Electrodes for Medical Devices: A Global Strategic Business Report
San Jose, California (PRWEB) November 06, 2012
Follow us on LinkedIn – Medical electrodes are mass products with limited scope for differentiation and represent a small business for a medical device manufacturing company. The global market for electrodes for medical devices is highly mature, price-sensitive as well as competitive. Of late, disposable electrodes have been gaining immense popularity at the expense of reusable electrodes as they reduce initial costs, eliminate cross contamination between patients and reduce the lengthy sterilization process. Over the years, the medical electrodes market has been witnessing several technological advances, primarily aimed at enhancing patient comfort, maintaining skin integrity, and improving electrode-tissue interface for improved recording and stimulation.
Some of the latest technological advancements include electrodes with advanced conductive hydrogel technology, the use of nanotechnology, technology based on multi-electrode array implant, textile electrodes and dry electrodes. Electrodes with advanced conductive hydrogel technology have been gaining in popularity for long and short term procedures due to their similar mechanical properties to biological tissues. Hydrogels cause less skin irritation, are more resistive, can be easily removed, and offer consistently high quality recordings for long term monitoring. Another emerging research area is the use of nanotechnology to enhance electrode design for wider applications. This approach is expected to facilitate improved neural interfaces that overcome the limitations of traditional electrodes. Further, textile electrodes, manufactured from electrically conductive fabric, hold an edge as they do not require adhesives to adhere to the skin and hence eliminate skin irritation which is commonly experienced by patients during ECG monitoring. Dry Electrodes are another major advancement in electrode technology. These electrodes, designed for long-term ambulatory ECG monitoring and EEG applications overcome the shortcomings of conventional adhesive electrodes by reducing artifact and eliminating interference associated with the use of cables, lead wires and electrode impedances.
The US represents the largest regional market worldwide, as stated by the new market research report on Electrodes for Medical Devices. The market is characterized by strong price competition with leading manufactures such as 3M, Covidien and ConMed facing increased competition from low-cost suppliers. Majority of hospitals buy electrodes from Group Purchase Organizations (GPOs) and integrated delivery networks (IDNs) which negotiate pricing arrangements with manufacturers for reduced costs. Growth in the market would be driven by Asia-Pacific, which is projected to emerge as the fastest growing regional market worldwide, posting a CAGR of 9.5% during the analysis period. While changing demographics is driving growth in the developed world, the rise in affluence, growing health awareness and the availability of sophisticated healthcare facilities is stimulating the medical devices market in developing regions such as Asia-Pacific, Latin America and the Middle East. Segment-wise, TENS Electrodes and Defibrillator Electrodes represents the fastest growing product segments.
Major players profiled in the report include 3M Co., Ambu A/S, CONMED Corporation, Covidien, C.R Bard Inc., Katecho Inc., Prosurg Inc., Utah Medical Products Inc., and ZOLL Medical Corporation, among others.
The research report titled “Electrodes for Medical Devices: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of current market trends, product innovations, recent industry activity and profiles of market players worldwide. Analysis and overview is provided for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, Middle East and Latin America. The report provides annual sales estimates and projections for the years 2010 through 2018 in US$ for product segments including Blood Gas Electrodes, Defibrillator Electrodes, ECG Electrodes, EEG/EMG/ENG Electrodes, Electrosurgical Electrodes, Fetal Scalp Electrodes, Ion-selective Electrodes, pH Electrodes, Nasopharyngeal Electrodes, Pacemaker Electrodes and TENS Electrodes.
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