Product Code: CMI501
The global medical electrodes market is estimated to be valued at USD 1,147.9 Mn in 2024 and is expected to reach USD 1,538.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 1,147.9 Mn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
4.30% |
2031 Value Projection: |
US$ 1,538.4 Mn |
Figure. Medical Electrodes Market Share (%), By Region, 2024
The global medical electrodes market has been witnessing steady growth over the years owing to the rising incidence of chronic disorders and increasing preference for home healthcare and ambulatory care services. Various technological advancements in medical devices have led to the development of advanced electrode types such as dry, needle, and solid gel electrodes that offer higher conductivity and precision. Moreover, growing investments by prominent players to develop patient-friendly electrodes are expanding the potential scope of the market. However, the high costs associated with medical electrodes limit their widespread adoption in developing countries. Nonetheless, the growing geriatric population susceptible to cardiovascular and neurological disorders will continue stimulating the demand for electrodes in the coming years.
Market Dynamics:
The global medical electrodes market is driven by the rising prevalence of target diseases, increasing investments in clinical research, and technical advancements in electrodes. However, high costs associated with medical devices act as a restraint. Emergence of home healthcare offers lucrative growth opportunities. The rising incidence of cardiovascular diseases, neurological disorders, and respiratory diseases across the globe has fueled the demand for medical equipment including electrodes for diagnosis and treatment. As per the World Health Organization (WHO), cardiovascular diseases remain the leading cause of death worldwide. This has prompted manufacturers to invest heavily in R&D to develop affordable and innovative electrode technologies. On the other hand, technical complexities and required expertise for production raise manufacturing costs. This hinders wider adoption, especially in developing nations with lower healthcare budgets. Nevertheless, the growing preference for non-institutional care is poised to present attractive opportunities. Home healthcare offers comfort to patients and reduces cost burdens on governments and private insurers. This is expected to augment the demand for easy-to-use electrodes for self-monitoring and home-based therapies.
Key Features of the Study:
- This report provides an in-depth analysis of the global medical electrodes market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global medical electrodes market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this 3M, Stryker, Medtronic, Natus Medical Incorporated, Cognionics, Inc., CONMED Corporation, ZOLL Medical Corporation, Nihon Kohden Corporation, BD, Ambu A/S, CooperSurgical Inc., Olympus Corporation, Baxter, Avery Dennison Corporation, Rhythmlink International, LLC., NeuroOne Medical Technologies Corporation, NeuroPace, Inc., and Koninklijke Philips NV.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global medical electrodes market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical electrodes market.
Detailed Segmentation-
- By Product Type:
- Surface Electrodes
- Needle Electrodes
- By Usability:
- Disposable Medical Electrodes
- Reusable Medical Electrodes
- By Modality:
- Electromyography (EMG)
- Electroencephalography (EEG)
- Electromyography (EMG)
- Brainstem Auditory Evoked Potentials (BAEPs)
- Others
- By Application:
- Cardiology
- Neurophysiology
- Electrosurgery
- Others
- By End User:
- Hospitals & Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- 3M
- Stryker
- Medtronic
- Natus Medical Incorporated
- Cognionics, Inc.
- CONMED Corporation
- ZOLL Medical Corporation
- Nihon Kohden Corporation
- BD
- Ambu A/S
- CooperSurgical Inc.
- Olympus Corporation
- Baxter
- Avery Dennison Corporation
- Rhythmlink International, LLC.
- NeuroOne Medical Technologies Corporation
- NeuroPace, Inc.
- Koninklijke Philips NV
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Usability
- Market Snapshot, By Modality
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Manufacturer Revenue
- Acquisitions and Partnerships Scenario
- Product Launches/Approvals
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Medical Electrodes Market- Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
5. Global Medical Electrodes Market, By Product Type, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Surface Electrodes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Needle Electrodes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Medical Electrodes Market, By Usability, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Disposable Medical Electrodes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Reusable Medical Electrodes
- Overview
- Market and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Medical Electrodes Market, By Modality, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Electromyography (EMG)
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Electroencephalography (EEG)
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Electromyography (EMG)
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Brainstem Auditory Evoked Potentials (BAEPs)
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Global Medical Electrodes Market, By Application, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Cardiology
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn Neurophysiology
- Electrosurgery
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn
9. Global Medical Electrodes Market, By End User, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hospitals & Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Diagnostic Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
10. Global Medical Electrodes Market, By Region, 2019 - 2031, (USD Mn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- Regional Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Usability, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Usability, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Usability, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Usability, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Usability, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Usability, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Modality, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Mn)
- North Africa
- Central Africa
- South Africa
11. Competitive Landscape
- Company Profiles
- 3M
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Stryker
- Medtronic
- Natus Medical Incorporated
- Cognionics, Inc.
- CONMED Corporation
- ZOLL Medical Corporation
- Nihon Kohden Corporation
- BD
- Ambu A/S
- CooperSurgical Inc.
- Olympus Corporation
- Baxter
- Avery Dennison Corporation
- Rhythmlink International, LLC.
- NeuroOne Medical Technologies Corporation
- NeuroPace, Inc.
- Koninklijke Philips NV
12. Analyst View
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
13. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact