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Electrodes For Medical Devices Market Size, Share & Trends Analysis Report By Type (Diagnostics, Therapeutics), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030

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    Report

  • 100 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 5893143
The global electrodes for medical devices market size is expected to reach USD 3.42 billion by 2030. It is expected to expand at a CAGR of 11.2% from 2023 to 2030 The market is anticipated to witness lucrative growth during the forecast period, owing to increasing prevalence of chronic and other diseases such as heart diseases, Parkinson’s Disease (PD), Alzheimer’s disease, brain disorders, Trigeminal Neuralgia (TN or TGN), sinusitis, tinnitus, Raynaud's disease, fibromyalgia, circulatory disturbances, gout, and body ache, across the globe.

Minimally Invasive Surgery (MIS) is one of the advancements in medical technology in which small incisions are made in the body for laparoscopy, endoscopy, arthroscopy, and other surgical procedures. This procedure is gaining popularity owing to faster recovery, lesser postsurgical infections, pain, & major bleeding, reduced scarring, and high accuracy benefits. In 2015, over 20.0 million Americans underwent MIS, which is expected to assist in the growth of this vertical during the forecast period.

Electrodes For Medical Devices Market Report Highlights

  • The diagnostics segment dominated the market in 2022. There has been an increase in the number of cardiovascular, neurological, and sleep disorders in the last few years, which has led to an increase in the number of diagnostics procedures being carried out around the world.
  • Rising prevalence of heart diseases, fetal distress syndrome, ocular diseases, and neurological disorders make extensive use of Electrocardiogram (ECG), Electroencephalogram (EEG), electrosurgical, and fetal scalp electrodes
  • The therapeutics segment is expected to grow at the fastest CAGR during the forecasted period. The therapeutics segment is further classified into pacemakers, Transcutaneous Electrical Nerve Stimulators (TENS), defibrillators, electrosurgical, and others.
  • Defibrillator and electrosurgical electrodes are projected to hold substantial market share over the forecast period. This can be attributed to the advanced development of wearable defibrillator that constantly monitors the cardiac rhythms of the wearer and identifies & notifies the user about the occurrence of any abnormality and helps regain the normal heart functionality
  • North America held the largest revenue share of 42.8% in 2022 due to the increasing prevalence of CVD in the region, the changing lifestyle of individuals, health awareness among people, and the presence of the target audience in the U.S. and Canada.
  • Asia Pacific is expected to grow at the fastest CAGR of 12.7% over the forecast period. This can be attributed to the presence of chronic diseases in the region, government initiatives regarding health awareness & surge in investment in the healthcare sector.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Type
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Source
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Electrodes for Medical Devices Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Industry challenges
3.3.3.1. Challenges
3.4. Electrodes for Medical Devices Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Electrodes for Medical Devices: Type Estimates & Trend Analysis
4.1. Electrodes for Medical Devices Market, Key Takeaways
4.2. Electrodes for Medical Devices Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Diagnostics
4.3.1. Diagnostics market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.1. Electrocardiogram (ECG)
4.3.1.1.1. Electrocardiogram (ECG) market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.2. Electroencephalogram (EEG)
4.3.1.2.1. Electroencephalogram (EEG) market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.3. Electromyogram (EMG)
4.3.1.3.1. Electromyogram (EMG) market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.4. Electroretinogram (ERG)
4.3.1.4.1. Electroretinogram (ERG) market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.5. Fetal Scalp
4.3.1.5.1. Fetal Scalp market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.6. Others
4.3.1.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Therapeutics
4.4.1. Therapeutics market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.1.1. Pacemaker
4.4.1.1.1. Pacemaker market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.1.2. Transcutaneous electrical nerve stimulator
4.4.1.2.1. Transcutaneous electrical nerve stimulator market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.1.3. Defibrillator
4.4.1.3.1. Defibrillator market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.1.4. Electrosurgical
4.4.1.4.1. Electrosurgical market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.1.5. Other
4.4.1.5.1. Other market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Electrodes for Medical Devices Market: Regional Estimates & Trend Analysis
5.1. Regional Outlook
5.2. Electrodes for Medical Devices Market by Region: Key Takeaway
5.3. North America
5.3.1. U.S.
5.3.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.3.2. Canada
5.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4. Europe
5.4.1. UK
5.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.2. Germany
5.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.3. France
5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.4. Italy
5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.5. Spain
5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.6. Sweden
5.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.7. Norway
5.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.8. Denmark
5.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5. Asia Pacific
5.5.1. Japan
5.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.2. China
5.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.3. India
5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.4. Australia
5.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.5. Thailand
5.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.6. South Korea
5.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.6. Latin America
5.6.1. Brazil
5.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.6.2. Mexico
5.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.6.3. Argentina
5.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7. MEA
5.7.1. Saudi Arabia
5.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7.2. South Africa
5.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7.3. UAE
5.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7.4. Kuwait
5.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Market Participant Categorization
6.2.1. 3M
6.2.1.1. Company overview
6.2.1.2. Financial performance
6.2.1.3. Product benchmarking
6.2.1.4. Strategic initiatives
6.2.2. Boston Scientific Corporation
6.2.2.1. Company overview
6.2.2.2. Financial performance
6.2.2.3. Product benchmarking
6.2.2.4. Strategic initiatives
6.2.3. GE Healthcare
