The diagnostic medical electrodes market is expected to reach USD 732.4 billion by 2022 from USD 583.2 billion in 2017, at a CAGR of 4.7%.

The market is witnessing growth due to factors such as increasing prevalence of cardiovascular & neurological disorders, growing preference for home and ambulatory care and increasing investments in research. Emerging markets such as China, India, and Brazil are expected to offer significant growth opportunities for players operating in the medical electrodes market. This can primarily be attributed to the low competition in these markets, large population, growing number of cardiovascular and neurological diseases, and rising disposable income.

The report provides an overview of the market. It aims at estimating the market size and future growth potential of this market across different segments such as usability, technology, procedure, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

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North America is expected to account for the largest share of the market. Factors such as high prevalence of cardiac and neurological diseases and increasing product innovation in the region are driving the growth of the North American market. However, the Asian market is estimated to register the highest CAGR during the forecast period. Growth in the Asian market is primarily attributed to the rising prevalence of cardiac and neurological diseases, growth in aging population, rising adoption of advanced technologies, and the growing focus of major players on enhancing their presence in emerging Asian countries.

Based on usability, the market is categorized as disposable and reusable electrodes. The disposable electrodes segment is expected to dominate this market. The large share and high growth of this segment can be attributed to the growing adoption of disposable electrodes due to advantages such as cost effectiveness and the low risk of cross contamination.

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