Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time

Dublin, August 20, 2021/PRNewswire/-ResearchAndMarkets.com has added the "Medical Device Electrodes-Global Market Trajectory and Analysis" report to the products of ResearchAndMarkets.com.

By 2027, the global medical device electrode market will reach 794 million U.S. dollars. In the COVID-19 crisis, the global medical device electrode market is expected to reach 664.9 million U.S. dollars by 2020, and the revised scale is expected to reach 794 million U.S. dollars by 2027. Growth at a compound annual growth rate of 2.6% during the analysis period from 2020 to 2027.

ECG electrodes are one of the market segments analyzed in the report. It is estimated that by the end of the analysis period, the compound annual growth rate will reach 2%, reaching 321.5 million US dollars. After an early analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the TENS electrode division was re-adjusted to a revised 3.7% compound annual growth rate for the next 7 years. The US market is estimated to be US$179.9 million, while China is expected to grow at a compound annual growth rate of 4.9%. The US medical device electrode market is estimated to be US$179.9 million in 2020. China is the world's second largest economy. It is estimated that the market size will reach US$157.3 million by 2027, with a compound annual growth rate of 4.7% during the analysis period from 2020 to 2027.

Other notable geographic markets include Japan and Canada, which are expected to grow by 0.6% and 1.9% respectively during 2020-2027. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 1.2%. The compound annual growth rate of the ion-selective electrode segment will reach 3%. In the global ion-selective electrode segment, the United States, Canada, Japan, China and Europe will drive the segment’s expected compound annual growth rate of 2.6% . The total market size of these regional markets in 2020 is US$60.1 million, and by the end of the analysis period, the size is expected to reach US$71.7 million.

China will remain one of the fastest growing countries in this regional market cluster. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$108.9 million by 2027, while Latin America will grow at a compound annual growth rate of 3.9% throughout the analysis period.

Key topics covered: I. Method II. Executive Summary 1. Market overview

2. Focus on selected players (95 selected in total)

4. Global Market Outlook III. Market Analysis

For more information about this report, please visit https://www.researchandmarkets.com/r/yhs5fd

Research and Marketing Laura Wood, Senior Manager [email protected] US Eastern Time Office Hours call +1-917-300-0470 US/Canada toll-free number +1-800-526-8630 GMT Office Hours call +353-1- 416-8900 US Fax: 646-607-1904 Fax (Outside the US): +353-1-481-1716

More news releases on similar topics

Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time