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(Health-NewsWire.Net, April 16, 2020 ) A number of factors such as rising incidence and prevalence of neurological and cardiovascular disorders, increasing investments in medical device research, and growing preference for home and ambulatory healthcare are driving the growth of medical electrodes market. In addition, emerging markets such as China, India, and Brazil are expected to offer significant growth opportunities for players operating in the market.
Medical Electrodes Market by Usability (Disposable, Reuse), Technology (Dry Electrodes, Wet, Needle), Diagnostic Procedures (ECG, EEG, EMG, EOG, ERG), Application (Cardio, Neurophysiology, Sleep Disorders, Intraoperative).
The medical electrodes market was valued at USD 560.8 Million in 2016 and is projected to reach USD 732.4 Million by 2022, at a CAGR of 4.7%.
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Global Medical Electrodes Market is Segmented on:
1. Technology
2. Diagnostic Procedures
3. Applications
Applications of Medical Electrodes Industry Market:
On the basis of application, the market is further segmented into cardiology, neurophysiology, sleep disorders, intraoperative monitoring, and other applications. The cardiology segment is expected to witness the highest growth in the forecast period. The large share of this segment can primarily be attributed to factors such as the increasing prevalence of cardiovascular diseases (CVD), growing geriatric population, rising cardiovascular health awareness, and technological innovations in diagnostics tools and monitoring techniques.
Geographic Growth Analysis:
North America is expected to dominate the Medical Electrodes market. Factors such as growing focus on innovative technologies, rising geriatric population, and increasing awareness about the benefits of early disease diagnosis and high healthcare expenditure in the US and Canada are the major factors supporting the growth of market.
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Key Players:
The Medical Electrodes market is highly competitive with the presence of various players. Some of the major players operating in the market are 3M Company (US), Medtronic (Ireland), Ambu (US), Natus Medical Incorporated (US), Rhythmlink International, LLC (US), Koninklijke Philips N.V. (Netherlands), Cognionics, Inc. (US), CONMED Corporation (US), Leonhard Lang GmbH (acquired by DCC plc), and Nihon Kohden Corporation (Japan).
MarketsandMarkets™
Mr. Sanjay Gupta
1-888-600-6441
raviraj.tak@marketsandmarkets.com
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