Medical Electrodes Market: Global Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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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

Medical Electrodes Market size is valued at USD 1,842.7 million in 2021 and is expected to grow at a significant CAGR of 3.9% during the forecast period 2022 to 2028. The global market provides a detailed overview and which can be segmented by product type, modality, application, end user, and region. By product type, the Medical Electrodes market has been segmented into needle electrodes, disposable electrodes, surface electrodes, and reusable electrodes. By product type, the surface electrodes segment is expected to dominate the market during the forecast period due to the continuous introduction of new electrode indications, which is cost-effective and more precisely working procedures. By modality, the Medical Electrodes market has been segmented into an electrocardiography (ECG), electromyography (EMG), electroencephalography (EEG), brainstem auditory evoked potentials ((BAEPs), motor evoked potentials (MEPs), and others. By modality, the electrocardiography (ECG) segment dominated the market in 2021, and this trend is expected to continue during the coming next few years owing to the high prevalence of cardiovascular disorders, including coronary artery disease, arrhythmias, and atherosclerosis. By application, the Medical Electrodes market has been segmented into cardiology, neurophysiology, electrosurgical, and others. By application, the cardiology segment dominated the market in the past few years, and this trend is expected to continue during the forecast period owing to the increasing incidences of cardiovascular diseases worldwide. Based on the end user, the segment has been segregated into hospitals, diagnostic centers, research institutions. The hospital segment is estimated to hold maximum shares owing to the increasing adoption of these electrodes through ECG devices in hospital settings. Hospitals witness a large number of patient pools arriving at these settings for the diagnosis of several chronic diseases such as cardiovascular disorders, and neurological diseases, among others. The increasing adoption of ECG and EEG instruments in hospitals surely boosts the growth of this segment, consequently medical electrodes market will have a chance to expand globally.

Key Development:

In June 2021, Merck, a science and technology company collaborated with Neuroloop GmbH, a subsidiary of B. Braun in its new bioelectronics’ innovation field. With the help of this collaboration, companies can develop a neurostimulator device which can be accompanied by the existing drug therapies for patients with chronic inflammatory diseases. The fundamental of the platform is a multichannel cuff-electrode based on thin-film technology, which allows selective stimulation of specific fibers within the nerve.

In December 2020, NeuroOne Medical Technologies Corporation, a medical technology company announced the first human commercial use of its Evo Cortical Electrode.

Medical Electrodes Market

MARKET SUMMARY
-
3.9%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 3.9%
  • 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.
  • The 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)
Medical Electrodes Market Drivers

Rising prevalence of degenerative neurological and cardiological diseases, such as Parkinson’s, Alzheimer’s, fibromyalgia, and various brain disorders, is a key driving factor for the market growth. Moreover, an increasing geriatric population that has created a need for early diagnosis of ailments is also enhancing the demand for medical electrodes globally. Also, increasing investments and government support through favorable policies is further catalyzing the growth of the market.


North-America Got Significant Share

Medical Electrodes Market

North America dominated the major medical electrodes market share in 2021 and is expected to lead the global market during the forecast period owing to the rising focus of technological advancements in medical electrodes, increasing elderly age population, the increasing prevalence of chronic diseases, and huge healthcare expenditure in the region.

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

Key

Features of the Report

  • The medical electrodes market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • 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 start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Medical Electrodes Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The major factors driving the market growth are the increasing number of neurological and cardiovascular diseases and growing investments in the healthcare sector.

The most advanced and important developments in medical electrode applications using nanotechnology are expected to boost market growth. Nanotechnology results in the miniaturization of these medical electrodes, thus making them portable.

By application, the cardiology segment dominated the market in 2021, and this trend is anticipated to continue growing over the forecast period owing to the rising prevalence of cardiovascular diseases around the world.

Based on modality, The ECG segment is expected to witness significant growth owing to a prominent number of cardiovascular diseases around the world. The standard 12-lead ECG is frequently used for assessing cardiovascular diseases. Moreover, India reported 63% of deaths due to non-communicable diseases, out of which 27% were due to CVDs. Thus, the demand for ECG is anticipated to increase due to its wide-ranging application in diagnosing cardiovascular diseases, thereby further pushing the market growth.


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

Medical Electrodes Market size is valued at USD 1,842.7 million in 2021 and is expected to grow at a significant CAGR of 3.9% during the forecast period 2022 to 2028. The global market provides a detailed overview and which can be segmented by product type, modality, application, end user, and region. By product type, the Medical Electrodes market has been segmented into needle electrodes, disposable electrodes, surface electrodes, and reusable electrodes. By product type, the surface electrodes segment is expected to dominate the market during the forecast period due to the continuous introduction of new electrode indications, which is cost-effective and more precisely working procedures. By modality, the Medical Electrodes market has been segmented into an electrocardiography (ECG), electromyography (EMG), electroencephalography (EEG), brainstem auditory evoked potentials ((BAEPs), motor evoked potentials (MEPs), and others. By modality, the electrocardiography (ECG) segment dominated the market in 2021, and this trend is expected to continue during the coming next few years owing to the high prevalence of cardiovascular disorders, including coronary artery disease, arrhythmias, and atherosclerosis. By application, the Medical Electrodes market has been segmented into cardiology, neurophysiology, electrosurgical, and others. By application, the cardiology segment dominated the market in the past few years, and this trend is expected to continue during the forecast period owing to the increasing incidences of cardiovascular diseases worldwide. Based on the end user, the segment has been segregated into hospitals, diagnostic centers, research institutions. The hospital segment is estimated to hold maximum shares owing to the increasing adoption of these electrodes through ECG devices in hospital settings. Hospitals witness a large number of patient pools arriving at these settings for the diagnosis of several chronic diseases such as cardiovascular disorders, and neurological diseases, among others. The increasing adoption of ECG and EEG instruments in hospitals surely boosts the growth of this segment, consequently medical electrodes market will have a chance to expand globally.

Key Development:

In June 2021, Merck, a science and technology company collaborated with Neuroloop GmbH, a subsidiary of B. Braun in its new bioelectronics’ innovation field. With the help of this collaboration, companies can develop a neurostimulator device which can be accompanied by the existing drug therapies for patients with chronic inflammatory diseases. The fundamental of the platform is a multichannel cuff-electrode based on thin-film technology, which allows selective stimulation of specific fibers within the nerve.

In December 2020, NeuroOne Medical Technologies Corporation, a medical technology company announced the first human commercial use of its Evo Cortical Electrode.

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