Global Medical Electrodes Market Size, Trends, and Growth Opportunity, By Product (Diagnostics, Therapeutic), Usability (Reusable Medical Electrodes, Disposable Medical Electrodes), Technology (Needle Electrodes, Wet Electrodes, Dry Electrodes), Procedure (Electromyography (EMG), Electromyography, Electrocardiography (ECG), Electroencephalography (EEG), Brainstem Auditory Evoked Potentials, Other Procedures), Application (Cardiology, Intraoperative Monitoring, Neurophysiology, Sleep Disorders, Other Applications) By Region and forecast till 2030.
Global Medical Electrodes Market
Global Medical Electrodes Market was valued at USD 1.83 Billion in 2022 and is slated to reach USD 2.98 Billion by 2030 at a CAGR of 6.28 % from 2023-2030.
To convert the ionic current in the body into an electric current for biological measurements, a form of solid electronic conductor known as a medical electrode is frequently utilized. Lead, a metal component, and an electrode conducting paste are all components of the conductor. Numerous muscular, neurological, ocular, and cardiac diseases can be diagnosed with its assistance. In orthopedic, cardiovascular, and aesthetic procedures, they are widely used.
Market Drivers
The prevalence of chronic diseases is expected to increase, accelerating market expansion. High levels of tobacco use, physical inactivity, poor diet, excessive alcohol consumption, and other factors are all contributing to an increase in chronic diseases. Chronic disease incidence and expenses are rising in the United States, according to 2020 research by the American Action Forum. By analyzing, monitoring, and recording bodily processes during medication, such as heartbeat and brain waves, medical electrodes are used to treat chronic disorders. To strengthen their market positions, several industry participants are developing new technologies and cutting-edge medical electrode goods. For example, the Tokyo-based chemical manufacturer Shin-Etsu Chemical Co., Ltd. produced electrophysiological dry electrodes and high-elasticity wiring materials to help establish performance characteristics for the upcoming wearable technology in 2021. This element aided market expansion.
Market Restraints
To identify certain diseases, several technologies or apparatuses are employed. the cost of medical electrodes is rising. The technicians that manage this technology must put in long hours of work, and as a result, both the cost and effort are raised. These factors so inhibit market expansion.
Impact of COVID-19
The demand for specific kinds of medical electrodes has surged as a result of the epidemic, especially for those utilized in ECG and EEG applications. This is owing to COVID-19's potential to produce cardiac and neurological problems, both of which call for monitoring with special electrodes. The rise in telehealth services during the pandemic has also resulted in a rise in the use of remote monitoring tools like medical electrodes, which may be used to monitor patients from the comfort of their homes.
Recent Developments
The United States Food and Drug Administration (U.S. FDA) gave the iCE-SG subcutaneous electrode clear approval in 2021, according to the DC-based startup iCE Neuro Systems. It is made to track the electrical activity of the brain through the scalp's skin.
Market Segmentation
Global Medical Electrodes Market is segmented By Product, Technology, Procedure, Application, and Usability. By Products such as Diagnostics, Therapeutic. By Usability such as Reusable Medical Electrodes, Disposable Medical Electrodes. By Technology such as Needle Electrodes, Wet Electrodes, and Dry Electrodes. By Procedures such as Electromyography (EMG), Electromyography, Electrocardiography (ECG), Electroencephalography (EEG), Brainstem Auditory Evoked Potentials, and Other Procedures. By Applications such as Sleep Disorders, Cardiology, Intraoperative Monitoring, Neurophysiology, Other Applications.
Regional Analysis
Global Medical Electrodes Market is segmented into five regions Asia-Pacific, Americas, Europe, and the Middle East & Africa. Due to the region's growing private and public healthcare infrastructure, North America currently controls the majority of the global market for medical electrodes. The market growth rate is also accelerated by the demand for healthcare goods and services. Because of the rising usage of cutting-edge technology in the region, Asia-Pacific is anticipated to experience tremendous growth. Additionally, the prevalence of some chronic inflammatory diseases like cardiovascular conditions is promoting market expansion.
