Medical Electrodes Market

Medical Electrodes Market by Product [Diagnostic Electrodes (ECG, EEG, EMG), Therapeutic Electrodes (Defibrillator, Pacemaker)], Technology (Wet, Dry, Needle), Application (Neurophysiology, IOM), Usage (Disposable, Reusable), - Global Forecast to 2026

Report Code: MD 5547 Jun, 2021, by marketsandmarkets.com

[208 Pages Report] The global medical electrode market is projected to reach USD 2.1 billion by 2026 from USD 1.7 billion in 2021, at a CAGR of 4.3% during the forecast period. Growth in the medical electrodes market is primarily driven by the rising incidence of neurological & cardiovascular disorders, increasing investments in research for medical devices, and growing preference for home & ambulatory care services. Emerging markets in Asian countries are expected to offer strong growth opportunities for players in the market. The medical electrodes market is segmented based on product, technology, usability, application, and region.

Medical Electrodes Market

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COVID-19 impact on the medical electrodes market

Globally, the outbreak of COVID-19 has impacted every aspect of the medical device industry, including the market for medical electrodes, as there are significant disruptions to businesses and economic activities across the world. The number of patient visits to hospitals, ambulatory surgery centers, and diagnostic laboratories has reduced significantly, despite the fact that emergency and OPD services are available in cardiology, neurology and other departments. Nationwide lockdowns and social distancing measures have reduced patient visits significantly. This has further reduced the sales of medical electrode products. Many of the leading players in the medical electrodes market, such as Ambu (Denmark), Cardinal Health (US), and CONMED Corporation (US), has registered a decline in sales for Q2 and Q3 of 2020 for their medical devices segment.

The overall reduced use of medical electrodes due to the declining volume of diagnostic, elective and non-essential procedures, the lower utilization of routine testing, reduced capital spending by customers, and a decrease in research activity due to laboratory closures and reduced clinical testing have all affected the market. Many countries have begun to reopen their economies, but it will take time for the utilization rates of medical electrodes to reach pre-pandemic levels. Furthermore, any resurgence in COVID-19 infections could result in new lockdowns, quarantine requirements, or other restrictions to slow down the spread of COVID-19, which could negatively impact market growth.

Global Medical Electrodes Market Dynamics

DRIVER: Rising incidence of neurological & cardiovascular disorders

The incidence of neurological & cardiovascular diseases and sleep disorders has significantly increased over the years. This increase has, in turn, driven the volume of diagnostic and treatment procedures conducted. Thus, the increasing demand for these procedures is likely to drive market growth. For instance, According to the World Health Organisation (WHO), cardiovascular disease (CVD) is a leading cause of death and disability worldwide. Globally, 17.9 million deaths due to CVD were reported in 2016; this figure is projected to increase to 23.6 million deaths by 2030.

OPPORTUNITY: Growth opportunities in emerging economies

Emerging economies such as BRIC (Brazil, Russia, India, and China) and countries in Latin America and Southeast Asia are expected to provide significant growth opportunities to players operating in the medical electrodes market. This can primarily be attributed to the low competition in these markets, large population, a growing number of cardiovascular and neurological diseases, and rising disposable income.

The wet electrode segment dominated the Medical electrodes market in 2020.

Based on technology, the medical electrodes market is categorized into dry electrodes, wet electrodes, and needle electrodes. The wet electrodes segment accounted for the largest share of the global medical electrodes market in 2020. The large share of this segment can be attributed to the greater preference for the high signal quality provided by wet electrodes.

The disposable electrodes segment to witness the highest CAGR during the forecast period.

Based on usability, medical electrodes are categorized into disposable electrodes and reusable electrodes. In 2020, the disposable electrodes segment dominated the medical electrodes market and is also expected to register a higher growth rate than the reusable electrodes segment during the forecast period. The large share of the disposable electrodes segment is attributed to the growing adoption of disposable electrodes owing to its low risk of cross-contamination and cost-effectiveness.

Medical Electrodes Market by Region

North America was the largest regional market for medical electrodes market in 2020.

The medical electrodes market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2020, North America was the largest regional segment of the overall market, followed by Europe. The large share of the North American market is attributed to factors such as the growing focus of technological advancements in medical electrodes, rising geriatric population, the increasing incidence of chronic diseases, and high healthcare expenditure in this region.

