Market Overview:
The global therapeutic medical 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 various diseases and disorders, growing demand for minimally invasive surgeries, and rising number of surgical procedures. Based on type, the global therapeutic medical electrodes market is segmented into disposable and reusable electrodes. The disposable electrode segment is expected to grow at a higher CAGR than the reusable electrode segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as increasing preference for disposables over reusables due to their lower cost and easy disposal, growing awareness about hygiene among healthcare professionals and patients, and rising incidence of hospital-acquired infections (HAIs). Based on application, the global therapeutic medical electrodes market is divided into cardiology, neurophysiology, sleep disorders, intraoperative monitoring (IOM), surgical applications (including general surgery, orthopedic surgery,, plastic surgery,, urology,, gynecology), other applications (such as physical therapy & rehabilitation,, veterinary medicine),and region wise segments North America,. Latin America,. Europe,. Asia Pacific.,and Middle East & Africa). Among these applications ,the cardiology application segment accounted for majority share in 2017 owingto high prevalenceof cardiac diseases across different geographies .
Product Definition:
Therapeutic medical electrodes are devices that are used to deliver electrical current to the body in order to treat various medical conditions. The electrical current can help improve blood circulation, stimulate muscles and nerves, and reduce inflammation. Therapeutic medical electrodes can be used alone or in combination with other treatments, such as medication or physical therapy.
Disposable:
The global disposable is expected to grow at a lucrative CAGR during the forecast period. Increasing prevalence of diabetes and cardiovascular diseases, technological advancement in terms of product development & cost-effectiveness are few factors driving the growth of this market.
Therapeutic Medical Electrodes (TME) Market by Product (Disposable, Reusable), Application (Cardiac Monitoring, Pacing/Cardiac Rhythm Management), End Use.
Reusable:
Reusable therapeutic medical electrodes are used in the treatment of various disorders such as cardiac, respiratory and neurological diseases. These electrodes are made up of stainless steel and aluminum alloys which make them biocompatible. They have a capacity to withstand repeated use which makes them cost effective. The major factor driving the market is increasing prevalence of chronic disorders globally that require continuous monitoring or therapy for long term care.
Application Insights:
The other application segment includes oncology, urology, pain management, and others. Other applications are expected to witness the fastest growth owing to rising prevalence of chronic diseases such as cancer and diabetes. According to WHO in 2016, approximately 1 in 6 deaths occur due to cancer; globally over 2 million people die due to the disease every year.
Electrocardiography (ECG) is used for diagnosing various heart conditions including arrhythmia and heart block which require medical attention immediately. Thus rising usage of disposable ECG's for routine monitoring is anticipated fuel demand during the forecast period. On the other hand neurophysiology uses brain activity patterns obtained through electrodes placed on skin or muscles for diagnosing neurological disorders such as Parkinson's disease or epilepsy which requires immediate medical attention due to high risk of life-threatening complications if left untreated.
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 responsible for its large share. Moreover, growing awareness about various treatment options is also expected to drive the market during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income and improving healthcare facilities in emerging countries such as China and India. In addition, an increase in government initiatives aimed at increasing health awareness among people is further expected to fuel regional demand during the estimated time frame. For instance, according to WHO data published on their website (2017), around USD X billion has been invested by Indian government for developing a smart nation by 2020 with emphasis on health sector innovation & technology development; quality improvement; research collaboration; capacity building etc., which will ultimately boost regional product demand over next seven years or so till 2030 timeframe).
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is expected to drive the demand for therapeutic medical electrodes in the coming years.
- Growing awareness about advanced medical technologies: There is a growing awareness among people about the benefits of using advanced medical technologies such as therapeutic medical electrodes. This is likely to boost the demand for these devices in the near future.
- Rising number of surgical procedures: The number of surgical procedures being performed across the world is on the rise, which is expected to create a strong demand for therapeutic medical electrodes in coming years.
- Technological advancements: The technological advancements taking place in this field are helping manufacturers introduce innovative products into the market, thereby driving growth prospects for this market segmentation over time period considered hereunder study period 2016-2024 timeframe).
Scope Of The Report
Report Attributes
Report Details
Report Title
Therapeutic Medical Electrodes Market Research Report
By Type
Disposable, Reusable
By Application
Cardiology, Neurophysiology, Sleep Disorders, Intraoperative Monitoring (IOM), Surgical Applications, Other
By Companies
Koninklijke Philips, B. Braun, CONMED, GE Healthcare, Cognionics, Nihon Kohden, Cardinal, M, ZOLL Medical, Medtronic, Ambu A/S, Natus 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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Therapeutic Medical Electrodes Market Report Segments:
The global Therapeutic Medical 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:
- Koninklijke Philips
- B. Braun
- CONMED
- GE Healthcare
- Cognionics
- Nihon Kohden
- Cardinal
- M
- ZOLL Medical
- Medtronic
- Ambu A/S
- Natus Medical
Highlights of The Therapeutic Medical 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 Therapeutic Medical 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?
Therapeutic medical electrodes are devices that are used to deliver electrical stimulation to the body in order to treat a variety of conditions. These electrodes can be placed on the skin, inside the body, or on specific areas of the brain. They are often used in conjunction with other treatments such as surgery or medication.
Some of the major players in the therapeutic medical electrodes market are Koninklijke Philips, B. Braun, CONMED, GE Healthcare, Cognionics, Nihon Kohden, Cardinal, M, ZOLL Medical, Medtronic, Ambu A/S, Natus Medical.
The therapeutic medical 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 Therapeutic Medical 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 Therapeutic Medical Electrodes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Therapeutic Medical 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 Therapeutic Medical 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 Therapeutic Medical Electrodes Market Size & Forecast, 2020-2028
4.5.1 Therapeutic Medical Electrodes Market Size and Y-o-Y Growth
4.5.2 Therapeutic Medical 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 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 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 Therapeutic Medical 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 Therapeutic Medical 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 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 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 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 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 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 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 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 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) 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 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 Therapeutic Medical Electrodes Market: Competitive Dashboard
14.2 Global Therapeutic Medical Electrodes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koninklijke Philips
14.3.2 B. Braun
14.3.3 CONMED
14.3.4 GE Healthcare
14.3.5 Cognionics
14.3.6 Nihon Kohden
14.3.7 Cardinal
14.3.8 M
14.3.9 ZOLL Medical
14.3.10 Medtronic
14.3.11 Ambu A/S
14.3.12 Natus Medical
