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Medical Electrodes Market By Type (Diagnostics, Therapeutics) – Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Summary
Table Of Content

Market Insights

Medical Electrodes Market to Exhibit Healthy Growth during the Forecast Period from 2018 to 2026

The global medical electrodes market accounted for a value of US$ 1,217.3 Mn in 2017, and expected to attain US$ 2,406.9 Mn by 2026. Factors characterizing the growth of this market are globally growing elder population base, along with increasing adoption of medical electrodes for the diagnosis and treatment of various conditions, technological advances in medical electrodes, and rising preference for minimally invasive procedures.

The older population is highly prone to develop cardiovascular diseases (CVDs) and neurophysiological/neurological disorders. The World Health Organization (WHO) reported that global population aged 60 years and older has surged from 841.0 Mn in 2013 to 962.3 Mn in 2017, and projected to surpass 2.0 Bn by the end of 2050. Rising prevalence of diseases such as CVDs, circulatory disturbances, sleep disorders, Alzheimer’s disease, Parkinson’s disease (PD), brain disorders, Trigeminal Neuralgia (TGN), sinusitis, tinnitus, Raynaud’s disease, gout, and fibromyalgia are propelling the usage of medical device electrodes. Parkinson’s Foundation, a nonprofit organization, stated that currently, 10.0 Mn individuals across the globe are living with Parkinson’s disease. The WHO reported the global burden of neurological disorders accounted for a total of 94.6 Mn deaths in 2015, which is anticipated to cross 103 Mn by the end of 2030. The American College of Cardiology (ACC) Foundation reported that in 2015, around 422.7 Mn patients were suffering from CVDs and about 17.9 Mn patients died from same in 2016, accounting 31.0% of all worldwide deaths. Additionally, change in lifestyle across the world is causing sleep disorders wherein 20.0% of the global population is sleep deprived, thereby expected to propel the demand for medical device electrodes over the forecast period.

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Market Synopsis

The Diagnostics Segment to Command the Market from 2018 to 2026

Worldwide rising need for early diagnosis of CVDs, neurophysiological/neurological disorders, and sleep disorders coupled with mounting adoption of various diagnostic tests such as electrocardiography (ECG), electromyography (EMG), electroencephalography (EEG), electroretinography (ERG), and electronystagmography (ENG) are fuelling the demand for medical electrodes. Electrocardiography electrodes are portable, conductive, and adhesive in nature, thereby are highly used in capturing and storing patients’ heartbeats. Globally growing burden of CVDs along with a major focus on early diagnosis of CVDs is also supporting the dominance of the ECG electrodes among the diagnostics’ segment.

North America Led the Market in 2017 due to the Presence of Supportive Healthcare Infrastructure and Domicile of Key Market Players

North America would continue to dominate the market throughout the forecast period owing to the presence of key market participants, favorable healthcare infrastructure, higher adoption of medical electrodes, and availability of technologically developed electrodes including hydrogel & dry electrodes, which offers enhanced adhesion capability and better conduction features in comparison with gel-based electrodes.

On the other hand, implementation of Goods and Services Tax (GST) by the Indian government to avoid the double taxation/cascading effect, thus making it easier to start & expand businesses and comply with tax regulations is contributing to the significant growth of Asia Pacific. Large patient pool in Japan and China are also supporting the quick pace of Asia Pacific market. In addition, the supportive role of various governments across South Asia in practicing Government Reforms and Infrastructure Development (GRID) would assist in market growth in the near future.

The Presence of International Market Players Creates Market Penetration Challenging for New Entrants

Key participants in this industry are GE Healthcare, Boston Scientific Corporation, Medtronic plc, Thermo Fisher Scientific, Inc., Philips Healthcare, 3M Healthcare, C. R. Bard, Inc., CONMED Corporation, Asahi Kasei Corporation, and Natus Medical Incorporated. These manufacturers are adopting growth strategies such as new product launches, collaborations & partnerships, divestitures, mergers & acquisitions (M&As), and operational & geographical expansion. In March 2016, Natus Medical Incorporated acquired the assets of Neuro Quest, LLC; a U.S.-based neurodiagnostic services provider in order to strengthen its division namely Global Neuro-Diagnostics (GND).