6.2.3.1. Company overview
6.2.3.2. Financial performance
6.2.3.3. Product benchmarking
6.2.3.4. Strategic initiatives
6.2.4. Medtronic
6.2.4.1. Company overview
6.2.4.2. Financial performance
6.2.4.3. Product benchmarking
6.2.4.4. Strategic initiatives
6.2.5. Natus Medical Incorporated
6.2.5.1. Company overview
6.2.5.2. Financial performance
6.2.5.3. Product benchmarking
6.2.5.4. Strategic initiatives
6.2.6. Thermo Fisher Scientific Inc
6.2.6.1. Company overview
6.2.6.2. Financial performance
6.2.6.3. Product benchmarking
6.2.6.4. Strategic initiatives
6.2.7. Koninklijke Philips N.V.
6.2.7.1. Company overview
6.2.7.2. Financial performance
6.2.7.3. Product benchmarking
6.2.7.4. Strategic initiatives
6.2.8. Natus Medical Incorporated
6.2.8.1. Company overview
6.2.8.2. Financial performance
6.2.8.3. Product benchmarking
6.2.8.4. Strategic initiatives
6.2.9. X-trodes
6.2.9.1. Company overview
6.2.9.2. Financial performance
6.2.9.3. Product benchmarking
6.2.9.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 3 North America electrodes for medical devices market, by region, 2018 - 2030 (USD Million)
Table 4 U.S. electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 5 Canada electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 6 Europe electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 7 Europe electrodes for medical devices market, by region, 2018 - 2030 (USD Million)
Table 8 UK electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 9 Germany electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 10 France electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 11 Italy electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 12 Spain electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 13 Sweden electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 14 Norway electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 15 Denmark electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 16 Asia Pacific electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 17 Asia Pacific electrodes for medical devices market, by region, 2018 - 2030 (USD Million)
Table 18 Japan electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 19 China electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 20 India electrodes for medical devices market, by type, (USD Million) 2018 - 2030
Table 21 Australia electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 22 Thailand electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 23 South Korea electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 24 Latin America electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 25 Latin America electrodes for medical devices market, by region, 2018 - 2030 (USD Million)
Table 26 Brazil electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 27 Mexico electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 28 Argentina electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 29 Middle East and Africa electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 30 Middle East and Africa electrodes for medical devices market, by region, 2018 - 2030 (USD Million)
Table 31 Saudi Arabia electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 32 South Africa electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 33 UAE electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
Table 34 Kuwait electrodes for medical devices market, by type, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Electrodes for medical devices: Market outlook
Fig. 9 Electrodes for medical devices: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Electrodes for medical devices market driver impact
Fig. 15 Electrodes for medical devices market restraint impact
Fig. 16 Electrodes for medical devices market strategic initiatives analysis
Fig. 17 Electrodes for medical devices market: Type movement analysis
Fig. 18 Electrodes for medical devices market: Type outlook and key takeaways
Fig. 19 Diagnostics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Electrocardiogram (ECG) market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Electroencephalogram (EEG) market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 22 Electromyogram (EMG) market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Electroretinogram (ERG) market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Fetal scalp market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Therapeutics market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 Pacemaker market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Transcutaneous electrical nerve stimulator (TENS) market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Defibrillator market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Electrosurgical market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Other market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Global electrodes for medical devices market: Regional movement analysis
Fig. 33 Global electrodes for medical devices market: Regional outlook and key takeaways
Fig. 34 North America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 U.S. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Canada market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Europe market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 UK market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Germany market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 France market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Italy market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Spain market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Sweden market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Norway market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Denmark market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Asia Pacific market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Japan market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 China market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 India market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Australia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Thailand market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 South Korea market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Latin America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 Brazil market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Mexico market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 Argentina market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 Middle East and Africa market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 Saudi Arabia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 59 South Africa market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 60 UAE market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 61 Kuwait market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Mentioned

  • 3M
  • Boston Scientific Corporation
  • GE Healthcare
  • Medtronic
  • Natus Medical Incorporated
  • Thermo Fisher Scientific Inc
  • Koninklijke Philips N.V.
  • Natus Medical Incorporated
  • X-trodes

Methodology

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Table Information