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Electrodes for Medical Devices Market Expected to Reach USD 1.45 Billion Globally in 2019: Transparency Market Research

July 31, 2014

ALBANY, New York, July 31, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “Electrodes
for Medical Devices Market (Diagnostic Electrodes – ECG, EEG, EMG, ERG and Fetal Scalp
Electrodes, Therapeutic Electrodes – TENS, Pacemakers, Defibrillators, Electrosurgical and
Other Electrodes) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 – 2019,” the global electrodes market for medical devices was valued at USD 633.6
million in 2012 and is estimated to reach a market worth USD 1,451.2 million in 2019 at a
CAGR of 11.7% from 2013 to 2019.

Browse the full Electrodes for Medical Devices Market Report at

http://www.transparencymarketresearch.com/electrodes-medical-devices.html

Medical industry deploys several types of electrodes such as electrocardiography (ECG)
electrodes, fetal scalp electrodes, electroencephalography electrodes, transcutaneous
electrical nerve stimulation TENS electrodes, pacemaker electrodes and others across the
globe. An electrode is a medical device capable of transferring ionic current energy into
electrical current in the body that can be amplified to treat as well as diagnose several
ailments and life threatening conditions. With a rise in the global life expectancy level
and burgeoning population, number of chronic and severe disease statistics has witnessed
an exponential rise in past decade itself. Average annual mortality due to other
neurological diseases was 18.8/100,000, including Alzheimer’s disease and other dementias
7.1/100,000 and Parkinson’s disease 1.7/100,000. Migraine ranked 8th, epilepsy 20th and
Alzheimer’s disease 24th in a table demonstrating prevalence of all diseases measured in
years lived with disability. With such an exponential rise in population and disease
prevalence, the demand for affordable, compact and effective medical device have grown in
past.

Medical electrodes are mass products and in most of the cases represent a sub segment
or portfolio of medical device manufacturers with very little scope for product
differentiation. This makes the overall market highly competitive and price sensitive in
nature. The scope for development and growth for electrodes manufacturers is to enhance
its performance and accuracy in monitoring and detection. Technological sophistications in
medical device electrodes are primarily focused on enhancing patient comfort and improving
electrodes tissue interface for improved recording and stimulation. Efforts are also aimed
at development of economically priced electrodes with superior electrical performance.
Furthermore, the current research areas are focused on developing various polymers,
nanotextured coatings and advancing the integrated circuitry designs for rendering compact
and compatible devices in future. All these aforementioned factors further boost the
growth and uptake of medical electrodes.

Some of the prominent factors that drive the growth of global electrodes for medical
devices are rising disease prevalence in conjunction with miniaturization and portability
of the devices. This has resulted in increased device utilization not only in the
hospitals and alternate care centers, but also towards the individual patient purchase as
they can be easily installed and used at homes. Demand for dry and hydrogel electrodes
have seen a tremendous rise in the past few years due to their better adhesion and
performance. Continuous reforms in the healthcare sector are also expected to fuel growth
in the medical devices market, as there is enhanced emphasis on adopting preventive and
proactive healthcare measures to lower manufacturing costs. Disposable electrodes have an
edge over reusable electrodes as they reduce initial costs. Disposable electrodes also
eliminate cross contamination between patients and reduce the lengthy sterilization
process thereby ensuring patient safety.

The global market of electrodes for medical devices has been studied on the basis of
diagnostic and therapeutic types. The diagnostic segment has been analyzed by prominent
categories such as electrocardiography electrodes, electroencephalography electrodes,
electroretinography electrodes, fetal scalp electrodes and others. On the other hand,
therapeutic segment has been categorized into pacemaker electrodes, TENS electrodes,
defibrillator electrodes and electrosurgical electrodes which include guided catheter
electrodes used in minimally invasive procedures. In diagnostic product segment market for
ECG electrodes is anticipated as fastest growing segment with a CAGR of 3.1%. This is
majorly attributed to increase in smokers, hypertension and other cardiovascular diseases
prevalence across the globe. In therapeutic electrodes segment the electrosurgical
electrodes market is expected to record highest growth rate followed by defibrillator
electrodes. The rationale behind this is high precision, less recovery period for
electrosurgical electrode devices. Whereas, government initiatives for automated external
defibrillator deployment at public places and increase in cardiovascular disease
prevalence will offshoot the demand for defibrillator electrodes.

Browse the full Electrodes for Medical Devices Market Report at

http://www.transparencymarketresearch.com/electrodes-medical-devices.html

At regional level North America accounted for the largest market share in the year
2012 followed by Europe. This is mainly due to intense government support and
technological advancements resulting in broader acceptance of the devices. In the US, the
apparent disconnect between discretionary spending and demand for healthcare has protected
the medical device market. Increased healthcare awareness and well established healthcare
infrastructure have also contributed towards the deployment and installation of latest and
technological advancements have contributed towards higher sales of the electrodes and
associated devices. During the forecasted period the Asia-Pacific market is expected to be
the fasted growing market. Some of the factors contributing the growth for this market
include rise in disposable income, escalated government intervention to reform healthcare
facilities and infrastructure developments. In addition, growing trend for medical tourism
in this region also uplifts the market for medical device electrodes.

The global electrodes market is highly fragmented with the presence of well
established as well as emerging market players. Some of the prominent players in the
medical device electrodes market include 3M Company, Ambu A/S, CONMED Corporation, Philips
Healthcare Medtronic, Inc., and Natus Medical, Inc. among others.

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The global electrodes for medical devices market is segmented as follows:

        - Diagnostic Electrodes for Medical Devices Market, by Diagnostic Type

ECG Electrodes

EEG Electrodes

EMG Electrodes

ERG Electrodes

Fetal Scalp Electrodes

Others

        - Electrodes for Medical Devices Market, by Therapeutic Type

Transcutaneous Electrical Nerve Stimulator (TENS) Electrodes

Pacemaker Electrodes

Defibrillator Electrodes

Electrosurgical Electrodes

Others

        - Electrodes for Medical Devices Market, by Geography

North America

Europe

Asia-Pacific

Rest of the World (RoW)

Browse All Medical Devices Market Research Reports @

http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting
and trends analysis provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data
sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

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SOURCE Transparency Market Research


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