Historical & Forecast Period

This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026.

Report Scope by Segments

This report on the global medical electrodes market emphasizes on the qualitative & quantitative analysis of present and future market dynamics. The report involves complete information on the global medical electrodes market by categorizing the market on the basis of type and geography. This report will assist the medical device companies, industry investors & associations, suppliers & distributors of the medical devices, venture capitalists, research & consulting organizations, healthcare professionals, and research & academic institutes in decision-making and strategizing the market position.

ATTRIBUTE	DETAILS
Research Period	2016-2026
Base Year	2017
Forecast Period	2018-2026
Historical Year	2016
Unit	USD Million
Segmentation	Type Segment (2016–2026; US$ Mn) • Diagnostics o Electrocardiography (ECG) Electrodes o Electroencephalography (EEG) Electrodes o Electromyography (EMG) Electrodes o Electroretinography (ERG) Electrodes o Fetal Scalp Electrodes (FSEs) o Others [Electronystagmography (ENG) Electrodes, Needle Electrodes, Ion-selective Electrodes (ISEs), and Textile Electrodes] • Therapeutics o Pacemaker Electrodes o Transcutaneous Electrical Nerve Stimulator (TENS) Electrodes o Defibrillator Electrodes o Electrosurgical Electrodes o Others [Electrical Muscle Stimulator (EMS) Electrodes and Functional Electrical Stimulator Electrodes]
Segmentation	Geography Segment (2016–2026; US$ Mn) • North America (United States and Canada) • Europe (U.K., Germany, Rest of Europe) • Asia Pacific (China, Japan, Rest of Asia Pacific) • Latin America (Brazil, Mexico, Rest of Latin America) • Middle East and Africa (GCC, Rest of MEA)

This report also covers the quantitative analysis of market dynamics/variables such as key market drivers, restraints, opportunities, and trends which deliver comprehensive market information of the overall medical electrodes industry. In addition, the report also incorporates a graphical illustration of the competitive landscape based on their market initiatives & strategies, product portfolio, financial information, and key developments. Major market contributors profiled in this report are GE Healthcare, Boston Scientific Corporation, Medtronic plc, Thermo Fisher Scientific, Inc., Philips Healthcare, 3M Healthcare, C. R. Bard, Inc., CONMED Corporation, Asahi Kasei Corporation, and Natus Medical Incorporated.

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Key questions answered in this report

What are the current market trends and dynamics in the medical electrodes market and valuable opportunities for emerging players?
Which electrode type segment contributes to the maximum market share?
Which segment accounts for the fastest CAGR during the forecast period?
Which diagnostics sub-segment holds the highest market share?
Which therapeutics sub-segment accounts for the largest market share?
What is the impact of high cost medical electrodes on the market?
Are low and middle-income economies investing in the medical electrodes market?
What is the market trend and dynamics in emerging markets such as Latin America and Middle East & Africa?

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approaches Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global ME Market
2.2 Global ME Market, by Type, 2017 (US$ Mn)
2.3 Global ME Market, by Geography, 2017 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Globally Growing Elderly Population Coupled With Rising Prevalence of Chronic and Other Diseases
3.2.1.2 Driver 2
3.2.2 Challenges
3.2.2.1 Challenge 1
3.2.2.2 Challenge 2
3.2.3 Opportunities
3.2.3.1 Opportunity 1
3.2.3.2 Opportunity 2
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017

Chapter 4 Global Medical Electrodes (ME) Market, by Type, 2016–2026 (US$ Mn)
4.1 Overview
4.2 Diagnostics
4.2.1 Electrocardiography (ECG) Electrodes
4.2.2 Electroencephalography (EEG) Electrodes
4.2.3 Electromyography (EMG) Electrodes
4.2.4 Electroretinography (ERG) Electrodes
4.2.5 Fetal Scalp Electrodes (FSEs)
4.2.6 Others [Electronystagmography (ENG) Electrodes, Needle Electrodes, Ion-selective Electrodes (ISEs), and Textile Electrodes]
4.3 Therapeutics
4.3.1 Pacemaker Electrodes
4.3.2 Transcutaneous Electrical Nerve Stimulator (TENS) Electrodes
4.3.3 Defibrillator Electrodes
4.3.4 Electrosurgical Electrodes
4.3.5 Others [Electrical Muscle Stimulator (EMS) Electrodes and Functional Electrical Stimulator Electrodes]

Chapter 5 Global Medical Electrodes (ME) Market, by Geography, 2016–2026 (US$ Mn)
5.1 Overview
5.2 North America
5.2.1 North America ME Market, by Type, 2016–2026 (US$ Mn)
5.2.2 North America ME Market, by Country, 2016–2026 (US$ Mn)
5.2.2.1 U.S.
5.2.2.2 Canada
5.3 Europe ME Market, 2016–2026 (US$ Mn)
5.3.1 Europe ME Market, by Type, 2016–2026 (US$ Mn)
5.3.2 Europe ME Market, by Country/Region, 2016–2026 (US$ Mn)
5.3.2.1 U.K.
5.3.2.2 Germany
5.3.2.3 Rest of Europe
5.4 Asia Pacific ME Market, 2016–2026 (US$ Mn)
5.4.1 Asia Pacific ME Market, by Type, 2016–2026 (US$ Mn)
5.4.2 Asia Pacific ME Market, by Country/Region, 2016–2026 (US$ Mn)
5.4.2.1 Japan
5.4.2.2 China
5.4.2.3 Rest of Asia Pacific
5.5 Latin America ME Market, 2016–2026 (US$ Mn)
5.5.1 Latin America ME Market, by Type, 2016–2026 (US$ Mn)
5.5.2 Latin America ME Market, by Country/Region, 2016–2026 (US$ Mn)
5.5.2.1 Brazil
5.5.2.2 Mexico
5.5.2.3 Rest of Latin America
5.6 Middle East & Africa ME Market, 2016–2026 (US$ Mn)
5.6.1 Middle East & Africa ME Market, by Type, 2016–2026 (US$ Mn)
5.6.2 Middle East & Africa ME Market, by Region, 2016–2026 (US$ Mn)
5.6.2.1 GCC
5.6.2.2 Rest of Middle East & Africa

Chapter 6 Company Profiles
6.1 GE Healthcare
6.2 Boston Scientific Corporation
6.3 Medtronic plc
6.4 Thermo Fisher Scientific, Inc.
6.5 Philips Healthcare
6.6 3M Healthcare
6.7 C. R. Bard, Inc.
6.8 CONMED Corporation
6.9 Asahi Kasei Corporation
6.10 Natus Medical Incorporated

