Medical Electrodes Market: Global Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Medical Electrodes Market: By Product Type (Needle Electrodes, Disposable Electrodes, Surface Electrodes, and Reusable Electrodes), By Modality (Electrocardiography (ECG), Electromyography (EMG), Electroencephalography (EEG), Brainstem Auditory Evoked Potentials (BAEPs), Motor Evoked Potentials (MEPs), and Others), By Application (Cardiology, Neurophysiology, Electrosurgical, and Others), By End User (Hospitals, Diagnostic Centers, Research Institutions), and Geography

 

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Report

Description

Global medical electrodes market valued at USD 2 billion in 2021 and expected to reach USD 2.6 billion by 2027 growing at a CAGR of 4.5% during the forecast period 2021 to 2027. Medical electrodes are the devices transfer the energy of ionic current to electrical energy in the body that can be used for the diagnosis of various diseases such as nervous, cardiac, ocular, and muscular disorders among others. Medical electrode works in combination with electrical contact between the apparatus and monitoring system, which used in monitoring the patient activities. The medical electrodes market is divided into three categories based on technology: dry electrodes, wet electrodes, and needle electrodes. In 2020, the wet electrodes category held the most market share in the global medical electrodes market. The considerable preference for the good signal quality supplied by wet electrodes can be attributed to this segment’s large share. Medical electrodes are divided into disposable and reusable categories based on their utility. The disposable electrodes segment dominated the medical electrodes market in 2020, and the disposable electrodes sector is predicted to increase at a faster rate than the reusable electrodes segment throughout the forecast period. The increased usage of disposable electrodes, which have a minimal risk of cross-contamination and are cost-effective, is responsible for the substantial share of the disposable electrodes segment. The prevalence of neurological and cardiovascular ailments, as well as sleep disorders, has risen dramatically in recent years. As a result, the number of diagnostic and therapy operations performed has increased. As a result, rising demand for these procedures is expected to propel market expansion.

Medical Electrodes Market

MARKET SUMMARY
-
4.5% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 4.5%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Medical Electrodes Market

  • The report on global Medical Electrodes Market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, modality, application, end user and geography.
  • Medical Electrodes Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Koninklijke Philips N.V. (Netherlands)
  • CONMED Corporation (US)
  • Medtronic plc (Ireland)
  • Nihon Kohden Corporation (Japan)
  • Rhythmlink International, LLC (US)
Dynamics

Medical Electrodes Market

Increase in the prevalence of neurophysiological and cardiac disorders such as Alzheimer’s, Parkinson, fibromyalgia, and brain disorders are key drivers for the development of global medical electrode market. Moreover, sophisticated healthcare infrastructure, technological advancements in the medical electrodes, and rise in support from the government and private sectors for R&D activities are anticipated to upsurge the global medical electrodes market over the forecast years. However, stringent regulatory guidelines associated with the medical electrodes and low compatibility issues are expected to restrain the growth of global medical electrodes market.


North-America got significant share

Medical Electrodes Market

Geographically, global medical electrodes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America medical electrodes market is growing due to increase in the prevalence of neuro physiological disorders such as Alzheimer’s disease (according to Alzheimer’s Association 2017, approximately 5 Mn Americans diagnosed with Alzheimer’s disease), sophisticated healthcare infrastructure, and rise in R&D for the development of advanced electrodes are anticipated to fuel the market. Europe medical electrodes market has a lucrative growth, which is attributed to rise in early stage disease diagnosis, increase in funding for life sciences and medical research, and increase in the prevalence of neuro degenerative disorders. However, a significant growth rate observed in Asia Pacific medical electrodes market owing to increase in the medical tourism in Asia Pacific region, rise in geriatric population, which in turn may increase the incidence of neuro degenerative and cardiac disorders in India, China, and Japan and upsurge the market revenue growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenari0

