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. Market growth is largely driven by rising incidence of neurological & cardiovascular disorders, increasing investments in research for medical devices, and growing preference for home & ambulatory care services. Emerging markets in developing economies are expected to offer potential growth opportunities for players operating in the market. The medical electrodes market is segmented based on product, technology, usability, application, and region
The global medical electrodes market is fragmented. The prominent players operating in this market include Medtronic (Ireland), Ambu A/S (Denmark), 3M (US), Natus Medical Incorporated (US), Koninklijke Philips N.V. (Netherlands), B. Braun Melsungen AG (Germany), ZOLL Medical Corporation (US), Cardinal Health (US), CONMED Corporation (US), Nihon Kohden Corporation (Japan), Rhythmlink International, LLC (US), Cognionics, Inc. (US), GE Healthcare (US), Compumedics Limited (Australia), and Nissha Medical Technologies (Japan).
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Cardinal Health (US) is one of the leading players in the medical electrodes market. With a wide distribution network across the globe and a strong product portfolio, it has established itself as one of the leading market players. The company has a strong geographic presence worldwide, and the products are sold directly or through third-party distributors in the US, Canada, Europe, Asia Pacific, and other markets.
3M (US) is one of the prominent players in the medical electrodes market. The leading position of the firm can be attributed to its strong brand recognition and extensive product portfolio in this market. The strong product portfolio of the company is important for its future growth. The company has a strong presence in the US, Europe, and the Asia Pacific markets. Thus, the worldwide footprint and the critical nature of its products play a key role in expanding access to healthcare in emerging and developed countries.
ZOLL Medical Corporation (US) is one of the leading players in the medical electrodes market in 2020. The company’s product portfolio and strong geographic presence with a well-established distribution channel have helped it gain a competitive edge in the market. The company also has a well-established sales footprint in key countries.
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
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