Key Players
This report includes a list of numerous Key Players, namely Wearable Sensing (U.S.), Medtronic (Ireland), and CONMED Corporation. (U.S.), Koninklijke Philips N.V. (Netherlands), Wearable Sensing (U.S.), NeuroSky (South Korea), Ambu A/S. (Denmark), NeuroWave Systems Inc (U.S.), Natus Medical Incorporated (U.S.), NIHON KOHDEN CORPORATION (Japan), NeuroSky (South Korea), Compumedics Limited (Australia), VectraCor (U.S.).
Market Taxonomy
By Product
• Diagnostics
• Electrocardiography (ECG) Electrodes
• Electroencephalography (EEG) Electrodes
• Electromyography (EMG) Electrodes
• Others
• Electroretinography (ERG) Electrodes
• Electrooculography (EOG) Electrodes
• Therapeutic
• Defibrillator Electrodes
• Pacemaker Electrodes
• TENS Electrodes
• Electrosurgical Electrodes
• Neuromuscular Stimulation Electrodes (NMES)
• Others
• Wound Healing Electrodes
• Blood Gas Electrodes
• Iontophoresis Electrodes
By Usability
• Disposable Medical Electrodes
• Reusable Medical Electrodes
By Technology
• Wet Electrodes
• Dry Electrodes
• Needle Electrodes
By Procedure
• Electrocardiography (ECG)
• Electroencephalography (EEG)
• Electromyography (EMG)
• Electromyography
• Brainstem Auditory Evoked Potentials
• Other Procedures
By Application
• Cardiology
• Neurophysiology
• Sleep Disorders
• Intraoperative Monitoring
• Other Applications
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Medical Electrodes Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Medical Electrodes Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Medical Electrodes Market, By Usability
5.1 Y-o-Y Growth Comparison, By Usability
5.2 Global Medical Electrodes Market Share Analysis, By Usability
5.3 Global Medical Electrodes Market Size and Forecast, By Usability
5.3.1 Disposable Medical Electrodes
5.3.2 Reusable Medical Electrodes
6 Global Medical Electrodes Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Medical Electrodes Market Share Analysis, By Product
6.3 Global Medical Electrodes Market Size and Forecast, By Product
6.3.1 Diagnostics
6.3.2 Electrocardiography (ECG) Electrodes
6.3.3 Electroencephalography (EEG) Electrodes
6.3.4 Electromyography (EMG) Electrodes
6.3.5 Others
6.3.6 Electroretinography (ERG) Electrodes
6.3.7 Electrooculography (EOG) Electrodes
6.3.8 Therapeutic
6.3.9 Defibrillator Electrodes
6.3.10 Pacemaker Electrodes
6.3.11 TENS Electrodes
6.3.12 Electrosurgical Electrodes
6.3.13 Neuromuscular Stimulation Electrodes (NMES)
6.3.14 Others
6.3.15 Wound Healing Electrodes
6.3.16 Blood Gas Electrodes
6.3.17 Iontophoresis Electrodes
7 Global Medical Electrodes Market, By Technology
7.1 Y-o-Y Growth Comparison, By Technology
7.2 Global Medical Electrodes Market Share Analysis, By Technology
7.3 Global Medical Electrodes Market Size and Forecast, By Technology
7.3.1 Wet Electrodes
7.3.2 Dry Electrodes
7.3.3 Needle Electrodes
8 Global Medical Electrodes Market, By Procedure
8.1 Y-o-Y Growth Comparison, By Procedure
8.2 Global Medical Electrodes Market Share Analysis, By Procedure
8.3 Global Medical Electrodes Market Size and Forecast, By Procedure
8.3.1 Electrocardiography (ECG)
8.3.2 Electroencephalography (EEG)
8.3.3 Electromyography (EMG)
8.3.4 Electromyography
8.3.5 Brainstem Auditory Evoked Potentials
8.3.6 Other Procedures
9 Global Medical Electrodes Market, By Application
9.1 Y-o-Y Growth Comparison, By Application
9.2 Global Medical Electrodes Market Share Analysis, By Application
9.3 Global Medical Electrodes Market Size and Forecast, By Application
9.3.1 Cardiology
9.3.2 Neurophysiology
9.3.3 Sleep Disorders
9.3.4 Intraoperative Monitoring
9.3.5 Other Applications
10 Global Medical Electrodes Market, By Region
10.1 Global Medical Electrodes Market Share Analysis, By Region
