At 4.3% CAGR, Medical Electrodes Market Size Set to Register 2.1 billion USD by 2027

A comprehensive research study on Medical Electrodes market added on Market Study Report provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Medical Electrodes market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Medical electrodes are electronic devices that convert the energy of ionic currents in the body into electrical currents that may be examined and used to diagnose a variety of medical conditions such as cardiovascular. Lead, metal, and an electrode conducting plate makes up the medical electrode.

Global Medical Electrodes Market to reach USD 2.1 billion by 2027. Global Medical Electrodes Market is valued approximately at USD 1.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2021-2027.

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Major market player included in this report are:

  • ZOLL Medical Corporation
  • Cardinal Health
  • Natus Medical, Inc
  • Koninklijke Philips N.V
  • B. Braun Melsungen AG
  • Medtronic PLC
  • CONMED Corporation
  • Compumedics Limited
  • Ambu A/S
  • GE Healthcare

Medical electrodes are used in conjunction with monitoring systems to enable diagnostic and continuous monitoring of patients with a variety of disorders, including cardiology and neurology difficulties. The world’s increasing population is boosting the demand for better access to healthcare and advancement in treatment and growing preference for home & ambulatory care services.

demand for healthcare products and services has surged by a huge margin from 2017, particularly in developed and high-growth countries. For instance, as per Statista from 2017 to 2018, the global demand for healthcare technology is increased by 5.2 percent. Furthermore, The growing number of neurological and cardiovascular diseases.

For instance, Cardiovascular disease (CVD), is a primary cause of mortality and disability worldwide, according to the World Health Organization (WHO). In 2016, 17.9 million people died from cardiovascular disease (CVD), this number is expected to rise to 23.6 million by 2030. However, Increasing cost of medical electrodes, may impede market growth over the forecast period of 2021-2027.

Geographically, North America is dominating in terms of market share in medical electrodes followed by Europe. Factors such as the expanding focus of technological advancement in medical electrodes, the expanding geriatric population, the increasing prevalence of chronic illnesses, and high healthcare spending in this region are all driving to the region’s significant share of the market.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:

Diagnostic Medical Electrodes

Therapeutic Medical Electrodes

By Technology:

Wet Electrodes

Dry Electrodes

Needle Electrodes

By Application:

Cardiology

Neurophysiology

Sleep Disorders

Intraoperative Monitoring (IOM)

Surgical Applications

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Medical Electrodes Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Full Report Summary At: https://www.marketstudyreport.com/reports/global-medical-electrodes-market-by-product-diagnostic-electrodes-therapeutic-electrodes-technology-wet-dry-needle-application-cardiology-neu?utm_source=marketwatch.com&utm_medium=AG

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