NORTH AMERICA MEDICAL ELECTRODES MARKET 2022-2028

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The increasing healthcare spending by the government is steadily expanding the region’s market

SKU: TR-263-2022 Category: Tag:

Description

MARKET OUTLOOK

As per the report Market Research, the medical electrodes market in North America is likely to develop with a CAGR of 4.46% throughout the forecasted period from 2022 to 2028. The countries considered in the market are Canada and United States.
In Canada, the prevalence of diseases and rising healthcare expenditure are expected to drive the market in the forecasted period. According to the Canadian Institute of Health Information, the total healthcare spending in 2021 reached $308 billion, representing 12.7% of the country’s GDP. The government in the country announced a $10 million investment to boost the country’s public health research capacity. This funding includes $8 million for disease prevention and urban and environmental health.
Furthermore, the United States medical electrodes market is expected to expand steadily due to an aging population. According to the Urban Institute, the number of Americans aged 65 and above is expected to rise to around 80 million by 2040. The rise in the geriatric population is linked to an increase in cardiovascular diseases, sleep disorders, and other conditions.
Additionally, the presence of key market players, such as 3M, Cardinal Health, Medtronic, etc., has influenced the increasing demand for medical electrodes in this country. High digital literacy, infrastructure advancement, and rapid adoption of digital health solutions are also expected to drive the market for medical electrodes.

COMPETITIVE OUTLOOK

The established players in the medical electrodes market include 3M, Medtronic Plc, Ambu A/S, Dymedix Diagnostics, Cooper Surgical, Rhythmlink International, ConMed Corporation, Pepin Manufacturing, and Koninklijke Philips NV.

TABLE OF CONTENTS

1. NORTH 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 SUBSTITUTE S
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. REGULATORY FRAMEWORK
2.8. KEY MARKET STRATEGIES
2.8.1. ACQUISITIONS
2.8.2. PRODUCT LAUNCHES
2.8.3. CONTRACTS & AGREEMENTS
2.8.4. EXPANSIONS & DIVESTITURES
2.9. MARKET DRIVERS
2.9.1. GROWING PREVALENCE OF CARDIOVASCULAR AND NEUROLOGICAL DISEASES
2.9.2. RISING INVESTMENTS IN RESEARCH AND DEVELOPMENT OF HEALTHCARE SERVICES
2.9.3. RISING PREFERENCE FOR AMBULATORY HEALTHCARE SERVICES
2.10. MARKET CHALLENGES
2.10.1. STRINGENT REGULATIONS IMPOSED BY GOVERNMENT
2.10.2. TIME-CONSUMING PROCESS OF BIOCOMPATIBILITY TESTING
2.11. MARKET OPPORTUNITIES
2.11.1. RISING PREFERENCE FOR DISPOSABLE ELECTRODES
2.11.2. GROWING DEMAND FOR MINIMALLY INVASIVE SURGERIES
3. NORTH AMERICA MEDICAL ELECTRODES MARKET OUTLOOK – BY PRODUCT
3.1. SURFACE ELECTRODES
3.2. NEEDLE ELECTRODES
4. NORTH AMERICA MEDICAL ELECTRODES MARKET OUTLOOK – BY USABILITY
4.1. DISPOSABLE MEDICAL ELECTRODES
4.2. REUSABLE MEDICAL ELECTRODES
5. NORTH AMERICA MEDICAL ELECTRODES MARKET OUTLOOK – BY TYPE
5.1. DIAGNOSTIC MEDICAL ELECTRODES
5.2. THERAPEUTIC MEDICAL ELECTRODES
6. NORTH 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. NORTH AMERICA MEDICAL ELECTRODES MARKET – COUNTRY OUTLOOK
7.1. UNITED STATES
7.2. CANADA
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: NORTH AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: REGULATORY FRAMEWORK
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: LIST OF PRODUCT LAUNCHES
TABLE 6: LIST OF CONTRACTS & AGREEMENTS
TABLE 7: LIST OF EXPANSIONS & DIVESTITURES
TABLE 8: NORTH AMERICA MEDICAL ELECTRODES MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA MEDICAL ELECTRODES MARKET, BY USABILITY, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA MEDICAL ELECTRODES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA MEDICAL ELECTRODES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

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