Market Overview:
The global cutting loop electrodes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising number of surgical procedures. The use of cutting loop electrodes helps in reducing tissue damage and blood loss, which results in shorter hospital stays and faster recoveries for patients. Additionally, the growing geriatric population is also contributing to the growth of this market as they are more susceptible to surgical procedures. Based on type, the global cutting loop electrodes market can be segmented into monopole and twin pole electrodes. Monopole electrodes are more commonly used than twin pole electrodes as they provide better control over tissue excision and coagulation. Based on application, the global cutting loop electrode market can be segmented into hospitals, clinics, and others (including research institutes and training centers).
Product Definition:
The electrodes are used to cut the tissue and they are also known as knives.
Monopole:
Monopole is a natural tendency of electrical charges to be attracted towards positive electrode and away from negative one. It can be defined as the property of attracting or repelling charges by an electrically neutral body. In cutting loop electrodes, monopole plays a significant role in increasing efficiency and improving contact between metal surface and solution.
Twin Pole:
A twin-pole electrode is a type of electrical double layer capacitor consisting of two concentric conducting sheets. It is used in capacitors to provide polarity in the event of an AC short circuit. The structure consists of two metal electrodes with a dielectric between them, which are separated by an insulating layer that can be made from paper, plastic or glass wool.
The process involves the construction of a miniature battery out of thin wire.
Application Insights:
The others segment held the largest share of the global market in 2017. This segment includes home healthcare, long-term care facilities and other institutions such as research centers and laboratories. The demand for GCL electrodes is expected to increase due to an increase in Alzheimer¢â‚¬â„¢s disease, stroke, head trauma and traumatic brain injury cases across the globe. According to a study published by Tohoku University School of Medicine, Japan; around 1% - 2% of patients suffering from neurological disorders will experience seizures after undergoing surgery for their treatment. Therefore, increasing number of surgeries being performed globally for these conditions will drive demand over the forecast period.
Furthermore, owing to advancements in technology coupled with rising geriatric population groups worldwide; there has been an upsurge in number of clinical trials being performed especially pertaining to neurology which is also likely to boost industry growth over the forecast period thereby driving overall market growth during this timeframe.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing prevalence of chronic diseases are some major factors driving the regional demand. Moreover, rising government initiatives to support R&D activities for new drug development is expected to propel industry growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to rapid economic development coupled with increasing disposable income levels in emerging countries such as China and India. In addition, favorable government policies aimed at promoting medical tourism are expected drive industry expansion over the next eight years. For instance, according to a study published by National Health & Family Planning Commission (NHFPC), from January 2014to December 2015 approximately 1 million tourists visited China for medical reasons alone which generated revenue worth USD X billion for Chinese economy during that same year (Houben et al., 2016).
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 benefits offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Cutting loop electrodes are ideally suited for use in minimally invasive surgical procedures as they offer a high degree of precision and accuracy.
- Growing popularity of laparoscopic surgery: Laparoscopic surgery is a type of minimally invasive surgery that uses small incisions (usually 1-3 cm) instead of the large incision used in traditional open surgery procedures. This type of surgery has gained immense popularity in recent years due to its many benefits over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Cutting loop electrodes are ideally suited for use in laparoscopic surgical procedures as they offer a high degree of precision and accuracy.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cutting Loop Electrodes Market Research Report
By Type
Monopole, Twin Pole
By Application
Hospital, Clinic, Others
By Companies
BD, Karl Storz SE Co, RB Medical Engineering Ltd, Olympus Corporation, ACE Medical Devices Pvt. Ltd., EMED, Lamidey Noury Médical, Fairmont Medical, Delmont Imaging, Urotech Devices, Richard Wolf GmbH, MEDpro 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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Cutting Loop Electrodes Market Report Segments:
The global Cutting Loop Electrodes market is segmented on the basis of:
Types
Monopole, Twin Pole
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:
- BD
- Karl Storz SE Co
- RB Medical Engineering Ltd
- Olympus Corporation
- ACE Medical Devices Pvt. Ltd.
- EMED
- Lamidey Noury Médical
- Fairmont Medical
- Delmont Imaging
- Urotech Devices
- Richard Wolf GmbH
- MEDpro Medical
Highlights of The Cutting Loop 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:
- Monopole
- Twin Pole
- 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 Cutting Loop 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.
How you may use our products:
- Correctly Positioning New 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?
Cutting loop electrodes are a type of electrode that is used in electrocardiography (ECG). They are made up of a wire loop that is placed on the skin over the heart. The loop can be cut to create different types of ECGs.
Some of the major companies in the cutting loop electrodes market are BD, Karl Storz SE Co, RB Medical Engineering Ltd, Olympus Corporation, ACE Medical Devices Pvt. Ltd., EMED, Lamidey Noury M©dical, Fairmont Medical, Delmont Imaging, Urotech Devices, Richard Wolf GmbH, MEDpro Medical.
The cutting loop electrodes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cutting Loop Electrodes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cutting Loop Electrodes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cutting Loop Electrodes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cutting Loop Electrodes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cutting Loop Electrodes Market Size & Forecast, 2020-2028
4.5.1 Cutting Loop Electrodes Market Size and Y-o-Y Growth
4.5.2 Cutting Loop Electrodes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Monopole
5.2.2 Twin Pole
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cutting Loop Electrodes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cutting Loop Electrodes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Monopole
9.6.2 Twin Pole
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Monopole
10.6.2 Twin Pole
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Monopole
11.6.2 Twin Pole
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Monopole
12.6.2 Twin Pole
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Monopole
13.6.2 Twin Pole
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cutting Loop Electrodes Market: Competitive Dashboard
14.2 Global Cutting Loop Electrodes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BD
14.3.2 Karl Storz SE Co
14.3.3 RB Medical Engineering Ltd
14.3.4 Olympus Corporation
14.3.5 ACE Medical Devices Pvt. Ltd.
14.3.6 EMED
14.3.7 Lamidey Noury Médical
14.3.8 Fairmont Medical
14.3.9 Delmont Imaging
14.3.10 Urotech Devices
14.3.11 Richard Wolf GmbH
14.3.12 MEDpro Medical