10.2 Global Medical Electrodes Market Share Analysis, By Region
10.3 Global Medical Electrodes Market Size and Forecast, By Region
11 North America Medical Electrodes Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Medical Electrodes Market Share Analysis, By Usability
11.3 North America Medical Electrodes Market Size and Forecast, By Product
11.4 North America Medical Electrodes Market Size and Forecast, By Technology
11.5 North America Medical Electrodes Market Size and Forecast, By Procedure
11.6 North America Medical Electrodes Market Size and Forecast, By Application
11.7 North America Medical Electrodes Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Medical Electrodes Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Medical Electrodes Market Share Analysis, By Usability
12.3 Europe Medical Electrodes Market Size and Forecast, By Product
12.4 Europe Medical Electrodes Market Size and Forecast, By Technology
12.5 Europe Medical Electrodes Market Size and Forecast, By Procedure
12.6 Europe Medical Electrodes Market Size and Forecast, By Application
12.7 Europe Medical Electrodes Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Medical Electrodes Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Medical Electrodes Market Share Analysis, By Usability
13.3 Asia Pacific Medical Electrodes Market Size and Forecast, By Product
13.4 Asia Pacific Medical Electrodes Market Size and Forecast, By Technology
13.5 Asia Pacific Medical Electrodes Market Size and Forecast, By Procedure
13.6 Asia Pacific Medical Electrodes Market Size and Forecast, By Application
13.7 Asia Pacific Medical Electrodes Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Medical Electrodes Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Medical Electrodes Market Share Analysis, By Usability
14.3 Latin America Medical Electrodes Market Size and Forecast, By Product
14.4 Latin America Medical Electrodes Market Size and Forecast, By Technology
14.5 Latin America Medical Electrodes Market Size and Forecast, By Procedure
14.6 Latin America Medical Electrodes Market Size and Forecast, By Application
14.7 Latin America Medical Electrodes Market Size and Forecast, Country
14.7.1. Brazil
14.7.2.Rest of Latin America
15 Middle East Medical Electrodes Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Medical Electrodes Market Share Analysis, By Usability
15.3 Middle East Medical Electrodes Market Size and Forecast, By Product
15.4 Middle East Medical Electrodes Market Size and Forecast, By Technology
15.5 Middle East Medical Electrodes Market Size and Forecast, By Procedure
15.6 Middle East Medical Electrodes Market Size and Forecast, By Application
15.7 Middle East Medical Electrodes Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Wearable Sensing (U.S.)
17.1.1 Overview
17.1.2 Types
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Medtronic (Ireland)
17.2.1 Overview
17.2.2 Types
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. NeuroSky (South Korea)
17.3.1 Overview
17.3.2 Types
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Ambu A/S. (Denmark)
17.4.1 Overview
17.4.2 Types
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 NeuroWave Systems Inc (U.S.)
17.5.1 Overview
17.5.2 Types
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Natus Medical Incorporated (U.S.)
17.6.1 Overview
17.6.2 Types
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 NIHON KOHDEN CORPORATION (Japan)
17.7.1 Overview
17.7.2 Types
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 NeuroSky (South Korea)
17.8.1 Overview
17.8.2 Types
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Compumedics Limited (Australia)
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 VectraCor (U.S.)
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
