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Medical Electrodes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 109 Pages
  • September 2022
  • Region: Global
  • IMARC Group
  • ID: 5656611
UP TO OFF until Dec 31st 2022
The global medical electrodes market size reached US$ 1,156 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1,496 Million by 2027, exhibiting a CAGR of 4.39% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A medical electrode is a solid electronic conductor that is used to transfer the ionic current in the body into electric current for biological measurements. It comprises a metal part, lead and an electrode conducting paste and assists in the diagnosis of various nervous, ocular, cardiac and muscular disorders. Depending upon the anatomical location, multiple medical electrodes are used to receive bio-signals such as Electrocardiogram (ECG), electroencephalogram (EEG) and Electromyogram (EMG). Medical professionals highly prefer these electrodes as they are affordable, disposable, sterilizable and easy to administer. Owing to these benefits, they find wide application in various orthopedic, cardiovascular, cosmetic and neurosurgeries in hospitals, diagnostic centers and medical research institutions.

The increasing prevalence of degenerative neurological and cardiological diseases, such as Parkinson's, Alzheimer's, fibromyalgia and various brain disorders, is a key driving factor for the market growth. Furthermore, the rising geriatric population that has created a need for early diagnosis of ailments is also increasing the demand for medical electrodes globally. Also, increasing investments and government support through favorable policies is catalyzing the growth of the market. Owing to these factors, there has been a significant increase in research and development (R&D) to ensure easy access to quality healthcare for the vulnerable population and developing healthcare infrastructure while making it affordable for all. Moreover, technological developments such as advancements in nanotechnology have enabled miniaturization of these electrodes and facilitated their application for various minimally invasive surgeries.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global medical electrodes market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on electrode type, usability, technology, application and end user.

Breakup by Electrode Type:

  • Diagnostic Electrodes
  • Electrocardiogram (ECG) Electrodes
  • Electromyogram (EMG) Electrodes
  • Electroencephalogram (EEG) Electrodes
  • Electronystagmogram (ENG) Electrodes
  • Neonatal Electrodes
  • Fetal Scalp Electrodes
  • Others
  • Therapeutic Electrodes
  • Defibrillator Electrodes
  • Electrosurgical Electrodes
  • Pacemaker Electrodes
  • Transcutaneous Electrical Nerve Stimulation (TENS) Electrodes
  • Others

Breakup by Usability:

  • Disposable Medical Electrodes
  • Reusable Medical Electrodes

Breakup by Technology:

  • Surface Electrodes
  • Needle Electrodes

Breakup by Application:

  • Cardiology
  • Neurophysiology
  • Sleep Disorders
  • Intraoperative Monitoring
  • Others

Breakup by End User:

  • Hospitals
  • Diagnostic Centers
  • Medical Research Institutions
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Medtronic PLC, CONMED, 3M Company, Koninklijke Philips N.V., Ambu A/S, Dymedix Diagnostics, Natus Medical Incorporated, Cognionics Inc., Cooper Surgical Inc., ZOLL Medical Corporation, C. R. Bard Inc., Rhythmlink International company, NeuroSky and GE Healthcare, etc.

Key Questions Answered in This Report:

  • How has the global medical electrodes market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global medical electrodes industry?
  • What has been the impact of COVID-19 on the global medical electrodes industry?
  • What is the breakup of the market based on the electrode type?
  • What is the breakup of the market based on the usability?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the global medical electrodes industry?
  • What are the key driving factors and challenges in the global medical electrodes industry?
  • What is the structure of the global medical electrodes industry and who are the key players?
  • What is the degree of competition in the global medical electrodes industry?
  • What are the profit margins in the global medical electrodes industry?
Frequently Asked Questions about the Global Medical Electrodes Market

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

The Global Medical Electrodes Market was estimated to be valued at $1156 Million in 2021.

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

The growth rate of the Global Medical Electrodes Market is 4.3%, with an estimated value of $1496 Million by 2027.

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

The Global Medical Electrodes Market is estimated to be worth $1496 Million by 2027.

