Electrodes For Medical Devices Market Is Projected To Grow Due To The Rising Prevalence Of Heart Diseases, Fetal Distress Syndrome & Ocular Diseases Till 2025: Grand View Research, Inc.
The global electrodes for medical devices market is expected
to reach USD 2.0 billion by 2025, according to a new report by Grand View
Research, Inc. The market is anticipated to witness lucrative growth during the
forecast period, owing to increasing prevalence of chronic and other diseases such
as heart diseases, Parkinson’s Disease (PD), Alzheimer’s disease, brain
disorders, Trigeminal Neuralgia (TN or TGN), sinusitis, tinnitus, Raynaud's
disease, fibromyalgia, circulatory disturbances, gout, and body ache, across
the globe.
Minimally Invasive Surgery (MIS)
is one of the advancements in medical technology in which small incisions are
made in the body for laparoscopy, endoscopy, arthroscopy, and other surgical
procedures. This procedure is gaining popularity owing to faster recovery,
lesser postsurgical infections, pain, & major bleeding, reduced scarring,
and high accuracy benefits. In 2015, over 20.0 million Americans underwent MIS,
which is expected to assist in the growth of this vertical during the forecast
period.
U.S. Electrodes for medical devices market, by
diagnostics, 2014 - 2025 (USD Million)
Browse full research report on Electrodes
For Medical Devices Market
Further key findings from the report suggest:
- The
diagnostic segment held a profitable revenue share in 2016 and is expected
to grow at a significant rate over the forecast period.
- Rising
prevalence of heart diseases, fetal distress syndrome, ocular diseases,
and neurological disorders make extensive use of Electrocardiogram (ECG),
Electroencephalogram (EEG), electrosurgical, and fetal scalp electrodes
- The
therapeutic segment is anticipated to witness the fastest growth over the
forecast period due to widened use of medical electrodes in aesthetic
surgeries, RF ablation procedures, neurosurgical procedures, and acute
& chronic pain treatments
- Defibrillator
and electrosurgical electrodes are projected to hold substantial market
share over the forecast period. This can be attributed to the advanced
development of wearable defibrillator that constantly monitors the cardiac
rhythms of the wearer and identifies & notifies the user about the
occurrence of any abnormality and helps regain the normal heart
functionality
- North America
is expected to dominate the medical electrodes market during the forecast
period, owing to the rising prevalence of CVDs, changing lifestyle of
individuals, and presence of target population in the U.S. and Canada. In
addition, the presence of advanced technologies with electrodes such as
hydrogel and dry electrodes in the region are expected to spur the medical
electrodes market growth.
- Some of the
key players in medical electrodes market are 3M Healthcare; Boston
Scientific Corporation; GE Healthcare; C.R Bard Inc.; CONMED Corporation;
Medtronic; Natus Medical Incorporated; Thermo Fisher Scientific Inc.;
Asahi Kasei Corporation; and Philips Healthcare
For more information: http://www.grandviewresearch.com
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