Market Overview:
The global electrodes for medical devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The disposable medical electrodes segment is expected to dominate the market in terms of revenue share, followed by the reusable medical electrodes segment, during the forecast period. The ECG application segment is estimated to account for a major share of the global electrodes for medical devices market in 2018 and is projected to register high growth rates during the forecast period. North America dominates the global electrodes for medical devices market and accounted for a majority share in 2017; however, Asia Pacific is projected to be one of fastest-growing markets over the next decade owing to rising demand from countries such as China and India.
Product Definition:
Electrodes are devices that transfer electrical energy to or from a patient. They are used in medical devices such as pacemakers, defibrillators, and neurostimulators.
Disposable Medical Electrodes:
Disposable medical electrodes are used by healthcare professionals for the measurement of patients' vital signs such as temperature, blood pressure, and heart rate. These products are available in different forms such as gel-based, liquid based or foam based. The material used to make these products is usually non-toxic and can be easily disposed of after use.
Reusable Medical Electrodes:
Reusable medical electrodes are used in the manufacturing of diagnostic and monitoring devices. The major factor that propels the growth of this market includes increasing demand for home healthcare services. With growing aging population, there is an increase in demand for long term care facilities which further boosts the market growth. Moreover, rising prevalence of chronic diseases such as diabetes and cardiac disorders also contributes to market expansion over the forecast period.
Application Insights:
The other applications include research studies, drug discovery, and clinical trials. Electrodes for EKGs are generally used in hospitals while those for EEGs are mostly used at home or a hospital bedside.
Electrodes for deep brain stimulation are mainly used in epilepsy treatment as well as Parkinson¢â‚¬â„¢s disease treatment. Deep brain stimulation is an effective method to treat Parkinson¢â‚¬â„¢s disease due to its ability to reduce medication requirements and improve symptoms associated with this disorder. However, the high cost of these devices may be a challenge when compared with standard medical procedures.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high disposable income, and increasing demand for medical devices. Moreover, rising incidence of chronic diseases such as cardiac arrests and stroke is expected to drive the regional market over the forecast period. Increasing government funding for R&D activities pertaining to electroceuticals in North America has also contributed significantly toward growth. For instance, according to a study published by National Institute of Health (NIH), Electroceuticals Research Network (ENRN) received a budget increase from USD X million in 2014 to USD X million in 2016.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due its rapidly developing economy coupled with growing awareness regarding health issues among people leading towards an increased adoption rate of electrotherapy devices such as electric blankets.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Electrodes for medical devices are extensively used in minimally invasive surgeries. The increasing demand for minimally invasive surgeries is expected to drive the growth of the electrodes market in the coming years.
- Growing prevalence of chronic diseases: The growing prevalence of chronic diseases, such as diabetes and cardiovascular diseases, is expected to increase the demand for electrodes for medical devices in the coming years.
- Technological advancements: The technological advancements in electrode technology are expected to drive the growth of the electrodes market in the coming years.
- Rising geriatric population: The rising geriatric population is projected to fuelthe growth ofthe electrodes marketin theeldofmedicaldevicesinthecomingyearsas this population is more susceptibletochronicdiseasesandrequiresmoreelectrode-based treatments than other age groups do.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrodes for Medical Devices Market Research Report
By Type
Disposable Medical Electrodes, Reusable Medical Electrodes
By Application
ECG, EEG, EMG, Defibrillation, Others
By Companies
3M, Ambu, Covidien-Medtronic, GE Healthcare, Johnson & Johnson, GSI Technologies, Olympus Corporation, Conmed Corporation, Eschmann Equipment, Graphic Controls, Tianrun Medical, B. Braun, Stryker, Kirwan Surgical, Utah Medical, ZOLL Medical, Shining Health Care, Bovie Medical, Rhythmlink International, Ardiem Medical, Integer (Greatbatch Medical), Ad-Tech Medical, Screentec Medical, Kls Martin Group, Erbe Elektromedizin
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Electrodes for Medical Devices Market Report Segments:
The global Electrodes for Medical Devices market is segmented on the basis of:
Types
Disposable Medical Electrodes, Reusable Medical 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
ECG, EEG, EMG, Defibrillation, 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:
- 3M
- Ambu
- Covidien-Medtronic
- GE Healthcare
- Johnson & Johnson
- GSI Technologies
- Olympus Corporation
- Conmed Corporation
- Eschmann Equipment
- Graphic Controls
- Tianrun Medical
- B. Braun
- Stryker
- Kirwan Surgical
- Utah Medical
- ZOLL Medical
- Shining Health Care
- Bovie Medical
- Rhythmlink International
- Ardiem Medical
- Integer (Greatbatch Medical)
- Ad-Tech Medical
- Screentec Medical
- Kls Martin Group
- Erbe Elektromedizin
Highlights of The Electrodes for Medical Devices 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 Medical Electrodes
- Reusable Medical Electrodes
- By Application:
- ECG
- EEG
- EMG
- Defibrillation
- 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 Electrodes for Medical Devices 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:
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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?
