The global medical electrodes market size reached USD 1024.5 Million in 2021 and is expected to register a revenue CAGR of 4.0% during the forecast period, according to latest analysis by Emergen Research. Increase in the prevalence of neurological disorders is a key factor driving the market revenue growth. According to the Alzheimer’s Association titled ‘2021 Alzheimer’s Disease Facts And Figures’ that one of the most common diseases in the world is neurological disorders. Alzheimer’s dementia is estimated to impact 6.2 million Americans age 65 and older. Increased research on neurophysiological pathways and increasing usage of medical electrodes will result from the rise in neurological diseases, which is projected to accelerate market expansion.
The Medical Electrodes Market report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Medical Electrodes market and pinpoint the fundamental growth trends.
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The global Medical Electrodes industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
3M Company, CONMED Corporation, Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corporation, General Electric Company, Natus Medical Incorporated, Cardinal Health, CooperSurgical Inc., and Dymedix
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Additional information offered by the report:
- Along with a complete overview of the global Medical Electrodes market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Medical Electrodes market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Surface Electrodes
- Needle Electrodes
Usability Outlook (Revenue, USD Million; 2019-2030)
- Disposable Medical Electrodes
- Reusable Medical Electrodes
Modality Outlook (Revenue, USD Million; 2019-2030)
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electromyography (EMG)
- Brainstem Auditory Evoked Potentials (BAEPS)
Radical Highlights of the Medical Electrodes Market Report:
- Comprehensive overview of the Medical Electrodes market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Medical Electrodes market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.