The global medical electrodes market is growing at a significant CAGR of around 4.6% during the forecast period (2020-2026). Medical electrodes are rapidly becoming a vital component in every hospital facility, owing to the rising prevalence of CVD (cardiovascular disease)and neurological disorder across the globe. Heart diseases such as CVD, CHD (congenital heart disease), and stroke; among other heart diseases are the leading causes of mortalities across the globe. According to the American Health Association (AHA), in January 2018, around 103 million US adults were suffering from high blood pressure, which is nearly half of all adults in the US. This increases the monitoring and testing of CVD, which in turn, offers growth to the global medical electrodes market. However, there are certain stringent regulations and biocompatibility issues associated with medical electrodes, which in turn, will affect the market growth during the forecast period.
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The medical electrodes market is classified on the basis of usability, product type, modality type, and application. Based on usability, the market is bifurcated into disposable medical electrodes and reusable medical electrodes. Based on product type, the market is segmented into microelectrodes, needle electrodes, and body surface electrodes. Based on modality type, the market is segmented into electrocardiography (ECG), electroencephalography (EEG), electromyography (EMG), and others. Based on application, the market is segregated into cardiology, neurophysiology, sleep disorders, muscle disorders, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Medical Electrodes Market by Usability
- Disposable Medical Electrodes
- Reusable Medical Electrodes
Global Medical Electrodes Market by Product Type
- Microelectrodes
- Needle Electrodes
- Body Surface Electrodes
Global Medical Electrodes Market by Modality Type
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electromyography (EMG)
- Others (Brainstem Auditory Evoked Potentials (BAEPS))
Global Medical Electrodes Market by Application
- Cardiology
- Neurophysiology
- Sleep Disorders
- Muscle Disorders
- Others (Intraoperative Monitoring)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 3M Co.
- Ad-Tech Medical Instrument Corp.
- Ambu A/S
- Cognionics, Inc.
- Compumedics Ltd.
- CONMED Corp.
- EMOTIV, Inc.
- General Electric Co.
- Koninklijke Philips N.V.
- Leonhard Lang GmbH
- Medtronic PLC
- Natus Medical Inc.
- NeuroSky, Inc.
- NeuroWave Systems Inc.
- Nihon Kohden Corp.
- Nikomed
- Nissha Medical Technologies
- Rhythmlink International, LLC
- SOMNOmedicsGmbH
- VectraCor, Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical electrodes market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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