Medical Electrodes Market: By Product Type (Needle Electrodes, Disposable Electrodes, Surface Electrodes, and Reusable Electrodes), By Modality (Electrocardiography (ECG), Electromyography (EMG), Electroencephalography (EEG), Brainstem Auditory Evoked Potentials (BAEPs), Motor Evoked Potentials (MEPs), and Others), By Application (Cardiology, Neurophysiology, Electrosurgical, and Others), By End User (Hospitals, Diagnostic Centers, Research Institutions), and Geography  

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Medical Electrodes Market size was valued at USD 1,842.7 million in 2023 and is expected to grow at a significant CAGR of 3.9% from 2024 to 2030. The global market provides a detailed overview which can be segmented by product type, modality, application, end user, and region. By product type, the Medical Electrodes market has been segmented into needle electrodes, disposable electrodes, surface electrodes, and reusable electrodes. By product type, the surface electrodes segment is expected to dominate the market during the forecast period due to the continuous introduction of new electrode indications, which are cost-effective and more precisely working procedures. By modality, the Medical Electrodes market has been segmented into electrocardiography (ECG), electromyography (EMG), electroencephalography (EEG), brainstem auditory evoked potentials ((BAEPs), motor evoked potentials (MEPs), and others. By modality, the electrocardiography (ECG) segment dominated the market in 2021, and this trend is expected to continue during the coming few years owing to the high prevalence of cardiovascular disorders, including coronary artery disease, arrhythmias, and atherosclerosis. By application, the Medical Electrodes market has been segmented into cardiology, neurophysiology, electrosurgical, and others. By application, the cardiology segment dominated the market in the past few years, and this trend is expected to continue during the forecast period owing to the increasing incidences of cardiovascular diseases worldwide. Based on the end user, the segment has been segregated into hospitals, diagnostic centers, and research institutions. The hospital segment is estimated to hold the maximum shares owing to the increasing adoption of these electrodes through ECG devices in hospital settings. Hospitals witness a large number of patient pools arriving at these settings for the diagnosis of several chronic diseases such as cardiovascular disorders, and neurological diseases, among others. The increasing adoption of ECG and EEG instruments in hospitals surely boosts the growth of this segment, consequently medical electrodes market will have a chance to expand globally.

Medical Electrodes Market Key Development:
  • In June 2021, Merck, a science and technology company collaborated with Neuroloop GmbH, a subsidiary of B. Braun in its new bioelectronics innovation field. With the help of this collaboration, companies can develop a neurostimulator device that can be accompanied by existing drug therapies for patients with chronic inflammatory diseases. The fundamental of the platform is a multichannel cuff-electrode based on thin-film technology, which allows selective stimulation of specific fibers within the nerve.
  • In December 2020, NeuroOne Medical Technologies Corporation, a medical technology company announced the first human commercial use of its Evo Cortical Electrode.

Medical Electrodes Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.9%

Largest Market

North America

Fastest Growing Market

Asia pacific
Medical Electrodes Market Dynamics

Rising prevalence of degenerative neurological and cardiological diseases, such as Parkinsons, Alzheimers, fibromyalgia, and various brain disorders, is a key driving factor for the market growth. Moreover, an increasing geriatric population that has created a need for early diagnosis of ailments is also enhancing the demand for medical electrodes globally. Also, increasing investments and government support through favorable policies is further catalyzing the growth of the market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Medical Electrodes Market Segmentation

By Product Type
  • Needle Electrodes
  • Disposable Electrodes
  • Surface Electrodes
  • Reusable Electrodes
By Modality
  • Electrocardiography (ECG)
  • Electromyography (EMG)
  • Electroencephalography (EEG)
  • Brainstem Auditory Evoked Potentials (BAEPs)
  • Motor Evoked Potentials (MEPs)
  • Others
By Application
  • Cardiology
  • Neurophysiology
  • Electrosurgical
  • Others

Frequently Asked Questions

The medical electrodes market size was valued at USD 1,842.7 million in 2023

The medical electrodes market key players are: Koninklijke Philips N.V. (Netherlands) CONMED Corporation (US) Medtronic plc (Ireland) Nihon Kohden Corporation (Japan) Rhythmlink International, LLC (US) 3M Company (US) General Electric Company (US) Cognionics, Inc. (US) Orbital Research Inc. (US) BIONEN sas (Italy)

The medical electrodes market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

  1. Executive Summary
  2. Global Medical Electrodes Market Introduction
    • Global Medical Electrodes Market Taxonomy
    • Global Medical Electrodes Market Definitions
      • Product Type
      • Modality
      • Application
      • End User
  1. Global Medical Electrodes Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Electrodes Market Dynamic Factors - Impact Analysis
    • Global Medical Electrodes Market Competition Landscape
    • Epidemiology
  2. Global Medical Electrodes Market Analysis, 2019 - 2023 and Forecast, 2024 -  2030
    • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Medical Electrodes Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Needle Electrodes
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Disposable Electrodes
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Surface Electrodes
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Reusable Electrodes
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By Modality, 2019 - 2023 and Forecast, 2024 - 2030
    • Electrocardiography (ECG)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electromyography (EMG)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electroencephalography (EEG)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Brainstem Auditory Evoked Potentials (BAEPs)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Motor Evoked Potentials (MEPs)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Cardiology
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Neurophysiology
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electrosurgical
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Diagnostic Centers
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Research Institutions
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Electrodes Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Electrodes Market - Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Region, 2018 2024
  2. North America Medical Electrodes MarketAnalysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2016 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Medical Electrodes Market - Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 2024
    • North America Medical Electrodes Market Dynamics Trends
  3. Europe Medical Electrodes Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Medical Electrodes Market - Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 2024
    • Europe Medical Electrodes Market Dynamics Trends
  4. Asia-Pacific Medical Electrodes Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Medical Electrodes Market - Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 2024
    • Asia-Pacific Medical Electrodes Market Dynamics Trends
  5. Latin America Medical Electrodes Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Medical Electrodes Market - Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 2024
    • Latin America Medical Electrodes Market Dynamics Trends
  6. Middle East and Africa Medical Electrodes Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Needle Electrodes
      • Disposable Electrodes
      • Surface Electrodes
      • Reusable Electrodes
    • Modality Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Electrocardiography (ECG)
      • Electromyography (EMG)
      • Electroencephalography (EEG)
      • Brainstem Auditory Evoked Potentials (BAEPs)
      • Motor Evoked Potentials (MEPs)
      • Others
    • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cardiology
      • Neurophysiology
      • Electrosurgical
      • Others
    • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Diagnostic Centers
      • Research Institutions
    • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Medical Electrodes Market - Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User and Country, 2018 2024
    • MEA Medical Electrodes Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Koninklijke Philips N.V. (Netherlands)
      • CONMED Corporation (US)
      • Medtronic plc (Ireland)
      • Nihon Kohden Corporation (Japan)
      • Rhythmlink International, LLC (US)
      • 3M Company (US)
      • General Electric Company (US)
      • Cognionics, Inc. (US)
      • Orbital Research Inc. (US)
      • BIONEN sas (Italy)
  1. Research Methodology
  2. Key Assumptions and Acronyms

 

  • Koninklijke Philips N.V. (Netherlands)
  • CONMED Corporation (US)
  • Medtronic plc (Ireland)
  • Nihon Kohden Corporation (Japan)
  • Rhythmlink International, LLC (US)
  • 3M Company (US)
  • General Electric Company (US)
  • Cognionics, Inc. (US)
  • Orbital Research Inc. (US)
  • BIONEN sas (Italy)

Adjacent Markets