Cognionics, Inc., Rhythmlink International, LLC, Unimed Electrode Supplies, 3M Company, NuVasive, Inc., Computational Diagnostics, Inc., and Natus Medical Incorporated.

An intraoperative monitoring electrodes passes on the current energy into electrical energy in the body and is utilized as a way of diagnosing several sicknesses. An Intraoperative monitoring electrodes are known solutions for the treatment of ocular, nervous, cardiovascular, and muscular illness. The rising incidence of illnesses that are diagnosed with the support of intraoperative monitoring electrodes is likely to boost the global intraoperative monitoring electrodes market growth in the coming years.

Market Dynamics

Novel product launches and adoption of inorganic growth strategies such as acquisitions and collaborations by key players are expected to drive the market growth during the forecast period. In December 2017, NuVasive, Inc. acquired SafePassage, a privately-held provider of intraoperative neurophysiological monitoring (IONM) services. As a result of this acquisition, NuVasive Clinical Services (NCS) solidified its position as the largest provider of outsourced IONM services with more than 550 neurophysiologists and oversight physicians in the U.S.

Key features of the study:

  • This report provides in-depth analysis of the global intraoperative monitoring electrodes market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2020–2027), considering 2019 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 intraoperative monitoring electrodes market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study are DIXI Medical, Ambu A/S, Blackrock Microsystems LLC, Digitimer Ltd., Cognionics, Inc., Rhythmlink International, LLC, Unimed Electrode Supplies, 3M Company, NuVasive, Inc., Computational Diagnostics, Inc., and Natus Medical Incorporated
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, type up-gradation, market expansion, and marketing tactics
  • The global intraoperative monitoring 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 intraoperative monitoring electrodes market

Detailed Segmentation:

  • Global Intraoperative Monitoring Electrodes Market, By Procedure:
    • Electrocardiography (ECG)
    • Electroencephalography (EEG)
    • Electromyography (EMG)
    • Others
  • Global Intraoperative Monitoring Electrodes Market, By Usability:
    • Disposable Electrode
    • Reusable Electrode
  • Global Intraoperative Monitoring Electrodes Market, By Type of Electrode:
    • Wet Electrode
    • Dry Electrode
    • Needle Electrode
  • Global Intraoperative Monitoring Electrodes Market, By End User:
    • Hospitals
    • Ambulatory surgical centers
    • Specialty Centers
  • Global Intraoperative Monitoring Electrodes Market, By Region:
    • North America
      • By Procedure:
        • Electrocardiography (ECG)
        • Electroencephalography (EEG)
        • Electromyography (EMG)
        • Others
      • By Usability:
        • Disposable Electrode
        • Reusable Electrode
      • By Type of Electrode:
        • Wet Electrode
        • Dry Electrode
        • Needle Electrode
      • By End User:
        • Hospitals
        • Ambulatory surgical centers
        • Specialty Centers
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Procedure:
        • Electrocardiography (ECG)
        • Electroencephalography (EEG)
        • Electromyography (EMG)
        • Others
      • By Usability:
        • Disposable Electrode
        • Reusable Electrode
      • By Type of Electrode:
        • Wet Electrode
        • Dry Electrode
        • Needle Electrode
      • By End User:
        • Hospitals
        • Ambulatory surgical centers
        • Specialty Centers
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Procedure:
        • Electrocardiography (ECG)
        • Electroencephalography (EEG)
        • Electromyography (EMG)
        • Others
      • By Usability:
        • Disposable Electrode
        • Reusable Electrode
      • By Type of Electrode:
        • Wet Electrode
        • Dry Electrode
        • Needle Electrode
      • By End User:
        • Hospitals
        • Ambulatory surgical centers
        • Specialty Centers
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Procedure:
        • Electrocardiography (ECG)
        • Electroencephalography (EEG)
        • Electromyography (EMG)
        • Others
      • By Usability:
        • Disposable Electrode
        • Reusable Electrode
      • By Type of Electrode:
        • Wet Electrode
        • Dry Electrode
        • Needle Electrode
      • By End User:
        • Hospitals
        • Ambulatory surgical centers
        • Specialty Centers
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Procedure:
        • Electrocardiography (ECG)
        • Electroencephalography (EEG)
        • Electromyography (EMG)
        • Others
      • By Usability:
        • Disposable Electrode
        • Reusable Electrode
      • By Type of Electrode:
        • Wet Electrode
        • Dry Electrode
        • Needle Electrode
      • By End User:
        • Hospitals
        • Ambulatory surgical centers
        • Specialty Centers
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Procedure:
        • Electrocardiography (ECG)
        • Electroencephalography (EEG)
        • Electromyography (EMG)
        • Others
      • By Usability:
        • Disposable Electrode
        • Reusable Electrode
      • By Type of Electrode:
        • Wet Electrode
        • Dry Electrode
        • Needle Electrode
      • By End User:
        • Hospitals
        • Ambulatory surgical centers
        • Specialty Centers
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • DIXI Medical *
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Ambu A/S
    • Blackrock Microsystems LLC
    • Digitimer Ltd.
    • Cognionics, Inc.
    • Rhythmlink International, LLC
    • Unimed Electrode Supplies
    • 3M Company
    • NuVasive, Inc.
    • Computational Diagnostics, Inc.
    • Natus Medical Incorporated