Medical Electrodes Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive Summary
  2. Global Medical Electrodes Market Introduction
    • Global Medical Electrodes Market – Taxonomy
    • Global Medical Electrodes Market –Definitions
      • Product Type
      • Modality
      • Application
      • End User
  1. Global Medical Electrodes Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Electrodes Market Dynamic Factors – Impact Analysis
    • Global Medical Electrodes Market – Competition Landscape
    • Epidemiology
  2. Global Medical Electrodes Market Analysis,2013 – 2017 and Forecast, 2018 – 2024
    • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Medical Electrodes Market, By Product Type, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Needle Electrodes
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Disposable Electrodes
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Surface Electrodes
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Reusable Electrodes
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By Modality,2013 – 2017 and Forecast, 2018 – 2024
    • Electrocardiography (ECG)
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electromyography (EMG)
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electroencephalography (EEG)
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Brainstem Auditory Evoked Potentials (BAEPs)
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Motor Evoked Potentials (MEPs)
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By Application, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Cardiology
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Neurophysiology
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electrosurgical
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By End User, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Diagnostic Centers
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Research Institutions
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Electrodes Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Region, 2018 – 2024
  2. North America Medical Electrodes MarketAnalysis,2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Product Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2016 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Medical Electrodes Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 – 2024
    • North America Medical Electrodes Market Dynamics – Trends
  3. Europe Medical Electrodes Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Product Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Medical Electrodes Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 – 2024
    • Europe Medical Electrodes Market Dynamics – Trends
  4. Asia-Pacific Medical Electrodes Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Product Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Medical Electrodes Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 – 2024
    • Asia-Pacific Medical Electrodes Market Dynamics – Trends
  5. Latin America Medical Electrodes Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Product Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Medical Electrodes Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 – 2024
    • Latin America Medical Electrodes Market Dynamics – Trends
  6. Middle East and Africa Medical Electrodes Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Product Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Medical Electrodes Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 – 2024
    • MEA Medical Electrodes Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Koninklijke Philips N.V. (Netherlands)
      • CONMED Corporation (US)
      • Medtronic plc (Ireland)
      • Nihon Kohden Corporation (Japan)
      • Rhythmlink International, LLC (US)
      • 3M Company (US)
      • General Electric Company (US)
      • Cognionics, Inc. (US)
      • Orbital Research Inc. (US)
      • BIONEN sas (Italy)
  1. Research Methodology
  2. Key Assumptions and Acronyms


Report

Company Profile

  • Koninklijke Philips N.V. (Netherlands)
  • CONMED Corporation (US)
  • Medtronic plc (Ireland)
  • Nihon Kohden Corporation (Japan)
  • Rhythmlink International, LLC (US)
  • 3M Company (US)
  • General Electric Company (US)
  • Cognionics, Inc. (US)
  • Orbital Research Inc. (US)
  • BIONEN sas (Italy)

Description

Global medical electrodes market valued at USD 2 billion in 2021 and expected to reach USD 2.6 billion by 2027 growing at a CAGR of 4.5% during the forecast period 2021 to 2027. Medical electrodes are the devices transfer the energy of ionic current to electrical energy in the body that can be used for the diagnosis of various diseases such as nervous, cardiac, ocular, and muscular disorders among others. Medical electrode works in combination with electrical contact between the apparatus and monitoring system, which used in monitoring the patient activities. The medical electrodes market is divided into three categories based on technology: dry electrodes, wet electrodes, and needle electrodes. In 2020, the wet electrodes category held the most market share in the global medical electrodes market. The considerable preference for the good signal quality supplied by wet electrodes can be attributed to this segment’s large share. Medical electrodes are divided into disposable and reusable categories based on their utility. The disposable electrodes segment dominated the medical electrodes market in 2020, and the disposable electrodes sector is predicted to increase at a faster rate than the reusable electrodes segment throughout the forecast period. The increased usage of disposable electrodes, which have a minimal risk of cross-contamination and are cost-effective, is responsible for the substantial share of the disposable electrodes segment. The prevalence of neurological and cardiovascular ailments, as well as sleep disorders, has risen dramatically in recent years. As a result, the number of diagnostic and therapy operations performed has increased. As a result, rising demand for these procedures is expected to propel market expansion.

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