Key Market Players

The prominent players operating in this market include Cardinal Health (US), Zoll Medical Corporation (US), 3M (US), Medtronic (Ireland), and Ambu A/S (Denmark)

Scope of the report

Report Metric

Details

Market size available for years

2019–2026

Base year considered

2019

Forecast period

2021–2026

Forecast units

Value (USD Billion)

Segments covered

Product, Usability, Technology, Application, and Region

Geographies covered

North America, Europe, Asia Pacific, and the Rest of the World

Companies covered

Cardinal Health (US), 3M (US), ZOLL Medical Corporation (US), Medtronic (Ireland), Ambu A/S (Denmark), Natus Medical, Inc. (US), Koninklijke Philips N.V. (Netherlands), B. Braun Melsungen AG (Germany), CONMED Corporation (US), GE Healthcare (US), Cognionics, Inc. (US), Nihon Kohden Corporation (Japan), Rhythmlink International, LLC (US), Compumedics Limited (Australia), Nissha Medical Technologies (Japan), Boston Scientific Corporation (US), Medline Industries (US), SOMNOmedics GmbH (Germany), g.tec medical engineering GmbH (Austria), Medico Electrodes International Ltd. (India), EMED (Poland), COMEPA (France), TZ Medical (US), R&D Medical Products (US), and Wellmmlen Healthcare Tech. (Suzhou) Co., Ltd (China)

This report categorizes the medical electrodes market into the following segments and subsegments:

By Product

  • Diagnostic Medical Electrodes
    • Electrocardiography (ECG) Electrodes
    • Electroencephalography (EEG) Electrodes
    • Electromyography (EMG) Electrodes
    • Other Diagnostic Electrodes [electroretinography (ERG) electrodes and electrooculography (EOG) electrodes]
  • Therapeutic Medical Electrodes
    • Defibrillator Electrodes
    • Pacemaker Electrodes
    • TENS Electrodes
    • Electrosurgical Electrodes
    • Neuromuscular Stimulation Electrodes (NMES)
    • Other Therapeutic Electrodes (wound healing electrodes, blood gas electrodes, and iontophoresis electrodes) 

By Technology

  • Wet Electrodes
  • Dry Electrodes
  • Needle Electrodes

By Usability

  • Disposable Medical Electrodes
  • Reusable Medical Electrodes

By Application

  • Cardiology
  • Neurophysiology
  • Sleep Disorders
  • Intraoperative Monitoring (IOM)
  • Surgical Applications
  • Other Applications (vision disorders and wound healing)

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • RoE
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World

Recent Developments

  • In 2019, Medtronic (Ireland) entered into a distribution agreement with Alpha Omega (Israel). This agreement aimed to market Medtronic’s surgical navigation products designed for procedures in the brain.
  • In 2020, Natus Medical, Inc. (US) entered into a partnership with Holberg EEG AS (Norway). This partnership aims to improve and automate the diagnosis of epilepsy by developing and distributing an AutoSCORE algorithm worldwide.
  • In 2018, GE Healthcare (US) collaborated with Preventice Solutions (US). This collaboration is aimed to offer GE Healthcare ECG services into the home, creating a complete solution for monitoring ambulatory ECG patients.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSION & EXCLUSIONS
    1.3 MARKET SCOPE
           FIGURE 1 MEDICAL ELECTRODES MARKET
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 3 PRIMARY SOURCES
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.1 GROWTH FORECAST
                    FIGURE 6 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
                    FIGURE 7 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 COVID-19 ECONOMIC ASSESSMENT
    2.6 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO
           FIGURE 9 CRITERIA IMPACTING THE GLOBAL ECONOMY
           FIGURE 10 RECOVERY SCENARIO OF THE GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 42)
    3.1 INTRODUCTION
           FIGURE 11 MEDICAL ELECTRODE MARKET, BY PRODUCT, 2021 VS. 2026 (USD MILLION)
           FIGURE 12 MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION)
           FIGURE 13 MEDICAL ELECTRODES MARKET, BY USABILITY, 2021–2026 (USD MILLION)
           FIGURE 14 MEDICAL ELECTRODES MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
           FIGURE 15 GEOGRAPHIC SNAPSHOT OF THE MEDICAL ELECTRODES MARKET

