US Medical Electrodes Market by Trends, Key Players, Driver, Segmentation, Forecast to 2027 | COVID-19 Impact Analysis
Pune, Maharashtra, India, February 26 2021 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:Global Medical Electrodes Market is valued at USD 1150.04 million in 2018 and expected to reach USD 1503.21 million by 2025 with a CAGR of 3.90% over the forecast period. Rising investment in the healthcare industry, expected to improve the operating conditions within the industry, is likely to remain an important driver for US medical electrode market.
Scope of US Medical Electrode Market Reports
Medical electrodes transfer the energy of ionic currents into electrical current in the body. Medical electrodes are non-surgical and include a metal, lead and electrode containing plate. Patients suffering from various diseases such as neurology and cardiology related problem requires continuous monitoring, medical electrodes are used with monitoring systems to provide a diagnosis and continuous monitoring of such patients. It is used in the field of general surgery, orthopedic surgery, cosmetic surgery, cardiovascular surgery and so on.
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US Medical electrode Market report is segmented on the basis of type, applications, usability, end users and by regional & country level. Based upon type, US medical electrode market is segmented into wet, dry and needle. Based on applications the medical electrode market is segmented in to cardiology, neurophysiology, sleep disorders and intraoperative monitoring. Based on usability the market is segmented into disposable and reusable. Based upon end users the market is segmented into hospitals and diagnostic centers.
The regions covered in this Medical Electrode Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Medical electrode is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for US Medical electrode Market Reports- Some major key players for US Medical electrode market are General Electric Company, 3M, Medtronic Plc, Ambu A/S, CONMED Corporation, Koninklijke Philips NV, Natus Medical Incorporated, Compumedics Limited, Rhythmlink International LLC, Nihon Kohden Corporation, Lepu Medical Technology, Biotronik SE & Co. KG Zoll Medical Corporation, Abbott Laboratories, Oscor Inc., OSYPKA AG, Pacetronix Limited, Boston Scientific Corporation and others.
US Medical Electrode Market Dynamics –
Increasing use of medical electrodes in the diagnosis of cardiological and neurophysiological disorders is one of the primary factors for the rise in growth of the medical electrodes market. According to WHO, in 2016 17.9 million people died from cardiovascular diseases (CVDs), representing 31% of all US deaths. Out of these deaths, 85% are due to heart attack and stroke. Some of the major diseases that need medical electrodes are Parkinson’s disease, Alzheimer’s disease, heart disorders, brain disorders, gout and body ache. This will lead to increased rate of hospitalization, leading to growing demand of medical electrodes. However, issues related to biocompatibility with medical electrodes are one of the primary factors restraining the growth of this market. Medical electrodes are also becoming important majorly in the treatment of neurological syndromes such as Alzheimer’s and Parkinson’s, ensuring stable growth opportunities for the US market.
The US Medical electrode market is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). North America dominates medical electrode market due to factors such as high occurrence of neurological and cardiovascular disorder and increasing awareness about the benefits of early diagnosis. According to American Heart Association, approximately 84 million people in this country suffer from some form of cardiovascular disease, causing about 2,200 deaths a day, averaging 1 death in every 40 seconds. Such kind of chronic diseases may generate lucrative revenue in medical electrode market over forecast period in this region.
Europe holds second largest share in medical electrode market due to existence of well-established healthcare industry, significant funding in medical research and increasing health concern in this region. Asia-Pacific grow rapidly during the forecast period owing to geriatric population which will result into increase in number of cardiac, neuro and related disease which significantly relate to the medical electrode diagnosis and hence demand of this product increases in this region.
Geographically, this report split US into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in US Medical Electrodes Market.
Key Benefits for Medical Electrodes Market Reports
US market report covers in-depth historical and forecast analysis. US market research report provides detail information about Market Introduction, Market Summary, US market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level. US market report helps to identify opportunities in market place. US market report covers extensive analysis of emerging trends and competitive landscape.
US Medical Electrode Market Segmentation
By Type:
Wet Dry Needle
By Applications:
Cardiology Neurophysiology Sleep Disorders Intraoperative Monitoring
By Usability:
Disposable Reusable
By End-Users:
Hospitals Diagnostic Centers
By Region
North America
o U.S.
o Canada
o Mexico
Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
LAMEA
o Latin America
o Middle East
o Africa
Medical Electrodes Market Key Players:
Boston Scientific Corporation 3M C.R Bard, Inc. GENERAL ELECTRIC COMPANY Medtronic Conmed Corporation Thermo Fisher Scientific Inc. Natus Medical Incorporated Koninklijke Philips N.V. Asahi Kasei Corporation Others
This comprehensive report will provide:
Enhance your strategic decision making Assist with your research, presentations and business plans Show which emerging market opportunities to focus on Increase your industry knowledge Keep you up-to-date with crucial market developments Allow you to develop informed growth strategies Build your technical insight Illustrate trends to exploit Strengthen your analysis of competitors Provide risk analysis, helping you avoid the pitfalls other companies could make Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
Which are the driving factors responsible for the growth of market? Which are the roadblock factors of this market? What are the new opportunities, by which market will grow in coming years? What are the trends of this market? Which are main factors responsible for new product launch? How big is the US & regional market in terms of revenue, sales and production? How far will the market grow in forecast period in terms of revenue, sales and production? Which region is dominating the US market and what are the market shares of each region in the overall market in 2021? How will each segment grow over the forecast period and how much revenue will these segment account for in 2027? Which region has more opportunities?
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – US Medical Electrodes Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. US Medical Electrodes Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Medical Electrodes Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – US Medical Electrodes Market Overview: Quantitative Analysis
3.1. US Medical Electrodes Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2018- 2027
3.2. US Medical Electrodes Market Revenue Market Share (%), 2018- 2027
3.3. US Medical Electrodes Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2018- 2027
3.4. US Medical Electrodes Market Sales Market Share (%), 2018- 2027
4. Chapter – US Medical Electrodes Market Analysis: By Type
5. Chapter – US Medical Electrodes Market Analysis: By Usability
Continued….
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