The global medical electrodes market size reached US$ 1.26 billion in 2023. Looking forward, the market is projected to reach US$ 1.76 billion by 2032, exhibiting a growth rate (CAGR) of 3.78% during 2023-2032.
A medical electrode is a solid electronic conductor that is used to transfer the ionic current in the body into electric current for biological measurements. It comprises a metal part, lead and an electrode conducting paste and assists in the diagnosis of various nervous, ocular, cardiac and muscular disorders. Depending upon the anatomical location, multiple medical electrodes are used to receive bio-signals such as Electrocardiogram (ECG), electroencephalogram (EEG) and Electromyogram (EMG). Medical professionals highly prefer these electrodes as they are affordable, disposable, sterilizable and easy to administer. Owing to these benefits, they find wide application in various orthopedic, cardiovascular, cosmetic and neurosurgeries in hospitals, diagnostic centers and medical research institutions.
The increasing 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. Furthermore, the rising geriatric population that has created a need for early diagnosis of ailments is also increasing the demand for medical electrodes globally. Also, increasing investments and government support through favorable policies is catalyzing the growth of the market.
Owing to these factors, there has been a significant increase in research and development (R&D) to ensure easy access to quality healthcare for the vulnerable population and developing healthcare infrastructure while making it affordable for all. Moreover, technological developments such as advancements in nanotechnology have enabled miniaturization of these electrodes and facilitated their application for various minimally invasive surgeries.
A medical electrode is a solid electronic conductor that is used to transfer the ionic current in the body into electric current for biological measurements. It comprises a metal part, lead and an electrode conducting paste and assists in the diagnosis of various nervous, ocular, cardiac and muscular disorders. Depending upon the anatomical location, multiple medical electrodes are used to receive bio-signals such as Electrocardiogram (ECG), electroencephalogram (EEG) and Electromyogram (EMG). Medical professionals highly prefer these electrodes as they are affordable, disposable, sterilizable and easy to administer. Owing to these benefits, they find wide application in various orthopedic, cardiovascular, cosmetic and neurosurgeries in hospitals, diagnostic centers and medical research institutions.
The increasing 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. Furthermore, the rising geriatric population that has created a need for early diagnosis of ailments is also increasing the demand for medical electrodes globally. Also, increasing investments and government support through favorable policies is catalyzing the growth of the market.
Owing to these factors, there has been a significant increase in research and development (R&D) to ensure easy access to quality healthcare for the vulnerable population and developing healthcare infrastructure while making it affordable for all. Moreover, technological developments such as advancements in nanotechnology have enabled miniaturization of these electrodes and facilitated their application for various minimally invasive surgeries.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global medical electrodes market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on electrode type, usability, technology, application and end user.Breakup by Electrode Type:
- Diagnostic Electrodes
- Electrocardiogram (ECG) Electrodes
- Electromyogram (EMG) Electrodes
- Electroencephalogram (EEG) Electrodes
- Electronystagmogram (ENG) Electrodes
- Neonatal Electrodes
- Fetal Scalp Electrodes
- Others
- Therapeutic Electrodes
- Defibrillator Electrodes
- Electrosurgical Electrodes
- Pacemaker Electrodes
- Transcutaneous Electrical Nerve Stimulation (TENS) Electrodes
- Others
Breakup by Usability:
- Disposable Medical Electrodes
- Reusable Medical Electrodes
Breakup by Technology:
- Surface Electrodes
- Needle Electrodes
Breakup by Application:
- Cardiology
- Neurophysiology
- Sleep Disorders
- Intraoperative Monitoring
- Others
Breakup by End User:
- Hospitals
- Diagnostic Centers
- Medical Research Institutions
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Medtronic PLC, CONMED, 3M Company, Koninklijke Philips N.V., Ambu A/S, Dymedix Diagnostics, Natus Medical Incorporated, Cognionics Inc., Cooper Surgical Inc., ZOLL Medical Corporation, C. R. Bard Inc., Rhythmlink International company, NeuroSky and GE Healthcare.Key Questions Answered in This Report
- How has the global medical electrodes market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global medical electrodes industry?
- What has been the impact of COVID-19 on the global medical electrodes industry?
- What is the breakup of the market based on the electrode type?
- What is the breakup of the market based on the usability?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the global medical electrodes industry?
- What are the key driving factors and challenges in the global medical electrodes industry?
- What is the structure of the global medical electrodes industry and who are the key players?
- What is the degree of competition in the global medical electrodes industry?
- What are the profit margins in the global medical electrodes industry?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Medical Electrodes Market
6 Market Breakup by Electrode Type
7 Market Breakup by Usability
8 Market Breakup by Technology
9 Market Breakup by Application
10 Market Breakup by End User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Medtronic PLC
- CONMED
- 3M Company
- Koninklijke Philips N.V.
- Ambu A/S
- Dymedix Diagnostics
- Natus Medical Incorporated
- Cognionics Inc.
- Cooper Surgical Inc.
- ZOLL Medical Corporation
- C. R. Bard Inc.
- Rhythmlink International company
- NeuroSky
- GE Healthcare
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.26 Trillion |
| Forecasted Market Value ( USD | $ 1.76 Trillion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
