Market Overview:
The global medical wet 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 prevalence of chronic diseases, rising geriatric population, and technological advancements in medical devices. Based on type, the global medical wet electrodes market is segmented into disposable and reusable wet electrodes. The disposable wet electrode segment is expected to grow at a higher CAGR than the reusable wet electrode segment during the forecast period from 2018 to 2030. This can be attributed to factors such as increasing demand for minimally invasive surgeries and growing awareness about hygiene among healthcare professionals and patients. Based on application, the global medical wet electrodes market is divided into cardiology, neurophysiology, sleep disorders, intraoperative monitoring (IOM), surgical applications, and other applications.
Product Definition:
A medical wet electrode is a device used to measure the electrical activity of the heart. It is made up of a pad that attaches to the skin and a lead wire that attaches to an EKG machine. The pad collects the electrical signals from the heart and transmits them to the machine, which records them as an electrocardiogram (EKG).
Disposable:
The global disposable is expected to grow at a lucrative CAGR during the forecast period. The growth of this market can be attributed to factors such as increasing awareness about hospital acquired infections (HAIs), growing geriatric population, and rising healthcare expenditure in developing countries.
Reusable:
Reusable medical wet electrodes are used for the measurement of muscle strength, motor & sensory nerve action potentials and also to study the effect of drugs in patients. These electrodes are made from silver/silver-based alloy or stainless steel and have a capacity of up to 100 micro liters. The product is cost effective as compared to disposable ones which has led to its increased demand over the past few years.
Application Insights:
The global medical wet electrodes market is segmented on the basis of application into cardiology, neurophysiology, sleep disorders, intraoperative monitoring (IOM), surgical applications and others. The cardiology segment dominated the overall market in terms of revenue share in 2017. This can be attributed to factors such as increasing prevalence of cardiac diseases and technological advancements for advanced diagnostics that have increased demand for wet electrodes over recent years. For instance, introduction of portable ECG devices has led to an increase in the number of patients suffering from chest pain being diagnosed with heart block or atrial fibrillation which has consequently driven growth over recent years.
The surgical applications segment is expected to grow at a lucrative rate during the forecast period owing to increasing adoption across various regions coupled with rising awareness regarding its benefits and usage rates among healthcare professionals are some factors contributing towards growth during this period.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of chronic diseases, rising healthcare expenditure, and technological advancements. Moreover, an increase in R&D activities by various organizations is also expected to drive growth during the forecast period. Asia Pacific is anticipated to witness lucrative growth over the forecast period due to factors such as improving healthcare infrastructure and growing patient awareness regarding advanced technologies for diagnosis & treatment of various medical conditions. In addition, a rise in disposable income levels will also contribute toward regional growth during the same period. Furthermore, government initiatives for creating awareness about wet electrodes are expected to propel demand further.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical wet electrodes market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. This is because these surgeries are less risky and cause less pain and trauma as compared to traditional open surgery procedures.
- Growing geriatric population: The global medical wet electrodes market is also expected to grow at a CAGR of 5.5% during the forecast period due to the growing geriatric population across the world, who are more susceptible to various diseases and disorders that require surgical intervention.
- Rising prevalence of chronic diseases: The rising prevalence of chronic diseases such as cancer, heart disease, and diabetes is also contributing significantly towards the growth of the global medical wet electrodes market as these diseases often require surgical intervention for their treatment or management..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Wet Electrodes Market Research Report
By Type
Disposable, Reusable
By Application
Cardiology, Neurophysiology, Sleep Disorders, Intraoperative Monitoring (IOM), Surgical Applications, Other
By Companies
Cardinal, 3M, ZOLL Medical, Medtronic, Ambu A/S, Natus Medical, Koninklijke Philips, B. Braun, CONMED, GE Healthcare, Cognionics, Nihon Kohden
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Medical Wet Electrodes Market Report Segments:
The global Medical Wet Electrodes market is segmented on the basis of:
Types
Disposable, Reusable
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
Cardiology, Neurophysiology, Sleep Disorders, Intraoperative Monitoring (IOM), Surgical Applications, Other
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:
- Cardinal
- 3M
- ZOLL Medical
- Medtronic
- Ambu A/S
- Natus Medical
- Koninklijke Philips
- B. Braun
- CONMED
- GE Healthcare
- Cognionics
- Nihon Kohden
Highlights of The Medical Wet 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:
- Disposable
- Reusable
- By Application:
- Cardiology
- Neurophysiology
- Sleep Disorders
- Intraoperative Monitoring (IOM)
- Surgical Applications
- Other
- 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 Medical Wet 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?
Medical wet electrodes are a type of medical device that is used to measure electrical activity in the body. They are inserted into the body through a vein or artery and connected to an electronic device. The electronic device collects data about the electrical activity, which can be used to diagnose and treat medical conditions.
Some of the major companies in the medical wet electrodes market are Cardinal, 3M, ZOLL Medical, Medtronic, Ambu A/S, Natus Medical, Koninklijke Philips, B. Braun, CONMED, GE Healthcare, Cognionics, Nihon Kohden.
The medical wet electrodes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Wet 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 Medical Wet Electrodes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Wet 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 Medical Wet 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 Medical Wet Electrodes Market Size & Forecast, 2018-2028
4.5.1 Medical Wet Electrodes Market Size and Y-o-Y Growth
4.5.2 Medical Wet Electrodes Market Absolute $ Opportunity
Chapter 5 Global Medical Wet Electrodes 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 Medical Wet Electrodes Market Size Forecast by Type
5.2.1 Disposable
5.2.2 Reusable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Wet Electrodes 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 Medical Wet Electrodes Market Size Forecast by Applications
6.2.1 Cardiology
6.2.2 Neurophysiology
6.2.3 Sleep Disorders
6.2.4 Intraoperative Monitoring (IOM)
6.2.5 Surgical Applications
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Wet 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 Medical Wet 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 Medical Wet Electrodes Analysis and Forecast
9.1 Introduction
9.2 North America Medical Wet Electrodes 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 Medical Wet Electrodes Market Size Forecast by Type
9.6.1 Disposable
9.6.2 Reusable
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 Medical Wet Electrodes Market Size Forecast by Applications
9.10.1 Cardiology
9.10.2 Neurophysiology
9.10.3 Sleep Disorders
9.10.4 Intraoperative Monitoring (IOM)
9.10.5 Surgical Applications
9.10.6 Other
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 Medical Wet Electrodes Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Wet Electrodes 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 Medical Wet Electrodes Market Size Forecast by Type
10.6.1 Disposable
10.6.2 Reusable
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 Medical Wet Electrodes Market Size Forecast by Applications
10.10.1 Cardiology
10.10.2 Neurophysiology
10.10.3 Sleep Disorders
10.10.4 Intraoperative Monitoring (IOM)
10.10.5 Surgical Applications
10.10.6 Other
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 Medical Wet Electrodes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Wet Electrodes 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 Medical Wet Electrodes Market Size Forecast by Type
11.6.1 Disposable
11.6.2 Reusable
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 Medical Wet Electrodes Market Size Forecast by Applications
11.10.1 Cardiology
11.10.2 Neurophysiology
11.10.3 Sleep Disorders
11.10.4 Intraoperative Monitoring (IOM)
11.10.5 Surgical Applications
11.10.6 Other
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 Medical Wet Electrodes Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Wet Electrodes 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 Medical Wet Electrodes Market Size Forecast by Type
12.6.1 Disposable
12.6.2 Reusable
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 Medical Wet Electrodes Market Size Forecast by Applications
12.10.1 Cardiology
12.10.2 Neurophysiology
12.10.3 Sleep Disorders
12.10.4 Intraoperative Monitoring (IOM)
12.10.5 Surgical Applications
12.10.6 Other
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) Medical Wet Electrodes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Wet Electrodes 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) Medical Wet Electrodes Market Size Forecast by Type
13.6.1 Disposable
13.6.2 Reusable
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) Medical Wet Electrodes Market Size Forecast by Applications
13.10.1 Cardiology
13.10.2 Neurophysiology
13.10.3 Sleep Disorders
13.10.4 Intraoperative Monitoring (IOM)
13.10.5 Surgical Applications
13.10.6 Other
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 Medical Wet Electrodes Market: Competitive Dashboard
14.2 Global Medical Wet Electrodes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cardinal
14.3.2 3M
14.3.3 ZOLL Medical
14.3.4 Medtronic
14.3.5 Ambu A/S
14.3.6 Natus Medical
14.3.7 Koninklijke Philips
14.3.8 B. Braun
14.3.9 CONMED
14.3.10 GE Healthcare
14.3.11 Cognionics
14.3.12 Nihon Kohden
