Global Electrodes for Medical Devices Report 2023: Market to Reach $2.2 Billion by 2030 - Growing Shift towards Single Use Electrodes Bodes Well for the Sector


Dublin, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The "Electrodes for Medical Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Electrodes for Medical Devices Market to Reach $2.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Electrodes for Medical Devices estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.2 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.

ECG Electrodes, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$502.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the EEG / EMG / ENG Electrodes segment is readjusted to a revised 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $449.4 Million, While China is Forecast to Grow at 6.5% CAGR

The Electrodes for Medical Devices market in the U.S. is estimated at US$449.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$457 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$292.9 Million by the year 2030.

Key Attributes:

Report AttributeDetails
No. of Pages182
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.6 Billion
Forecasted Market Value (USD) by 2030$2.2 Billion
Compound Annual Growth Rate4.1%
Regions CoveredGlobal

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Electrodes - An Integral Part of Most Medical Electronic Devices
  • Recent Market Activity
  • Current and Future Analysis
  • Expanding Aging Population Spurs Demand
  • Rising Disease Prevalence Fuels Market Growth
  • Portable Devices Drive Growth
  • Electrodes for Medical Devices - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

MARKET TRENDS & DRIVERS

  • Growing Shift towards Single Use Electrodes
  • Continued Use of Re-Usable Electrodes - A Cause of Concern
  • Inefficiency of Cleaning Procedures - Studied and Validated
  • Disposable Electrodes Help Stave Off HAIs
  • Re-Use of Single Use Electrode - Not a Safe Proposition
  • Wet Vs Dry Electrodes
  • Electrodes with Hydrogels Gain Popularity
  • Dry Electrodes Garner Significant Attention
  • Ambulatory Healthcare Drives Interest in Dry Electrode Technology
  • Dry Electrodes Overcome Short Circuit Issues in Arrays
  • Hybrid Wet-Dry Electrodes to Address Concerns in Individual Technologies
  • Nanotechnology to Enhance Functionality of Electrodes
  • Conducting Polymers Hold Promise as Effective Electrode Coating to Ease Implantation Procedure
  • Textile Electrodes - An Emerging Area of Interest
  • Popularity of Ag/AgCl as Electrode Material
  • Novel Electrode Backing Materials Enable Longer Application
  • Platinum Gains Popularity as Electrode Material
  • Trends in ECG Monitoring Electrodes
  • Electrodes Play a Pivotal Role in Growing Sophistication of Cardiac Monitoring
  • The Evolution of Electrode Materials in ECG
  • Dry Electrodes for ECG Take Multiple Forms
  • Demand for ECG Electrodes Continue to Rise
  • Dry ECG Electrodes yet to Make a Mark in Clinical Settings
  • A Focus on Issues Related to Use of Gel and Dry Electrodes in ECG
  • Flexible Electrodes Overcome Drawbacks of Solid Electrodes
  • Self-Adhesive Pads Gain Ground over Paddle Electrodes
  • Need for Superior Electrode Technology in Premature Infants Monitoring
  • New Graphene-Based Electrodes for ECG Shows Promise
  • FEEP Promises to Address Conventional Issues with Non-Contact ECG Electrodes
  • Silver Nanowire Dry Electrodes in Holter Monitors - New Research Work Shows Improved Holter's Efficiency
  • Offset Electrodes Overcome Motion Artifacts
  • Electrodes with Offset Studs Lose Appeal
  • Development of Wearable, Patch Monitors - A Threat to ECG Electrodes
  • Trends in EEG Electrodes
  • Surface Electrodes - The Most Popular EEG Electrode Option
  • Technological Advances in EEG Electrodes
  • Technological Advances in EEG Electrodes
  • Combination Material-Based EEG Electrodes - Most Common and Affordable
  • Defibrillator Electrodes - A Perspective of Historical Design Evolution
  • Disposable EEG Electrodes - Advantages and Disadvantages
  • Growing Popularity of Non-Invasive Techniques to Hamper Prospects of Fetal Scalp Electrodes
  • New, Less-Damaging Soft Electrodes Improve Diagnostic Outcomes in Brain Function
  • Dissolvable Electrodes in Development for Brain Diagnosis
  • New Miniature Ear-borne Electrodes Enable Unobtrusive EEG Recording
  • Competitive Landscape
  • Cardiac Electrodes Market Limited to Few Specialty Players
  • Neurophysiology Segment Witnesses Consolidation

FOCUS ON SELECT PLAYERS (Total 16 Featured)

  • 3M Company (US)
  • Ambu A/S (Denmark)
  • C.R Bard, Inc. (US)
  • CONMED Corporation (US)
  • Leonhard Lang GmbH (Austria)
  • Medtronic Plc. (Ireland)
  • Natus Medical Incorporated (US)
  • Nikomed USA, Inc. (US)
  • Philips Healthcare (The Netherlands)
  • Prosurg, Inc. (US)
  • Rhythmlink International, LLC (US)
  • Utah Medical Products, Inc. (US)
  • ZOLL Medical Corporation (US)

GLOBAL MARKET PERSPECTIVE

Segmented Analysis:

  • The market analysis covers various product segments, such as ECG electrodes, TENS electrodes, defibrillator electrodes, pacemaker electrodes, and more.
  • Each segment is analyzed for recent past, current, and future years, providing insights into sales patterns and projected growth.

Electrode Types and Categories:

  • Different types of electrodes, including disposable, reusable, dry, wet, needle, and EEG/EMG/ENG electrodes, are analyzed individually.
  • Sales data for these electrode categories is examined across geographic regions to identify trends and potential market drivers.

For more information about this report visit https://www.researchandmarkets.com/r/t9g7s8

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Global Market for Electrodes for Medical Devices

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