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Medical Electrodes Market By Product Type, By Application, By Modality: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 210 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640268
The global medical electrodes market was valued at $1,676.2 million in 2021, and is projected to reach $2,387.35 million by 2031, registering a CAGR of 3.6% from 2022 to 2031.

Medical electrodes transfer the ionic current energy into electrical current in the body. These devices are used for diagnosis, treatment, and monitoring of various diseases, including ocular diseases, neurology diseases, cardiac diseases, and muscular disorders. These devices play an important part in early diagnosis of cardiac diseases due to the fact that they quantify the internal ionic current in the body to detect various medical conditions.

Rise in focus on early diagnosis, growth in geriatric population, and increase in burden of cardiology and neurology diseases across the globe drive the growth of the medical electrodes market. Factor, including low biocompatibility of medical electrodes is expected to restrain the market growth. Furthermore, developing nations are expected to provide opportunities for the manufacturers of medical electrodes, due to increase in prevalence of cardiovascular and neurological diseases in the developing countries, such as China and India. Rise in electrode applications through use of nanotechnology augments the demand for electrode in various medical applications. Nanotechnology supports the through miniaturization of these devices, making it portable. In addition, in the U.S., major government agencies, such as the National Eye Institute (NEI), the National Science Foundation (NSF), and the Department of Energy (DE) supports R&D for this sector by increase in government funding. These devices are used to treat diseases, including Parkinson’s disease, Alzheimer’s disease, sinus, and body ache. Rise in incidences of these diseases boosts the demand for electrode medical devices across the globe. Moreover, treatment using devices is of minimally invasive nature whichpropels the growth of this market substantially. In addition, in the U.S., medical reimbursement policies include major medical electrodes, which augment the growth of this market.

The medical electrodes market is segmented on the basis of product type, application, modality, and region. By product type, the market is divided into surface electrodes and needle electrodes. On the basis of application, it is categorized into cardiology, neurophysiology, electrosurgery, intraoperative monitoring, and sleep study. By modality, it is classified motor evoked potentials (MEPS), somatosensory evoked potentials (SSEPS), electrocardiography (ECG), electroencephalography (EEG), brainstem auditory evoked potentials (BAEPs), and visual evoked potentials (VEPs). Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA(Brazil, South Arabia, South Africa, and LAMEA).

The major companies profiled in the report include 3M Company, Ambu A/S, Becton, Dickinson and Company, Cognionics, Inc., ConMed, Cooper Surgical, Inc., DyMedix, Koninklijke Philips N.V., Medtronic, Plc., and Natus Medical Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical electrodes market analysis from 2021 to 2031 to identify the prevailing medical electrodes market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the medical electrodes market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global medical electrodes market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Product Type

  • Surface Electrodes
  • Needle Electrodes

By Application

  • Cardiology
  • Stress test ECG
  • Neonatal ECG
  • Long-term monitoring ECG
  • Short-term monitoring EGG
  • Resting ECG
  • Neurophysiology
  • Electrosurgery
  • Intraoperative Monitoring (IOM)
  • Sleep Study

By Modality

  • Electrocardiography (ECG)
  • Electroencephalography (EEG)
  • Electromyography (EMG)
  • Brainstem auditory evoked potentials (BAEPs)
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • CONMED Corporation
  • 3M Company
  • Koninklijke Philips N.V.
  • Medtronic
  • Natus Medical Incorporated
  • Ambu A/S
  • BD
  • Cognionics Inc.
  • CooperSurgical, Inc.
  • Dymedix

