MedicalElectrodes Market - Global Industry Insights, Trends, Size, Share, Outlook,and Opportunity Analysis, 2018-2026
Medical electrodes are devices used to transfer energy ofionic currents into electrical current in the body. The currents passed intothe body is amplified and has proved to be useful in diagnosing variousdiseases. Medical electrodes are noninvasive and comprises a metal, electrodeconducting plate and lead. Medical electrodes progress with quantification ofinternal ionic currents results in diagnosis of nervous, cardiac, ocular andmuscular disorders. The electrode works in combination with the electricalcontact between apparatus and monitoring system, which is used to monitor theactivities of the patient. The diseasesand health conditions treated with help of medical electrodes devices includeAlzheimer’s disease, Parkinson’s disease, body ache, and sinusitis. Medicalelectrodes can be applied to fields of general surgery, fetal monitoring,orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery etc.
Increasing prevalence of cardiology and neurologicaldiseases among the population drives growth of the global medical electrodesmarket
According to The World Health Organization’s estimates in2012, the global geriatric population was pegged at 901 million in 2015, whichis expected to increase over 2 billion by 2050. Geriatric population is highlysusceptible to various cardiology and neurological diseases, thus creating aneed for early diagnosis which can be achieved using medical electrodes.
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Factors that propel growth of themarket are exponential rise in population, higher disease prevalence, minimallyinvasive nature of the treatment, low costs associated with the treatment,compact and effective medical devices. Also, the use of nanotechnology fordeveloping miniaturized electrodes, increased focus on investment, encouragingresearch and development, support from government and private organizations toensure access to quality care for vulnerable population, develop healthcareworkforce and focus on early diagnosis of diseases is expected to boost the globalmedical electrodes market.
The electrosurgical electrodesoffers high precision in therapeutic electrodes segment, is expected to recordhighest growth rate
Rising government interventionsto establish healthcare infrastructure dominates North America in the medicalelectrodes market
Regional segmentation of themedical electrodes market by Coherent Market Insights comprises North America,Europe, Asia-Pacific, Latin America, Middle East, and Africa. According to theAlzheimer’s Association estimates in 2017, 5 million Americans were diagnosedwith Alzheimer’s disease, and the number is expected to rise to over 16 millionby 2050. This creates a highly conducive environment for growth of the medicalelectrodes market in North America, especially for neurological applications.Installation of technologically advanced electrocardiogram (ECG) andelectromyogram (EMG) electrode system, have contributed towards the deploymentand higher sales of the medical electrode devices in North America.
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The medical electrodes industryin Asia Pacific is expected to grow rapidly during the forecast period, owingto rapid development of healthcare facilities, escalated government interventionsto develop compatible and inexpensive devices and rise in disposable income.
Next-generation wearabletechnologies in medical electrode to boost the Medical Electrode Market
Key players operating the globalmedical electrodes market are 3M Company, CONMED, Koninklijke Philips N.V.,Cooper Surgical Inc., Medtronic PLC and C. R. Bard Inc. Pepin. The otherleading manufacturers in the market include Leonhard Lang GmbH, S&W Healthcare,Ad-Tech Medical Instrument Corporation, ZOLL Medical Corporation and AveryDennison Corporation.
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