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2020 medical electrode market industry research, share, trend, global industry scale, price, future analysis, regional outlook to 2025

Pune, Maharashtra, India, November 23, 2021 /EINPresswire.com/-What are medical electrodes? Medical electrode equipment converts ion energy into body current to treat and diagnose various diseases and life-threatening diseases. The key applications of medical electrodes continue to grow as they have established potential in the treatment of diseases in the fields of neurology and cardiology. In addition, the burden of chronic cardiovascular diseases continues to increase globally. Medical electrodes are expected to achieve key applications, including patient monitoring, diagnosis, and cardiovascular surgery.

Medical electrodes are also often used in other applications, including general surgery, plastic surgery, cosmetic surgery, etc. Their important position in surgery ensures that medical electrode companies can grow safely and steadily in the near future.

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The medical electrode market: an overview

Increasing use of medical electrode technology to diagnose heart disease and neurophysical applications remains the main driving force for growth. The CVD disease group is known for its high mortality rate, causing nearly 18 million deaths every year. These diseases (sometimes called lifestyle diseases) are on the rise due to increased junk food intake and unhealthy lifestyles.

This group includes diseases such as heart disease, cerebrovascular disease and rheumatism. It is estimated that heart disease and stroke cause four-fifths of deaths worldwide. In addition, this disease can also affect people under 70, which makes it not only related to age, but also a factor in potential death.

Medical electrodes such as electrocardiogram or electrocardiogram are leading test equipment for understanding the condition of the heart. These are simple and fast to use. Through small plastic patches attached to the skin, these devices can detect, interpret and print the movement of electrical pulses in the heart to map out the heart's condition. When patients experience chest pain or severe fatigue, or fainting, doctors use these devices regularly to help determine the outcome of the operation, understand the condition of the implanted pacemaker, monitor the progress of heart medications, and during regular heart checkups.

The improvement of the reliability of ECG and other equipment, the increase of cardiovascular diseases, and the continuous advancement of neuronal diagnosis of diseases such as Parkinson's disease, brain diseases, gout, body pain, etc., are still the key driving factors for the growth of the medical electrode market. Medical electrode equipment also shows promise for treating diseases such as Alzheimer's disease. For example, devices in clinical trials like NeuroEM Therapeutics are expected to significantly reduce memory loss in Alzheimer's disease patients. Seven other similar devices for treatment based on electromagnetic frequencies are receiving FDA approval.

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Medical electrode market: main trends

Disposable electrodes are expected to occupy the largest usability market segment in the medical electrode market. The usability segment of the medical electrode market is divided into disposable products and reusable products. Among them, in the cloudy environment of the Covid-19 pandemic, due to the low risk associated with infection, disposable products are expected to gain a higher adoption rate. The increasing demand from hospitals to use disposable technology to maintain hospital-associated infections (HAI) is still a promising driving force for the disposable electrode segment.

Wet electrode technology is still the most promising in the medical electrode market, because end users such as hospitals and clinics still have a high preference for high-quality signal solutions. This segment has the highest market share, with a total market share of more than 56% in 2020. The medical electrode market is divided into wet electrodes, needle electrodes and dry electrodes according to technology.

Due to the increasing number of cases of insomnia and other sleep disorders, polysomnography or PSG testing is expected to achieve significant growth in the medical electrode market. It is estimated that more than 70 million Americans suffer from sleep disorders, and insomnia is still the most common one, with more than 30% of adults becoming victims of this disease. In addition, almost 40% of adults report falling asleep accidentally every day, leading to an increase in the need for diagnosis and treatment options for sleep disorders.

The growing global elderly population is still the main driving force for the growth of the medical electrode market. Recent population estimates indicate that the total world population in 2015 was 7.34 billion, while the elderly accounted for only 901 million. It is estimated that by the end of 2030, the population will increase to 1.4 billion. The elderly are still very susceptible to the spread of chronic diseases such as Alzheimer's, which is still a deep concern due to the high risk of death, and there are few promising medical solutions.

In addition, the increase in cardiovascular diseases such as heart disease, the increasing incidence of elderly people in key areas such as North America, and the habit of eating a large amount of red meat diet, continue to send the elderly population with aggravated conditions to the hospital. Therefore, the growth of the elderly population is still the main driving force for the growth of the medical electrode market.

Medical electrode market: regional analysis

The medical electrode market report is divided into major regions such as North America, Asia Pacific, Latin America, the Middle East and Africa. Among them, North America is still home to a large number of elderly and patients, and the burden of chronic diseases in this region is getting heavier. As public health services, a large number of elderly populations and patients are still the main drivers of growth, the European medical electrode market is still a promising growth area. The Asia-Pacific region is still the fastest-growing region in the future, because of the large population, the expansion of medical facilities and the increase in disposable income are still the main driving forces of growth.

Medical Electrode Market: Competitive Analysis

The medical electrode market is a fragmented, innovative and competitive landscape. The barriers to entry in the medical electrode market are low, and opportunities for new niche applications continue to increase, and with the continuous growth of private and public funds in the research field, investment opportunities have broad prospects. Major players in the medical electrode market maintain their strategic focus on expansion through mergers, cooperation and acquisitions. With more and more intersections between technology and medicine, the expansion of new regions may be achieved through these strategies, which is still an untapped area for most established companies.

Some of the major players in the medical electrode market are CONMED, Medtronic PLC, Koninklijke Philips NV, 3M Corporation, Dymedix Diagnostics, Ambu A/S, Cognionics Inc, and Natus Medical Incorporated.

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