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Procedure
      • Market Snippet, By Usability
      • Market Snippet, By Type of Electrode
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Recent Product Approval/Launch
    • Technological Advancements
    • Regulatory Scenario
    • Reimbursement Scenario
    • Epidemiology
    • Brand Analysis
    • PEST Analysis
    • Porter’s Analysis
    • Mergers, Acquisitions, Collaboration, and Partnership
  4. Global Intraoperative Monitoring Electrodes Market – Impact of Coronavirus (COVID-19) Pandemic
    • Economic Impact
    • Supply and Demand Analysis
    • Research and Development
  5. Global Intraoperative Monitoring Electrodes Market, By Procedure, 2016 – 2027, (US$ Mn and No. of Procedures)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Electrocardiography (ECG)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn and No. of Procedures)
    • Electroencephalography (EEG)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn and No. of Procedures)
    • Electromyography (EMG)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn and No. of Procedures)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn and No. of Procedures)
  6. Global Intraoperative Monitoring Electrodes Market, By Usability, 2016 – 2027, (US$ Million and No. of Units)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Disposable Electrode
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
    • Reusable Electrode
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
  7. Global Intraoperative Monitoring Electrodes Market, By Type of Electrode, 2016 – 2027, (US$ Million and No. of Units)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Wet Electrode
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
    • Dry Electrode
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
    • Needle Electrodes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
  8. Global Intraoperative Monitoring Electrodes Market, By End User, 2016 – 2027, (US$ Million and No. of Units)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
    • Specialty Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and No. of Units)
  9. Global Intraoperative Monitoring Electrodes Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Procedure, 2016 – 2027, (US$ Mn and No. of Procedures)
      • Market Size and Forecast, By Usability, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Type of Electrode, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn and No. of Procedures)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Procedure, 2016 – 2027, (US$ Mn and No. of Procedures)
      • Market Size and Forecast, By Usability, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Type of Electrode, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn and No. of Procedures)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Procedure, 2016 – 2027, (US$ Mn and No. of Procedures)
      • Market Size and Forecast, By Usability, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Type of Electrode, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn and No. of Procedures)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Procedure, 2016 – 2027, (US$ Mn and No. of Procedures)
      • Market Size and Forecast, By Usability, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Type of Electrode, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Countr, 2016 – 2027, (US$ Mn and No. of Procedures)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Procedure, 2016 – 2027, (US$ Mn and No. of Procedures)
      • Market Size and Forecast, By Usability, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Type of Electrode, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn and No. of Procedures)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Procedure, 2016 – 2027, (US$ Mn and No. of Procedures)
      • Market Size and Forecast, By Usability, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By Type of Electrode, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million and No. of Units)
      • Market Size and Forecast, By /Region, 2016 – 2027, (US$ Mn and No. of Procedures)
        • South Africa
        • Central Africa
        • North Africa
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • DIXI Medical *
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ambu A/S
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Blackrock Microsystems LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Digitimer Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cognionics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Rhythmlink International, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Unimed Electrode Supplies
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • 3M Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NuVasive, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Computational Diagnostics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Natus Medical Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 289 market data tables and 35 figures on "Intraoperative Monitoring Electrodes Market” - Global forecast to 2027

Frequently Asked Questions

The global intraoperative monitoring electrodes market size is estimated to be valued at US$ 469.3 million in 2020 and is expected to exhibit a CAGR of 7.1% between 2020 and 2027.
The increasing incidence of cardiovascular and neurological disorders and rising demand for minimally invasive procedures is expected to drive the market growth during the forecast period.
Wet electrode segment is expected to hold the major market share owing to product approvals and launches during the forecast period.
North America holds the largest market share in the global intraoperative monitoring electrodes market.
Major factors hampering growth of the market include risk of needle-stick injuries associated with use of sub-dermal needle electrodes during intraoperative monitoring.
Major players operating in the global intraoperative monitoring electrodes market are DIXI Medical, Ambu A/S, Blackrock Microsystems LLC, Digitimer Ltd., Cognionics, Inc., Rhythmlink International, LLC, Unimed Electrode Supplies, 3M Company, NuVasive, Inc., Computational Diagnostics, Inc., and Natus Medical Incorporated.
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