September 25, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Electrodes Market Growth 2019-2024’, the worldwide medical electrodes market is anticipated to surpass US $1120 million by the year 2024.
Medical electrodes are medical equipment that transfer the energy of ionic currents into electric impulses in the body. The signals generated can be studied, amplified and utilized in diagnosing patient’s medical condition. These electrodes are made of metal, electrode conducting plate, and lead.
The medical electrodes can be combined with monitoring systems to offer a constant monitoring of patients suffering from various disorders and diseases. Increasing instances of ailments, growing geriatric population, advancements in medical technology, and rising adoption of better monitoring systems will foster the medical electrodes market growth.
According to the report, the global medical electrodes market was worth US $980 million in 2019 and is anticipated to grow at a CAGR of 2.7% by the year 2024. The study also presents comprehensive insight about the segmental share, growth opportunities, challenges, drivers and trends impacting the market growth.
Medical electrodes market is analyzed on the basis of application spectrum, product type and regional outlook. Considering the application spectrum, the market is fragmented as electrosurgery, cardiology, neurophysiology, and others. While speaking of the product type, the market is segmented as reusable electrodes and disposable electrodes.
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Based on the regional outlook, medical electrodes market is divided into four major regions which are Americas, Europe, Middle East & Africa, and Asia Pacific. Moreover, North America dominated the device market with 36% consumption share in 2017, while Europe held second position with a consumption share of 31% in the same year.
The prominent companies operating in medical electrodes market include Erbe Elektromedizin, 3M, KLS Martin Group, Ambu, Screentec Medical, Covidien-Medtronic, Ad-Tech Medical, GE Healthcare, Greatbatch Medical, Johnson & Johnson, Ardiem Medical, GSI Technologies, Rhythmlink International, Olympus Corporation, Bovie Medical, Conmed Corporation, Shining Health Care, Eschmann Equipment, ZOLL Medical, Graphic Controls, Utah Medical, Tianrun Medical, Kirwan Surgical, Stryker, and B. Braun.