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Medical Electrodes Market by Usability, Technology, Diagnostic Procedures, Application - Global Forecast to 2022

Medical Electrodes Market: Global Forecast until 2022

  • September 2017
  • 149 pages
  • ID: 5096181
In this report:
The cardiology segment is expected to account for the largest share of ##.##% of the diagnostic medical electrodes market in 2017 and is projected to register the highest CAGR of ##.##% during the forecast period.
In 2017, the US is expected to command the largest share of ~##.##% of the North American diagnostic medical electrodes market for cardiology.

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"Medical electrodes market forecasted to grow at a CAGR (Compound annual growth rate) of 4.70 percent"

The diagnostic medical electrodes market is forecasted to reach $732.40M by 2022 from $583.20M in 2017, at a compound annual growth rate (CAGR) of 4.70 percent. Increase in this sector is mainly influenced by the growing incidence and prevalence of neurological and cardiovascular disorders, growing investments in medical device research, and increasing preference for home and ambulatory healthcare. Additionally, emerging markets including China, India (IN), and Brazil (BR) are anticipated to offer significant increase opportunities for actors operating in the sector.

"Disposable electrodes are forecasted to witness high rise during the outlook period"

Established on usability, the industry is categorized as disposable and reusable electrodes. The disposable electrodes segment is forecasted to dominate this industry. The big share and high increase of this segment can be accredited to the increasing adoption of disposable electrodes due to advantages including cost effectiveness and the low risk of cross contamination.

"ECG to lead the medical electrodes market"

Established on diagnostic procedures, the sector is divided into the sector is divided into electrocardiography, electroencephalography, electromyography, and other procedures [electroretinography and electrooculography ]. Among these, the ECG segment accounts for the largest market share. This can be connected to the increasing prevalence of CVD, rising incidence of arrhythmias, and technological improvements in ECG electrodes.

"North America continent to lead the industry and Asia to witness high rise during the estimate period"

In 2017, North America (NA) is forecasted to account for the biggest share of the market. Elements such as high prevalence of cardiac and neurological diseases and growing product innovation in the territory are driving the increase of the North American market. Nevertheless, the Asian market is expected to register the highest compound annual growth rate (CAGR) during the outlook period. Increase in the Asian market is primarily attributed to the growing prevalence of cardiac and neurological diseases, increase in aging population, increasing adoption of advanced technologies, and the increasing focus of main actors on enhancing their presence in emerging Asian countries.

The primary interviews conducted for this business report can be categorized as follows:

• By Company category: Tier 1 - 30.0 percent; Tier 2 - 45.0 percent; Tier 3 - 25%.

• By Description: C-suite - 25.0 percent; D-level - 30.0 percent; Others - 45%.

• By Area: North America continent - 45.0 percent; Europe (EU) - 35.0 percent; Asia area - 12.0 percent; RoW - 8%.

• Cognionics, Incorporated

• Rhythmlink International, Limited liability company

Segment Research

The industry report offers an overview of the market. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including usability, technology, procedure, application, and area. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them with the best approximations of the revenue data for the global market and its sub-segments. This industry report will facilitate partners to comprehend the competitor overview better and acquire business insights to position their businesses better and make suitable go-to-market approaches. The market research also benefits partners comprehend the pulse of the sector and offer them with info concerning main market drivers and alternatives.

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