4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 MEDICAL ELECTRODES MARKET OVERVIEW
           FIGURE 16 RISING INCIDENCE OF NEUROLOGICAL DISORDERS & CVD TO DRIVE MARKET GROWTH DURING THE FORECAST PERIOD
    4.2 ASIA PACIFIC: MEDICAL ELECTRODES MARKET, BY DIAGNOSTIC MEDICAL ELECTRODES & COUNTRY (2021)
           FIGURE 17 ELECTROCARDIOGRAPHY (ECG) ELECTRODES TO ACCOUNT FOR THE LARGEST SHARE, BY DIAGNOSTIC ELECTRODES, IN 2021
    4.3 MEDICAL ELECTRODES MARKET, BY PRODUCT, 2021-2026
           FIGURE 18 DIAGNOSTIC MEDICAL ELECTRODES ARE EXPECTED TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.4 MEDICAL ELECTRODES MARKET: GEOGRAPHIC SNAPSHOT
           FIGURE 19 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 MEDICAL ELECTRODES MARKET: DRIVERS AND OPPORTUNITIES
           5.2.1 DRIVERS
                    5.2.1.1 The rising incidence of neurological & cardiovascular disorders
                    5.2.1.2 Increasing investments in research for medical devices
                    5.2.1.3 Growing preference for home & ambulatory care services
                    5.2.1.4 Rising demand for minimally invasive surgeries
           5.2.2 OPPORTUNITIES
                    5.2.2.1 Growth opportunities in emerging economies
                               TABLE 1 ASIA: HEALTHCARE EXPENDITURE (% OF GDP), BY COUNTRY
    5.3 REGULATORY LANDSCAPE
           5.3.1 FDA
                    TABLE 2 US: REGULATORY APPROVAL PROCESS, BY DEVICE TYPE
           5.3.2 EUROPEAN REGULATIONS
           5.3.3 OTHER COUNTRIES
                    TABLE 3 MEDICAL DEVICE REGULATIONS, BY COUNTRY
    5.4 COVID-19 IMPACT ON THE MEDICAL ELECTRODES MARKET
    5.5 TECHNOLOGY ANALYSIS
    5.6 PRICING ANALYSIS
           TABLE 4 US: PRICE OF MEDICAL ELECTRODES, BY PRODUCT
    5.7 TRADE ANALYSIS
           TABLE 5 IMPORT DATA FOR ELECTROCARDIOGRAPHS, BY COUNTRY, 2016-2020 (USD MILLION)
           TABLE 6 EXPORT DATA FOR ELECTROCARDIOGRAPHS, BY COUNTRY, 2016-2020 (USD MILLION)
    5.8 PATENT ANALYSIS
    5.9 VALUE CHAIN ANALYSIS
           FIGURE 21 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASE
    5.10 SUPPLY CHAIN ANALYSIS
           FIGURE 22 DISTRIBUTION: A STRATEGY PREFERRED BY PROMINENT COMPANIES
    5.11 MEDICAL ELECTRODES ECOSYSTEM
           FIGURE 23 MEDICAL ELECTRODES ECOSYSTEM ANALYSIS
           5.11.1 ROLE IN ECOSYSTEM
    5.12 YCC SHIFT
    5.13 PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 HIGH CONSOLIDATION IN THE MARKET TO RESTRICT THE ENTRY OF NEW PLAYERS
           5.13.1 DEGREE OF COMPETITION
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF SUBSTITUTES
           5.13.5 THREAT OF NEW ENTRANTS

