The rising prevalence of neurological and cardiovascular illnesses is likely to drive the worldwide medical electrodes market during the forecast period. Throughout the projected period, the global medical electrodes market is likely to rise due to high demand for medical electrodes. Koninklijke Philips NV announced the deployment of an obstetrics monitoring system in June 2020 to assist physicians and pregnant women during the COVID-19 pandemic. Stringent regulatory standards connected with medical electrodes are projected to stymie the global medical electrodes market's expansion. Biocompatibility problems with medical electrodes are to be expected likely limit growth of the global medical electrodes market.
According to Coherent Market Insights, the global Medical Electrodes Market was valued at US$ 1,027.5 Mn in 2021 and is forecast to reach a value of US$ 1,399.8 Mn by 2028 at a CAGR of 4.5% between 2022 and 2028.
Leading Companies in the Medical Electrodes Industry:
1. 3M Company
3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.
2. Ambu A/S
Ambu A/S develops, produces, and sells medical devices to hospitals, clinics, and rescue services worldwide. It provides healthcare solutions in the fields of visualization, anesthesia, and patient monitoring and diagnostics. The company offers endoscopy products, such as bronchoscopes and monitors; and neurology products, including EEG and EMG electrodes, EMG guided injections, and intraoperative monitoring products. Ambu A/S was founded in 1937 and is headquartered in Ballerup, Denmark.
3. Cognionics Inc.
Cognionics is a leader in dry electrode, mobile EEG and multi-modal physiologial monitoring systems. The company was founded in 2010, headquartered in California, U.S.
4. CONMED Corporation
CONMED Corporation is a global medical technology company that specializes in the development. The company is headquartered in New York, U.S. founded in 1970.
5. CooperSurgical Inc.
CooperSurgical offers a full portfolio of medical and surgical products and brands for women's health care that ob/gyns and other clinician. The company was founded in 1990, headquartered in U.S. On Dec. 14, 2022 CooperSurgical, Inc and Ostro, a leading engagement platform dedicated to educating and empowering consumers and healthcare providers, announced their partnership to launch a new consumer engagement solution for CooperSurgical's hormone-free IUD, Paragard. Paragard is an FDA-approved intrauterine device that prevents pregnancy for up to 10 years.
6. Dymedix Diagnostics
The company was founded in 1998, headquartered in U.S. The company is developer of diagnostic sensors designed for sleep disorder clinical studies. The company develops sleep sensors utilizing Polyvinylidene Fluoride (PVDF) film technology which can detect, measure, and transmit changes in temperature, pressure, or motion and provides accurate, reliable, and consistent PSG data with the least amount of testing procedure disruption, enabling customer sensitive and robust sleep sensors.
7. Medtronic PLC
The company was founded in 1949, headquartered in Minneapolis, U.S. the company is developer of healthcare technology to treat chronic disease. The company's medical technology is providing lifelong solutions for people with chronic pain.
8. Natus Medical Incorporated
Natus provides healthcare products used for the screening, detection, treatment, monitoring, and tracking of common medical ailments. The company is headquartered in California, U.S. founded in 1987. The company is acquired by ArchiMed. On Dec 5, 2022 Natus Medical to Acquire Micromed Holding SAS.
9. Nihon Kohden Corporation
Nihon Kohden is a supplier of medical solutions that improve healthcare with advanced technology. Nihon Kohden has provides a wide range of medical electronic equipment including EEG, EMG/EP measuring systems, bedside monitors, defibrillators, electrocardiographs, mechanical ventilators and hematology analyzers. The company was founded in 1951, headquartered in Germany.
*Definition- Medical electrodes are solid electronic conductors used to convert ionic currents in the body into electrical currents that may be amplified, examined, and utilised to diagnose a range of medical conditions.
