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Electrodes for Medical Devices: Global Strategic Business Report

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    Report

  • 182 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2785217

Global Electrodes for Medical Devices Market to Reach $2.2 Billion by 2030

The global market for Electrodes for Medical Devices estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.2 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030. ECG Electrodes, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$502.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the EEG / EMG / ENG Electrodes segment is readjusted to a revised 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $449.4 Million, While China is Forecast to Grow at 6.5% CAGR

The Electrodes for Medical Devices market in the U.S. is estimated at US$449.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$457 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$292.9 Million by the year 2030.

Select Competitors (Total 16 Featured) -

  • 3M Company
  • Ambu A/S
  • CONMED Corporation
  • Leonhard Lang GmbH
  • Medtronic Plc.
  • Natus Medical Inc.
  • Nikomed USA, Inc.
  • Philips Healthcare
  • Prosurg, Inc.
  • Rhythmlink International, LLC
  • Utah Medical Products Inc.
  • ZOLL Medical Corporation

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Electrodes for Medical Devices

What is the estimated value of the Global Market for Electrodes for Medical Devices?

The Global Market for Electrodes for Medical Devices was estimated to be valued at $1.6 Billion in 2022.

What is the growth rate of the Global Market for Electrodes for Medical Devices?

The growth rate of the Global Market for Electrodes for Medical Devices is 4.1%, with an estimated value of $2.2 Billion by 2030.

What is the forecasted size of the Global Market for Electrodes for Medical Devices?

The Global Market for Electrodes for Medical Devices is estimated to be worth $2.2 Billion by 2030.

Who are the key companies in the Global Market for Electrodes for Medical Devices?

Key companies in the Global Market for Electrodes for Medical Devices include 3M Company, Ambu A/S, CONMED Corporation, Leonhard Lang GmbH, Medtronic Plc., Natus Medical Inc., Nikomed USA, Inc., Philips Healthcare, Prosurg, Inc. and Rhythmlink International, LLC.

Table of Contents


I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Electrodes - An Integral Part of Most Medical Electronic Devices
  • Recent Market Activity
  • Current and Future Analysis
  • Expanding Aging Population Spurs Demand
  • Rising Disease Prevalence Fuels Market Growth
  • Portable Devices Drive Growth
  • Electrodes for Medical Devices - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • 3M Company (US)
  • Ambu A/S (Denmark)
  • C.R Bard, Inc. (US)
  • CONMED Corporation (US)
  • Leonhard Lang GmbH (Austria)
  • Medtronic Plc. (Ireland)
  • Natus Medical Incorporated (US)
  • Nikomed USA, Inc. (US)
  • Philips Healthcare (The Netherlands)
  • Prosurg, Inc. (US)
  • Rhythmlink International, LLC (US)
  • Utah Medical Products, Inc. (US)
  • ZOLL Medical Corporation (US)
3. MARKET TRENDS & DRIVERS
  • Growing Shift towards Single Use Electrodes
  • Continued Use of Re-Usable Electrodes - A Cause of Concern
  • Inefficiency of Cleaning Procedures - Studied and Validated
  • Disposable Electrodes Help Stave Off HAIs
  • Re-Use of Single Use Electrode - Not a Safe Proposition
  • Wet Vs Dry Electrodes
  • Electrodes with Hydrogels Gain Popularity
  • Dry Electrodes Garner Significant Attention
  • Ambulatory Healthcare Drives Interest in Dry Electrode Technology
  • Dry Electrodes Overcome Short Circuit Issues in Arrays
  • Hybrid Wet-Dry Electrodes to Address Concerns in Individual Technologies
  • Nanotechnology to Enhance Functionality of Electrodes
  • Conducting Polymers Hold Promise as Effective Electrode Coating to Ease Implantation Procedure
  • Textile Electrodes - An Emerging Area of Interest
  • Popularity of Ag/AgCl as Electrode Material
  • Novel Electrode Backing Materials Enable Longer Application
  • Platinum Gains Popularity as Electrode Material
  • Trends in ECG Monitoring Electrodes
  • Electrodes Play a Pivotal Role in Growing Sophistication of Cardiac Monitoring
  • The Evolution of Electrode Materials in ECG
  • Dry Electrodes for ECG Take Multiple Forms
  • Demand for ECG Electrodes Continue to Rise
  • Dry ECG Electrodes yet to Make a Mark in Clinical Settings
  • A Focus on Issues Related to Use of Gel and Dry Electrodes in ECG
  • Flexible Electrodes Overcome Drawbacks of Solid Electrodes
  • Self-Adhesive Pads Gain Ground over Paddle Electrodes
  • Need for Superior Electrode Technology in Premature Infants Monitoring
  • New Graphene-Based Electrodes for ECG Shows Promise
  • FEEP Promises to Address Conventional Issues with Non-Contact ECG Electrodes
  • Silver Nanowire Dry Electrodes in Holter Monitors - New Research Work Shows Improved Holter’s Efficiency
  • Offset Electrodes Overcome Motion Artifacts
  • Electrodes with Offset Studs Lose Appeal
  • Development of Wearable, Patch Monitors - A Threat to ECG Electrodes
  • Trends in EEG Electrodes
  • Surface Electrodes - The Most Popular EEG Electrode Option
  • Technological Advances in EEG Electrodes
  • Technological Advances in EEG Electrodes
  • Combination Material-Based EEG Electrodes - Most Common and Affordable
  • Defibrillator Electrodes - A Perspective of Historical Design Evolution
  • Disposable EEG Electrodes - Advantages and Disadvantages
  • Growing Popularity of Non-Invasive Techniques to Hamper Prospects of Fetal Scalp Electrodes
  • New, Less-Damaging Soft Electrodes Improve Diagnostic Outcomes in Brain Function
  • Dissolvable Electrodes in Development for Brain Diagnosis
  • New Miniature Ear-borne Electrodes Enable Unobtrusive EEG Recording
  • Competitive Landscape
  • Cardiac Electrodes Market Limited to Few Specialty Players
  • Neurophysiology Segment Witnesses Consolidation
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Electrodes for Medical Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Electrodes for Medical Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 3: World 18-Year Perspective for Electrodes for Medical Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for ECG Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for ECG Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 6: World 18-Year Perspective for ECG Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for TENS Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for TENS Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 9: World 18-Year Perspective for TENS Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Defibrillator Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Defibrillator Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 12: World 18-Year Perspective for Defibrillator Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Pacemaker Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Pacemaker Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 15: World 18-Year Perspective for Pacemaker Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 18: World 18-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Disposable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Disposable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 21: World 18-Year Perspective for Disposable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Reusable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Reusable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 24: World 18-Year Perspective for Reusable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Dry Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Dry Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 27: World 18-Year Perspective for Dry Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Wet Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Wet Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 30: World 18-Year Perspective for Wet Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Needle Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Needle Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 33: World 18-Year Perspective for Needle Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for EEG / EMG / ENG Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for EEG / EMG / ENG Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 36: World 18-Year Perspective for EEG / EMG / ENG Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for Electrosurgical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 38: World Historic Review for Electrosurgical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2021 and % CAGR
  • Table 39: World 18-Year Perspective for Electrosurgical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 40: World Electrodes for Medical Devices Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Electrodes for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Ambu A/S
  • CONMED Corporation
  • Leonhard Lang GmbH
  • Medtronic Plc.
  • Natus Medical Inc.
  • Nikomed USA, Inc.
  • Philips Healthcare
  • Prosurg, Inc.
  • Rhythmlink International, LLC
  • Utah Medical Products Inc.
  • ZOLL Medical Corporation