Global Cardiology Electrodes Market, By Product (Resting ECG Electrodes, Short-Term Monitoring ECG Electrodes, Long-Term Monitoring ECG Electrodes, Stress Test ECG Electrodes, Neonatal ECG Electrodes), Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), Others), Usability (Disposable Medical Electrodes, Reusable Medical Electrodes), Application (Wet Electrodes, Dry Electrodes, Solid Gel Electrodes Needle Electrodes) – Industry Trends and Forecast to 2029.
Cardiology Electrodes Market Analysis and Size
Disposable cardiology electrodes are used in conjunction with snap-connect lead wires. During each cardiac cycle, these electrodes detect the small electrical changes caused by cardiac muscle depolarization followed by repolarization. Medical electrodes convert the iconic current energy in the body into an electrical current that can be strengthened and used to diagnose different illnesses such as cardiac, ocular, muscular and nervous.
Data Bridge Market Research analyses that the cardiology electrodes market which was USD 76.8 million in 2021, would rocket up to USD 112.61 million by 2029, and is expected to undergo a CAGR of 4.9% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Cardiology Electrodes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Resting ECG Electrodes, Short-Term Monitoring ECG Electrodes, Long-Term Monitoring ECG Electrodes, Stress Test ECG Electrodes, Neonatal ECG Electrodes), Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), Others), Usability (Disposable Medical Electrodes, Reusable Medical Electrodes), Application (Wet Electrodes, Dry Electrodes, Needle Electrodes)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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3M (U.S.), EMOTIV (U.S.), Bionen S.a.s (Italy), NeuroSky (China), Asahi Kasei Corporation (Japan), Rhythmlink International, LLC’s (U.S.), Leonhard Lang USA, Inc. (U.S.), Cardinal Health (U.S.), Medtronic (Ireland), CONMED (U.S.), DCC Plc (Ireland), General Electric (U.S.), Natus Medical Incorporated. (U.S.), Koninklijke Philips N.V. (Netherlands), SOMNOmedics GmbH (Germany) and Nissha Co. Ltd. (Japan)
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Market Opportunities
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Market Definition
Cardiac electrodes are small, skin-sticking plastic patches. They are strategically placed on the chest, legs, and arms. Lead wires connect the electrodes to an ECG machine. The electrical activity of the heart is then measured, interpreted, and printed.
Global Cardiology Electrodes Market Dynamics
Drivers
- Increasing prevalence of neurological and cardiovascular diseases
Cardiovascular diseases (CVDs) are the leading cause of death worldwide, claiming the lives of an estimated 17.9 million people each year. Different types of laboratory tests and imaging studies are used to diagnose cardiovascular diseases. The electrocardiogram (ECG) is a machine that records the electrical activity of the heart. The patient is strapped to the machine, with patches or leads placed on their chest, ankles, and wrists. ECG (Electrocardiogram) is a graph paper strip that records the activities of the heart. The test measures the heart's rate and rhythm. The electrical signals' timing and strength as they pass through the heart are also visible. An EKG/ECG can help detect a heart attack, angina attacks, arrhythmias, and other conditions. These are the certain factors which propel the market growth.
- Increasing demand for disposable electrodes
The disposable medical electrode consists of a disc made of semi-rigid plastic with a recessed embossment in the centre. An adhesive has been applied to the disc to firmly secure the electrode to the patient's skin. The use of new disposable electrodes for each recording has the advantage of eliminating the need for reusable cleaning electrodes. As a result, it will propel the cardiology electrodes market during the forecast period.
Opportunities
- Rising electrocardiography procedures
The rising prevalence of cardiovascular diseases (CVDs) is driving up the number of electrocardiography procedures. According to the Pan American Health Organization (PAHO) for 2021, cardiovascular diseases account for 40.8 million disability-adjusted life years (DALYs) in the Americas. In addition, according to the National Center for Chronic Disease Prevention and Health Promotion, Division for Heart Disease and Stroke Prevention data updated in July 2022.
Restraints/Challenges
- Risk of infection
Reusable electroencephalographic (EEG) electrodes are being investigated as a possible source of disposable medical electrodes acquired infection (HAI), traditional EEG procedure involves skin abrasion, these electrodes are considered as semi-critical devices. They must be sterilized or thoroughly disinfected. Reusable cup electrodes that have not been properly cleaned may harbour bacteria, blood, and microscopic epithelial cells. When using EEG scalp electrodes, this can cause a break in the skin. It increases the risk of infection from blood-borne pathogens such as HIV, Hepatitis C, and Creutzfeldt-Jakob disease.
This cardiology electrodes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cardiology electrodes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cardiology Electrodes Market
Disposable medical electrodes and medical practices have been affected during the COVID-19 pandemic due to several protocols. The ECG/EKG procedures are used for diagnosis and monitoring the heart involved in this pandemic have been affected. As people are scared to undergo diagnosis for heart diseases due to the risk of COVID-19, there has been an impact on the cardiology electrodes market.
Recent developments
- In February 2021, A novel electrode-based ECG without wire leads was introduced by American medical device company QT Medical, Inc. to reduce contact transmission during the COVID-19 epidemic. The PCA 500, a comprehensive 12-lead ECG platform with a super-compact recorder, a prepositioned electrode strip, mobile apps, computer interpretation, and HIPAA-compliant cloud, will be used to conduct the ECG testing.
- In February 2022, AliveCor will launch KardiaMobile Card, the world's thinnest and most convenient personal ECG device. KardiaMobile Card, which is the size of a standard credit card, fits easily into any wallet and provides a medical-grade, single-lead ECG in 30 seconds.
Global Cardiology Electrodes Market Scope
The cardiology electrodes market is segmented on the basis of product, procedure, usability and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Resting ECG Electrodes
- Short-Term Monitoring ECG Electrodes
- Long-Term Monitoring ECG Electrodes
- Stress Test ECG Electrodes
- Neonatal ECG Electrodes
Procedure
- Electrocardiography (ECG)
- Electroencephalography (EEG)
- Electromyography (EMG)
- Others
Usability
- Disposable Medical Electrodes
- Reusable Medical Electrodes
Application
- Wet Electrodes
- Dry Electrodes
- Needle Electrodes
Cardiology Electrodes Market Regional Analysis/Insights
The cardiology electrodes market is analysed and market size insights and trends are provided by country, product, procedure, usability and application as referenced above.
The countries covered in the cardiology electrodes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cardiology electrodes market due to the rising number of ECG procedures, and the increasing incidence of CVDs and their associated risk factors along with presence of leading vendors in this particular region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the growing awareness about cardiovascular diseases and their treatment and growing demand for cardiac devices among patients in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The cardiology electrodes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cardiology electrodes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cardiology electrodes market. The data is available for historic period 2010-2020.
Competitive Landscape and Cardiology Electrodes Market Share Analysis
The cardiology electrodes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cardiology electrodes market.
Some of the major players operating in the cardiology electrodes market are:
- 3M (U.S.)
- EMOTIV (U.S.)
- Bionen S.a.s (Italy)
- NeuroSky (China)
- Asahi Kasei Corporation (Japan)
- Rhythmlink International, LLC’s (U.S.)
- Leonhard Lang USA, Inc. (U.S.)
- Cardinal Health (U.S.)
- Medtronic (Ireland)
- CONMED (U.S.)
- DCC Plc (Ireland)
- General Electric (U.S.)
- Natus Medical Incorporated. (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- SOMNOmedics GmbH (Germany)
- Nissha Co. Ltd. (Japan)
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