The global medical electrodes market was valued at USD 1.9 billion in 2021 and it is anticipated to grow further to USD 2.6 billion by 2031, at a CAGR of 3.2% during the forecast period.
Global Medical Electrodes Market report from Global Insight Services is the single authoritative source of intelligence on Medical Electrodes Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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A medical electrode is a tiny metal plate or needle that transfers electricity from a device to a patient for therapy or surgery. Additionally, electrodes transfer electrical impulses from the heart, brain, skin, muscles, and other regions of the body to recording equipment to aid in the diagnosis of specific disorders. Electrodes come in a variety of forms, including those used for electrocardiography (ECG), foetal scalp electrograms, electroencephalograms, transcutaneous electrical nerve stimulation (TENS), and pacemaker electrodes. The detection of any specific irregularities in the brain is aided by electroencephalography. By placing about 10 electrodes in various locations for the monitoring of electrical and ionic waves or neuronal activity, these brain wave patterns are detected and recorded.
Market Trends and Drivers
Over time, there has been a dramatic rise in the prevalence of sleep disorders, cardiovascular and neurological ailments. The volume of diagnostic and therapeutic operations has consequently increased. Because of this, market expansion is probably being driven by the rising demand for these operations. For instance, cardiovascular disease (CVD) is a major cause of death and disability worldwide, according to the World Health Organization (WHO). Globally, 17.9 million CVD-related deaths were reported in 2016; by 2030, this number is expected to rise to 23.6 million.
Market Restraints and Challenges
Government restrictions that come with the approval of these devices limit commercial expansion. Additionally, the rise of this market during the projection period is hampered by some underdeveloped or developing countries’ lack of knowledge about the benefits and associated technological advancements of such devices.
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Major Players in the Global Medical Electrodes Market
The key players studied in the report are Cardinal Health (US), 3M (US), ZOLL Medical Corporation (US), Medtronic (Ireland), Ambu A/S (Denmark), Natus Medical, Inc. (US), Koninklijke Philips N.V. (Netherlands), B. Braun Melsungen AG (Germany), CONMED Corporation (US), GE Healthcare (US), Cognionics, Inc. (US), Nihon Kohden Corporation (Japan), Rhythmlink International, LLC (US), Compumedics Limited (Australia), and Nissha Medical Technologies (Japan) among others.
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