Medical
Electrodes Market - Global Industry Insights, Trends, Size, Share, Outlook,
and Opportunity Analysis, 2018-2026
Medical electrodes are devices used to transfer energy of
ionic currents into electrical current in the body. The currents passed into
the body is amplified and has proved to be useful in diagnosing various
diseases. Medical electrodes are noninvasive and comprises a metal, electrode
conducting plate and lead. Medical electrodes progress with quantification of
internal ionic currents results in diagnosis of nervous, cardiac, ocular and
muscular disorders. The electrode works in combination with the electrical
contact between apparatus and monitoring system, which is used to monitor the
activities of the patient. The diseases
and health conditions treated with help of medical electrodes devices include
Alzheimer’s disease, Parkinson’s disease, body ache, and sinusitis. Medical
electrodes can be applied to fields of general surgery, fetal monitoring,
orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery etc.
Increasing prevalence of cardiology and neurological
diseases among the population drives growth of the global medical electrodes
market
According to The World Health Organization’s estimates in
2012, the global geriatric population was pegged at 901 million in 2015, which
is expected to increase over 2 billion by 2050. Geriatric population is highly
susceptible to various cardiology and neurological diseases, thus creating a
need for early diagnosis which can be achieved using medical electrodes.
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Factors that propel growth of the
market are exponential rise in population, higher disease prevalence, minimally
invasive nature of the treatment, low costs associated with the treatment,
compact and effective medical devices. Also, the use of nanotechnology for
developing miniaturized electrodes, increased focus on investment, encouraging
research and development, support from government and private organizations to
ensure access to quality care for vulnerable population, develop healthcare
workforce and focus on early diagnosis of diseases is expected to boost the global
medical electrodes market.
The electrosurgical electrodes
offers high precision in therapeutic electrodes segment, is expected to record
highest growth rate
Rising government interventions
to establish healthcare infrastructure dominates North America in the medical
electrodes market
Regional segmentation of the
medical electrodes market by Coherent Market Insights comprises North America,
Europe, Asia-Pacific, Latin America, Middle East, and Africa. According to the
Alzheimer’s Association estimates in 2017, 5 million Americans were diagnosed
with Alzheimer’s disease, and the number is expected to rise to over 16 million
by 2050. This creates a highly conducive environment for growth of the medical
electrodes market in North America, especially for neurological applications.
Installation of technologically advanced electrocardiogram (ECG) and
electromyogram (EMG) electrode system, have contributed towards the deployment
and higher sales of the medical electrode devices in North America.
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The medical electrodes industry
in Asia Pacific is expected to grow rapidly during the forecast period, owing
to rapid development of healthcare facilities, escalated government interventions
to develop compatible and inexpensive devices and rise in disposable income.
Next-generation wearable
technologies in medical electrode to boost the Medical Electrode Market
Key players operating the global
medical electrodes market are 3M Company, CONMED, Koninklijke Philips N.V.,
Cooper Surgical Inc., Medtronic PLC and C. R. Bard Inc. Pepin. The other
leading manufacturers in the market include Leonhard Lang GmbH, S&W Healthcare,
Ad-Tech Medical Instrument Corporation, ZOLL Medical Corporation and Avery
Dennison Corporation.
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