6 MEDICAL ELECTRODES MARKET, BY PRODUCT (Page No. - 65)
    6.1 INTRODUCTION
           TABLE 8 MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
    6.2 DIAGNOSTIC MEDICAL ELECTRODES
           TABLE 9 DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY TYPE, 2019–2026 (USD MILLION)
           TABLE 10 DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.2.1 ELECTROCARDIOGRAPHY (ECG) ELECTRODES
                    6.2.1.1 The rising prevalence of cardiovascular diseases to drive market growth for ECG electrodes
                               TABLE 11 ECG ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.2.2 ELECTROENCEPHALOGRAPHY (EEG) ELECTRODES
                    6.2.2.1 EEG electrodes help in monitoring seizure disorders and other brain conditions
                               TABLE 12 EEG ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.2.3 ELECTROMYOGRAPHY (EMG) ELECTRODES
                    6.2.3.1 Increasing incidences of neuromuscular disorders to drive the market growth
                               TABLE 13 EMG ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.2.4 OTHER DIAGNOSTIC ELECTRODES
                    TABLE 14 OTHER DIAGNOSTIC ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.3 THERAPEUTIC MEDICAL ELECTRODES
           TABLE 15 THERAPEUTIC MEDICAL ELECTRODES MARKET, BY TYPE, 2019–2026 (USD MILLION)
           TABLE 16 THERAPEUTIC ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.3.1 DEFIBRILLATOR ELECTRODES
                    6.3.1.1 Rising prevalence of CVD to drive the growth of this segment
                               TABLE 17 DEFIBRILLATOR ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.3.2 TRANSCUTANEOUS ELECTRICAL NERVE STIMULATION (TENS) ELECTRODES
                    6.3.2.1 Low cost and ease of use to support the market growth for this segment
                               TABLE 18 TENS ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.3.3 ELECTROSURGICAL ELECTRODES
                    6.3.3.1 Increasing demand for minimally invasive surgical procedures to drive the market growth
                               TABLE 19 ELECTROSURGICAL ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.3.4 PACEMAKER ELECTRODES
                    6.3.4.1 Rising geriatric population to drive market growth for pacemaker electrodes
                               TABLE 20 PACEMAKER ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.3.5 NEUROMUSCULAR ELECTRICAL STIMULATION (NMES) ELECTRODES
                    6.3.5.1 NMES electrodes are largely used in the field of neurorehabilitation
                               TABLE 21 NMES ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.3.6 OTHER THERAPEUTIC ELECTRODES
                    TABLE 22 OTHER THERAPEUTIC ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)

7 MEDICAL ELECTRODES MARKET, BY TECHNOLOGY (Page No. - 78)
    7.1 INTRODUCTION
           TABLE 23 MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
    7.2 WET ELECTRODES
           7.2.1 WET ELECTRODES OFFER HIGH-QUALITY SIGNAL RECORDING
                    TABLE 24 WET ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.3 DRY ELECTRODES
           7.3.1 TECHNOLOGICAL ADVANCEMENTS IN DRY ELECTRODES PROVIDE BETTER PATIENT COMFORT
                    TABLE 25 SPIKE SIZE OF ELECTRODES WITH ADVANTAGES AND DISADVANTAGES
                    TABLE 26 COMMERCIAL EEG SYSTEMS BASED ON DRY ELECTRODES
                    TABLE 27 DRY ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.4 NEEDLE ELECTRODES
           7.4.1 NEEDLE ELECTRODES ARE LESS SUSCEPTIBLE TO MOVEMENT ERRORS
                    TABLE 28 NEEDLE ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)

8 MEDICAL ELECTRODES MARKET, BY USABILITY (Page No. - 84)
    8.1 INTRODUCTION
           TABLE 29 MEDICAL ELECTRODES MARKET, BY USABILITY, 2019-2026 (USD MILLION)
    8.2 DISPOSABLE MEDICAL ELECTRODES
           8.2.1 GROWING PREVALENCE OF HAIS TO DRIVE THE MARKET GROWTH OF THIS SEGMENT
                    TABLE 30 DISPOSABLE MEDICAL ELECTRODES MARKET, BY REGION, 2019-2026 (USD MILLION)
    8.3 REUSABLE MEDICAL ELECTRODES
           8.3.1 THE HIGH MAINTENANCE COST OF REUSABLE ELECTRODES LIMITS ADOPTION
                    TABLE 31 REUSABLE MEDICAL ELECTRODES MARKET, BY REGION, 2019-2026 (USD MILLION)

