Albany, NY — (SBWIRE) — 10/13/2017 — According to the latest study, the use of medical electrodes is expected to increase in the near future, due to their widespread use in the identification of cardiac, nervous, ocular, and muscular disorders. At present, the growing prevalence of diseases identified with the help of medical electrodes is likely to help the global medical electrodes market significantly in the coming years. Market Research Hub (MRH) has freshly announced the addition of a new study to its massive repository of research reports, which is titled as “Medical Electrodes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022″. This 170-pages study offers holistic overview of the global market with a quantitative and qualitative analysis of key growth trends, market indicators and competitive strategies for the 2017-2022 forecast.
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Medical electrodes are devices that transfer ionic current energy to electric current in the body. The electric current is amplified and is used in the diagnosis and treatment of several diseases. Major applications are cardiology, sleep disorders, neurophysiology and intraoperative monitoring medical electrodes. At present, the rising use of medical electrodes in the diagnosis of neurophysiological and cardiological disorders is likely to be the vital driver for the global medical electrodes market in the coming years. As per the study evaluations, global medical electrodes market was valued at US$641.3 mn in 2017. Exhibiting a robust 6% CAGR between 2017 and 2022, the market is expected to rise to US$857 mn by 2025.
The report provides a comprehensive look at the dynamics of the global medical electrodes market by summarizing its geographical segments, leading product types and major players. Geographically, the global medical electrodes market is studied across North America, Latin America, Europe, Asia Pacific except Japan (APEJ), Japan and the Middle East and Africa. The steady growth of the healthcare industry in developing regions is anticipated to be the major driver for the medical electrodes market in the coming years. As well, rising investment in the healthcare industry, aimed at improving the operating conditions within the industry, is thus likely to remain an important driver for the global medical electrodes market in the future.
In terms of geography, analyst’s finds that North America is expected to remain the dominant contributor to the global medical electrodes market owing to the high adoption rate of medical electrodes. Further, on the basis of type, the research study has been categorized into dry electrodes, wet electrodes and needle electrodes. Of these, dry electrodes segment accounted for 48.3% of the global medical electrodes market in 2017, and projected to rise from a valuation of US$309.8 mn in 2017 to US$425.1 mn by 2022. Prime end-users mentioned in the study are hospitals, diagnostic centers and others.
Moreover, key players are also mentioned in the report along with their market positioning, growth strategies and recent developments. Leading companies in the global medical electrodes market include General Electric Company, 3M, Medtronic Plc, Ambu A/S, CONMED Corporation, Koninklijke Philips NV, Natus Medical Incorporated, Compumedics Limited, Rhythmlink International LLC, and Nihon Kohden Corporation.
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