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Global Cardiology Electrodes Market, by Product (Resting ECG Electrodes, Short-term Monitoring ECG Electrodes, Long-term Monitoring ECG Electrodes, Stress Test ECG Electrodes, and Neonatal ECG Electrodes), by Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), and Others), by Order Type (Sticky Gel Cardiology Electrodes, Wet Gel Cardiology Electrodes, Dry Cardiology Electrodes, and Solid Gel Cardiology Electrodes), by Usability (Disposable Medical Electrodes and Reusable Medical Electrodes), by Application (Stress Test ECG, Neonatal ECG, Long-term Monitoring ECG, Resting ECG, and Short-term Monitoring EGG), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 76.8 million in 2021, and is expected to exhibit a CAGR of 4.5% during the forecast period (2021-2028).

Rising cases of cardiovascular diseases is expected to drive growth of the global cardiology electrodes market during the forecast period. For instance, according to data provided by the American College of Cardiology Foundation, it was estimated that around 1.05 million people suffered from coronary diseases in the U.S. in 2019. Moreover, according to the Centers for Disease Control and prevention (CDC) report 2020, it is estimated that more than 800,000 people in the U.S. suffer from a heart attack every year.

Growing interest of various private and government organizations in launching initiatives for funding research in the field of cardiovascular diseases is expected to fuel the market growth of global cardiology electrodes over the forecast period. For instance, according to an article published by the Australian Government Department of Health in June 2020, the Australian government made an investment of AUD 29 million (US$ 22 million) in the Medical Research Future Fund’s (MRFF) Cardiovascular Health Mission. This was the first round of investment out of the total AUD 220 million (US$ 167 million) allotted for research in the management of cardiovascular diseases to prevent heart attack and stroke, which are the top most causes of deaths in Australia.

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

COVID-19 outbreak was first reported on December 31, 2019 in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 186 million cases and 4.0 million deaths due to Coronavirus (COVID-19) were reported up till July 11, 2021 across the globe.

The COVID-19 pandemic has affected several markets across the globe however, it is expected to boost the growth of global cardiology electrodes market. For instance, according to an article published by the PubMed Central in December 2020, around 90% of critically ill COVID-19 positive patients suffer from at least one kind of ECG abnormality due to hypoxic injury, plaque rupture, myocardial injury, cytokine storm, and others. These abnormalities can be detected using cardiology electrodes, thus, COVID-19 pandemic is expected to have a positive impact on the growth of cardiology electrodes market.

Browse 37 Market Data Tables and 29 Figures spread through 164 Pages and in-depth TOC on Global Cardiology Electrodes Market, by Product (Resting ECG Electrodes, Short-term Monitoring ECG Electrodes, Long-term Monitoring ECG Electrodes, Stress Test ECG Electrodes, and Neonatal ECG Electrodes), by Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), and Others), by Order Type (Sticky Gel Cardiology Electrodes, Wet Gel Cardiology Electrodes, Dry Cardiology Electrodes, and Solid Gel Cardiology Electrodes), by Usability (Disposable Medical Electrodes and Reusable Medical Electrodes), by Application (Stress Test ECG, Neonatal ECG, Long-term Monitoring ECG, Resting ECG, and Short-term Monitoring EGG), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the Global Cardiology Electrodes Market, click the link below:

 https://www.coherentmarketinsights.com/market-insight/cardiology-electrodes-market-4618

Moreover, launch of new products is expected to drive the global cardiology electrodes market growth over the forecast period. For instance, in November 2019, IDUN Technologies, a Switzerland based medtech startup launched its first product called Dryode which is a soft and waterproof dry electrode to be used in various medical applications such as cardiology to achieve high precision monitoring of electrical impulses generated by the heart.

Key Takeaways of the Cardiology Electrodes Market:

  • The global cardiology electrodes market is expected to exhibit a CAGR of 4.5% over the forecast period (2021-2028). North America is expected to account for major market share over the forecast period (2021-2028) followed by Europe owing to rising product launches. For instance, in March 2020, QT Medical Inc., a U.S. based medical device company launched a low cost ECG test which can be done in the comfort of one’s home. ECG tests comprise of cardiology electrodes thus, these product launches are expected to fuel the growth of cardiology electrodes in North America region over the forecast period. The sticky gel cardiology electrode is expected to be the major market segment in the cardiology electrodes market owing to its user friendly nature and accurate ECG readings.
  • Some of the major players operating in the global cardiology electrodes market include 3M, VectraCor Inc., ADInstruments Pty Ltd., Medico Electrodes International Ltd., Ambu A/S, Asahi Kasei Corporation, Cardinal Health, Nikomed USA Inc., CONMED Corporation, Leonhard Lang USA, Inc., DCC Plc., General Electric Co., Koninklijke Philips N.V., Nissha Co. Ltd., Bio-Protech Inc., and Diagramm Halbach GmbH & Co. KG
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