Looking at the current market trends as well as the promising demand status of the "Medical Electrodes Market" it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting them to draw conclusions out of this intelligent research report.
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The report provides a comprehensive look at the dynamics of the global medical electrodes market by profiling its geographical segments, leading product types, and major players. The competitive dynamics of the medical electrodes market are assessed in detail in the report in order to shed light on the operating conditions of the medical electrodes market. The competitive analysis of the medical electrodes market provided in the report provides readers with a clear platform on which their competitive strategies, as the information in the report presents a clear picture of how things stand in the medical electrodes market at present. The detailed analysis of the geographical segmentation of the medical electrodes market will also help readers analyze the most profitable regional markets for medical electrodes.
The global medical electrodes market was valued at US$641.3 mn in 2017. Exhibiting a robust 6% CAGR between 2017 and 2022, the market is expected to rise to US$857 mn by 2025.
The drivers and restraints of the global medical electrodes market are assessed in detail in the report to provide accurate information about what is making the market move. The dynamics are the medical electrodes market are dependent on a number of external factors due to the growing economic prominence of the healthcare sector, making this section vitally important for readers. The effect of various drivers and restraints on the global medical electrodes market is quantified in the report, providing readers with a clear look into what is most significantly affecting the global medical electrodes market’s growth.
The steady growth of the healthcare industry in developing regions is likely to be the major driver for the medical electrodes market in the coming years. Components such as medical electrodes require widespread presence of advanced medical infrastructure in order to be fully utilized, making the growth of the healthcare industry vital for the global medical electrodes market. Rising investment in the healthcare industry, aimed at improving the operating conditions within the industry, is thus likely to remain an important driver for the global medical electrodes market in the coming years.
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By product type, dry electrodes are likely to comprise the dominant share in the global medical electrodes market in the coming years. The dry electrodes segment accounted for 48.3% of the global medical electrodes market in 2017. The segment is likely to rise from a valuation of US$309.8 mn in 2017 to US$425.1 mn by 2022, exhibiting a strong 6.5% CAGR therein. The market share of the dry electrodes segment is also likely to rise over the 2017-2022 forecast period, with the segment expected to account for 49.6% of the global medical electrodes market by 2022.
Geographically, North America is expected to remain the dominant contributor to the global medical electrodes market in the coming years. The North America market was valued at US$219.7 mn in 2017 and is expected to rise to US$297.9 mn by 2022 at a 6.3% CAGR. Europe is also likely to be key to the global medical electrodes market, with the market expected to be valued at US$247.7 mn in Europe by 2022. The Europe medical electrodes market is expected to exhibit a strong 5.6% CAGR over the 2017-2022 forecast period.
Leading companies in the global medical electrodes market include General Electric Company, 3M, Medtronic Plc, Ambu A/S, CONMED Corporation, Koninklijke Philips NV, Natus Medical Incorporated, Compumedics Limited, Rhythmlink International LLC, and Nihon Kohden Corporation.
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