What is Medical Electrodes Market?
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.
The market study is being classified, by Application (Cardiology, Neurophysiology, Electrosurgery, Intraoperative Monitoring (IOM) and Sleep Study) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Players which are also part of the research are Compumedics Limited (Australia), G.Tec Medical Engineering GmbH (Austria), SOMNOmedics GmbH (Germany), NeuroSky, Inc. (United States) and General Healthcare (United States).
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Electrodes market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Medical Electrodes market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Incidence of Cardiovascular and Neurological Disorders
- Increasing Preferences of Home and Ambulatory Healthcare
- Surging Investment in Research to Provide Medical Solutions
- Technological Innovations in Diagnostics Tools and Monitoring Techniques
- High Cost of Medical Electrodes
- Growing Applications from the Emerging Markets
- High Healthcare Expenditure in Developing Countries
- Streight Government Regulatory Approval Procedure
Market Leaders and some development strategies
In Sept 2017, Heraeus Medical Components is acquiring conductive polymer materials maker Biotectix.
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., and 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 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
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