Market Overview:
The global monitoring electrodes market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for disposable and reusable electrodes in various applications such as cardiology, neurophysiology, electrosurgery, and others. Additionally, the growing awareness about health and fitness is also propelling the growth of this market. However, factors such as high cost of disposable electrodes and stringent regulatory norms are restraining the growth of this market. On the basis of type, disposable electrodes held a major share in 2017 owing to their low cost and easy disposal after use.
Product Definition:
A monitoring electrode is a type of electrode that is used to measure the electrical activity of the heart. This type of electrode is typically inserted into a vein in the arm or leg, and it allows doctors to monitor the heart's activity in real-time.
Disposable Electrodes:
Disposable electrodes are used in various applications such as ECG, EEG, EOG and other diagnostic procedures. The global disposable electrodes market is expected to witness significant growth over the forecast period owing to factors such as increasing prevalence of cardiovascular diseases (CVDs), rising geriatric population base and growing awareness about early diagnosis. Moreover, technological advancements coupled with the introduction of new products are also anticipated to drive market growth during the forecast period.
Reusable Electrodes:
Reusable electrodes are used in monitoring electrodes market for continuous and noninvasive blood pressure measurement. They are made of stainless steel, silver, gold or flexible silicone rubber. The material used in the manufacturing process can have an effect on the performance of a reusable electrode. For example, stainless steel has good conductivity but is hard to bend; whereas silicone rubber is soft and flexible but has low conductivity.
Application Insights:
The cardiology segment dominated the global monitoring electrodes market in terms of revenue share in 2017. This is attributed to the rising prevalence of cardiac disorders and technological advancements for advanced diagnostics, which has led to an increase in demand for monitoring electrodes. For instance, introduction of wearable devices such as electrocardiograph have enabled real-time heart rate analysis during exercise or rest. Such developments are expected to fuel market growth over the forecast period.
Electrosurgery segment is anticipated to grow at a significant rate owing to increasing adoption due its benefits such as precise surgical site localization and minimal trauma compared with conventional surgeries performed through general anesthesia. Moreover, minimally invasive procedures ensure faster recovery along with reduced risk of infection post surgery which further boosts product demand globally.
Regional Analysis:
North America dominated the global market in 2017 owing to well-established healthcare infrastructure, high disposable income of patients and physicians, and increasing demand for minimally invasive surgeries. In addition, growing prevalence of chronic diseases such as cardiac arrhythmias is expected to drive the product demand over the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period due to rising geriatric population with a higher susceptibility toward various diseases along with improving healthcare facilities in emerging economies such as China and India. Moreover, economic development coupled with government initiatives aimed at reducing treatment costs by adopting advanced technologies will boost regional market growth during the forecast period.
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 owing to the increasing preference for minimally invasive procedures over traditional open surgery procedures, due to their shorter recovery time and lesser surgical trauma. Monitoring electrodes are extensively used in minimally invasive surgeries, as they help surgeons obtain real-time information about the patient's condition during the surgery.
- Growing prevalence of chronic diseases: The global prevalence of chronic diseases such as heart disease, stroke, diabetes, and cancer is on the rise due to changing lifestyles and aging populations. These diseases are often accompanied by various complications that can be life-threatening if not monitored properly during surgery or treatment thereof. This has led to an increase in demand for monitoring electrodes worldwide as they play a critical role in ensuring patient safety during such procedures/treatments.
- Technological advancements: Continuous technological advancements have resulted in the development of new and innovative monitoring electrode products that offer better performance and features than traditional products currently available in the market place .This has helped boost sales growth of monitoring electrodes globally .Some examples include wireless monitoring electrodes ,smart sensors embedded electrode arrays etc which offer many advantages like portability ,reduced infection rates etc over traditional wired electrodes .This trend is likely continue into future leadingto higher adoption ratesof these newer technologies among medical professionals .
Scope Of The Report
Report Attributes
Report Details
Report Title
Monitoring Electrodes Market Research Report
By Type
Disposable Electrodes, Reusable Electrodes
By Application
Cardiology, Neurophysiology, Electrosurgery, 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, 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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Monitoring Electrodes Market Report Segments:
The global Monitoring Electrodes market is segmented on the basis of:
Types
Disposable Electrodes, Reusable 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
Cardiology, Neurophysiology, Electrosurgery, 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
- Greatbatch Medical
- Ad-Tech Medical
- Screentec Medical
- Kls Martin Group
- Erbe Elektromedizin
Highlights of The Monitoring 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 Electrodes
- Reusable Electrodes
- By Application:
- Cardiology
- Neurophysiology
- Electrosurgery
- 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 Monitoring 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:
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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?
Monitoring electrodes are used to measure the electrical activity of a patient's brain. This information can be used to diagnose and monitor conditions such as epilepsy, stroke, and dementia.
Some of the major companies in the monitoring electrodes 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, Greatbatch Medical, Ad-Tech Medical, Screentec Medical, Kls Martin Group, Erbe Elektromedizin.
The monitoring 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 Monitoring 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 Monitoring Electrodes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monitoring 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 Monitoring 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 Monitoring Electrodes Market Size & Forecast, 2018-2028
4.5.1 Monitoring Electrodes Market Size and Y-o-Y Growth
4.5.2 Monitoring Electrodes Market Absolute $ Opportunity
Chapter 5 Global Monitoring 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 Monitoring Electrodes Market Size Forecast by Type
5.2.1 Disposable Electrodes
5.2.2 Reusable Electrodes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Monitoring 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 Monitoring Electrodes Market Size Forecast by Applications
6.2.1 Cardiology
6.2.2 Neurophysiology
6.2.3 Electrosurgery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monitoring 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 Monitoring 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 Monitoring Electrodes Analysis and Forecast
9.1 Introduction
9.2 North America Monitoring 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 Monitoring Electrodes Market Size Forecast by Type
9.6.1 Disposable Electrodes
9.6.2 Reusable Electrodes
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 Monitoring Electrodes Market Size Forecast by Applications
9.10.1 Cardiology
9.10.2 Neurophysiology
9.10.3 Electrosurgery
9.10.4 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 Monitoring Electrodes Analysis and Forecast
10.1 Introduction
10.2 Europe Monitoring 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 Monitoring Electrodes Market Size Forecast by Type
10.6.1 Disposable Electrodes
10.6.2 Reusable Electrodes
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 Monitoring Electrodes Market Size Forecast by Applications
10.10.1 Cardiology
10.10.2 Neurophysiology
10.10.3 Electrosurgery
10.10.4 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 Monitoring Electrodes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Monitoring 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 Monitoring Electrodes Market Size Forecast by Type
11.6.1 Disposable Electrodes
11.6.2 Reusable Electrodes
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 Monitoring Electrodes Market Size Forecast by Applications
11.10.1 Cardiology
11.10.2 Neurophysiology
11.10.3 Electrosurgery
11.10.4 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 Monitoring Electrodes Analysis and Forecast
12.1 Introduction
12.2 Latin America Monitoring 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 Monitoring Electrodes Market Size Forecast by Type
12.6.1 Disposable Electrodes
12.6.2 Reusable Electrodes
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 Monitoring Electrodes Market Size Forecast by Applications
12.10.1 Cardiology
12.10.2 Neurophysiology
12.10.3 Electrosurgery
12.10.4 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) Monitoring Electrodes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Monitoring 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) Monitoring Electrodes Market Size Forecast by Type
13.6.1 Disposable Electrodes
13.6.2 Reusable Electrodes
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) Monitoring Electrodes Market Size Forecast by Applications
13.10.1 Cardiology
13.10.2 Neurophysiology
13.10.3 Electrosurgery
13.10.4 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 Monitoring Electrodes Market: Competitive Dashboard
14.2 Global Monitoring Electrodes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Ambu
14.3.3 Covidien-Medtronic
14.3.4 GE Healthcare
14.3.5 Johnson & Johnson
14.3.6 GSI Technologies
14.3.7 Olympus Corporation
14.3.8 Conmed Corporation
14.3.9 Eschmann Equipment
14.3.10 Graphic Controls
14.3.11 Tianrun Medical
14.3.12 B. Braun
14.3.13 Stryker
14.3.14 Kirwan Surgical
14.3.15 Utah Medical
14.3.16 ZOLL Medical
14.3.17 Shining Health Care
14.3.18 Bovie Medical
14.3.19 Rhythmlink International
14.3.20 Ardiem Medical
14.3.21 Greatbatch Medical
14.3.22 Ad-Tech Medical
14.3.23 Screentec Medical
14.3.24 Kls Martin Group
14.3.25 Erbe Elektromedizin
