LATIN AMERICA MEDICAL ELECTRODES MARKET 2022-2028

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Rising investment in healthcare will open avenues for the medical electrodes market in the region

SKU: TR-261-2022 Category: Tag:

Description

MARKET OUTLOOK

CRIestimates that the medical electrodes market in Latin America is anticipated to surge at a CAGR of 5.48% between the forecasting period 2022 to 2028. The countries studied across the market in the region include Mexico, Brazil and Rest of Latin America.
In Mexico, 2.5% to 2.9% of the GDP has been spent on healthcare from 2010 to 2021. According to International Trade Administration (ITA), the country’s import market for medical supplies reached $4.9 billion in 2019, making it a significant market for various healthcare products and services. Out of all the imports, medical equipment from the United States are in high demand in the country. The increase in healthcare spending is expected to boost the country’s demand for medical electrodes. Additionally, the death rate in the country is increasing due to the rise in cardiovascular disorders. The increasing number of such diseases leads to a need for diagnosis, thus affecting market growth.
In Chile, annual healthcare spending amounted to about 5% of the country’s GDP in 2021. According to ITA, secondary and tertiary healthcare spending was approximately $8.7 million in 2021. Public healthcare spending reached $13.5 billion by the end of 2021. Furthermore, the country’s demand for technologically advanced medical supplies is met by imports. The government’s rising investments in the healthcare sector and increased medical imports are anticipated to bolster the market demand in the country.

COMPETITIVE OUTLOOK

The significant players in the medical electrodes market include ConMed Corporation, Ambu A/S, Cognionics, Rhythmlink International, Cardinal Health Inc., Medico Electrodes and 3M.

TABLE OF CONTENTS

1. LATIN AMERICA MEDICAL ELECTRODES MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE MEDICAL ELECTRODES MARKET
2.2. KEY INSIGHTS
2.2.1. ADVANCEMENT IN TECHNOLOGIES FOR THE DEVELOPMENT OF MEDICAL ELECTRODE DEVICES
2.2.2. HEALTHCARE INITIATIVES BY GOVERNMENT
2.2.3. ECG SEGMENT GAINING TRACTION IN THE MARKET
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. INDUSTRY COMPONENTS
2.6.1. MANUFACTURING
2.6.2. TECHNOLOGY INTEGRATION
2.6.3. DISTRIBUTORS/SUPPLIERS
2.6.4. END-USERS
2.7. KEY MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT LAUNCHES
2.7.3. CONTRACTS & AGREEMENTS
2.7.4. EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING PREVALENCE OF CARDIOVASCULAR AND NEUROLOGICAL DISEASES
2.8.2. RISING INVESTMENTS IN RESEARCH AND DEVELOPMENT OF HEALTHCARE SERVICES
2.8.3. RISING PREFERENCE FOR AMBULATORY HEALTHCARE SERVICES
2.9. MARKET CHALLENGES
2.9.1. STRINGENT REGULATIONS IMPOSED BY GOVERNMENT
2.9.2. TIME-CONSUMING PROCESS OF BIOCOMPATIBILITY TESTING
2.10. MARKET OPPORTUNITIES
2.10.1. RISING PREFERENCE FOR DISPOSABLE ELECTRODES
2.10.2. GROWING DEMAND FOR MINIMALLY INVASIVE SURGERIES
3. LATIN AMERICA MEDICAL ELECTRODES MARKET OUTLOOK – BY PRODUCT
3.1. SURFACE ELECTRODES
3.2. NEEDLE ELECTRODES
4. LATIN AMERICA MEDICAL ELECTRODES MARKET OUTLOOK – BY USABILITY
4.1. DISPOSABLE MEDICAL ELECTRODES
4.2. REUSABLE MEDICAL ELECTRODES
5. LATIN AMERICA MEDICAL ELECTRODES MARKET OUTLOOK – BY TYPE
5.1. DIAGNOSTIC MEDICAL ELECTRODES
5.2. THERAPEUTIC MEDICAL ELECTRODES
6. LATIN AMERICA MEDICAL ELECTRODES MARKET OUTLOOK – BY APPLICATION
6.1. CARDIOLOGY
6.2. INTRAOPERATIVE MONITORING
6.3. NEUROPHYSIOLOGY
6.4. SLEEP DISORDERS
6.5. OTHER APPLICATIONS
7. LATIN AMERICA MEDICAL ELECTRODES MARKET –COUNTRY OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST OF LATIN AMERICA
8. COMPETITIVE LANDSCAPE
8.1. 3M
8.2. CONMED CORPORATION
8.3. MEDTRONIC PLC
8.4. CARDINAL HEALTH INC.
8.5. AMBU A/S
8.6. ZOLL MEDICAL CORPORATION
8.7. DYMEDIX DIAGNOSTICS
8.8. COGNIONICS
8.9. COOPER SURGICAL
8.10. CR BARD INC
8.11. RHYTHMLINK INTERNATIONAL
8.12. NATUS MEDICAL INCORPORATED
8.13. PEPIN MANUFACTURING
8.14. MEDICO ELECTRODES
8.15. KONINKLIJKE PHILIPS NV
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

LIST OF TABLES

TABLE 1: LATIN AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF CONTRACTS & AGREEMENTS
TABLE 6: LIST OF EXPANSIONS & DIVESTITURES
TABLE 7: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY PRODUCT, 2022-2028, (IN $ MILLION)
TABLE 8: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY USABILITY, 2022-2028, (IN $ MILLION)
TABLE 9: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY TYPE, 2022-2028, (IN $ MILLION)
TABLE 10: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY APPLICATION, 2022-2028, (IN $ MILLION)
TABLE 11: LATIN AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY PRODUCT, 2021 & 2028 (IN %)
FIGURE 4: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY SURFACE ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY NEEDLE ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY USABILITY, 2021 & 2028 (IN %)
FIGURE 7: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY DISPOSABLE MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY REUSABLE MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 10: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY DIAGNOSTIC MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY THERAPEUTIC MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 13: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY CARDIOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY INTRAOPERATIVE MONITORING, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY NEUROPHYSIOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY SLEEP DISORDERS, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: BRAZIL MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: MEXICO MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: REST OF LATIN AMERICA MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)

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Companies Mentioned

1. 3M
2. CONMED CORPORATION
3. MEDTRONIC PLC
4. CARDINAL HEALTH INC.
5. AMBU A/S
6. ZOLL MEDICAL CORPORATION
7. DYMEDIX DIAGNOSTICS
8. COGNIONICS
9. COOPER SURGICAL
10. CR BARD INC
11. RHYTHMLINK INTERNATIONAL
12. NATUS MEDICAL INCORPORATED
13. PEPIN MANUFACTURING
14. MEDICO ELECTRODES
15. KONINKLIJKE PHILIPS NV

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