Overview and Scope
A medical electrodes transmit electricity from an instrument to a patient for treatment or surgery. Medical electrodes are used to measure internal ionic currents, which leads to the diagnosis of various ocular, nervous, cardiac, and muscular disorders. It is a key component in providing the appropriate amount of electrical contact between the device that records activity and the patient. These electrodes are made of metal, lead, and a gel or paste that conducts electricity.
Sizing and Forecast
The medical electrodes market size has grown strongly in recent years. It will grow from <b>$1.98 billion in 2023 to $2.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. </b> The growth in the historic period can be attributed to cardiovascular diseases, neurological disorders, aging population, electrotherapy and pain management, regulatory compliance.
The medical electrodes market size is expected to see strong growth in the next few years. It will grow to <b>$2.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. </b> The growth in the forecast period can be attributed to personalized medicine, patient-centric design, telemedicine expansion, medical tourism, sustainability and eco-friendly materials. Major trends in the forecast period include miniaturization and wearable electrodes, advanced electrode materials, smart electrodes, artificial intelligence (ai) and data analytics, sensor integration.
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Segmentation & Regional Insights
The medical electrodes market covered in this report is segmented –
1) By Usability: Disposable Medical Electrodes, Reusable Medical Electrodes
2) By Technology: Wet Electrodes, Dry Electrodes, Needle Electrodes
3) By Procedure: Electrocardiography, Electroencephalography, Electromyography, Other Procedures
4) By Application: Cardiology, Neurophysiology, Sleep Disorders, Intraoperative Monitoring, Other Applications
<b>North America</b> was the largest region in the medical electrodes market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the medical electrodes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of chronic diseases is expected to propel the growth of the medical electrodes market. Chronic diseases are long-lasting sickness that often cannot be healed, however, it is occasionally curable and controllable. Chronic diseases are increasing due to the increasing use of tobacco products, poor nutrition, physical inactivity, excessive use of alcohol, and others. Medical electrodes treat chronic diseases by measuring, monitoring, and recording body functions such as heartbeat and brain waves during medications. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Thus an increase in the prevalence of chronic diseases drives the growth of the medical electrodes market.
Key Industry Players
Major companies operating in the medical electrodes market include <b> 3M Company, ConMed Corporation, Koninklijke Philips N.V., Medtronic plc, Ambu A/S, General Electric Company, Nihon Kohden Corporation, Cardinal Health Inc., Dymedix Diagnostics Inc., Natus Medical Incorporated, CooperSurgical Inc., B. Braun Melsungen AG, ZOLL Medical Corporation, Rhythmlink International LLC, Cognionics Inc., Compumedics Limited, Nissha Medical Technologies Group, C.R. Bard Inc., Curbell Medical Products Inc., Leonhard Lang GmbH, Graphic Controls Ltd., Bio Protech Inc., Medico Electrodes International Ltd., Ad-Tech Medical Instrument Corporation, Tenko Medical Systems Crop., Ambulatory Monitoring Inc., R&D Medical Electrodes, NeuroWave Systems Inc., NCC Medical Co. Ltd., Nihon Kohden America Inc., Zynex Medical Inc. </b>
The medical electrodes market report table of contents includes:
1. Executive Summary
2. Medical Electrodes Market Characteristics
3. Medical Electrodes Market Trends And Strategies
4. Medical Electrodes Market – Macro Economic Scenario
5. Global Medical Electrodes Market Size and Growth
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26. South America Medical Electrodes Market
27. Brazil Medical Electrodes Market
28. Middle East Medical Electrodes Market
29. Africa Medical Electrodes Market
30. Medical Electrodes Market Competitive Landscape And Company Profiles
Top Major Players:
- 3M Company
- ConMed Corporation
- Koninklijke Philips N.V
- Medtronic PLC
- Ambu A/S
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