Market Overview:
The global ECG electrode applicators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The disposable electrode applicator segment is expected to dominate the market in terms of revenue share, followed by the reusable electrode applicator segment, during the forecast period. The hospital application segment is expected to account for a majority share of the global ECG electrode applicators market in terms of revenue, followed by clinic and others applications segments respectively. North America accounted for a majority share of the global ECG electrode applicators market in 2017 and it is projected to maintain its dominance during the forecast period as well.
Product Definition:
ECG electrode applicators are devices that are used to attach ECG electrodes to the patient's skin. They help ensure that the electrodes stay in place and provide a good contact with the skin. The applicators also help distribute the electrical current evenly across the electrode pads. This helps reduce any potential discomfort or pain that may be caused by the current, and also helps produce a more accurate ECG reading.
Disposable Electrode Applicator:
Disposable Electrode applicator is a device used to apply electrodes on the skin for performing an electrocardiogram. It is available in different forms such as foam, gel, liquid and solid.
Reusable Electrode Applicator:
Reusable Electrode applicator is a device used to apply electrodes on the skin for performing electrocardiogram. It consists of an insulated handle, which is connected to an electrical cord. The other end of the cord is attached to the electrode pin, which can be placed on the skin.
This reusable device eliminates manual preparation and cleaning of electrodes before each use and after each use respectively.
Application Insights:
The others application segment held the largest share of over 70.0% in 2017. The other applications include home healthcare, urgent care center, and walk-in clinics. Increasing usage of disposable electrode applicators at home healthcare facilities for routine monitoring is expected to be a major factor driving the global market during the forecast period.
Rising prevalence of cardiovascular diseases coupled with increasing demand for advanced diagnostic equipment is anticipated to drive growth during the forecast period thereby contributing towards a significant share of this segment within North America region over next seven years.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. This can be attributed to the presence of a large number of manufacturers and distributors, high adoption rate, favorable reimbursement policies for ECG monitoring devices, and increasing awareness about cardiovascular diseases. Moreover, rising geriatric population is expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to factors such as improving healthcare infrastructure and growing patient awareness regarding early diagnosis of cardiac disorders. Furthermore, an increase in disposable income levels will boost demand for consumer health products such as wearable monitors that record heartbeats continuously throughout day-to-day activities thus positively influencing industry growth over projected time frame.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. ECG electrode applicators are an essential part of minimally invasive surgery procedures and are thus expected to witness high demand in the coming years.
- Growing prevalence of cardiovascular diseases: Cardiovascular diseases are one of the leading causes of death worldwide, accounting for 31% of all deaths in 2012. The number of people affected by cardiovascular diseases is only expected to increase in the future due to increasing population aging and lifestyle changes such as increased consumption of tobacco and alcohol products. This will create high demand for ECG electrode applicators as they play a crucial role in diagnosing and treating heart-related conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
ECG Electrode Applicators Market Research Report
By Type
Disposable Electrode Applicator, Reusable Electrode Applicator
By Application
Hospital, Clinic, Others
By Companies
LUMED, Mbnet Engineering, Medset Medizintechnik, Boen Healthcare?, MindWare Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global ECG Electrode Applicators Market Report Segments:
The global ECG Electrode Applicators market is segmented on the basis of:
Types
Disposable Electrode Applicator, Reusable Electrode Applicator
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LUMED
- Mbnet Engineering
- Medset Medizintechnik
- Boen Healthcare?
- MindWare Technologies
Highlights of The ECG Electrode Applicators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disposable Electrode Applicator
- Reusable Electrode Applicator
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ECG Electrode Applicators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ECG electrode applicators are medical devices that help physicians diagnose and treat heart conditions. The applicators are inserted into the patient's chest, typically through a small incision, and used to measure electrical activity in the heart.
Some of the major companies in the ecg electrode applicators market are LUMED, Mbnet Engineering, Medset Medizintechnik, Boen Healthcare?, MindWare Technologies.
The ecg electrode applicators market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. ECG Electrode Applicators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. ECG Electrode Applicators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. ECG Electrode Applicators Market - Supply Chain
4.5. Global ECG Electrode Applicators Market Forecast
4.5.1. ECG Electrode Applicators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. ECG Electrode Applicators Market Size (000 Units) and Y-o-Y Growth
4.5.3. ECG Electrode Applicators Market Absolute $ Opportunity
5. Global ECG Electrode Applicators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. ECG Electrode Applicators Market Size and Volume Forecast by Type
5.3.1. Disposable Electrode Applicator
5.3.2. Reusable Electrode Applicator
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global ECG Electrode Applicators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. ECG Electrode Applicators Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global ECG Electrode Applicators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. ECG Electrode Applicators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global ECG Electrode Applicators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. ECG Electrode Applicators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global ECG Electrode Applicators Demand Share Forecast, 2019-2026
9. North America ECG Electrode Applicators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America ECG Electrode Applicators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America ECG Electrode Applicators Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America ECG Electrode Applicators Market Size and Volume Forecast by Type
9.7.1. Disposable Electrode Applicator
9.7.2. Reusable Electrode Applicator
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America ECG Electrode Applicators Demand Share Forecast, 2019-2026
10. Latin America ECG Electrode Applicators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America ECG Electrode Applicators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America ECG Electrode Applicators Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America ECG Electrode Applicators Market Size and Volume Forecast by Type
10.7.1. Disposable Electrode Applicator
10.7.2. Reusable Electrode Applicator
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America ECG Electrode Applicators Demand Share Forecast, 2019-2026
11. Europe ECG Electrode Applicators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe ECG Electrode Applicators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe ECG Electrode Applicators Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe ECG Electrode Applicators Market Size and Volume Forecast by Type
11.7.1. Disposable Electrode Applicator
11.7.2. Reusable Electrode Applicator
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe ECG Electrode Applicators Demand Share, 2019-2026
12. Asia Pacific ECG Electrode Applicators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific ECG Electrode Applicators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific ECG Electrode Applicators Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific ECG Electrode Applicators Market Size and Volume Forecast by Type
12.7.1. Disposable Electrode Applicator
12.7.2. Reusable Electrode Applicator
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific ECG Electrode Applicators Demand Share, 2019-2026
13. Middle East & Africa ECG Electrode Applicators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa ECG Electrode Applicators Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa ECG Electrode Applicators Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa ECG Electrode Applicators Market Size and Volume Forecast by Type
13.7.1. Disposable Electrode Applicator
13.7.2. Reusable Electrode Applicator
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa ECG Electrode Applicators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global ECG Electrode Applicators Market: Market Share Analysis
14.2. ECG Electrode Applicators Distributors and Customers
14.3. ECG Electrode Applicators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LUMED
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mbnet Engineering
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Medset Medizintechnik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Boen Healthcare?
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MindWare Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