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

Key companies in the Global Medical Electrodes Market include Medtronic PLC, CONMED, 3M Company, Koninklijke Philips N.V., Ambu A/S, Dymedix Diagnostics, Natus Medical Incorporated, Cognionics Inc. and ZOLL Medical Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Electrodes Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Electrode Type
5.5 Market Breakup by Usability
5.6 Market Breakup by Technology
5.7 Market Breakup by Application
5.8 Market Breakup by End User
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Electrode Type
6.1 Diagnostic Electrodes
6.1.1 Market Trends
6.1.2 Market Breakup by Type
6.1.2.1 Electrocardiogram (ECG) Electrodes
6.1.2.2 Electromyogram (EMG) Electrodes
6.1.2.3 Electroencephalogram (EEG) Electrodes
6.1.2.4 Electronystagmogram (ENG) Electrodes
6.1.2.5 Neonatal Electrodes
6.1.2.6 Fetal Scalp Electrodes
6.1.2.7 Others
6.1.3 Market Forecast
6.2 Therapeutic Electrodes
6.2.1 Market Trends
6.2.2 Market Breakup by Type
6.2.2.1 Defibrillator Electrodes
6.2.2.2 Electrosurgical Electrodes
6.2.2.3 Pacemaker Electrodes
6.2.2.4 Transcutaneous Electrical Nerve Stimulation (TENS) Electrodes
6.2.2.5 Others
6.2.3 Market Forecast
7 Market Breakup by Usability
7.1 Disposable Medical Electrodes
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Reusable Medical Electrodes
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Technology
8.1 Surface Electrodes
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Needle Electrodes
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Cardiology
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Neurophysiology
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Sleep Disorders
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Intraoperative Monitoring
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by End User
10.1 Hospitals
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Diagnostic Centers
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Medical Research Institutions
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Europe
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
15.1 Key Price Indicators
15.2 Price Structure
15.3 Margin Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Medtronic PLC
16.3.2 CONMED
16.3.3 3M Company
16.3.4 Koninklijke Philips N.V.
16.3.5 Ambu A/S
16.3.6 Dymedix Diagnostics
16.3.7 Natus Medical Incorporated
16.3.8 Cognionics Inc.
16.3.9 Cooper Surgical Inc.
16.3.10 ZOLL Medical Corporation
16.3.11 C. R. Bard Inc.
16.3.12 Rhythmlink International company
16.3.13 NeuroSky
16.3.14 GE Healthcare
List of Figures
Figure 1: Global: Medical Electrodes Market: Major Drivers and Challenges
Figure 2: Global: Medical Electrodes Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Medical Electrodes Market: Breakup by Electrode Type (in %), 2021
Figure 4: Global: Medical Electrodes Market: Breakup by Usability (in %), 2021
Figure 5: Global: Medical Electrodes Market: Breakup by Technology (in %), 2021
Figure 6: Global: Medical Electrodes Market: Breakup by Application (in %), 2021
Figure 7: Global: Medical Electrodes Market: Breakup by End User (in %), 2021
Figure 8: Global: Medical Electrodes Market: Breakup by Region (in %), 2021
Figure 9: Global: Medical Electrodes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Medical Electrodes Industry: SWOT Analysis
Figure 11: Global: Medical Electrodes Industry: Value Chain Analysis
Figure 12: Global: Medical Electrodes Industry: Porter’s Five Forces Analysis
Figure 13: Global: Medical Electrodes (Diagnostic Electrodes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Medical Electrodes (Diagnostic Electrodes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Medical Electrodes (Therapeutic Electrodes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Medical Electrodes (Therapeutic Electrodes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Medical Electrodes (Disposable Medical Electrodes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Medical Electrodes (Disposable Medical Electrodes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Medical Electrodes (Reusable Medical Electrodes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Medical Electrodes (Reusable Medical Electrodes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Medical Electrodes (Surface Electrodes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Medical Electrodes (Surface Electrodes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Medical Electrodes (Needle Electrodes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Medical Electrodes (Needle Electrodes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Medical Electrodes (Cardiology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Medical Electrodes (Cardiology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Medical Electrodes (Neurophysiology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Medical Electrodes (Neurophysiology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Medical Electrodes (Sleep Disorders) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Medical Electrodes (Sleep Disorders) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Medical Electrodes (Intraoperative Monitoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Medical Electrodes (Intraoperative Monitoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Medical Electrodes (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Medical Electrodes (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Medical Electrodes (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Medical Electrodes (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Medical Electrodes (Diagnostic Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Medical Electrodes (Diagnostic Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Medical Electrodes (Medical Research Institutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Medical Electrodes (Medical Research Institutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Medical Electrodes (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Medical Electrodes (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Medical Electrodes Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Medical Electrodes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Medical Electrodes Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Medical Electrodes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia Pacific: Medical Electrodes Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia Pacific: Medical Electrodes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Middle East and Africa: Medical Electrodes Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Middle East and Africa: Medical Electrodes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Latin America: Medical Electrodes Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Latin America: Medical Electrodes Market Forecast: Sales Value (in Million US$), 2022-2027
List of Tables
Table 1: Global: Medical Electrodes Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Medical Electrodes Market Forecast: Breakup by Electrode Type (in Million US$), 2022-2027
Table 3: Global: Medical Electrodes Market Forecast: Breakup by Usability (in Million US$), 2022-2027
Table 4: Global: Medical Electrodes Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Medical Electrodes Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Medical Electrodes Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Medical Electrodes Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Medical Electrodes Market Structure
Table 9: Global: Medical Electrodes Market: Key Players

Companies Mentioned

  • Medtronic PLC
  • CONMED
  • 3M Company
  • Koninklijke Philips N.V.
  • Ambu A/S
  • Dymedix Diagnostics
  • Natus Medical Incorporated
  • Cognionics Inc.
  • Cooper Surgical Inc.
  • ZOLL Medical Corporation
  • C. R. Bard Inc.
  • Rhythmlink International company
  • NeuroSky and GE Healthcare

Methodology

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