Cardiology Electrodes Market: Current Analysis and Forecast (2022-2028)

The global cardiology electrodes market is expected to grow at a significant rate of around 5% during the forecast period. An electrocardiograph or ECG is a test used to measure the electrical activity of the heart. The electrodes are used in the ECG to collect the electrical signals. The rising number of heart attack cases along with the rising prevalence of diseases that can affect heart health is the responsible factor for the market growth of cardiology electrodes. For instance, as per WHO, an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension, most (two-thirds) living in low- and middle-income countries.

3M, VectraCor Inc., ADInstruments Pty Ltd., Medico Electrodes International Ltd., Ambu A/S, Asahi Kasei Corporation, Cardinal Health, Nikomed USA Inc., CONMED Corporation, Leonhard Lang USA, Inc., DCC Plc are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst application, neonatal ECG category to witness higher CAGR during the forecast period"

Based on the application, the market has been categorized into stress test ECG, neonatal ECG, long-term monitoring ECG, resting ECG, and short-term monitoring ECG. Among these, the neonatal ECG segment has a significant share in the cardiology electrodes market. The increasing heart complexities in the newborn along with the higher sensitivity of neonates to the diseases are among the main reasons for the growth of the segment in the market. For instance, as per the CDC, HDs affect nearly 1% of-or about 40,000-births per year in the United States.

"Amongst usability, the disposable medical electrodes segment to hold a significant share in the market in 2020"

Based on usability, the market has been categorized into disposable medical electrodes and reusable medical electrodes. Among these, disposable medical electrodes have a considerable share in the cardiology electrodes market. The higher stability and increased sensitivity of the disposable electrodes towards the electrical signals are the main reason responsible for the segmental growth of the disposable electrodes in the market.

"North America to hold a significant share in the market"

For a better understanding of the market adoption of the cardiology electrodes center industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. In 2020, North America is expected to witness the fastest growth in the global cardiology electrodes market. The presence of the large geriatric population in the region along with the higher investment in the healthcare infrastructure is attributed to the growth of the market in the region. For instance, as per acl.gov, in 2019, the U.S. population age 65+ was 54.1 million among which 30 million were women and 24.1 million were men.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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