Electrodes for Medical Devices Market 2025 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: LS250122 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of electrodes for medical devices was valued at USD 2.2 billion in 2023, and a CAGR of 6.1% is expected during the forecast period. An increase in the incidence of cardiovascular disorders and neurological disorders is driving growth in the market significantly. Increasing preference for home and ambulatory care services is driving the demand in the market significantly. Emerging economies are expected to provide growth opportunities in the market. An aging global population is prone to chronic and age-related conditions, necessitating advanced medical devices for monitoring and treatment.
Increasing consumer interest in health monitoring devices, such as ECG wearables and fitness trackers, drives the demand for high-quality electrodes. Cardiac patients are contributing significantly during the forecast period. Key market players in all over the world is contributing significantly in the market. Rising investment in medical infrastructure globally is driving growth in the market significantly.
Growth
Drivers
Increasing research on brain-computer interfaces, bioelectric medicines, and advanced diagnostics relies heavily on electrode technology. Increased use of electrodes in therapies for conditions like Parkinson’s disease, and depression contribute to market growth significantly. Favorable government regulations and insurance coverage for advanced medical devices accelerate their adoption.
Rising investment in healthcare infrastructure and medical device innovation globally supports the expansion of this market. The trend towards home-based monitoring and treatment boosts demand for easy-to-use devices equipped with reliable electrodes. Increasing number of chronic diseases patients in all over the world are driving growth in the market. Rising incidence of cardiovascular diseases is driving growth in the market significantly.
Due to unhealthy diet, and sedentary behavior of
people, they are suffering from cardiac diseases. Increasing investment on
Research and Development activities are driving growth in the market
significantly. Patients of neurogenerative disorders, and sleep disorders are
also contributing to the growth in the market significantly. Increasing demand
for disposable electrodes, which reduces the risk of cross-contamination is
driving market growth significantly in the region.
Segmentation
By
Product
·
Diagnostic Medical Electrode
·
Therapeutic Medical Electrode
By
Technology
·
Wet Electrodes
·
Dry Electrodes
·
Needle Electrodes
By Usability
·
Disposable Medical Electrodes
·
Reusable Medical Electrodes
By
Application
·
Cardiology
·
Neurophysiology
·
Sleep Disorders
·
Intraoperative Monitoring (IOM)
·
Surgical Applications
·
Other Applications (vision disorders
and wound healing)
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Middle East and Africa
·
Europe
Electrodes
for Medical Devices Market by Usability
On the basis of usability, the Electrodes for Medical Devices Market is segmented into disposable medical electrodes and reusable medical electrodes. Disposable medical electrodes are the leading segment due to being more cost-effective, offering better risk management, and being reusable. These electrodes are made of plastic coated with silver chloride, or silver.
They are used once and then discarded. The availability of
technologically advanced disposable electrodes is driving market growth
significantly. Disposable electrodes eliminate the risk of cross-contamination.
Disposable electrodes offer the advantage of using new electrodes for each
recording, thus avoiding the issue of cleaning reusable electrodes.
Electrodes
for Medical Devices Market by Application
On the basis of the application, the Electrodes for Medical Devices Market is segmented into Cardiology, Neurophysiology, Sleep Disorders, Intraoperative Monitoring, Surgical Applications, and Others. Cardiology is the leading segment in the market due to the rising prevalence of cardiovascular diseases, which are the leading cause of death globally.
Increasing demand for
diagnostic tools and controlled monitoring due to the rising number of cardiac
patients worldwide are driving significant growth in the market. Unhealthy diet
and sedentary behavior of people is driving growth significantly in the market.
Growing public awareness of the benefits of cardiology electrodes is driving
growth in the market. Rising healthcare expenditure and increasing investment
in research and development activities are driving growth in the market
significantly.
Regional
Outlook
On the basis of the regions, the Electrodes for Medical Devices Market is segmented into 5 types: Asia Pacific, North America, Latin America, Middle East and Africa, and Europe. North America is the leading market due to well-established healthcare system with a high adoption rate of advanced medical technologies including electrodes for diagnostics, and therapeutics. Significant investment in Research and Development by Medical device companies in the region is boosting growth in the market significantly.
The
high prevalence of chronic diseases like cardiovascular diseases, neurological
diseases, and diabetes drives the demand for electrodes used in diagnostic
tools like in ECG and EMG machines. Supportive insurance, and reimbursement
frameworks encourage the use of sophisticated medical devices. The presence of
key market players like Medtronic, and 3M are driving the growth in the market
significantly. Rising investment in healthcare infrastructure and medical
device innovation globally supports the expansion of this market. Urbanization
is the key factor behind the market growth.
Governments and private entities in Asia Pacific region are contributing significantly in market growth. Aging population in countries like China, and Japan further contributes to the growing needs for these devices. Rapid development, and modernization of healthcare infrastructure in countries like India, China, and Southeast Asia support the adoption of advance medical devices.
Region is home to booming medical device manufacturing sector. Rising awareness about early diagnosis, and treatment of disease has increased the demand for diagnostic devices. Growth in telemedicine, and wearable health devices, and remote monitoring systems in the region enhances the use of advanced electrode technologies. Countries like India, Thailand, and Malaysia are hub for medical tourism, attracting patients from all around the world. It increases the demand for advance diagnostics, and therapeutic devices.
European
countries like United Kingdom, Germany, France, Russia, Italy, and Turkey are
witnessing significant market growth due to increasing geriatric population,
and rising number of patients of cardiac, sleep disorders, and neurogenerative
disorders. Rising healthcare expenditure on Research and Development activities
are driving growth in the market. Presence of key players in European region is
significantly driving the growth in the market.
Key
Players
·
Medtronic
·
Ambu A/S
·
3M
·
Natus Medical Incorporated
·
Koninklijke Philips N.V.
·
B. Braun Melsungen AG
·
ZOLL Medical Corporation
·
Cardinal Health
·
CONMED Corporation
·
Nihon Kohden Corporation
·
Rhythmlink International,
·
Cognionics, Inc.
·
Compumedics Limited
·
Nissha Medical Technologies
· Other Players