Global Electrodes for Medical Device Market Report 2021: Market to Reach $794 Million by 2027 - Growing Shift Towards Single Use Electrodes

News provided by

Aug 20, 2021, 18:00 ET

DUBLIN, Aug. 20, 2021 /PRNewswire/ -- The "Electrodes for Medical Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Electrodes for Medical Devices Market to Reach $794 Million by 2027

Amid the COVID-19 crisis, the global market for Electrodes for Medical Devices estimated at US$664.9 Million in the year 2020, is projected to reach a revised size of US$794 Million by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027.

ECG Electrodes, one of the segments analyzed in the report, is projected to record a 2% CAGR and reach US$321.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the TENS Electrodes segment is readjusted to a revised 3.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $179.9 Million, While China is Forecast to Grow at 4.9% CAGR

The Electrodes for Medical Devices market in the U.S. is estimated at US$179.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$157.3 Million by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Ion-Selective Electrodes Segment to Record 3% CAGR

In the global Ion-Selective Electrodes segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$60.1 Million in the year 2020 will reach a projected size of US$71.7 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$108.9 Million by the year 2027, while Latin America will expand at a 3.9% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. 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
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS (Total 95 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)

3. 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
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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

United States
Canada
Japan
China
Europe
France
Germany
Italy
United Kingdom
Spain
Russia
Rest Of Europe
Asia-Pacific
Australia
India
South Korea
Rest Of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest Of Latin America
Middle East
Iran
Israel
Saudi Arabia
United Arab Emirates
Rest Of Middle East
Africa

IV. COMPETITION

Total Companies Profiled: 95

For more information about this report visit https://www.researchandmarkets.com/r/yhs5fd

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets