About Medical Electrodes
Medical electrodes are the type of surgical electrodes that are used with electrosurgical generators, which are electrosurgical electrodes. Medical electrodes are often used in patient care, tracking, and therapy. General surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and brain surgery are only a few of the areas where medical electrodes can be used. Electroencephalography (EEG, for monitoring brain activity), electrocardiography (ECG, for recording heartbeats), and electroconvulsive therapy (ECT, for electrical brain stimulation) are some of the most well-known medical electrodes. Medical electrodes market growth will be aided by increasing adoption rates of advanced technologies, as well as the presence of well-established healthcare infrastructure in various developed regions of the world. Growing capital investments in technical advances by biopharmaceutical companies, as well as a growing emphasis on minimally invasive procedures, will drive market growth even further.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for medical electrodes is fragmented by major players leading in innovation. The major focus of the players is to associate with a company of specialization and work on more products in order to be compatible with the complex instruments and biocompatibility. Significant mergers & acquisitions have happened in recent years thus indicating the growth potential in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Electrodes market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Medtronic (Ireland), Ambu (United States), Natus Medical Incorporated (United States), Rhythmlink International, LLC (United States), Koninklijke Philips N.V. (Netherlands), Cognionics, Inc. (United States), CONMED Corporation (United States), Leonhard Lang GmbH (Austria) and Nihon Kohden Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Compumedics Limited (Australia), G.Tec Medical Engineering GmbH (Austria), SOMNOmedics GmbH (Germany), NeuroSky, Inc. (United States) and General Healthcare (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Electrodes market by , Application (Cardiology, Neurophysiology, Electrosurgery, Intraoperative Monitoring (IOM) and Sleep Study) and Region.
On the basis of geography, the market of Medical Electrodes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Wet Electrodes will boost the Medical Electrodes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Modality, the sub-segment i.e. Motor Evoked Potentials (MEPs) will boost the Medical Electrodes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usability, the sub-segment i.e. Disposable Electrodes will boost the Medical Electrodes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Investment in Research to Provide Medical Solutions and Technological Innovations in Diagnostics Tools and Monitoring Techniques
Market Growth Drivers:
Rising Incidence of Cardiovascular and Neurological Disorders and Increasing Preferences of Home and Ambulatory Healthcare
Challenges:
Streight Government Regulatory Approval Procedure
Restraints:
High Cost of Medical Electrodes
Opportunities:
Growing Applications from the Emerging Markets and High Healthcare Expenditure in Developing Countries
Market Leaders and their expansionary development strategies
In Apr 2020, Nihon Kohden Corporation, a Japan-based manufacturer of precision medical products and services, announced the launch of a new Premium Disposable Gold Cup EEG Electrode.
In Dec 2020, NeuroOne Medical Technologies Corporation, a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, announced the first human commercial use of its Evo Cortical Electrode at Mayo Clinic in Rochester, Minnesota.
In December 2019, NeuroOne Medical Technologies Corporation announced that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance to market its thin-film cortical electrode technology for temporary (less than 30 days) recording, monitoring, and stimulation on the surface of the brain.
Key Target Audience
New Entrants & Investors, Research, Education & Training institutions, Medical Electrodes Manufacturers, Suppliers, Distributors & Dealers of Medical Electrodes, End-Use Industries, Hospitals & Clinics, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.