The electrocardiography (ECG) electrodes market size has grown strongly in recent years. It will grow from $4.37 billion in 2023 to $4.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The expansion observed in the historical period can be attributed to several factors. These include the heightened utilization of ECG electrodes in hospitals, an increase in the incidence of arrhythmias, growing awareness among healthcare professionals, the rise in the use of ECG electrodes in telemedicine, and the availability of eco-friendly and biocompatible materials.
The electrocardiography (ECG) electrodes market size is expected to see strong growth in the next few years. It will grow to $6.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be attributed to several factors. These include the increasing prevalence of chronic diseases, a growing elderly population, the rising significance of personalized medicine, an expanding number of hospitals, and increased investments in healthcare infrastructure. Major trends expected in the forecast period encompass technological advancements, remote patient monitoring, the adoption of solid gel electrodes, the utilization of reusable medical electrodes, and the integration of AI technologies.
The increasing prevalence of cardiovascular and neurological disorders is anticipated to fuel the expansion of the electrocardiography (ECG) electrode market in the foreseeable future. These disorders encompass a range of conditions affecting the heart and brain, often requiring specialized medical attention and care. Factors contributing to the rise in incidences include shifts in lifestyle, an aging demographic, and genetic predispositions. ECG electrodes play a crucial role in the diagnosis and management of both cardiovascular and neurological disorders, facilitating non-invasive monitoring of heart activity and the detection of abnormal electrical signals. This aids in identifying conditions such as arrhythmias, heart attacks, and seizures. For instance, data from the Office for National Statistics in March 2022 revealed an increase in heart attack-related deaths in the UK, while statistics from the American Cancer Society in August 2021 projected significant numbers of malignant brain tumor cases in the USA. Thus, the escalating occurrence of these disorders is a driving force behind the growth of the ECG electrode market.
Major players in the electrocardiography (ECG) electrode market are directing their attention towards introducing innovative solutions leveraging advanced technology, such as conductive textile patches, to enhance industrial monitoring capabilities and gain a competitive advantage. Conductive textile ECG electrode patches are wearable medical devices designed to monitor cardiac activity by detecting heart-generated electrical signals. For example, Nahtlos AG, a Switzerland-based medical technology company, launched Nahtlos Durastrip in December 2023, a medically approved ECG patch made of conductive cloth. The Durastrip ensures prolonged adherence and signal quality through a unique humidification technique and patented conductive fabric technology. Compatibility with Movesense sensors opens avenues for long-term ECG monitoring, digital health research, and advanced fitness tracking.
In June 2021, Blackstone Inc., The Carlyle Group Inc., and Hellman & Friedman LLC, all US-based investment firms, jointly acquired Medline Industries LP for $34 billion. This acquisition aims to leverage Medline's market leadership and revenue to drive financial growth, expand product offerings and global presence, and invest in enhancing the company's global supply chain infrastructure for improved operational efficiency and growth prospects. Medline Industries LP is a US-based healthcare company specializing in the manufacturing and distribution of ECG electrodes.
Major companies operating in the electrocardiography (ECG) electrodes market are Cardinal Health Inc., 3M Company, Medtronic Plc, Allied Healthcare Products Inc., Koninklijke Philips N.V., GE HealthCare Technologies Inc., Shandong Intco Medical Products Corporation Ltd., Mindray Medical International Limited, ZOLL Medical Corporation, Nihon Kohden Corporation, Nissha Medical Technologies (NMT), CONMED Corporation, Welch Allyn Inc., S&W Healthcare, Ambu A/S, Schiller AG, BPL Medical Technologies, MedLinket, Axelgaard Manufacturing Co. Ltd., Medico Electrodes International Ltd, Rhythmlink International LLC, Leonhard Lang GmbH, Bio-Protech Inc., NIKOMED USA Inc.
North America was the largest region in the electrocardiography (ECG) electrodes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrocardiography (ECG) electrodes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electrocardiography (ECG) electrodes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Electrocardiography (ECG) electrodes are medical devices used to record and analyze the electrical activity of the heart. These small, adhesive patches are placed on specific areas of the skin to capture the heart's electrical signals, which are then transmitted to ECG equipment for interpretation. This process provides detailed information about the heart's rhythm and electrical function, aiding in the diagnosis and monitoring of various cardiac conditions.
The primary types of electrocardiography (ECG) electrodes include conducting mediums and backing materials. Conducting mediums are the materials within ECG electrodes that facilitate the transmission of electrical signals from the body to the ECG machine. These electrodes are categorized as disposable or reusable and find applications in hospitals, clinics, and other medical settings.