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: MEDICAL ELECTRODES MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Surface Electrodes
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Needle Electrodes
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: MEDICAL ELECTRODES MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Cardiology
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Neurophysiology
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Electrosurgery
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Intraoperative Monitoring (IOM)
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Sleep Study
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: MEDICAL ELECTRODES MARKET, BY MODALITY
6.1 Overview
6.1.1 Market size and forecast
6.2 Electrocardiography (ECG)
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Electroencephalography (EEG)
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Electromyography (EMG)
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Brainstem auditory evoked potentials (BAEPs)
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: MEDICAL ELECTRODES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by Modality
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Product Type
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by Modality
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product Type
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by Modality
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product Type
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by Modality
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by Modality
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Product Type
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by Modality
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Product Type
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by Modality
7.3.5.3 U.K.
7.3.5.3.1 Market size and forecast, by Product Type
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by Modality
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product Type
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by Modality
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product Type
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by Modality
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Product Type
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by Modality
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by Modality
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Product Type
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by Modality
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Product Type
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by Modality
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Product Type
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by Modality
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Product Type
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by Modality
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Product Type
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by Modality
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Product Type
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by Modality
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by Modality
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Product Type
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by Modality
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Product Type
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by Modality
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Product Type
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by Modality
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Product Type
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by Modality
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 CONMED Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 3M Company
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Koninklijke Philips N.V.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Medtronic
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Natus Medical Incorporated
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Ambu A/S
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 BD
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Cognionics Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 CooperSurgical, Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Dymedix
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 2. Medical Electrodes Market Revenue, for Surface Electrodes, by Region, 2021-2031, ($Million)
Table 3. Medical Electrodes Market for Surface Electrodes by Country, 2021-2031, ($Million)
Table 4. Medical Electrodes Market Revenue, for Needle Electrodes, by Region, 2021-2031, ($Million)
Table 5. Medical Electrodes Market for Needle Electrodes by Country, 2021-2031, ($Million)
Table 6. Global Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 7. Medical Electrodes Market Revenue, for Cardiology, by Region, 2021-2031, ($Million)
Table 8. Medical Electrodes Market for Cardiology by Country, 2021-2031, ($Million)
Table 9. Medical Electrodes Market Revenue, for Neurophysiology, by Region, 2021-2031, ($Million)
Table 10. Medical Electrodes Market for Neurophysiology by Country, 2021-2031, ($Million)
Table 11. Medical Electrodes Market Revenue, for Electrosurgery, by Region, 2021-2031, ($Million)
Table 12. Medical Electrodes Market for Electrosurgery by Country, 2021-2031, ($Million)
Table 13. Medical Electrodes Market Revenue, for Intraoperative Monitoring (Iom), by Region, 2021-2031, ($Million)
Table 14. Medical Electrodes Market for Intraoperative Monitoring (Iom) by Country, 2021-2031, ($Million)
Table 15. Medical Electrodes Market Revenue, for Sleep Study, by Region, 2021-2031, ($Million)
Table 16. Medical Electrodes Market for Sleep Study by Country, 2021-2031, ($Million)
Table 17. Global Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 18. Medical Electrodes Market Revenue, for Electrocardiography (Ecg), by Region, 2021-2031, ($Million)
Table 19. Medical Electrodes Market for Electrocardiography (Ecg) by Country, 2021-2031, ($Million)
Table 20. Medical Electrodes Market Revenue, for Electroencephalography (Eeg), by Region, 2021-2031, ($Million)
Table 21. Medical Electrodes Market for Electroencephalography (Eeg) by Country, 2021-2031, ($Million)
Table 22. Medical Electrodes Market Revenue, for Electromyography (Emg), by Region, 2021-2031, ($Million)
Table 23. Medical Electrodes Market for Electromyography (Emg) by Country, 2021-2031, ($Million)
Table 24. Medical Electrodes Market Revenue, for Brainstem Auditory Evoked Potentials (Baeps), by Region, 2021-2031, ($Million)
Table 25. Medical Electrodes Market for Brainstem Auditory Evoked Potentials (Baeps) by Country, 2021-2031, ($Million)
Table 26. Medical Electrodes Market Revenue, for Others, by Region, 2021-2031, ($Million)
Table 27. Medical Electrodes Market for Others by Country, 2021-2031, ($Million)
Table 28. Medical Electrodes Market, by Region, 2021-2031, ($Million)
Table 29. North America Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 30. North America Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 31. North America Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 32. North America Medical Electrodes Market, by Country, 2021-2031, ($Million)
Table 33. U.S. Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 34. U.S. Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 35. U.S. Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 36. Canada Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 37. Canada Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 38. Canada Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 39. Mexico Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 40. Mexico Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 41. Mexico Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 42. Europe Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 43. Europe Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 44. Europe Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 45. Europe Medical Electrodes Market, by Country, 2021-2031, ($Million)
