Market Overview:
The global ECG electrodes market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of cardiovascular diseases, rising geriatric population, and technological advancements in ECG electrodes. Based on type, the global ECG electrodes market is segmented into monitoring ECG electrodes and diagnostic ECG electrodes. The monitoring electrode segment is expected to account for a larger share of the global market than the diagnostic electrode segment during the forecast period. This can be attributed to factors such as growing demand for home-based cardiac monitoring and increasing use of portable devices for cardiac diagnosis.
Product Definition:
An ECG electrode is a device used to measure the electrical activity of the heart. It is placed on the skin and connected to an ECG machine, which records the electrical signals produced by the heart.
Monitoring ECG Electrodes:
The global Monitoring ECG Electrodes market is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as increasing incidence rate of cardiovascular diseases, growing geriatric population base and rising awareness about early diagnosis among individuals.
According to the American Heart Association (AHA), in 2015, around 92 million people were living with some form of CVD across the globe which includes 77 million men and 15 million women.
Diagnostic ECG Electrodes:
The diagnostic ECG electrodes are used for the diagnosis of heart diseases and other cardiac disorders. The diagnostic ECG electrodes are thin, flexible, metallic discs that produce an electrical signal when pressed by a patient's skin. They find applications in ambulatory monitoring as well as inpatient monitoring during the course of treatment for various heart diseases such as arrhythmias and heart failure.
Application Insights:
The hospitals segment dominated the global ECG electrodes market in 2017. This can be attributed to factors such as high usage rates and a large number of hospital-based diagnostic centers. For instance, as per the National Health Statistics Report 2016, there were more than 685 million outpatient visits and approximately 99.7% of these visits were recorded in medical records which indicates that most patients are getting diagnosed by history & physical examination at their primary care physicians¢â‚¬â„¢ offices or clinics rather than through emergency rooms or hospitals. Therefore, increasing utilization of advanced diagnostics is expected to drive demand for ECG monitoring devices over the forecast period.
ECG monitoring electrodes are used for various purposes including diagnosis of arrhythmia and heart block/blockade during catheter procedures such as electrophysiology (EP) testing.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The presence of favorable government initiatives and a large number of industry players are responsible for its continued dominance over the forecast period. For instance, as per European Heart Network, cardiovascular disease accounts for approximately 7% deaths every year among Europeans which is about 1 million people. It was stated that around 80% cases were due to smoking and unhealthy lifestyle choices which led to increased demand for diagnostic devices such as monitors & leads that would help diagnose these diseases at an early stage thus increasing treatment rate. Europe has one of the highest per capita spending on healthcare globally with an average annual expenditure around USD X per person according to World Bank data in 2018’s dollars).
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 electrodes are an essential part of minimally invasive surgical procedures as they help in monitoring the patient's heart rate and rhythm.
- Growing prevalence of cardiovascular diseases: The global prevalence of cardiovascular diseases is estimated to be around 17%. This number is expected to grow significantly in the coming years due to increasing rates of obesity and diabetes worldwide. ECG electrodes play a critical role in diagnosing and treating cardiovascular diseases, making them a necessary component of any cardiac care unit or hospital setting.
- Technological advancements: Rapid advancements in technology have led to the development of new types of ECG electrodes that are smaller, more sensitive, and easier to use than traditional electrodes. These new-generation electrodes offer greater accuracy during diagnosis and treatment procedures, thus helping healthcare professionals provide better care for their patients .
Scope Of The Report
Report Attributes
Report Details
Report Title
ECG Electrodes Market Research Report
By Type
Monitoring ECG Electrodes, Diagnostic ECG Electrodes
By Application
Hospitals, Clnic
By Companies
Vermed, Medtronic, CareFusion, 3M Healthcare, Amhu, Medline Industries, Bio-Protech Products, B Braun Medical
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global ECG Electrodes Market Report Segments:
The global ECG Electrodes market is segmented on the basis of:
Types
Monitoring ECG Electrodes, Diagnostic ECG Electrodes
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
Hospitals, Clnic
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:
- Vermed
- Medtronic
- CareFusion
- 3M Healthcare
- Amhu
- Medline Industries
- Bio-Protech Products
- B Braun Medical
Highlights of The ECG Electrodes 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:
- Monitoring ECG Electrodes
- Diagnostic ECG Electrodes
- By Application:
- Hospitals
- Clnic
- 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 Electrodes 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.
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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 electrodes are small, thin wires that are placed on the skin over the heart to measure electrical activity. The ECG is a recording of this electrical activity.
Some of the key players operating in the ecg electrodes market are Vermed, Medtronic, CareFusion, 3M Healthcare, Amhu, Medline Industries, Bio-Protech Products, B Braun Medical.
The ecg electrodes market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. ECG Electrodes 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 Electrodes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. ECG Electrodes Market - Supply Chain
4.5. Global ECG Electrodes Market Forecast
4.5.1. ECG Electrodes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. ECG Electrodes Market Size (000 Units) and Y-o-Y Growth
4.5.3. ECG Electrodes Market Absolute $ Opportunity
5. Global ECG Electrodes 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 Electrodes Market Size and Volume Forecast by Type
5.3.1. Monitoring ECG Electrodes
5.3.2. Diagnostic ECG Electrodes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global ECG Electrodes 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 Electrodes Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clnic
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global ECG Electrodes 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 Electrodes 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 Electrodes 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 Electrodes 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 Electrodes Demand Share Forecast, 2019-2026
9. North America ECG Electrodes 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 Electrodes 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 Electrodes Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clnic
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America ECG Electrodes Market Size and Volume Forecast by Type
9.7.1. Monitoring ECG Electrodes
9.7.2. Diagnostic ECG Electrodes
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 Electrodes Demand Share Forecast, 2019-2026
10. Latin America ECG Electrodes 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 Electrodes 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 Electrodes Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clnic
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America ECG Electrodes Market Size and Volume Forecast by Type
10.7.1. Monitoring ECG Electrodes
10.7.2. Diagnostic ECG Electrodes
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 Electrodes Demand Share Forecast, 2019-2026
11. Europe ECG Electrodes 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 Electrodes 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 Electrodes Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clnic
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe ECG Electrodes Market Size and Volume Forecast by Type
11.7.1. Monitoring ECG Electrodes
11.7.2. Diagnostic ECG Electrodes
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
11.1.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe ECG Electrodes Demand Share, 2019-2026
12. Asia Pacific ECG Electrodes 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 Electrodes 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 Electrodes Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clnic
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific ECG Electrodes Market Size and Volume Forecast by Type
12.7.1. Monitoring ECG Electrodes
12.7.2. Diagnostic ECG Electrodes
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 Electrodes Demand Share, 2019-2026
13. Middle East & Africa ECG Electrodes 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 Electrodes 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 Electrodes Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clnic
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa ECG Electrodes Market Size and Volume Forecast by Type
13.7.1. Monitoring ECG Electrodes
13.7.2. Diagnostic ECG Electrodes
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 Electrodes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global ECG Electrodes Market: Market Share Analysis
14.2. ECG Electrodes Distributors and Customers
14.3. ECG Electrodes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vermed
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medtronic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CareFusion
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. 3M 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. Amhu
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Medline Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bio-Protech Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. B Braun Medical
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