9 MEDICAL ELECTRODES MARKET, BY APPLICATION (Page No. - 88)
    9.1 INTRODUCTION
           TABLE 32 MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019-2026 (USD MILLION)
    9.2 CARDIOLOGY
           9.2.1 INCREASING INCIDENCE OF CARDIOVASCULAR DISEASES TO DRIVE THE MARKET GROWTH
                    TABLE 33 MEDICAL ELECTRODES MARKET FOR CARDIOLOGY, BY REGION, 2019-2026 (USD MILLION)
    9.3 NEUROPHYSIOLOGY
           9.3.1 THE GROWING PREVALENCE OF BRAIN DISORDERS TO SUPPORT MARKET GROWTH FOR THIS SEGMENT
                    TABLE 34 MEDICAL ELECTRODES MARKET FOR NEUROPHYSIOLOGY, BY REGION, 2019-2026 (USD MILLION)
    9.4 SLEEP DISORDERS
           9.4.1 GROWING INCIDENCE OF SLEEP DISORDERS TO DRIVE THE GROWTH OF THIS SEGMENT
                    TABLE 35 MEDICAL ELECTRODES MARKET FOR SLEEP DISORDERS, BY REGION, 2019-2026 (USD MILLION)
    9.5 INTRAOPERATIVE MONITORING (IOM)
           9.5.1 IOM HELPS REDUCE THE RISK OF NEUROLOGICAL DEFICITS
                    TABLE 36 MEDICAL ELECTRODES MARKET FOR INTRAOPERATIVE MONITORING, BY REGION, 2019-2026 (USD MILLION)
    9.6 SURGICAL APPLICATIONS
           9.6.1 INCREASING NUMBER OF MINIMALLY INVASIVE SURGERIES TO DRIVE THE MARKET GROWTH FOR SURGICAL APPLICATIONS
                    TABLE 37 MEDICAL ELECTRODES MARKET FOR SURGICAL APPLICATIONS, BY REGION, 2019-2026 (USD MILLION)
    9.7 OTHER APPLICATIONS
           TABLE 38 MEDICAL ELECTRODES MARKET FOR OTHER APPLICATIONS, BY REGION, 2019-2026 (USD MILLION)

10 MEDICAL ELECTRODES MARKET, BY REGION (Page No. - 95)
     10.1 INTRODUCTION
             TABLE 39 MEDICAL ELECTRODES MARKET, BY REGION, 2019–2026 (USD MILLION)
     10.2 NORTH AMERICA
             FIGURE 24 NORTH AMERICA: MEDICAL ELECTRODES MARKET SNAPSHOT
             TABLE 40 NORTH AMERICA: MEDICAL ELECTRODES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 41 NORTH AMERICA: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 42 NORTH AMERICA: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 43 NORTH AMERICA: THERAPEUTIC ELECTRODES MARKET, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 44 NORTH AMERICA: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
             TABLE 45 NORTH AMERICA: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
             TABLE 46 NORTH AMERICA: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 The US accounts for the largest share of the North American market during the forecast period
                                     TABLE 47 US: KEY MACROINDICATORS
                                     TABLE 48 US: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 49 US: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 50 US: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 51 US: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 52 US: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 53 US: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.2.2 CANADA
                        10.2.2.1 Increasing research in the field of cardiology and neurology to drive the market
                                     TABLE 54 RESEARCH GRANTS FOR PATIENT MONITORING DEVICES IN CANADA
                                     TABLE 55 CANADA: KEY MACROINDICATORS
                                     TABLE 56 CANADA: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 57 CANADA: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 58 CANADA: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 59 CANADA: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 60 CANADA: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 61 CANADA: MEDICAL ELECTRODES MARKET, BY APPLICATION,2019–2026 (USD MILLION)
     10.3 EUROPE
             TABLE 62 EUROPE: MEDICAL ELECTRODES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 63 EUROPE: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 64 EUROPE: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 65 EUROPE: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 66 EUROPE: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
             TABLE 67 EUROPE: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
             TABLE 68 EUROPE: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Germany accounted for the largest share of the market in Europe in 2020
                                     TABLE 69 GERMANY: KEY MACROINDICATORS
                                     TABLE 70 GERMANY: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 71 GERMANY: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 72 GERMANY: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 73 GERMANY: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 74 GERMANY: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 75 GERMANY: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.3.2 FRANCE
                        10.3.2.1 High incidences of neurological disorders drive the market growth in France
                                     TABLE 76 FRANCE: KEY MACROINDICATORS
                                     TABLE 77 FRANCE: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 78 FRANCE: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 79 FRANCE: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 80 FRANCE: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 81 FRANCE: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 82 FRANCE: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.3.3 UK
                        10.3.3.1 Increasing investments in public and private sectors to drive the market growth
                                     TABLE 83 UK: KEY MACROINDICATORS
                                     TABLE 84 UK: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 85 UK: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 86 UK: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 87 UK: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 88 UK: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 89 UK: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.3.4 REST OF EUROPE (ROE)
                          TABLE 90 ROE: HEALTHCARE EXPENDITURE, BY COUNTRY, 2010 VS. 2018 (% OF GDP)
                          TABLE 91 ROE: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                          TABLE 92 ROE: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                          TABLE 93 ROE: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                          TABLE 94 ROE: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                          TABLE 95 ROE: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                          TABLE 96 ROE: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
     10.4 ASIA PACIFIC
             FIGURE 25 APAC: MEDICAL ELECTRODES MARKET SNAPSHOT
             TABLE 97 APAC: MEDICAL ELECTRODES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 98 APAC: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 99 APAC: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 100 APAC: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 101 APAC: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
             TABLE 102 APAC: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
             TABLE 103 APAC: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.4.1 JAPAN
                        10.4.1.1 The elderly population in Japan drives the market growth for medical devices
                                     TABLE 104 JAPAN: KEY MACROINDICATORS
                                     TABLE 105 JAPAN: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 106 JAPAN: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 107 JAPAN: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT,2019–2026 (USD MILLION)
                                     TABLE 108 JAPAN: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 109 JAPAN: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 110 JAPAN: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.4.2 CHINA
                        10.4.2.1 Developing healthcare infrastructure to boost the market growth for medical electrodes in China
                                     TABLE 111 CHINA: KEY MACROINDICATORS
                                     TABLE 112 CHINA: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 113 CHINA: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 114 CHINA: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 115 CHINA: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 116 CHINA: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 117 CHINA: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.4.3 INDIA
                        10.4.3.1 High incidence of cardiovascular and neurological diseases to drive the market
                                     TABLE 118 INDIA: KEY MACROINDICATORS
                                     TABLE 119 INDIA: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 120 INDIA: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 121 INDIA: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                     TABLE 122 INDIA: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 123 INDIA: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                                     TABLE 124 INDIA: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             10.4.4 ROAPAC
                        TABLE 125 ROAPAC: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                        TABLE 126 ROAPAC: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                        TABLE 127 ROAPAC: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                        TABLE 128 ROAPAC: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                        TABLE 129 ROAPAC: MEDICAL ELECTRODES MARKET, BY USABILITY, 2019–2026 (USD MILLION)
                        TABLE 130 ROAPAC: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
     10.5 REST OF THE WORLD
             TABLE 131 ROW: MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 132 ROW: DIAGNOSTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 133 ROW: THERAPEUTIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
             TABLE 134 ROW: MEDICAL ELECTRODES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
             TABLE 135 ROW: MEDICAL ELECTRODES MARKET, BY USABILITY,2019–2026 (USD MILLION)
             TABLE 136 ROW: MEDICAL ELECTRODES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 139)
     11.1 OVERVIEW
             FIGURE 26 KEY DEVELOPMENTS IN THE MEDICAL ELECTRODES MARKET, JANUARY 2018–APRIL 2021
     11.2 MARKET SHARE ANALYSIS
             TABLE 137 MEDICAL ELECTRODES MARKET: DEGREE OF COMPETITION (2019)
     11.3 COMPANY EVALUATION QUADRANT
             11.3.1 STARS
             11.3.2 EMERGING LEADERS
             11.3.3 PERVASIVE PLAYERS
             11.3.4 PARTICIPANTS
                        FIGURE 27 MEDICAL ELECTRODES MARKET: COMPANY EVALUATION QUADRANT, 2020
     11.4 COMPANY EVALUATION QUADRANT: SMES/START-UPS
             11.4.1 PROGRESSIVE COMPANIES
             11.4.2 STARTING BLOCKS
             11.4.3 RESPONSIVE COMPANIES
             11.4.4 DYNAMIC COMPANIES
                        FIGURE 28 MEDICAL ELECTRODES MARKET: COMPANY EVALUATION QUADRANT FOR SMES & START-UPS, 2020
     11.5 COMPETITIVE SCENARIO
             FIGURE 29 MARKET EVALUATION MATRIX, 2018–2021
             11.5.1 DEALS
                        TABLE 138 DEALS
             11.5.2 PRODUCT LAUNCHES
                        TABLE 139 PRODUCT LAUNCHES/APPROVALS
             11.5.3 OTHER DEVELOPMENTS
                         TABLE 140 OTHER DEVELOPMENTS
     11.6 COMPANY PRODUCT FOOTPRINT
           TABLE 141 COMPANY FOOTPRINT
           TABLE 142 COMPANY PRODUCT FOOTPRINT
           TABLE 143 COMPANY GEOGRAPHICAL FOOTPRINT

