Which Technology In Medical Electrodes Market Going to Dominate The Market in 2019
The medical electrodes market is expected to reach $732.4 Million, at a CAGR of 4.7%.
(EMAILWIRE.COM, December 13, 2018 ) The growth of the Medical Electrodes Market is attributed to the increasing incidence of neurological and cardiovascular disorders, subsequent growth in diagnostic procedures, growing preference for home and ambulatory healthcare, and increasing investment in R&D. Growing need for early disease diagnosis, untapped emerging markets are expected to offer significant growth opportunities for manufacturers in the coming years.
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On the basis of technology, dry electrodes are projected to register the highest CAGR
By technology, the Medical Electrodes Market is segmented into dry electrodes, wet electrodes, and needle electrodes. Dry electrodes are expected to register the highest CAGR during the forecast period. Dry electrodes measure biopotential signals without using any gel or adhesive. Also, procedures involving the use of these electrodes do not require any skin preparation. Various types of dry electrodes have been introduced in the market to overcome the issues associated with wet electrodes. Moreover, this market segment is witnessing numerous technological advancements focused on developing products that provide high signal quality and better patient comfort. These factors are expected to boost the demand for dry electrodes.
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North America is expected to account for the largest share of the Medical Electrodes Market. The high growth of the North American market is attributed to the factors such as the high incidence of neurological and cardiovascular disorders, increasing demand for technologically advanced electrodes, growing adoption of non-invasive diagnostic electrodes and increasing awareness about the benefits of early disease diagnosis. In 2017, Europe is expected to hold the second largest share of Medical Electrodes Market.
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