Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on medical electrodes market provides in-depth
analysis of segments and sub-segments in global as well as regional medical
electrodes market. The study also highlights the impact of drivers, restraints
and macro indicators on the global and regional medical electrodes market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global medical electrodes market.
According to the report the global medical electrodes market is projected to
grow at a CAGR of 4% over the forecast period of 2018-2024.
Medical electrodes are devices that transfer the energy of
ionic currents into electrical current in the body. It can be amplified and has
proved to be useful in diagnosing various diseases. Medical electrodes are
non-surgical and include a metal, lead, and electrode conducting plate.
Patients suffering from various diseases such as neurology, and cardiology
related problems require continuous monitoring, medical electrodes are used
with monitoring systems to provide a diagnosis and continuous monitoring of
such patients. It is useful for the identification of ocular, muscular
disorders, cardiac and nervous disorders and thus has gained increased demand,
owing to their extensive use. Medical electrode works in a group with the electrical
contact between the device and monitoring system that is used to monitor the
activities of the patient. Diseases such as alzheimer’s disease, body ache,
sinusitis, parkinson’s disease, and other health conditions are treated with
the help of medical electrodes devices. It is also useful in the fields of
general surgery, orthopedic surgery, cosmetic surgery, fetal monitoring, and
cardiovascular surgery and so on.
The growing use of
medical electrodes in the diagnosis of neurophysiological and cardiological
disorders are one of the major factors driving the growth of the market. Growth
in aged population results in the growth of various diseases which creates a
need for early diagnosis and can be achieved with the use of medical electrodes
which plays an essential part in valuable diagnosis and continuous monitoring,
which in turn, to boost the medical electrodes market. Furthermore, an increase
in government initiatives towards improving the healthcare infrastructure along
with the efforts taken by private organizations to modernize its healthcare
infrastructure is also fuelling the market growth. On the contrary, issues
related to biocompatibility with medical electrodes may hamper the growth of
the market.
In terms of
geographies, North America is anticipated to be the lucreative market for
medical electrodes followed by Europe. Asia-Pacific region is the fastest
growing region in this market. In North America region factors such as growing
demand for technologically medical devices high frequency of cardiovascular and
neurological disorders, growing consciousness about the benefits of early
disease diagnosis and increasing adoption of non-surgical diagnostic electrodes
are driving the market growth. Furthermore, factors such as the improvement of
the healthcare industry are boosting the growth in the Europe region. Further,
the Asia-Pacific region is driven by growing healthcare facilities with a large
involvement of private sector companies, would help in the expansion of the
market.
The report on global medical electrodes market covers segments such as product types and end-users. On the basis of product types, the global medical electrodes market is categorized into dry electrodes, wet electrodes, and needle electrodes. On the basis of end-users, the global medical electrodes market is categorized into diagnostic centers and hospitals medical.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global medical electrodes market such as General Healthcare, 3M, Koninklijke Philips N.V., Compumedics Limited, Medtronic plc, Nihon Kohden Corporation, General Electric Company, Ambu A/S, Natus Medical Incorporated and Leonhard Lang GmbH.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical electrodes market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical electrodes market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical electrodes market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical electrodes market to understand the present and future trends in this market and formulate their strategies accordingly.
Please Choose One of them.