12 COMPANY PROFILES (Page No. - 152)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     12.1 KEY PLAYERS
             12.1.1 CARDINAL HEALTH
                        FIGURE 30 CARDINAL HEALTH: COMPANY SNAPSHOT (2020)
             12.1.2 3M
                        FIGURE 31 3M: COMPANY SNAPSHOT (2020)D
             12.1.3 ZOLL MEDICAL CORPORATION (PART OF ASAHI KASEI CORPORATION)
                        FIGURE 32 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT (2020)
             12.1.4 MEDTRONIC
                        FIGURE 33 MEDTRONIC: COMPANY SNAPSHOT (2020)
             12.1.5 AMBU A/S.
                        FIGURE 34 AMBU A/S: COMPANY SNAPSHOT (2020)
             12.1.6 NATUS MEDICAL INCORPORATED
                        FIGURE 35 NATUS MEDICAL INCORPORATED: COMPANY SNAPSHOT (2020)
             12.1.7 B. BRAUN MELSUNGEN AG
                        FIGURE 36 B. BRAUN MELSUNGEN AG: COMPANY SNAPSHOT (2020)
             12.1.8 CONMED CORPORATION
                        FIGURE 37 CONMED CORPORATION: COMPANY SNAPSHOT (2020)
             12.1.9 COMPUMEDICS LIMITED
                        FIGURE 38 COMPUMEDICS LIMITED.: COMPANY SNAPSHOT (2020)
             12.1.10 COGNIONICS, INC.
             12.1.11 GE HEALTHCARE (SUBSIDIARY OF GENERAL ELECTRIC COMPANY)
                        FIGURE 39 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT (2020)
             12.1.12 KONINKLIJKE PHILIPS N.V.
                        FIGURE 40 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2020)
             12.1.13 NIHON KOHDEN CORPORATION
                        FIGURE 41 NIHON KOHDEN CORPORATION.: COMPANY SNAPSHOT (2019)
             12.1.14 RHYTHMLINK INTERNATIONAL, LLC
             12.1.15 NISSHA MEDICAL TECHNOLOGIES (SUBSIDIARY OF NISSHA CO., LTD)
                        FIGURE 42 NISSHA CO., LTD.: COMPANY SNAPSHOT (2019)
     12.2 OTHER PLAYERS
             12.2.1 BOSTON SCIENTIFIC CORPORATION
             12.2.2 COMEPA
             12.2.3 EMED
             12.2.4 G.TEC MEDICAL ENGINEERING GMBH
             12.2.5 MEDICO ELECTRODES INTERNATIONAL LTD.
             12.2.6 TZ MEDICAL
             12.2.7 SOMNOMEDICSGMBH
             12.2.8 R&D MEDICAL PRODUCTS
             12.2.9 MEDLINE INDUSTRIES, INC.
             12.2.10 WELLMMLEN HEALTHCARE TECH. (SUZHOU) CO., LTD.
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

13 APPENDIX (Page No. - 201)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the medical electrodes market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary research was used mainly to identify and collect information for the extensive, technical, market-oriented, and commercial study of the medical electrodes market. The secondary sources used for this study include  World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), National Center for Biotechnology Information (NCBI), World Federation of Neurology (WFN), American Brain Foundation, Neurology Asia Journal, Brain Injury Association of America (BIAA), American Neurological Association (ANA), American Heart Association (AHA), British Cardiac Patients Association (BCPA), European Journal of Neurology, Annual Reports, SEC Filings, Investor Presentations, Expert Interviews, and MarketsandMarkets Analysis. These sources were also used to obtain key information about major players, market classification, and segmentation according to industry trends, regional/country-level markets, market developments, and technology perspectives.

Primary Research

In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify the critical qualitative and quantitative information as well as assess future prospects of the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is a breakdown of the primary respondents:

Medical Electrodes Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the medical electrodes market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research
  • The revenues generated from the medical electrodes business of leading players have been determined through primary and secondary research
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size from the market size estimation process, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the global medical electrodes market based on the product, usability, technology, application and region
  • To provide detailed information regarding the major factors influencing the growth of the market (such as drivers and opportunities)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall medical electrodes market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
  • To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
  • To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements, partnerships, and R&D activities in the medical electrodes market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:

Company Information

  • An additional five company profiles
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