Electrodes are medical devices that are inserted into the body to measure electrical activity. Electrodes can be used to monitor heart rate, blood pressure, and other vital signs.
Some of the major companies in the electrodes for medical devices market are 3M, Ambu, Covidien-Medtronic, GE Healthcare, Johnson & Johnson, GSI Technologies, Olympus Corporation, Conmed Corporation, Eschmann Equipment, Graphic Controls, Tianrun Medical, B. Braun, Stryker, Kirwan Surgical, Utah Medical, ZOLL Medical, Shining Health Care, Bovie Medical, Rhythmlink International, Ardiem Medical, Integer (Greatbatch Medical), Ad-Tech Medical, Screentec Medical, Kls Martin Group, Erbe Elektromedizin.
The electrodes for medical devices market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrodes for Medical Devices 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. Electrodes for Medical Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrodes for Medical Devices Market - Supply Chain
4.5. Global Electrodes for Medical Devices Market Forecast
4.5.1. Electrodes for Medical Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrodes for Medical Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrodes for Medical Devices Market Absolute $ Opportunity
5. Global Electrodes for Medical Devices 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. Electrodes for Medical Devices Market Size and Volume Forecast by Type
5.3.1. Disposable Medical Electrodes
5.3.2. Reusable Medical Electrodes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrodes for Medical Devices 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. Electrodes for Medical Devices Market Size and Volume Forecast by Application
6.3.1. ECG
6.3.2. EEG
6.3.3. EMG
6.3.4. Defibrillation
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrodes for Medical Devices 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. Electrodes for Medical Devices 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 Electrodes for Medical Devices 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. Electrodes for Medical Devices 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 Electrodes for Medical Devices Demand Share Forecast, 2019-2026
9. North America Electrodes for Medical Devices 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 Electrodes for Medical Devices 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 Electrodes for Medical Devices Market Size and Volume Forecast by Application
9.4.1. ECG
9.4.2. EEG
9.4.3. EMG
9.4.4. Defibrillation
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrodes for Medical Devices Market Size and Volume Forecast by Type
9.7.1. Disposable Medical Electrodes
9.7.2. Reusable Medical 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 Electrodes for Medical Devices Demand Share Forecast, 2019-2026
10. Latin America Electrodes for Medical Devices 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 Electrodes for Medical Devices 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 Electrodes for Medical Devices Market Size and Volume Forecast by Application
10.4.1. ECG
10.4.2. EEG
10.4.3. EMG
10.4.4. Defibrillation
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrodes for Medical Devices Market Size and Volume Forecast by Type
10.7.1. Disposable Medical Electrodes
10.7.2. Reusable Medical 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 Electrodes for Medical Devices Demand Share Forecast, 2019-2026
11. Europe Electrodes for Medical Devices 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 Electrodes for Medical Devices 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 Electrodes for Medical Devices Market Size and Volume Forecast by Application
11.4.1. ECG
11.4.2. EEG
11.4.3. EMG
11.4.4. Defibrillation
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrodes for Medical Devices Market Size and Volume Forecast by Type
11.7.1. Disposable Medical Electrodes
11.7.2. Reusable Medical 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
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrodes for Medical Devices Demand Share, 2019-2026
12. Asia Pacific Electrodes for Medical Devices 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 Electrodes for Medical Devices 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 Electrodes for Medical Devices Market Size and Volume Forecast by Application
12.4.1. ECG
12.4.2. EEG
12.4.3. EMG
12.4.4. Defibrillation
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrodes for Medical Devices Market Size and Volume Forecast by Type
12.7.1. Disposable Medical Electrodes
12.7.2. Reusable Medical 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 Electrodes for Medical Devices Demand Share, 2019-2026
13. Middle East & Africa Electrodes for Medical Devices 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 Electrodes for Medical Devices 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 Electrodes for Medical Devices Market Size and Volume Forecast by Application
13.4.1. ECG
13.4.2. EEG
13.4.3. EMG
13.4.4. Defibrillation
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrodes for Medical Devices Market Size and Volume Forecast by Type
13.7.1. Disposable Medical Electrodes
13.7.2. Reusable Medical 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 Electrodes for Medical Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrodes for Medical Devices Market: Market Share Analysis
14.2. Electrodes for Medical Devices Distributors and Customers
14.3. Electrodes for Medical Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ambu
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Covidien-Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE 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. Johnson & Johnson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GSI Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Olympus Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Conmed Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Eschmann Equipment
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Graphic Controls
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tianrun Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. B. Braun
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Stryker
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kirwan Surgical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Utah Medical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. ZOLL Medical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shining Health Care
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Bovie Medical
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Rhythmlink International
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Ardiem Medical
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
