Medical
Electrode Market accounted for
US$ 1.63 billion in 2020 and is estimated to be US$ 2.49 billion by 2030 and is
anticipated to register a CAGR of 4.3%. Medical industry deploys several sorts
of electrodes like electrocardiography (ECG) electrodes, fetal scalp
electrodes, electroencephalography electrodes, transcutaneous electrical nerve
stimulation TENS electrodes, pacemaker electrodes et al. across the world. An
electrode may be a medical device capable of transferring ionic current energy
into electrical current within the body which will be amplified to treat also
as diagnose several ailments and life threatening conditions. With an increase
within the global anticipation level and burgeoning population, number of
chronic and severe disease statistics has witnessed an exponential rise in past
decade itself. Average annual mortality thanks to other neurological diseases
was 18.8/100,000, including Alzheimer's disease and other dementias 7.1/100,000
and paralysis agitans 1.7/100,000. Migraine ranked 8th, epilepsy 20th and
Alzheimer's disease 24th during a table demonstrating prevalence of all
diseases measured in years lived with disability. With such an exponential rise
in population and disease prevalence, the demand for affordable, compact and
effective medical device have grown in past.
The report “Global Medical Electrodes Market, By Product Type
(Surface Electrodes and Needle Electrodes), By Usability (Disposable Medical
Electrodes and Reusable Medical Electrodes), By Modality Type
(Electrocardiography (ECG), Electroencephalography (EEG), Electromyography
(EMG), Brainstem Auditory Evoked Potentials (BAEPS), and Other Modality Types),
By Application (Cardiology, Neurophysiology, Sleep Disorders, Intraoperative
Monitoring, and Other Applications), and By Region (North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and
Forecast till 2030”
Key Highlights:
·
In 2021, Merck
Specialties Pvt ltd, the healthcare business of Merck in India, launched
Pergoveris Pen for advanced infertility treatment in India. This launch
emphasizes the company’s motive of fulfilling unmet medical needs by providing
an improved, convenient, and ready-to-use combination treatment option for
women with a severe follicle-stimulating hormone (FSH) and luteinizing hormone
(LH) deficiency.
·
In 2020, Natus Medical, Inc.
(US) entered into a partnership with Holberg EEG AS (Norway). This partnership
aims to improve and automate the diagnosis of epilepsy by developing and
distributing an AutoSCORE algorithm worldwide.
Analyst View:
The incidence of neurological &
cardiovascular diseases and sleep disorders has significantly increased over
the years. This increase has, in turn, driven the quantity of diagnostic and
treatment procedures conducted. Thus, the increasing demand for these
procedures is probably going to drive market growth. As an example, consistent
with the planet Health Organisation (WHO), disorder (CVD) may be a leading
explanation for death and disability worldwide. Globally, 17.9 million deaths
thanks to CVD were reported in 2016; this figure is projected to extend to 23.6
million deaths by 2030.
Before purchasing this report, request a sample or make an inquiry
by clicking the following link:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3782
Key Market Insights from the report:
The Global Medical Electrode Market accounted for
US$ 1.63 billion in 2020 and is estimated to be US$ 2.49 billion by 2030 and is
anticipated to register a CAGR of 4.3%. The global medical Electrode market is
segmented into product type, usability, modality type, application, and region.
·
By Product
Type, the Global Medical Bed Market is segmented into surface electrodes and
needle electrodes.
·
By Usability,
the Global Medical Bed Market is segmented into disposable medical electrodes
and reusable medical electrodes.
·
By Modality
Type, the Global Medical Bed Market is segmented into modality type, the target
market is classified into electrocardiography (ECG), electroencephalography
(EEG), electromyography (EMG), brainstem auditory evoked potentials (BAEPS),
and other modality types.
·
By Application,
the Global Medical Bed Market is segmented into cardiology, neurophysiology,
sleep disorders, intraoperative monitoring, and other applications.
·
By region, the
Global Medical Bed Market is segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa. North America has the largest market in terms of
revenue due to high healthcare spending in the region as well as increasing
chronic disease patient base in the region.
Competitive Landscape:
The key players operating the global medical
electrodes market involves 3M Compnay, Cognionics, Inc., Ambu A/S, CONMED
Corporation, Dymedix, Koninklijke Philips NV, Medtronic Plc, Natus Medical
Incorporated, Cooper Surgical Inc., and Nihon Kohden Corporation.
The market provides detailed information
regarding the industrial base, productivity, strengths, manufacturers, and
recent trends which will help companies enlarge the businesses and promote
financial growth. Furthermore, the report exhibits dynamic factors including
segments, sub-segments, regional marketplaces, competition, dominant key
players, and market forecasts. In addition, the market includes recent
collaborations, mergers, acquisitions, and partnerships along with regulatory
frameworks across different regions impacting the market trajectory. Recent
technological advances and innovations influencing the global market are
included in the report.
