Electrodes For Medical Devices Market | Contrive Datum Insights

The Global Electrodes for Medical Devices Market Size Was Valued At USD 775.8 Million In 2022 And Is Expected To Grow At A CAGR Of 11.3% Over The Forecast Period 2022-2030.

Electrodes for Medical Devices Market Overview:

A medical electrode is a small metal plate or needle that transmits electrical current from an instrument to a patient for treatment or surgery. In addition, electrodes transmit electrical impulses from the muscles, brain, heart, skin, or other body parts to recording devices to help diagnose certain conditions. There are many types of electrodes, including electrocardiogram (ECG) electrodes, fetal scalp electrodes, EEG electrodes, TENS electrodes for transcutaneous electrical nerve stimulation, and pacemaker electrodes. An EEG helps identify any specific abnormalities in the brain. These brain wave patterns are observed and recorded by using about 10 electrodes in different areas to measure electrical and ion waves or neuronal activity.

Electrodes for Medical Devices market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Electrodes for Medical Devices market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In 2021, the Sticky Pad Surface Electrodes manufactured by Rhythmlink International, LLC (USA) received FDA approval for MR conditions in 1.5 and 3 Tesla MRI environments and can now be used safely and effectively in imaging environments.
• In 2020, Natus Medical, Inc. (USA) entered into a partnership with Holberg EEG AS (Norway). The partnership aims to improve and automate epilepsy diagnosis by developing and distributing the AutoSCORE algorithm globally.
• In 2019, Medtronic (Ireland) entered into a distribution agreement with Alpha Omega (Israel). The agreement is for the sale of Medtronic's surgical navigation products designed specifically for brain surgery.

Major Segments Covered in the Global Electrodes for Medical Devices Market:

Market Key Players:
B. Braun, Johnson & Johnson, GE Healthcare, GSI Technologies, Olympus Corporation, Conmed Corporation, Eschmann Equipment, Graphic Controls, Tianrun Medical, 3M, Ambu, Covidien-Medtronic, Kirwan Surgical, Utah Medical, ZOLL Medical, Shining Health Care, Bovie Medical, Rhythmlink International, Ardiem Medical, Greatbatch Medical, Ad-Tech Medical, Screentec Medical, Kls Martin Group, Erbe Elektromedizin., And Others.

Electrodes for Medical Devices Market by Types:

• Disposable Electrodes
• Reusable Electrodes
• Medical Electrodes
• Blood Gas Electrodes
• Defibrillator Electrodes
• ECG Electrodes
• Other

Electrodes for Medical Devices Market by Applications:

• Hospitals
• Clinics
• Other

Electrodes for Medical Devices Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

North America accounted for more than 40.0% share of the medical electrodes market in 2016 owing to the prevalence of CVD, changing lifestyles of individuals, and the presence of target population in the U.S. and Canada. Together, North America and Europe are expected to boost the growth of this vertical due to the presence of technologically advanced electrodes such as hydrogel and dry electrodes compared to gel electrodes.

Asia Pacific is expected to register a higher CAGR over the forecast period compared to other regions. This can be attributed to the initiatives taken by various governments to create a free and open economy. For example, the Indian government implemented Goods and Services Tax (GST) to avoid cascading effects or double taxation, making it easier to start and expand a business and comply with tax regulations. China's recently introduced economic reforms have promoted a balanced and open economy and have seen significant impacts shaping the global economy in 2016, thereby creating investment opportunities for market players in China.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Factors:

Increased demand for minimally invasive surgery: Medical device electrodes are widely used in minimally invasive surgery. Rising demand for minimally invasive procedures is expected to drive the growth of the electrodes market over the next few years.

Rising prevalence of chronic diseases: Rising prevalence of chronic diseases such as heart disease, stroke, and diabetes has led to an increase in the number of surgical procedures globally. This is expected to increase the demand for medical device electrodes in the coming years.

Technological Advances: The development of new and innovative electrode technologies helps to improve patient outcomes and reduce surgical time. This is driving the growth of the global electrode market.

Growing geriatric population: The geriatric population is growing rapidly across the globe, leading to increased demand for advanced medical devices and procedures, including those using electrodes for medical device sales.

Report Scope of Global Electrodes for Medical Devices Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of Electrodes for Medical Devices market?

The Electrodes for Medical Devices Market is growing at a CAGR of 11.3% During Forecast Period.

 What are the key types and applications of Electrodes for Medical Devices market?

- by Duration of Use, Disposable Electrodes, Reusable Electrodes, by Product Types, Medical Electrodes, Blood Gas Electrodes, Defibrillator Electrodes, ECG Electrodes, Other

- Hospitals, Clinics

Who are the key players in Electrodes for Medical Devices market?

1. Braun, Johnson & Johnson, GE Healthcare, GSI Technologies, Olympus Corporation, Conmed Corporation, Eschmann Equipment, Graphic Controls, Tianrun Medical, 3M, Ambu, Covidien-Medtronic, Kirwan Surgical, Utah Medical, ZOLL Medical, Shining Health Care, Bovie Medical, Rhythmlink International, Ardiem Medical, Greatbatch Medical, Ad-Tech Medical, Screentec Medical, Kls Martin Group, Erbe Elektromedizin., And others.

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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.