Electrodes are devices that convert ionic potential into electrical potential which can be amplified to diagnose as well as treat several ailments and disorders. The electrodes used in medical devices facilitate the detection of chemical reactions derived from electrical signals obtained from muscle cells and neurons of the patients. In addition, few electrodes such as electrosurgical electrodes utilize the radiofrequency alternating current to perform minimally invasive surgical procedures. The electrodes for medical devices across the globe are witnessing a shift in trends towards the use of single-use or disposable electrodes that are pre-gelled and self adhesive in nature. In addition, it has been observed that there is high demand for dry electrodes that further resolve the skin impedance of the patients. All these factors ensure enhanced growth and adoption of novel electrodes worldwide. In addition to these, other major contributors to growth of medical devices electrodes encompasses portability of devices and incorporation of nanotechnology in brain monitoring (nanotextured electrodes, etc) and mapping devices.
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The global electrodes for medical devices are analyzed on the basis of diagnostic and therapeutic electrodes. The diagnostic electrodes segment is further categorized into five major sub segments namely electrocardiography (ECG) electrodes, electroencephalography (EEG) electrodes, electromyography (EMG) electrodes, electroretinography electrodes, fetal scalp electrodes and others. Whereas, the therapeutic electrodes market is subcategorized into four major sub segments such as transcutaneous electrical nerve stimulator (TENS) electrodes, pacemaker electrodes, defibrillator electrodes, electrosurgical electrodes and others. The other type of electrodes used in medical field includes intraocular retinal electrodes, esophageal electrodes and cortical electrodes apart from other commonly used electrodes. A detailed market analysis and forecast for these segments has been provided in this study, in terms of market revenue (USD million) for the period 2011 to 2019.
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The report also provides the compounded annual growth rate (CAGR %) for each of the segments for the forecast period 2013 to 2019, while market size estimations have been made considering 2011 and 2012 as the base years. According to the study, ECG electrode owing to increased portability and growing demand for disposable electrodes. ERG electrodes market share is primarily affected by substitutes such as electrooculogram whereas, increasing use of fetal scalp electrodes in developed economies is likely to upsurge the demand in forthcoming years. Inclination of surgeons towards minimally invasive surgeries is expected to contribute tremendously towards the growth of electrosurgical electrodes market in near future.
In terms of the geographical distribution the global electrodes for medical devices market has been segmented into four geographical areas namely North America, Europe, Asia-Pacific and Rest of the World. The current and future market sizes (in terms of USD million) of the above regional markets have been provided in the report for the period 2011 to 2019 with their growth rate (%) for the period 2013 to 2019. The study further offers recommendations and highlights of the market, which would be useful for the current and future market players to sustain and flourish in the global electrodes for medical devices market. A PESTLE analysis has also been considered while estimating the market for individual geographies in order to provide current as well as future status.
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The market overview section of the report demonstrates the market dynamics and market trends such as the drivers, restraints and opportunities that influence the current and future status of this industry. Also we have provided a graphical representation elucidating the disposable and reusable electrodes market scenario along with their comparative analysis. Impact factors such as market attractiveness analysis and Porter’s five forces analysis have also been explained in the market overview section of the report, in order to give a thorough analysis of the overall competitive scenario in the global electrodes for medical devices market.
The competitive landscape section of the report includes market share analysis of the major players in electrodes for medical devices. This report concludes with the company profiles section which includes key information about the major players in this market in terms of their financial overview, business strategies and recent developments. Some of the key players profiled in this report include 3M Company, Ambu A/S, GE Healthcare, Asahi Kasei Corporation, Medtronic, Inc., Leonhard Lang GmbH, Natus Medical, Inc. among others.