Global Medical Electrodes Market Report Offers Insights and Evaluation on Market Size and Growth Prospects Until 2023

Published on : Jul 03, 2018

Albany, New York, July 3, 2018: It has been well-identified that electrodes are used for diverse procedures and check-ups in the health setting. Medical electrodes are used in the identification of nervous, ocular, cardiac, and muscular disorders and have gained growing demand due to their widespread use. Market Research Hub (MRH) has freshly announced the inclusion of a study titled “Global Medical Electrodes Market by Manufacturers, Regions, Type and Application, Forecast to 2023” to its massive repository, which highlights latest trends in the global market along with the recent developments. The technological developments poised to take place in the industry and their impact on the growth of the market also form a key part of this study.

Presently, medical electrodes are widely used in diagnosis, monitoring and therapy of the patient. The steady global healthcare industry boom is likely to aid the smooth development of the global medical electronics market in the coming years. As per the analyst's key evaluation, the worldwide market for medical electrodes is expected to grow at a CAGR of roughly 8.1% over the next five years and will reach 1520 million US$ in 2023, expressively high from its valuation of worth 950 million US$ in 2017.

Firstly, the readers of the research study will get to know about medical electrodes introduction along with its product scope, market overview, market opportunities, market risk, and market driving force. Moreover, to provide a detailed study, the report’s authors have segmented the global medical electrodes market on the basis of region, types and application. Geographically, the report segments the market into the Asia Pacific (APAC), North America, Latin America, Europe, and the Middle East and Africa (MEA). In terms of geography, the research finds that North America accounted for the largest market share in the year 2015. With the global economic recovery, more and more people pay attention to rising environmental standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Medical Electrodes starch will increase.

At present, the well-known medical electrodes in the market include electroencephalography (EEG, for recording brain activity), electrocardiography (ECG, recording heartbeats) and electroconvulsive therapy (ECT, electrical brain stimulation) electrodes etc. By type, the research study covers disposable and reusable. On the other hand, major applications are diagnostic electrodes, therapeutic electrodes and other. The research study offers market forecast for each region, type and application, with sales and revenue, from 2018 to 2023.

As the report concludes, readers are offered information about the competitive landscape, which details about the various players active in the market. Some of them are Covidien-Medtronic, 3M, Kirwan Surgical, Johnson & Johnson, Tianrun Medical, Ambu, Conmed Corporation, GE Healthcare, Utah Medical, GSI Technologies, B. Braun, Olympus Corporation, Graphic Controls and Eschmann Equipment.

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