Global Intraoperative Monitoring Electrodes Market, By Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), and Others), By Usability (Disposable Electrode and Reusable Electrode), By Type of Electrode (Wet Electrode, Dry Electrode, and Needle Electrode), By End User (Hospital, Ambulatory Surgical Centers, and Specialty Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) as highlighted in a new report published by Coherent Market Insights. Global Intraoperative Monitoring Electrodes Market is estimated to be valued at US$ 576.5 Million in 2023 and is expected to exhibit a CAGR of 7.1% during the forecast period (2023-2030).
To provide innovative solutions that assist surgeons during critical head and neck procedures, the key market players are focused on product approvals from regulatory authorities which is expected to drive the global intraoperative monitoring electrodes market growth over the forecast period. For instance, in October 2020, Medtronic plc., the global leader in medical technology, announced it had received U.S. Food and Drug Administration (FDA) 510(k) clearance of the ‘NIM Vital’ nerve monitoring system, which enables physicians to identify, confirm, and monitor nerve function to help reduce the risk of nerve damage during head and neck surgery.
Global Intraoperative Monitoring Electrodes Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdowns in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, the COVID-19 pandemic had a negative impact on the global intraoperative monitoring electrodes market. For instance, according to an article published by PubMed Central, in July 2020, a survey was conducted and it was found that all hospitals had to sort out the urgency of their daily surgical procedures and had to consider non-surgical methods wherever possible.
Global Intraoperative Monitoring Electrodes Market: Key Developments
In September 2021, Bittium, a leading specialist for secure communications, connectivity, and medical technology solutions, expands the portfolio of its new generation Electrocardiogram (ECG) electrodes. In combination with the Bittium Faros ECG device, the new Bittium OmegaSnap patch electrodes support one (1-CH), two (2-CH), and three-channel (3-CH) ECG measurements.
In October 2022, Henkel Adhesives Technologies India Private Limited, a multinational chemical and consumer goods company, announced an extension of their existing partnership with Byteflies, a medical technology company, to further drive innovative solutions for remote patient monitoring. This partnership will further strengthen the combination of Henkel´s medical adhesives and printed electronics expertise with remote patient monitoring solutions of Byteflies focusing on ECG monitoring.
Browse 35 Market Data Tables and 34 Figures spread through 180 Pages and in-depth TOC on “Global Intraoperative Monitoring Electrodes Market”- Forecast to 2030, Global Intraoperative Monitoring Electrodes Market, By Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), and Others), By Usability (Disposable Electrode and Reusable Electrode), By Type of Electrode (Wet Electrode, Dry Electrode, and Needle Electrode), By End User (Hospital, Ambulatory Surgical Centers, and Specialty Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Link:
Furthermore, key players are focused on improving surgical care options and outcomes for patients suffering from neurological disorders and this is attributed to product approvals from the regulatory authorities and this is expected to fuel the growth of the global intraoperative monitoring electrodes market. For instance, in September 2021, NeuroOne Medical Technologies Corporation, a medical technology company, it had received U.S. Food and Drug Administration (FDA) 510(k) clearance to market its Evo sEEG Electrode technology for temporary (less than 24 hours) use with recording, monitoring, and stimulation equipment for the recording, monitoring, and stimulation of electrical signals at the subsurface level of the brain.
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Key Takeaways of the Global Intraoperative Monitoring Electrodes Market:
- Global intraoperative monitoring electrodes market is expected to exhibit a CAGR of 7.1% during the forecast period, owing to approvals and recommendations of novel products. For instance, in January 2023, Great Lakes NeuroTechnologies, a developer of biomedical technologies to serve research, education, and medical communities announced that its KinesiaU and Kinesia 360 motor assessment systems were recommended by NICE (National Institute for Health and Care Excellence) for remote monitoring of Parkinson’s disease (PD) in its evidence-based recommendations for devices for remote monitoring of Parkinson’s disease.
- Among usability, disposable electrode is estimated to hold a dominant position in the global intraoperative monitoring electrodes market, key players are focusing on reliable neuromuscular monitoring. For instance, in April 2020, Nihon Kohden Corporation, a Japan-based manufacturer of precision medical products and services, announced the launch of a new Premium Disposable Gold Cup EEG Electrode. The disposable electroencephalogram (EEG) electrodes help healthcare workers prevent cross-contamination between patients while maintaining high-quality EEG signals. Each package of Premium Disposable Gold Cup EEG Electrodes includes 10 gold cup electrodes, and is available in four convenient cable lengths, including 40, 60, 80, and 100-inch, for ease of use in most test situations.
- Among region, Europe is the fastest growing region during the forecast period in the global intraoperative monitoring electrodes market, as market key players are interested in the potential of digital integration in neuromonitoring and this is expected to drive the market growth over the forecast period. For Instance, in September 2022, Brainlab, a digital medical technology company, acquired Dr. Langer Medical GmbH, a family-owned company focused on the development of intraoperative neuromonitoring solutions and equipment, to expand Brainlab’s neuromonitoring portfolio.
- Major players operating in the global intraoperative monitoring electrodes market include DIXI Medical, Ambu A/S, Blackrock Microsystems LLC, Digitimer Ltd., Cognionics, Inc., Rhythmlink International, LLC, Unimed Electrode Supplies, 3M Company, NuVasive, Inc., Computational Diagnostics, Inc., and Natus Medical Incorporated, NIHON KOHDEN CORPORATION.