Table 46. Germany Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 47. Germany Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 48. Germany Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 49. France Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 50. France Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 51. France Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 52. U.K. Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 53. U.K. Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 54. U.K. Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 55. Italy Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 56. Italy Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 57. Italy Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 58. Spain Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 59. Spain Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 60. Spain Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 61. Rest of Europe Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 62. Rest of Europe Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 63. Rest of Europe Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 64. Asia-Pacific Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 65. Asia-Pacific Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 66. Asia-Pacific Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 67. Asia-Pacific Medical Electrodes Market, by Country, 2021-2031, ($Million)
Table 68. Japan Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 69. Japan Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 70. Japan Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 71. China Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 72. China Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 73. China Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 74. Australia Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 75. Australia Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 76. Australia Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 77. India Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 78. India Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 79. India Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 80. South Korea Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 81. South Korea Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 82. South Korea Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 83. Rest of Asia-Pacific Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 84. Rest of Asia-Pacific Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 85. Rest of Asia-Pacific Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 86. LAMEA Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 87. LAMEA Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 88. LAMEA Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 89. LAMEA Medical Electrodes Market, by Country, 2021-2031, ($Million)
Table 90. Brazil Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 91. Brazil Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 92. Brazil Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 93. Saudi Arabia Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 94. Saudi Arabia Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 95. Saudi Arabia Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 96. South Africa Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 97. South Africa Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 98. South Africa Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 99. Rest of LAMEA Medical Electrodes Market, by Product Type, 2021-2031, ($Million)
Table 100. Rest of LAMEA Medical Electrodes Market, by Application, 2021-2031, ($Million)
Table 101. Rest of LAMEA Medical Electrodes Market, by Modality, 2021-2031, ($Million)
Table 102. Conmed Corporation: Company Snapshot
Table 103. Conmed Corporation: Operating Segments
Table 104. Conmed Corporation: Product Portfolio
Table 105. Conmed Corporation: Net Sales
Table 106. Conmed Corporation: Key Stratergies
Table 107. 3M Company: Company Snapshot
Table 108. 3M Company: Operating Segments
Table 109. 3M Company: Product Portfolio
Table 110. 3M Company: Net Sales
Table 111. 3M Company: Key Stratergies
Table 112. Koninklijke Philips N.V.: Company Snapshot
Table 113. Koninklijke Philips N.V.: Operating Segments
Table 114. Koninklijke Philips N.V.: Product Portfolio
Table 115. Koninklijke Philips N.V.: Net Sales
Table 116. Koninklijke Philips N.V.: Key Stratergies
Table 117. Medtronic: Company Snapshot
Table 118. Medtronic: Operating Segments
Table 119. Medtronic: Product Portfolio
Table 120. Medtronic: Net Sales
Table 121. Medtronic: Key Stratergies
Table 122. Natus Medical Incorporated: Company Snapshot
Table 123. Natus Medical Incorporated: Operating Segments
Table 124. Natus Medical Incorporated: Product Portfolio
Table 125. Natus Medical Incorporated: Net Sales
Table 126. Natus Medical Incorporated: Key Stratergies
Table 127. Ambu A/S: Company Snapshot
Table 128. Ambu A/S: Operating Segments
Table 129. Ambu A/S: Product Portfolio
Table 130. Ambu A/S: Net Sales
Table 131. Ambu A/S: Key Stratergies
Table 132. Bd: Company Snapshot
Table 133. Bd: Operating Segments
Table 134. Bd: Product Portfolio
Table 135. Bd: Net Sales
Table 136. Bd: Key Stratergies
Table 137. Cognionics Inc.: Company Snapshot
Table 138. Cognionics Inc.: Operating Segments
Table 139. Cognionics Inc.: Product Portfolio
Table 140. Cognionics Inc.: Net Sales
Table 141. Cognionics Inc.: Key Stratergies
Table 142. Coopersurgical, Inc.: Company Snapshot
Table 143. Coopersurgical, Inc.: Operating Segments
Table 144. Coopersurgical, Inc.: Product Portfolio
Table 145. Coopersurgical, Inc.: Net Sales
Table 146. Coopersurgical, Inc.: Key Stratergies
Table 147. Dymedix: Company Snapshot
Table 148. Dymedix: Operating Segments
Table 149. Dymedix: Product Portfolio
Table 150. Dymedix: Net Sales
Table 151. Dymedix: Key Stratergies
LIST OF FIGURES
Figure 1. Medical Electrodes Market Segmentation
Figure 2. Medical Electrodes Market, 2021-2031
Figure 3. Medical Electrodes Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Medical Electrodes Market:Drivers, Restraints and Opportunities
Figure 12. Medical Electrodes Market, by Product Type, 2021 (%)
Figure 13. Comparative Share Analysis of Surface Electrodes Medical Electrodes Market, 2021-2031 (%)
Figure 14. Comparative Share Analysis of Needle Electrodes Medical Electrodes Market, 2021-2031 (%)
Figure 15. Medical Electrodes Market, by Application, 2021 (%)
Figure 16. Comparative Share Analysis of Cardiology Medical Electrodes Market, 2021-2031 (%)
Figure 17. Comparative Share Analysis of Neurophysiology Medical Electrodes Market, 2021-2031 (%)
Figure 18. Comparative Share Analysis of Electrosurgery Medical Electrodes Market, 2021-2031 (%)
Figure 19. Comparative Share Analysis of Intraoperative Monitoring (Iom) Medical Electrodes Market, 2021-2031 (%)
Figure 20. Comparative Share Analysis of Sleep Study Medical Electrodes Market, 2021-2031 (%)
Figure 21. Medical Electrodes Market, by Modality, 2021 (%)
Figure 22. Comparative Share Analysis of Electrocardiography (ECG) Medical Electrodes Market, 2021-2031 (%)
Figure 23. Comparative Share Analysis of Electroencephalography (EEG) Medical Electrodes Market, 2021-2031 (%)
Figure 24. Comparative Share Analysis of Electromyography (Emg) Medical Electrodes Market, 2021-2031 (%)
Figure 25. Comparative Share Analysis of Brainstem Auditory Evoked Potentials (Baeps) Medical Electrodes Market, 2021-2031 (%)
Figure 26. Comparative Share Analysis of Others Medical Electrodes Market, 2021-2031 (%)
Figure 27. Medical Electrodes Market by Region, 2021
Figure 28. U.S. Medical Electrodes Market, 2021-2031 ($Million)
Figure 29. Canada Medical Electrodes Market, 2021-2031 ($Million)
Figure 30. Mexico Medical Electrodes Market, 2021-2031 ($Million)
Figure 31. Germany Medical Electrodes Market, 2021-2031 ($Million)
Figure 32. France Medical Electrodes Market, 2021-2031 ($Million)
Figure 33. U.K. Medical Electrodes Market, 2021-2031 ($Million)
Figure 34. Italy Medical Electrodes Market, 2021-2031 ($Million)
Figure 35. Spain Medical Electrodes Market, 2021-2031 ($Million)
Figure 36. Rest of Europe Medical Electrodes Market, 2021-2031 ($Million)
Figure 37. Japan Medical Electrodes Market, 2021-2031 ($Million)
Figure 38. China Medical Electrodes Market, 2021-2031 ($Million)
Figure 39. Australia Medical Electrodes Market, 2021-2031 ($Million)
Figure 40. India Medical Electrodes Market, 2021-2031 ($Million)
Figure 41. South Korea Medical Electrodes Market, 2021-2031 ($Million)
Figure 42. Rest of Asia-Pacific Medical Electrodes Market, 2021-2031 ($Million)
Figure 43. Brazil Medical Electrodes Market, 2021-2031 ($Million)
Figure 44. Saudi Arabia Medical Electrodes Market, 2021-2031 ($Million)
Figure 45. South Africa Medical Electrodes Market, 2021-2031 ($Million)
Figure 46. Rest of LAMEA Medical Electrodes Market, 2021-2031 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Conmed Corporation.: Net Sales, ($Million)
Figure 54. 3M Company.: Net Sales, ($Million)
Figure 55. Koninklijke Philips N.V. Net Sales, ($Million)
Figure 56. Medtronic.: Net Sales, ($Million)
Figure 57. Natus Medical Incorporated.: Net Sales, ($Million)
Figure 58. Ambu A/S.: Net Sales, ($Million)
Figure 59. Bd.: Net Sales, ($Million)
Figure 60. Cognionics Inc. Net Sales, ($Million)
Figure 61. Coopersurgical, Inc. Net Sales, ($Million)
Figure 62. Dymedix.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Medical Electrodes Market,' the medical electrodes market size was valued at $1.7 billion in 2021, and is estimated to reach $2.4 billion by 2031, growing at a CAGR of 3.6% from 2022 to 2031.

