(PRWEB) July 14, 2014
According to a new market report published by Transparency Market Research “Electrodes for Medical Devices Market (Diagnostic Electrodes – ECG, EEG, EMG, ERG and Fetal Scalp Electrodes, Therapeutic Electrodes – TENS, Pacemakers, Defibrillators, Electrosurgical and Other Electrodes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global electrodes market for medical devices was valued at USD 633.6 million in 2012 and is estimated to reach a market worth USD 1,451.2 million in 2019 at a CAGR of 11.7% from 2013 to 2019.
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Medical industry deploys several types of electrodes such as electrocardiography (ECG) electrodes, fetal scalp electrodes, electroencephalography electrodes, transcutaneous electrical nerve stimulation TENS electrodes, pacemaker electrodes and others across the globe. An electrode is a medical device capable of transferring ionic current energy into electrical current in the body that can be amplified to treat as well as diagnose several ailments and life threatening conditions. With a rise in the global life expectancy level and burgeoning population, number of chronic and severe disease statistics has witnessed an exponential rise in past decade itself. Average annual mortality due to other neurological diseases was 18.8/100,000, including Alzheimer’s disease and other dementias 7.1/100,000 and Parkinson’s disease 1.7/100,000. Migraine ranked 8th, epilepsy 20th and Alzheimer’s disease 24th in a table demonstrating prevalence of all diseases measured in years lived with disability. With such an exponential rise in population and disease prevalence, the demand for affordable, compact and effective medical device have grown in past.
Title: Electrodes for Medical Devices Market
Published: 2 June, 2013
Price: US$ 4795.00 (Single User)
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Medical electrodes are mass products and in most of the cases represent a sub segment or portfolio of medical device manufacturers with very little scope for product differentiation. This makes the overall market highly competitive and price sensitive in nature. The scope for development and growth for electrodes manufacturers is to enhance its performance and accuracy in monitoring and detection. Technological sophistications in medical device electrodes are primarily focused on enhancing patient comfort and improving electrodes tissue interface for improved recording and stimulation. Efforts are also aimed at development of economically priced electrodes with superior electrical performance. Furthermore, the current research areas are focused on developing various polymers, nanotextured coatings and advancing the integrated circuitry designs for rendering compact and compatible devices in future. All these aforementioned factors further boost the growth and uptake of medical electrodes.
Some of the prominent factors that drive the growth of global electrodes for medical devices are rising disease prevalence in conjunction with miniaturization and portability of the devices. This has resulted in increased device utilization not only in the hospitals and alternate care centers, but also towards the individual patient purchase as they can be easily installed and used at homes. Demand for dry and hydrogel electrodes have seen a tremendous rise in the past few years due to their better adhesion and performance. Continuous reforms in the healthcare sector are also expected to fuel growth in the medical devices market, as there is enhanced emphasis on adopting preventive and proactive healthcare measures to lower manufacturing costs. Disposable electrodes have an edge over reusable electrodes as they reduce initial costs. Disposable electrodes also eliminate cross contamination between patients and reduce the lengthy sterilization process thereby ensuring patient safety.
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The global electrodes for medical devices market is segmented into the following categories:
Diagnostic Electrodes for Medical Devices Market, by Product Type
Therapeutic Electrodes for Medical Devices Market, by Product Type
Electrodes for Medical Devices Market, by Geography
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