Global market for medical device electrodes to reach $1.43 billion

USA: The US represents the largest regional market worldwide for both medical device electrodes and digital radiography while Europe represents the single largest EEG/EMG/brain function monitoring equipment market. However, these medical technologies are gaining traction quickly in the emerging markets of China, India and Latin America.

The global market for Medical Device Electrodes is projected to reach $1.43 billion by the year 2018. Medical electrodes are mass products with limited scope for differentiation and represent a small business for a medical device manufacturing company. The global market for electrodes for medical devices is highly mature, price-sensitive as well as competitive.

Disposable electrodes have been gaining immense popularity at the expense of reusable electrodes as they reduce initial costs, eliminate cross contamination between patients and reduce the lengthy sterilization process. Over the years, the medical electrodes market has been witnessing several technological advances, primarily aimed at enhancing patient comfort, maintaining skin integrity, and improving electrode-tissue interface for improved recording and stimulation.

Major players profiled in the report include 3M Co., Ambu A/S, CONMED Corp., Covidien, C.R Bard Inc., Katecho Inc., Prosurg Inc., Utah Medical Products Inc., and ZOLL Medical, among others.