Electrodes For Medical Devices Market Projected To Reach USD 2.0 Billion By 2025 : Grand View Research Inc.

Electrodes For Medical Devices Market Projected To Reach USD 2.0 Billion By 2025 : Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting”
According to report published by Grand View Research,Increasing prevalence of diseases such as Parkinson’s Disease (PD), Alzheimer’s, Trigeminal Neuralgia (TN or TGN), sinusitis, tinnitus, Raynaud’s disease, fibromyalgia, heart disorders, brain disorders, circulatory disturbances, gout, body ache and surge in minimally invasive surgeries are expected to drive the Electrodes For Medical Devices market growth.

According to a report,” Electrodes For Medical Devices Market Analysis By Type {Diagnostics (ECG, EEG, EMG, ERG, Fetal Scalp), Therapeutics (Pacemaker, TENS, Defibrillator, Electrosurgical)}, By Region, And Segment Forecasts, 2018 – 2025 “published by Grand View Research, Inc.,The global electrodes for medical devices market is expected to reach USD 2.0 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness lucrative growth during the forecast period, owing to increasing prevalence of chronic and other diseases such as heart diseases, Parkinson’s Disease (PD), Alzheimer’s disease, brain disorders, Trigeminal Neuralgia (TN or TGN), sinusitis, tinnitus, Raynaud’s disease, fibromyalgia, circulatory disturbances, gout, and body ache, across the globe. 

Key Takeaways from the report:

  • The diagnostic segment held a profitable revenue share in 2016 and is expected to grow at a significant rate over the forecast period.

  • Rising prevalence of heart diseases, fetal distress syndrome, ocular diseases, and neurological disorders make extensive use of Electrocardiogram (ECG), Electroencephalogram (EEG), electrosurgical, and fetal scalp electrodes

  • The therapeutic segment is anticipated to witness the fastest growth over the forecast period due to widened use of medical electrodes in aesthetic surgeries, RF ablation procedures, neurosurgical procedures, and acute & chronic pain treatments

  • Defibrillator and electrosurgical electrodes are projected to hold substantial market share over the forecast period. This can be attributed to the advanced development of wearable defibrillator that constantly monitors the cardiac rhythms of the wearer and identifies & notifies the user about the occurrence of any abnormality and helps regain the normal heart functionality

  • North America is expected to dominate the medical electrodes market during the forecast period, owing to the rising prevalence of CVDs, changing lifestyle of individuals, and presence of target population in the U.S. and Canada. In addition, the presence of advanced technologies with electrodes such as hydrogel and dry electrodes in the region are expected to spur the medical electrodes market growth.

  • Some of the key players in medical electrodes market are 3M Healthcare; Boston Scientific Corporation; GE Healthcare; C.R Bard Inc.; CONMED Corporation; Medtronic; Natus Medical Incorporated; Thermo Fisher Scientific Inc.; Asahi Kasei Corporation; and Philips Healthcare

U.S. Electrodes for medical devices market, by diagnostics, 2014 – 2025 (USD Million)

U.S. Electrodes for medical devices market, by diagnostics, 2014 - 2025 (USD Million)

 

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Global Electrodes for medical devices market, by type, 2016 (%)

 Global Electrodes for medical devices market, by type, 2016 (%)

Minimally Invasive Surgery (MIS) is one of the advancements in medical technology in which small incisions are made in the body for laparoscopy, endoscopy, arthroscopy, and other surgical procedures. This procedure is gaining popularity owing to faster recovery, lesser postsurgical infections, pain, & major bleeding, reduced scarring, and high accuracy benefits. In 2015, over 20.0 million Americans underwent MIS, which is expected to assist in the growth of this vertical during the forecast period.

 

Grand View Research has segmented the global electrodes for medical devices market on the basis of type and region:

Electrodes For Medical Devices Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Diagnostics

    • Electrocardiogram (ECG)

    • Electroencephalogram (EEG)

    • Electromyogram (EMG)

    • Electroretinogram (ERG)

    • Fetal Scalp

    • Other

  • Therapeutics

    • Pacemaker

    • Transcutaneous Electrical Nerve Stimulator (TENS)

    • Defibrillator

    • Electrosurgical

    • Other

Electrodes For Medical Devices Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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