The electrocardiography (ECG) electrodes market research report is one of a series of new reports that provides electrocardiography (ECG) electrodes market statistics, including electrocardiography (ECG) electrodes industry global market size, regional shares, competitors with an electrocardiography (ECG) electrodes market share, detailed electrocardiography (ECG) electrodes market segments, market trends and opportunities, and any further data you may need to thrive in the electrocardiography (ECG) electrodes industry. This electrocardiography (ECG) electrodes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electrocardiography (ECG) electrodes market consists of sales of wet gel electrodes, dry electrodes, and solid gel electrodes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The electrocardiography (ECG) electrodes market size is expected to see strong growth in the next few years. It will grow to $6.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be attributed to several factors. These include the increasing prevalence of chronic diseases, a growing elderly population, the rising significance of personalized medicine, an expanding number of hospitals, and increased investments in healthcare infrastructure. Major trends expected in the forecast period encompass technological advancements, remote patient monitoring, the adoption of solid gel electrodes, the utilization of reusable medical electrodes, and the integration of AI technologies.
The increasing prevalence of cardiovascular and neurological disorders is anticipated to fuel the expansion of the electrocardiography (ECG) electrode market in the foreseeable future. These disorders encompass a range of conditions affecting the heart and brain, often requiring specialized medical attention and care. Factors contributing to the rise in incidences include shifts in lifestyle, an aging demographic, and genetic predispositions. ECG electrodes play a crucial role in the diagnosis and management of both cardiovascular and neurological disorders, facilitating non-invasive monitoring of heart activity and the detection of abnormal electrical signals. This aids in identifying conditions such as arrhythmias, heart attacks, and seizures. For instance, data from the Office for National Statistics in March 2022 revealed an increase in heart attack-related deaths in the UK, while statistics from the American Cancer Society in August 2021 projected significant numbers of malignant brain tumor cases in the USA. Thus, the escalating occurrence of these disorders is a driving force behind the growth of the ECG electrode market.
Major players in the electrocardiography (ECG) electrode market are directing their attention towards introducing innovative solutions leveraging advanced technology, such as conductive textile patches, to enhance industrial monitoring capabilities and gain a competitive advantage. Conductive textile ECG electrode patches are wearable medical devices designed to monitor cardiac activity by detecting heart-generated electrical signals. For example, Nahtlos AG, a Switzerland-based medical technology company, launched Nahtlos Durastrip in December 2023, a medically approved ECG patch made of conductive cloth. The Durastrip ensures prolonged adherence and signal quality through a unique humidification technique and patented conductive fabric technology. Compatibility with Movesense sensors opens avenues for long-term ECG monitoring, digital health research, and advanced fitness tracking.
In June 2021, Blackstone Inc., The Carlyle Group Inc., and Hellman & Friedman LLC, all US-based investment firms, jointly acquired Medline Industries LP for $34 billion. This acquisition aims to leverage Medline's market leadership and revenue to drive financial growth, expand product offerings and global presence, and invest in enhancing the company's global supply chain infrastructure for improved operational efficiency and growth prospects. Medline Industries LP is a US-based healthcare company specializing in the manufacturing and distribution of ECG electrodes.
Major companies operating in the electrocardiography (ECG) electrodes market are Cardinal Health Inc., 3M Company, Medtronic Plc, Allied Healthcare Products Inc., Koninklijke Philips N.V., GE HealthCare Technologies Inc., Shandong Intco Medical Products Corporation Ltd., Mindray Medical International Limited, ZOLL Medical Corporation, Nihon Kohden Corporation, Nissha Medical Technologies (NMT), CONMED Corporation, Welch Allyn Inc., S&W Healthcare, Ambu A/S, Schiller AG, BPL Medical Technologies, MedLinket, Axelgaard Manufacturing Co. Ltd., Medico Electrodes International Ltd, Rhythmlink International LLC, Leonhard Lang GmbH, Bio-Protech Inc., NIKOMED USA Inc.
North America was the largest region in the electrocardiography (ECG) electrodes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrocardiography (ECG) electrodes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electrocardiography (ECG) electrodes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Electrocardiography (ECG) electrodes are medical devices used to record and analyze the electrical activity of the heart. These small, adhesive patches are placed on specific areas of the skin to capture the heart's electrical signals, which are then transmitted to ECG equipment for interpretation. This process provides detailed information about the heart's rhythm and electrical function, aiding in the diagnosis and monitoring of various cardiac conditions.
The primary types of electrocardiography (ECG) electrodes include conducting mediums and backing materials. Conducting mediums are the materials within ECG electrodes that facilitate the transmission of electrical signals from the body to the ECG machine. These electrodes are categorized as disposable or reusable and find applications in hospitals, clinics, and other medical settings.
The electrocardiography (ECG) electrodes market research report is one of a series of new reports that provides electrocardiography (ECG) electrodes market statistics, including electrocardiography (ECG) electrodes industry global market size, regional shares, competitors with an electrocardiography (ECG) electrodes market share, detailed electrocardiography (ECG) electrodes market segments, market trends and opportunities, and any further data you may need to thrive in the electrocardiography (ECG) electrodes industry. This electrocardiography (ECG) electrodes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electrocardiography (ECG) electrodes market consists of sales of wet gel electrodes, dry electrodes, and solid gel electrodes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Electrocardiography (ECG) Electrodes Market Characteristics3. Electrocardiography (ECG) Electrodes Market Trends and Strategies32. Global Electrocardiography (ECG) Electrodes Market Competitive Benchmarking33. Global Electrocardiography (ECG) Electrodes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Electrocardiography (ECG) Electrodes Market
4. Electrocardiography (ECG) Electrodes Market - Macro Economic Scenario
5. Global Electrocardiography (ECG) Electrodes Market Size and Growth
6. Electrocardiography (ECG) Electrodes Market Segmentation
7. Electrocardiography (ECG) Electrodes Market Regional and Country Analysis
8. Asia-Pacific Electrocardiography (ECG) Electrodes Market
9. China Electrocardiography (ECG) Electrodes Market
10. India Electrocardiography (ECG) Electrodes Market
11. Japan Electrocardiography (ECG) Electrodes Market
12. Australia Electrocardiography (ECG) Electrodes Market
13. Indonesia Electrocardiography (ECG) Electrodes Market
14. South Korea Electrocardiography (ECG) Electrodes Market
15. Western Europe Electrocardiography (ECG) Electrodes Market
16. UK Electrocardiography (ECG) Electrodes Market
17. Germany Electrocardiography (ECG) Electrodes Market
18. France Electrocardiography (ECG) Electrodes Market
19. Italy Electrocardiography (ECG) Electrodes Market
20. Spain Electrocardiography (ECG) Electrodes Market
21. Eastern Europe Electrocardiography (ECG) Electrodes Market
22. Russia Electrocardiography (ECG) Electrodes Market
23. North America Electrocardiography (ECG) Electrodes Market
24. USA Electrocardiography (ECG) Electrodes Market
25. Canada Electrocardiography (ECG) Electrodes Market
26. South America Electrocardiography (ECG) Electrodes Market
27. Brazil Electrocardiography (ECG) Electrodes Market
28. Middle East Electrocardiography (ECG) Electrodes Market
29. Africa Electrocardiography (ECG) Electrodes Market
30. Electrocardiography (ECG) Electrodes Market Competitive Landscape and Company Profiles
31. Electrocardiography (ECG) Electrodes Market Other Major and Innovative Companies
35. Electrocardiography (ECG) Electrodes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Electrocardiography (ECG) Electrodes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on electrocardiography (ECG) electrodes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for electrocardiography (ECG) electrodes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electrocardiography (ECG) electrodes market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Conducting Medium; Back-Lining Materials2) By Usage: Disposable; Reusable
3) By Applications: Hospitals; Clinics; Other Applications
Key Companies Mentioned: Cardinal Health Inc.; 3M Company; Medtronic Plc; Allied Healthcare Products Inc.; Koninklijke Philips N.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Cardinal Health Inc.
- 3M Company
- Medtronic Plc
- Allied Healthcare Products Inc.
- Koninklijke Philips N.V.
- GE HealthCare Technologies Inc.
- Shandong Intco Medical Products Corporation Ltd.
- Mindray Medical International Limited
- ZOLL Medical Corporation
- Nihon Kohden Corporation
- Nissha Medical Technologies (NMT)
- CONMED Corporation
- Welch Allyn Inc.
- S&W Healthcare
- Ambu A/S
- Schiller AG
- BPL Medical Technologies
- MedLinket
- Axelgaard Manufacturing Co. Ltd.
- Medico Electrodes International Ltd
- Rhythmlink International LLC
- Leonhard Lang GmbH
- Bio-Protech Inc.
- NIKOMED USA Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 4.66 Billion |
Forecasted Market Value ( USD | $ 6.07 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |