Market Overview:
The global neutral electrode cables market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The disposable type segment is expected to dominate the market in terms of revenue share during the forecast period, owing to its growing demand in hospital and clinic applications. The Asia Pacific region is expected to be the fastest-growing region for neutral electrode cables during the forecast period, followed by Europe and North America. Some of the key factors driving growth in this market include increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and growing investments by medical device manufacturers in R&D activities.
Product Definition:
A Neutral Electrode Cable (NEC) is a cable that connects the neutral terminal of an electrical system to the ground. The NEC ensures that electricity flows properly through an electrical system, and it also helps protect people and equipment from potentially dangerous electrical shocks.
Disposable:
Disposable, it's usage and growth factor in Neutral Electrode Cables market? Disposable, it's usage and growth factor in the market for neutral electrode cables. The global disposables industry is expected to witness significant gains over the forecast period owing to factors such as growing demand from end-use industries such as healthcare & life sciences, food processing & packaging, construction equipment manufacturing among others.
Reusable:
Reusable and it's usage in Neutral Electrode Cables market is a new term which came into existence after the introduction of electricity generation from non-fossil fuel sources. The electricity industry has been witnessing significant changes over the past few years owing to rising demand for power across the globe. One such change includes an increase in preference towards renewable energy resources, primarily solar and wind, as they are eco-friendly compared to other sources of energy.
Application Insights:
The hospital application segment led the global neutral electrode cables market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. This growth can be attributed to an increase in demand for advanced healthcare facilities, especially in developing countries like India and China. In addition, increasing investments by governments for the development of hospitals and medical infrastructure is expected to drive this segment further.
Neutral electrode cable systems are used widely across clinics & surgeries as they offer easy handling without getting tangled during use or after use. These cables help reduce patient¢â‚¬â„¢s anxiety as these devices do not cause any pain or discomfort while conducting electricity through them which helps improve patients¢â‚¬â„¢ satisfaction levels with regard to treatment received at clinics & surgeries equipped with such equipment compared to those who have undergone treatments using standard electrodes only.
Regional Analysis:
North America dominated the global market in 2017 owing to high healthcare expenditure, rising geriatric population, and increasing adoption of technologically advanced medical devices. Moreover, growing number of hospitals and clinics are also expected to drive the regional demand for NGECs over the forecast period. Europe accounted for a significant share in terms of revenue as well as volume in 2017 owing to high prevalence of chronic diseases coupled with government initiatives favoring innovation and development of new products.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income leading towards improved healthcare facilities along with an increase in investments by governments & private players promoting better treatment options at lower costs. In addition, favorable regulatory policies are likely boost regional product demand over the coming years (2018-2030).
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in smart grid infrastructure
- Rising number of power outages and blackouts
- Proliferation of renewable energy sources
- Development of next-generation energy storage technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Neutral Electrode Cables Market Research Report
By Type
Disposable, Reusable
By Application
Hospital, Clinic, Others
By Companies
Micromed Medizintechnik, Symmetry Surgical, Erbe, BOWA-electronic, Nissha, KLS Martin Group, FOTEK OOO, EMED, Lamidey Noury, Sutter Medizintechnik, COMEPA
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Neutral Electrode Cables Market Report Segments:
The global Neutral Electrode Cables 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
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:
- Micromed Medizintechnik
- Symmetry Surgical
- Erbe
- BOWA-electronic
- Nissha
- KLS Martin Group
- FOTEK OOO
- EMED
- Lamidey Noury
- Sutter Medizintechnik
- COMEPA
Highlights of The Neutral Electrode Cables 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:
- 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 Neutral Electrode Cables 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Neutral electrode cables are used to connect two pieces of equipment that have different potentials.
Some of the key players operating in the neutral electrode cables market are Micromed Medizintechnik, Symmetry Surgical, Erbe, BOWA-electronic, Nissha, KLS Martin Group, FOTEK OOO, EMED, Lamidey Noury, Sutter Medizintechnik, COMEPA.
The neutral electrode cables 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 Neutral Electrode Cables 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 Neutral Electrode Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neutral Electrode Cables 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 Neutral Electrode Cables 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 Neutral Electrode Cables Market Size & Forecast, 2020-2028
4.5.1 Neutral Electrode Cables Market Size and Y-o-Y Growth
4.5.2 Neutral Electrode Cables 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 Disposable
5.2.2 Reusable
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 Neutral Electrode Cables 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 Neutral Electrode Cables 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 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 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 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 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 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 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 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 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 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) 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 Neutral Electrode Cables Market: Competitive Dashboard
14.2 Global Neutral Electrode Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Micromed Medizintechnik
14.3.2 Symmetry Surgical
14.3.3 Erbe
14.3.4 BOWA-electronic
14.3.5 Nissha
14.3.6 KLS Martin Group
14.3.7 FOTEK OOO
14.3.8 EMED
14.3.9 Lamidey Noury
14.3.10 Sutter Medizintechnik
14.3.11 COMEPA
