Global Market for Medical Device Electrodes Projected to Reach US$976 Million by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Medical Device Electrodes market. Global market for medical device electrodes is projected to witness steady growth to reach $976 million by 2015 driven by the growing popularity of disposable electrodes and broader demographic trends such as aging population, rising affluence in various parts of the world, increased awareness about health and well being, and improved diagnostic devices.

Electrodes for Medical Devices: A Global Strategic Business Report

Electrodes are used in medical industry in electronic devices for detection of electrical signals in patients’ muscle and nerve cells that are created by chemical reactions. These electronic devices are used for the diagnosis of medical conditions. Electrodes are used in a wide range of medical devices such as blood gas analyzers, defibrillators, ECG, EEG, EMG, ENG, electrosurgical devices, fetal scalp monitoring, nasopharyngeal devices, neurological devices, pacemakers, and TENS. Owing to lower initial costs, reduction in lengthy sterilization process, and elimination of chances of cross contamination between patients, the market is veering towards disposable electrodes as compared to reusable electrodes.

The medical devices electrodes market displayed resilience during the global economic turmoil, with the growth rate suffering minor dip in 2009-2010. The market is likely to regain lost momentum from 2011 onwards. The US and Europe represent the two largest markets accounting for more than 70% of the global market, as stated by the new market research report on Electrodes for Medical Devices. High healthcare awareness and the developed nature of these economies are the major factors for the skew in the medical devices electrode market. Growing affluence, increased awareness and availability are driving sales of electrodes for medical devices in Asia-Pacific. The region represents the fastest growing market over the analysis period. ECG electrodes constitutes the largest segment within the electrodes for medical device market. TENS Electrodes and Ion-Selective Electrodes represent the two fastest growing product segments.

Medical electrodes are commodity-like products with limited scope for differentiation and as such the market is highly competitive, price sensitive and mature. Being a niche segment, electrodes represent a minor part or division of a medical device manufacturing company. Companies typically offer electrodes as part of their medical/healthcare portfolio. Select major players profiled in the report include Ambu A/S, CONMED Corp, C.R Bard, Katecho, Prosurg, Rochester Electro-Medical, Covidien, Utah Medical Products, ZOLL Medical and 3M Co.

The report titled “Electrodes for Medical Devices: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a review of market trends, players, recent developments, and other strategic industry activities. The report provides annual sales estimates and projections for Electrodes for Medical Devices market for the following geographic markets - United States, Japan, Europe (France, Germany, the UK, Italy, Rest of Europe), Asia-Pacific, the Middle East and Latin America. Product segments analyzed include Blood Gas Electrodes, Defibrillator Electrodes, ECG Electrodes, EEG/ EMG/ENG Electrodes, Electrosurgical Electrodes, Fetal Scalp Electrodes, Ion-selective Electrodes, Laboratory pH Electrodes, Nasopharyngeal Electrodes, Needle Electrodes, Neurological Electrodes, Pacemaker Electrodes, Surface Biopotential Electrodes, and TENS Electrodes.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Electrodes_for_Medical_Devices_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com

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