Market by Product, Usability, Type, Application and Country Outlook | Forecast 2022-2028
According to a research report by Triton, the medical electrodes market in Asia-Pacific is expected to progress with a CAGR of 5.80% over the forecasting period 2022-2028.
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The countries analyzed in this region include:
• South Korea
• ASEAN Countries
• Australia & New
Zealand
• Japan
• India
• China
• Rest of Asia-Pacific
According to estimates, there will be 456 million senior citizens in
Asia in 2025, representing a 14% growth from 2021. This indicates the increased
risk of diseases and a growing need for home and ambulatory
healthcare services. Additionally, due to rising consumer expectations and
technological advancements, there is a rising demand for remote patient
monitoring solutions and consumer-centric digital health ecosystems. According
to a report, digital health is expected to be valued at $100 billion by 2025,
up from $37 billion in 2020. Thus, rapid technological advancements and
digitalization will increase demand for more advanced and portable medical
electrode devices, propelling the regional market growth.
In Japan, the health system is distinguished by its Universal Insurance
Scheme, which allows people to select healthcare facilities and receive
high-quality care at a reasonable cost. In addition, the government introduced
the National Health Insurance Act in 2015 to provide society with comprehensive
medical and long-term care. Additionally, with an aging population and rising
disease prevalence, the medical electrode market is expected to expand due to
the applications of these electrodes in early diagnosis and treatment.
In India, government initiatives such as the production-linked incentive
scheme for medical devices in 2020 and the establishment of medical parks will
aid in increasing demand for the studied market. For instance, the government
allocated $11.3 billion to the healthcare and pharmaceutical sectors in the
Union budget for 2022-2023. In addition, the government announced a plan in
October 2021 to develop new cosmetics, drugs, and medical devices to increase
the acceptance of Indian medical devices in the global market. In 2014, the
government designated medical devices as a sunrise sector as part of the Make
in India campaign.
As the name implies, disposable electrodes are single-use electrodes.
Because of the lower initial cost, disposable electrodes are preferred over
reusable electrodes. Furthermore, because they are only used once, they
eliminate the risk of cross-contamination between patients and shorten the
lengthy sterilization process, ensuring patient safety. The studied report assesses the market’s growth based on type,
usability, application, and product. Here, the usability segment comprises disposable medical electrodes and reusable medical
electrodes.
The established players in the medical
electrodes market include 3M, Koninklijke Philips NV, Cardinal Health Inc.,
Dymedix Diagnostics, CR Bard Inc, and Pepin Manufacturing.
Founded in 2002 in India, Medico Electrodes is a leading manufacturer of
disposable ECG electrodes for diagnostic procedures and cardiac monitoring.
Besides India, the company sells its devices in more than 40 countries,
located across Europe, Latin America, Asia, and Africa. Medico is the world's
third-largest manufacturer of disposable center snap electrodes and the largest
outside of the United States. The company offers high-quality devices to ensure
the best possible interface between the machine and the patient interface.
Key deliverables of the
report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the medical electrodes market revenue growth in Asia-Pacific and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
●
A wide-ranging study of factors that will challenge the
Asia-Pacific medical electrodes market’s growth during the upcoming years
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report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
MEDICAL ELECTRODES MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE MEDICAL ELECTRODES MARKET
2.2. KEY
INSIGHTS
2.2.1. ADVANCEMENT
IN TECHNOLOGIES FOR THE DEVELOPMENT OF MEDICAL ELECTRODE DEVICES
