Global Medical Electrodes Market to See Stable Growth through 2022, Informs M&M in Its New Report Recently Added at MarketPublishers.com
26 Sep 2017 • by Natalie Aster
LONDON – The world’s market for diagnostic medical electrodes is anticipated to see a stable increase at a healthy 4.7% CAGR over 2017-2022 to grow in value from USD 583.2 million to appr. USD 732.4 million. Steady growth in this market is encouraged by increasing prevalence of cardiovascular and neurological disorders, rising investments in R&D and also enhancing preference for home and ambulatory healthcare. Furthermore, emerging markets like Brazil, India and China are projected to offer lucrative growth opportunities in the foreseeable future.
Basing on usability, the disposable electrodes sector is likely to hold the dominang position in the market, primarily owing to their expanding adoption encouraged by such advantages as low risk of cross contamination and cost effectiveness. This sector is predicted to exhibit high growth in the coming years.
Basing on diagnostic procedure, the electrocardiography (ECG) sector captures the biggest share of the global medical electrodes market; this is attributed to increasing prevalence of cardiovascular diseases, rising incidence of arrhythmias and ongoing technological advancements in the ECG electrodes.
Regionally, the dominant position belongs to North America; growth in this regional market is fueled by escalating incidence of cardiac and neurological disorders and rising product innovation. Meantime, the highest growth rates during 2017-2022 will be registered in the APAC medical electrodes market; this regional market will be driven by rising prevalence of cardiac and neurological disorders, rapidly aging population, expanding adoption of advanced technologies and also enhancing focus of top players on the emerging Asian markets.
New in-demand report “Medical Electrodes Market by Usability, Technology, Diagnostic Procedures, Application - Global Forecast to 2022” prepared by MarketsandMarkets (M&M) offers a detailed market analysis and reliable qualitative and quantitative info on the historical and present market performance. This publication covers the medical electrodes market historical background, current scenario, dynamics, key growth influencing factors, top trends, challenges and opportunities, competitive landscape, leading players, recent developments and many more. Additionally, a comprehensive future outlook through 2022 with an overview of emerging threats and opportunities is at hand in the report.
Visit MarketsandMarkets page for other in-demand reports by this publisher.