Over the projected period, the market for cardiology electrodes is anticipated to rise as a result of participants in the market investing in the development of innovative cardiology electrodes. For instance, in May 2022, Pulse Technologies Inc., a top producer of cutting-edge technology, declared that Cardionomic's Cardiac Pulmonary Nerve Stimulation (CPNS) System, which uses its own proprietary Hierarchical Surface Restructuring (HSR) technology, is being used to treat patients with Acute Decompensated Heart Failure (ADHF). A privately held U.S. company called Cardionomic, Inc. creates and produces heart failure products. In the past ten years, the demand for healthcare goods and services has multiplied due to the growing elderly population, especially in industrialised and high-growth economies. The global market for cardiology electrodes is expanding as a result of the rising incidence of cardiovascular illnesses. Over the projected period, the market for cardiology electrodes is anticipated to rise as a result of participants in the market investing in the development of innovative cardiology electrodes.
Coherent Market Insights projects that in 2022, the global market for Cardiology Electrodes is anticipated to reach a value of US$127.93 million and is predicted to grow at a CAGR of 5.3% from 2022 to 2030.
Major Players in the Cardiology Electrodes Industry:
1. 3M
The company was founded in the United States in 1902, with its headquarters in Saint Paul, Minnesota. The business operates in the industries of manufacturing, consumer goods, healthcare, and employee safety. Neogen, a manufacturer of goods for animal healthcare and food testing, was included in 3M's processes for food safety, according to an announcement made in December 2021.
2. GE Healthcare (General Electric Company)
The firm was founded in 1892 and is based in Boston, Massachusetts, United States. A global leader in financial services and technology, General Electric Company. The company offers a range of goods and services, from industrial goods to medical imaging, corporate and consumer financing, water treatment, and home appliances. To increase the global availability of HA gas turbine services, GE will expand the scope of its Singapore repair centre in June 2023.
3. Nissha Medical Technologies
The company was started in 1909 and is based in Exchange Street Buffalo, U.S.A. The business sells clinical wearables, accessories, and minimally invasive surgical tools. It has used commercial media and medical equipment to print and convert its technology. High-quality patient monitoring and surgical consumables are produced and distributed by the business directly to hospitals and clinical Centres of Excellence.
4. Koninklijke Philips N.V.
The company was founded in 1891 and is based in Amsterdam, Netherlands. The business provides goods and services in consumer health, home care, patient monitoring, image-guided therapy, diagnostic imaging, and health informatics. The industry's first full-service, at-home 12-lead electrocardiogram (ECG) solution will be available in January 2022, Koninklijke Philips N.V. stated, and it will be used in decentralised clinical studies.
5. Medtronic plc
The business was started in 1949 and has its main office in Dublin, Ireland. It creates and produces medical treatments and technologies. The company declared its intent to buy Affera, Inc. in January 2022. A deal between Medtronic and Vizient was announced in March. In order to satisfy the demands for care at ambulatory surgery centres, the firm declared in April 2022 that it will collaborate with GE Healthcare.
6. BPL Medical Technologies
The business was founded in 1967 and is located in Bangalore, India. BPL, the top manufacturer of medical equipment in India, is a pioneer in cutting-edge medical technologies and offers comprehensive healthcare solutions. The business provides goods in the fields of home care, imaging, critical care, and surgery.
7. Cardinal Health
The firm was founded in 1971 and is based in Dublin, Ohio, United States. The business is focused on the delivery of drugs and healthcare supplies. The business also creates surgical and medical supplies like gloves, scrubs, and fluid management equipment. Powered by Square, Cardinal Health's Modern Commerce Solutions for Retail Independent Pharmacies was released in May 2023.
Definition: Electrocardiogram (ECG) machines are attached to cardiology electrodes, which are tiny plastic patches applied to the skin on the chest, arms, and legs. Cardiology electrodes are a crucial component for ensuring that a pacemaker is positioned correctly and for assessing the efficacy of medications used to treat heart disease.
