Global Medical Electrodes Market
Report Highlights
The global Medical Electrodes Market was valued at USD 559.1 million in 2016 and is projected to reach USD 788.91 million by 2025, growing at a CAGR of 3.9% from 2017 to 2025.
Medical electrodes proceed with quantification of internal ionic currents and results in diagnosis of various ocular, nervous, cardiac, and muscular disorders. The device works through provision of an electrical contact between apparatus used to monitor activities and patient.
Market Dynamics:
1. Market Drivers
1.1 Increasing Cardio logical and neurological health issues
1.2 Increasing investment in Research and Development
1.3 Growing Demand of Home and Ambulatory Healthcare
2. Market Restraints
2.1 Emerging Market value
Market Segmentation:
1. Global Medical Electrodes Market, by Technology:
1.1 Wet Electrodes
1.2 Dry Electrodes
1.3 Needle Electrodes
2. Global Medical Electrodes Market, by Usability:
2.1 Disposable Medical Electrodes
2.2 Reusable Medical Electrodes
3. Global Medical Electrodes Market, by Application:
3.1 Cardiology
3.2 Neurophysiology
3.3 Sleep Disorders
3.4 Intraoperative Monitoring
3.5 Others
4. Global Medical Electrodes Market, by Procedure:
4.1 Electrocardiography (ECG)
4.2 Electroencephalography (EEG)
4.3 Electromyography (EMG)
4.4 Others
5. Global Medical Electrodes Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Medtronic
2. Koninklijke Philips N.V.
3. Ambu
4. Cognionics, Inc.
5. Natus Medical Incorporated
6. 3M
7. CONMED Corporation
8. Rhythmlink International, LLC
9. Leonhard Lang GmbH (Acquired By DCC PLC.)
10. Nihon Kohden Corporation
11. Compumedics Limited
12. G.Tec Medical Engineering GmbH
13. SOMNOmedics GmbH
14. NeuroSky
15. General Healthcare (Subsidiary of General Electric Company)
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Medical Electrodes Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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