List of Figures

FIG. 1 Global Medical Electrodes (ME) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global ME Market Segmentation
FIG. 4 Global ME Market, by Type, 2017 (US$ Mn)
FIG. 5 Global ME Market, by Geography, 2017 (US$ Mn)
FIG. 6 Attractive Investment Proposition, by Geography, 2017
FIG. 7 Market Positioning of Key Medical Electrodes Manufacturers, 2017
FIG. 8 Global Electrocardiography (ECG) Electrodes Market, 2016–2026 (US$ Mn)
FIG. 9 Global Electroencephalography (EEG) Electrodes Market, 2016–2026 (US$ Mn)
FIG. 10 Global Electromyography (EMG) Electrodes Market, 2016–2026 (US$ Mn)
FIG. 11 Global Electroretinography (ERG) Electrodes Market, 2016–2026 (US$ Mn)
FIG. 12 Global Fetal Scalp Electrodes (FSEs) Market, 2016–2026 (US$ Mn)
FIG. 13 Global Others [Electronystagmography (ENG) Electrodes, Needle Electrodes, Ion-selective Electrodes (ISEs), and Textile Electrodes] Market, 2016–2026 (US$ Mn)
FIG. 14 Global Pacemaker Electrodes Market, 2016–2026 (US$ Mn)
FIG. 15 Global Transcutaneous Electrical Nerve Stimulator (TENS) Electrodes Market, 2016–2026 (US$ Mn)
FIG. 16 Global Defibrillator Electrodes Market, 2016–2026 (US$ Mn)
FIG. 17 Global Electrosurgical Electrodes Market, 2016–2026 (US$ Mn)
FIG. 18 Global Others [Electrical Muscle Stimulator (EMS) Electrodes and Functional Electrical Stimulator Electrodes] Market, 2016–2026 (US$ Mn)
FIG. 19 U.S. ME Market, 2016–2026 (US$ Mn)
FIG. 20 Canada ME Market, 2016–2026 (US$ Mn)
FIG. 21 U.K. ME Market, 2016–2026 (US$ Mn)
FIG. 22 Germany ME Market, 2016–2026 (US$ Mn)
FIG. 23 Rest of Europe ME Market, 2016–2026 (US$ Mn)
FIG. 24 Japan ME Market, 2016–2026 (US$ Mn)
FIG. 25 China ME Market, 2016–2026 (US$ Mn)
FIG. 26 Rest of Asia Pacific ME Market, 2016–2026 (US$ Mn)
FIG. 27 Brazil ME Market, 2016–2026 (US$ Mn)
FIG. 28 Mexico ME Market, 2016–2026 (US$ Mn)
FIG. 29 Rest of Latin America ME Market, 2016–2026 (US$ Mn)
FIG. 30 GCC ME Market, 2016–2026 (US$ Mn)
FIG. 31 Rest of Middle East & Africa ME Market, 2016–2026 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Medical Electrodes (ME) Market (US$ Mn)
TABLE 2 Global ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 3 Global Diagnostic ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 4 Global Therapeutic ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 5 Global ME Market, by Geography, 2016–2026 (US$ Mn)
TABLE 6 North America ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 7 North America ME Market, by Country, 2016–2026 (US$ Mn)
TABLE 8 Europe ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 9 Europe ME Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 10 Latin America ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 11 Latin America ME Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 12 Asia Pacific ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 13 Asia Pacific ME Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 14 Latin America ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 15 Latin America ME Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 16 Middle East & Africa ME Market, by Type, 2016–2026 (US$ Mn)
TABLE 17 Middle East & Africa ME Market, by Region, 2016–2026 (US$ Mn)
TABLE 18 GE Healthcare: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 19 Boston Scientific Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Medtronic plc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Thermo Fisher Scientific, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; /Key Developments)
TABLE 22 Philips Healthcare: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 3M Healthcare: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 C. R. Bard, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 CONMED Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Asahi Kasei Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Natus Medical Incorporated: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Frequently Asked Questions

What is the size of Medical Electrodes Market?

The market for Medical Electrodes is expected to reach US$ 6.56 Bn in 2028.

What is the Medical Electrodes Market CAGR?

The Medical Electrodes market is expected to see significant CAGR growth over the coming years, at 15.0%.

What is the Forecast period considered for Medical Electrodes Market?

The report is forecasted from 2019-2027.

What is the base year considered for Medical Electrodes Market?

The base year of this report is 2021.

Who are the major players in this market?

Capgemini S.A., EMC Corporation, Hitachi, Ltd., Hewlett-Packard, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, SAS Institute, Tata Consultancy Services Ltd. are some of the major players in the global market.

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