Market by Product, Usability, Type, Application and Country Outlook | Forecast 2022-2028
Triton Market Research has highlighted that the North America medical electrodes market would grow with a CAGR of 4.46% during the forecasted period from 2022 to 2028.
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• The United States
• Canada
According to a reports,
28% of the region’s population is expected to age 60 years and above by 2050.
The increasing geriatric population will lead to a rise in cardiovascular, neurological,
and sleep-related disorders. This is anticipated to create a requirement for
early diagnosis of such diseases, achieved by medical electrodes, thereby
driving market growth. Additionally, medical electrodes have been made portable
with technological advancements, making them easier to use. Further, the
advanced healthcare infrastructure and high digital literacy are expected to
boost the region’s market growth throughout the forecast period.
In the United States,
the demand for medical electrodes is driven by rising cardiovascular and
neurological diseases, increasing healthcare expenditure and the presence of
key market players. The geriatric population in the country is increasing, leading
to a rise in cardiovascular diseases, sleep disorders, and other conditions.
According to the Centers for Disease Control and Prevention, heart disease is
the leading cause of death in the country, with approximately 659,000 people
dying every year as a result of the disease. Following the pandemic, federal
government healthcare spending increased by 36% in 2020. In 2020, hospital
spending increased by 6.4% to $1270.1 billion. The rising prevalence of
diseases and increasing healthcare expenditure, combined with advanced
technology, are expected to drive demand for medical electrodes.
The medical electrodes
market in Canada is expected to grow steadily due to rising disease rates and
rising healthcare expenditures. Cancer and heart disease are the leading causes
of death in the country, with ischemic heart disease being the most common. A
third of Canadians die as a result of a heart attack or stroke. Due to the
prevalence of such diseases, there is a need for early diagnosis and treatment
conducted by medical electrodes. Thus, the aforementioned factors are expected
to drive the country’s market growth.
Needle electrodes are
inserted through a section of the skin. These are used to reduce the interface
and noise caused by electrode movement during EEG, EMG, etc., by penetrating
the scalp. These electrodes are made up of insulated wires with tips connected
to the muscles, nerves, and other tissues. Needle electrodes are less
susceptible to movement errors than surface electrodes and have lower
impedances because they make direct contact with intracellular fluid or
subcutaneous tissues.
The studied report assesses the
market’s growth based on product,
usability, type, and application. Here, the product segment comprises needle
electrodes and surface electrodes.
The
established players in the medical electrodes market include Cooper Surgical,
3M, Ambu A/S, Pepin Manufacturing, Dymedix Diagnostics, Rhythmlink
International, Medtronic Plc, ConMed Corporation, and Koninklijke Philips NV.
Founded in 1949, Medtronic Plc is a company that operates in four segments- the diabetes group, the restorative therapies group, the minimally invasive therapies group, and the cardiac and vascular group. The company has 79 manufacturing sites and operates in more than 150 countries. The company manufactured various products including LLETZ Electrodes – Covidien, a wire loop electrode made from tungsten, which offers greater control and increased durability as compared to stainless steel.
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
North America 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 Analysis Model
·
A
wide-ranging study of factors that will challenge the North America medical
electrodes market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. NORTH
AMERICA 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 SUBSTITUTE S
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. REGULATORY
FRAMEWORK
2.8. KEY
MARKET STRATEGIES
2.8.1. ACQUISITIONS
2.8.2. PRODUCT
LAUNCHES
2.8.3. CONTRACTS
& AGREEMENTS
2.8.4. EXPANSIONS
& DIVESTITURES
2.9. MARKET
DRIVERS
2.9.1. GROWING
PREVALENCE OF CARDIOVASCULAR AND NEUROLOGICAL DISEASES
2.9.2. RISING
INVESTMENTS IN RESEARCH AND DEVELOPMENT OF HEALTHCARE SERVICES
2.9.3. RISING
PREFERENCE FOR AMBULATORY HEALTHCARE SERVICES
2.10. MARKET
CHALLENGES
2.10.1. STRINGENT
REGULATIONS IMPOSED BY GOVERNMENT
2.10.2. TIME-CONSUMING
PROCESS OF BIOCOMPATIBILITY TESTING
2.11. MARKET
OPPORTUNITIES
2.11.1. RISING
PREFERENCE FOR DISPOSABLE ELECTRODES
2.11.2. GROWING
DEMAND FOR MINIMALLY INVASIVE SURGERIES
3. NORTH
AMERICA MEDICAL ELECTRODES MARKET OUTLOOK - BY PRODUCT
3.1. SURFACE
ELECTRODES
3.2. NEEDLE
ELECTRODES
4. NORTH
AMERICA MEDICAL ELECTRODES MARKET OUTLOOK - BY USABILITY
4.1. DISPOSABLE
MEDICAL ELECTRODES
4.2. REUSABLE
MEDICAL ELECTRODES
5. NORTH
AMERICA MEDICAL ELECTRODES MARKET OUTLOOK - BY TYPE
5.1. DIAGNOSTIC
MEDICAL ELECTRODES
5.2. THERAPEUTIC
MEDICAL ELECTRODES
6. NORTH
AMERICA 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. NORTH
AMERICA MEDICAL ELECTRODES MARKET – COUNTRY OUTLOOK
7.1. UNITED
STATES
7.2. CANADA
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: NORTH AMERICA
MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: REGULATORY
FRAMEWORK
TABLE 4: LIST OF
ACQUISITIONS
TABLE 5: LIST OF
PRODUCT LAUNCHES
TABLE 6: LIST OF
CONTRACTS & AGREEMENTS
TABLE 7: LIST OF
INVESTMENTS & EXPANSIONS
TABLE 8: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY USABILITY, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH
AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY
COMPONENTS
FIGURE 3: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY PRODUCT, 2021 & 2028 (IN %)
FIGURE 4: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY SURFACE ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY NEEDLE ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY USABILITY, 2021 & 2028 (IN %)
FIGURE 7: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY DISPOSABLE MEDICAL ELECTRODES, 2022-2028 (IN $
MILLION)
FIGURE 8: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY REUSABLE MEDICAL ELECTRODES, 2022-2028 (IN $
MILLION)
FIGURE 9: NORTH AMERICA
MEDICAL ELECTRODES MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 10: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY DIAGNOSTIC MEDICAL ELECTRODES, 2022-2028
(IN $ MILLION)
FIGURE 11: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY THERAPEUTIC MEDICAL ELECTRODES, 2022-2028
(IN $ MILLION)
FIGURE 12: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 13: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY CARDIOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY INTRAOPERATIVE MONITORING, 2022-2028 (IN
$ MILLION)
FIGURE 15: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY NEUROPHYSIOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 16: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY SLEEP DISORDERS, 2022-2028 (IN $ MILLION)
FIGURE 17: NORTH
AMERICA MEDICAL ELECTRODES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE 18: NORTH
AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: UNITED
STATES MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: CANADA
MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)