Medical electrodes facilitate the transfer of energy of ionic currents in the body into electrical currents that can be amplified, studied, and used for diagnosis of the medical condition of the patient. Medical electrode comprises lead, metal, and electrode conducting plate. These devices are combined with monitoring systems to provide continuous monitoring of patients suffering from various disorders. These electrodes are used for the diagnosis of several ocular, muscular, cardiac, and nervous diseases.

Factors that drive the medical electrodes market growth include the rise in prevalence of neurological and cardiovascular disorders, rise in number of R&D investments for medical devices, surge in geriatric population. Rising incidence and prevalence of cardiovascular and neurological disorders is one of the major factor propelling the growth of the medical electrodes. The risk of high mortality is very prevalent in such disorders which has resulted in the rise of frequent medical diagnosis of patients which has increased the demand of medical electrodes market. Hence, increasing prevalence of chronic diseases across the globe will significantly drive the market growth. Increase in various government-led favorable policies and rise in focus on minimally invasive surgeries are recently observed medical electrodes market trends. Along with this, the adoption rate is expected to increase owing to the higher affordability and lower risk of cross-contamination. Medical electrodes are easier to use and disposable or reusable in nature, which are increasing their usage during laboratory and clinical applications. Moreover, improvements in the test effectiveness are assisting for the measurement of brain activity at patient’s home.