2.2.2. HEALTHCARE
INITIATIVES BY GOVERNMENT
2.2.3. ECG
SEGMENT GAINING TRACTION IN THE MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.6.1. MANUFACTURING
2.6.2. TECHNOLOGY
INTEGRATION
2.6.3. DISTRIBUTORS/SUPPLIERS
2.6.4. END-USERS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. CONTRACTS
& AGREEMENTS
2.7.4. EXPANSIONS
& DIVESTITURES
2.8. MARKET
DRIVERS
2.8.1. GROWING
PREVALENCE OF CARDIOVASCULAR AND NEUROLOGICAL DISEASES
2.8.2. RISING
INVESTMENTS IN RESEARCH AND DEVELOPMENT OF HEALTHCARE SERVICES
2.8.3. RISING
PREFERENCE FOR AMBULATORY HEALTHCARE SERVICES
2.9. MARKET
CHALLENGES
2.9.1. STRINGENT
REGULATIONS IMPOSED BY GOVERNMENT
2.9.2. TIME-CONSUMING
PROCESS OF BIOCOMPATIBILITY TESTING
2.10. MARKET
OPPORTUNITIES
2.10.1. RISING
PREFERENCE FOR DISPOSABLE ELECTRODES
2.10.2. GROWING
DEMAND FOR MINIMALLY INVASIVE SURGERIES
3. ASIA-PACIFIC
MEDICAL ELECTRODES MARKET OUTLOOK - BY PRODUCT
3.1. SURFACE
ELECTRODES
3.2. NEEDLE
ELECTRODES
4. ASIA-PACIFIC
MEDICAL ELECTRODES MARKET OUTLOOK - BY USABILITY
4.1. DISPOSABLE
MEDICAL ELECTRODES
4.2. REUSABLE
MEDICAL ELECTRODES
5. ASIA-PACIFIC
MEDICAL ELECTRODES MARKET OUTLOOK - BY TYPE
5.1. DIAGNOSTIC
MEDICAL ELECTRODES
5.2. THERAPEUTIC
MEDICAL ELECTRODES
6. ASIA-PACIFIC
MEDICAL ELECTRODES MARKET OUTLOOK - BY APPLICATION
6.1. CARDIOLOGY
6.2. INTRAOPERATIVE
MONITORING
6.3. NEUROPHYSIOLOGY
6.4. SLEEP
DISORDERS
6.5. OTHER
APPLICATIONS
7. ASIA-PACIFIC
MEDICAL ELECTRODES MARKET – COUNTRY OUTLOOK
7.1. CHINA
7.2. JAPAN
7.3. INDIA
7.4. SOUTH
KOREA
7.5. ASEAN
COUNTRIES
7.6. AUSTRALIA
& NEW ZEALAND
7.7. REST
OF ASIA-PACIFIC
8. COMPETITIVE
LANDSCAPE
8.1. 3M
8.2. CONMED
CORPORATION
8.3. MEDTRONIC
PLC
8.4. CARDINAL
HEALTH INC.
8.5. AMBU
A/S
8.6. ZOLL
MEDICAL CORPORATION
8.7. DYMEDIX
DIAGNOSTICS
8.8. COGNIONICS
8.9. COOPER
SURGICAL
8.10. CR
BARD INC
8.11. RHYTHMLINK
INTERNATIONAL
8.12. NATUS
MEDICAL INCORPORATED
8.13. PEPIN
MANUFACTURING
8.14. MEDICO
ELECTRODES
8.15. KONINKLIJKE
PHILIPS NV
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: LIST OF
ACQUISITIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
CONTRACTS & AGREEMENTS
TABLE 6: LIST OF
INVESTMENTS & EXPANSIONS
TABLE 7:ASIA-PACIFIC
MEDICAL ELECTRODES MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
MEDICAL ELECTRODES MARKET, BY USABILITY, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
MEDICAL ELECTRODES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
MEDICAL ELECTRODES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 11:
ASIA-PACIFIC MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY PRODUCT, 2021 &
2028 (IN %)
FIGURE 4: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY SURFACE ELECTRODES,
2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY NEEDLE ELECTRODES,
2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY USABILITY, 2021
& 2028 (IN %)
FIGURE 7: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY DISPOSABLE MEDICAL
ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY REUSABLE MEDICAL
ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY TYPE, 2021 &
2028 (IN %)
FIGURE 10: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY DIAGNOSTIC MEDICAL
ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY THERAPEUTIC MEDICAL
ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY APPLICATION, 2021
& 2028 (IN %)
FIGURE 13: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY CARDIOLOGY,
2022-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY INTRAOPERATIVE
MONITORING, 2022-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY NEUROPHYSIOLOGY,
2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY SLEEP DISORDERS,
2022-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, BY OTHER APPLICATIONS,
2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2021
& 2028 (IN %)
FIGURE 19: CHINA MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: JAPAN MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: INDIA MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: SOUTH KOREA MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: ASEAN COUNTRIES MEDICAL ELECTRODES MARKET 2022-2028 (IN $
MILLION)
FIGURE 24: AUSTRALIA & NEW ZEALAND MEDICAL ELECTRODES MARKET
2022-2028 (IN $ MILLION)
FIGURE 25: REST OF ASIA-PACIFIC MEDICAL ELECTRODES MARKET 2022-2028 (IN $
MILLION)