The Global Market for Electrodes for Medical Devices is Projected to Reach US$2.4 Billion by 2022

Advancements in Medical Treatment & Diagnosis Drive the Importance of Medical Electrodes, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Electrodes for Medical Devices market. The global market for Electrodes for Medical Devices is projected to reach US$2.4 billion by 2022, driven by the growing popularity of non-invasive diagnostics, developments in electrode design, and growing diagnostic procedural volume in parallel to rising healthcare burden.

Biopotential electrodes or sensors are devices which, when placed on the skin, help capture electrical fields propagated in the form of ionic currents that are formed as a result of physiological activity in the body. Essentially, an electrode plays the role of an interface between the patient and the monitoring device. Analysis of the output helps analyzing human physiological activity and thereby health of an individual. Electrodes are incorporated in medical devices such as ECG, EEG, EMG, ENG, pacemakers, TENS and defibrillators among others. The market for electrodes, therefore, is primarily driven by the demand for diagnostic medical devices. Other factors such as aging population, growing incidence of obesity, rising prevalence of cardiac and neurological ailments, improving healthcare access, growing demand for portable medical devices, are also driving growth in the market. There is a growing shift towards the adoption of single-use electrodes against the backdrop of the growing focus to control cross infections in clinical neurophysiology. Several hospitals are implementing overall infection control programs to reduce the burden of HAIs in acute care facilities and as a result, the move towards disposable electrocardiography is gaining momentum.  

Technological advancements are enabling the development of new electrode design, sensors and transducers that provide the best possible interface between patient and machine. Innovations are primarily being directed at product features such as better skin integrity, improved interface between electrode surface and skin, minimize noise and enhance patient comfort. Considerable investments are therefore being injected into the development of dry electrodes, which help eliminate the need for adhesives as in wet electrodes, making them more long-lasting and comfortable for patients as well as more suitable for ambulatory settings. Significant developments are also underway at the material level, such as development of nanomaterial-based electrodes for long-term ECG measurement that provide higher flexibility and electrical conductivity. Further, graphene, a two-dimensional, single-layer nanomaterial, has also emerged as a possible material for use in electrodes in ECG monitoring with superlative chemical, physical and electrical properties. FEEP (fabric electrode with embedded polymer) that helps in rapid removal of static electricity and secure a clear ECG signal is also being analyzed as a potential electrode material.

  

As stated by the new market research report on Electrodes for Medical Devices, the United States represents the largest market worldwide, supported by societal aging, high surgery and diagnostic volume growth, superior healthcare infrastructure with advanced diagnostic technologies, and supportive reimbursement environment. Asia-Pacific ranks as the fastest growing market with a CAGR of 11.1% through the analysis period led by factors such as growing population and rising healthcare burden, rise of medical tourism in low cost Asian countries and the resulting development of diagnostic care infrastructure, changing lifestyles as a result of urbanization and the ensuing increase in nervous, muscular, ocular, cardiac, and other disorders that demand non-invasive testing. ECG Electrodes represents the largest product market, while Defibrillator Electrodes, pH Electrodes and TENS Electrodes are forecast to witness considerable growth prospects in the coming years.   

Major players covered in the report include 3M Company, Ambu A/S, C.R Bard, Inc., CONMED Corporation, Leonhard Lang GmbH, Medtronic Plc., Natus Medical Incorporated, Nikomed USA, Inc., Philips Healthcare, Prosurg, Inc., Rhythmlink International, LLC, Utah Medical Products, Inc. and ZOLL Medical Corporation among others.

The research report titled “Electrodes for Medical Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Electrodes for Medical Devices sales in US$ Thousands for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Product segments analyzed include Blood Gas Electrodes, Defibrillator Electrodes, ECG Electrodes, EEG/EMG/ENG Electrodes, Electrosurgical Electrodes, Ion-selective Electrodes, pH Electrodes, Pacemaker Electrodes and TENS Electrodes.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.