Furthermore, constant investments by the key players are helping in the development of diagnostic and therapeutic platforms. Major players are constantly coming up with new growth strategies, such as product portfolio expansion, new product launches, acquisitions, and mergers. In September 2021, NeuroOne Medical Technologies Corporation, a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, received the United States Food and Drug Administration (FDA) 510(k) clearance to market its Evo sEEG Electrode technology. Moreover, Natus Medical, Inc. announced their partnership with Holberg EEG AS in 2020. The purpose of the partnership is enhancing and automating the diagnosis of epilepsy, through the development and distribution of AutoSCORE algorithm worldwide. Constant rise in the competition and promising outcomes among leading medical device companies for the approval and commercialization of medical electrodes products in different areas of unmet medical needs are projected to boost the medical electrodes market.

However, the issues of biocompatibility of medical electrodes, strict regulatory guidelines, lengthy and various approval procedures, medical coverages, for each country are creating hindrances for the growth of the market. Moreover, dearth of awareness of the associated technological advancements and benefits of medical electrode devices in some under-developed or developing economies is hampering the medical electrodes market growth.

The medical electrodes industry is segmented on the basis of product type, application, modality, and region. By product type, the market is divided into surface electrodes and needle electrodes. The surface electrodes segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to introduction of new electrode indications.

By application, the market is divided into cardiology, neurophysiology, electrosurgery, intraoperative monitoring, and sleep study. The cardiology segment dominated the market in 2021, and this trend is expected to continue during the forecast period due to increasing prevalence of cardiovascular diseases across the globe.

By modality, the electrocardiography (ECG) segment dominated the market in 2021, and this trend is expected to continue during the forecast period owing to high prevalence of cardiovascular disorders, including coronary artery disease, arrhythmias, and atherosclerosis, which continues to surge.

COVID-19 outbreak negatively impacted the medical electrodes market, due to the fact that most hospitals were shut down, owing to lockdowns in many countries. Spread of COVID-19 led to major public health issues. The market has been impacted by decrease in overall use of medical electrodes, due to decline in volume of diagnostic, elective, and non-essential procedures; reduction in utilization of routine testing; fall in capital spending by customers; and reduction in research activity, due to laboratory closures and reduced clinical testing. Many countries have reopened their economies however, it will take time for the utilization of medical electrodes to reach pre-pandemic levels.

KEY FINDINGS OF STUDY

  • On the basis of product type, the surface electrodes segment was the highest contributor to the market in 2021.
By application, the cardiology segment was the highest contributor to the market in 2021.

On the basis of modality, the electrocardiography segment was the highest contributor to the market in 2021.

On the basis of region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. North America accounted for a majority of the global medical electrodes market share in 2021, and is anticipated to remain dominant during the forecast period due to growing focus of technological advancements in medical electrodes, rising geriatric population, the increasing incidence of chronic diseases, and high healthcare expenditure in the region. Asia-Pacific is anticipated to witness lucrative growth owing to increase in the number of private and public health care facilities in the region.

Companies Mentioned

  • CONMED Corporation
  • 3M Company
  • Koninklijke Philips N.V.
  • Medtronic
  • Natus Medical Incorporated
  • Ambu A/S
  • BD
  • Cognionics Inc.
  • CooperSurgical, Inc.
  • Dymedix

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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