A number of factors such as rising incidence and prevalence of neurological and cardiovascular disorders, increasing investments in medical device research, and growing preference for home and ambulatory healthcare are driving the growth of market. In addition, emerging markets such as China, India, and Brazil are expected to offer significant growth opportunities for players operating in the market.
The diagnostic medical electrodes market was valued at USD 560.8 Million in 2016 and is projected to reach USD 732.4 Million by 2022, at a CAGR of 4.7%.
Medical Electrodes Market By Procedure
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electromyography (EMG)
- Other Procedures [electroretinography (ERG) and electrooculography (EOG)]
Based on the diagnostic procedures the market is segmented into electrocardiography (ECG), electroencephalography (EEG), electromyography (EMG), and other procedures [electroretinography (ERG) and electrooculography (EOG)]. Electrocardiography dominated the Medical Electrodes market in 2016 and to grow at highest CAGR during the forecast period. The rising prevalence of CVD, increasing incidence of arrhythmias, and technological advancements in ECG electrodes are the major factors supporting the growth of the diagnostic market for ECG.
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In 2017, North America is expected to dominate the Medical Electrodes market. Factors such as growing focus on innovative technologies, rising geriatric population, and increasing awareness about the benefits of early disease diagnosis and high healthcare expenditure in the US and Canada are the major factors supporting the growth of market.
Know more in detail analysis of Medical Electrodes Market by Usability (Disposable, Reuse), Technology (Dry Electrodes, Wet, Needle), Diagnostic Procedures (ECG, EEG, EMG, EOG, ERG), Application (Cardio, Neurophysiology, Sleep Disorders, Intraoperative) – Global Forecast to 2022.
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