Cardiology Electrodes Market by Product and Geography - Forecast and Analysis 2021-2025
- Published: Jul 2022
- Pages: 120
- SKU: IRTNTR44466
Enjoy complimentary customisation on priority with our Enterprise License!
Quick and easy buy and download option
Flexible option - Complimentary customization included
The cardiology electrodes market share is expected to increase to USD 95.68 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.52%.
This cardiology electrodes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cardiology electrodes market segmentation by product (resting ECG electrodes, short-term monitoring ECG electrodes, long-term monitoring ECG electrodes, stress test ECG electrodes, and neonatal ECG electrodes) and geography (Europe, North America, Asia, and ROW). The cardiology electrodes market report also offers information on several market vendors, including 3M Co., Ambu AS, Bio-Protech Inc., Cardinal Health Inc., CONMED Corp., DCC Plc, Diagramm Halbach GmbH & Co. KG, Medico Electrodes International Ltd., Nikomed USA Inc., and Nissha Co. Ltd. among others.
What will the Cardiology Electrodes Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Cardiology Electrodes Market Size for the Forecast Period and Other Important Statistics
Cardiology Electrodes Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of CVDs is notably driving the cardiology electrodes market growth, although factors such as pricing pressure may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cardiology electrodes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cardiology Electrodes Market Driver
One of the key factors driving the global cardiology electrodes market growth is the increasing prevalence of CVDs. There have been around 17.9 million deaths due to CVDs globally, representing about 32% of the total number of deaths. According to the CDC, in the US, approximately 610,000 people succumb to heart diseases every year. The CDC also reports that every year, approximately 790,000 Americans have a heart attack, of which nearly 580,000 are first attacks, and 210,000 are recurrent attacks. More than 4 million death occur every year in Europe because of CVD, primarily due to stroke and coronary heart disease (CHD). In 2020, approximately 727 million people globally were aged 65 years and above; it is expected that by 2025, the aging population would increase to around 810 million. Approximately 17 in 10,000 patients with heart disease and who are 65 years and above have sick sinus syndrome. Such factors will drive the market growth in the forecast period.
Key Cardiology Electrodes Market Challenge
One of the key challenges to the global cardiology electrodes market growth is the pricing pressure. Most vendors offer similar products, which provides consumers with several choices. Many local vendors offer electrodes at lower prices than the major vendors operating in the market to increase their market penetration, resulting in price wars. Moreover, limitations and complications associated with cardiology electrodes ECG electrodes have been associated with various limitations and drawbacks. The conventional wet Ag/AgCl electrode used for accumulating ECG signals requires a certain amount of preparation and needs the expertise of an experienced clinician to attach the electrode using the wet gel. The wet gel is associated with several disadvantages such as skin irritation, allergic reactions, and inflammation. It also creates favorable growth conditions for bacteria. Textile electrodes require high pressure for good skin and electrode contact. Such factors may hamper the market growth in the coming years.
This cardiology electrodes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global cardiology electrodes market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cardiology electrodes market during the forecast period.
Who are the Major Cardiology Electrodes Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Ambu AS
- Bio-Protech Inc.
- Cardinal Health Inc.
- CONMED Corp.
- DCC Plc
- Diagramm Halbach GmbH & Co. KG
- Medico Electrodes International Ltd.
- Nikomed USA Inc.
- Nissha Co. Ltd.
This statistical study of the cardiology electrodes market encompasses successful business strategies deployed by the key vendors. The cardiology electrodes market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
Product Insights and News
- 3M Co. - The company offers cardiology electrodes under the brand, 3M Red Dot.
- Ambu AS - The company offers cardiology electrodes under the brand, Ambu BlueSensor.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cardiology electrodes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Cardiology Electrodes Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the cardiology electrodes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Cardiology Electrodes Market?
For more insights on the market share of various regions Request for a FREE sample now!
41% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for cardiology electrodes in Europe. Market growth in this region will be faster than the growth of the market in North America.
The increasing focus on early diagnosis and prevention, the strong presence of leading vendors, the increasing number of ECG procedures, and the increasing prevalence of Cardiovascular disease (CVDs) and their related risk factors will facilitate the cardiology electrodes market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 led to a lockdown in the first half of 2020 in Europe. As of June 14, 2021, the total number of COVID-19 cases in the UK, France, and Germany was 4.5 million, 5.7 million, and 1.7 million, respectively. However, the usage of disposable electrodes increased in the treatment to prevent contamination among patients, therefore, reducing the spread of COVID-19. This will help in the regional market growth during the forecast period.
What are the Revenue-generating Product Segments in the Cardiology Electrodes Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The cardiology electrodes market share growth by the resting ECG electrodes segment will be significant during the forecast period. The growing number of CVD patients and the rise in the geriatric population will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cardiology electrodes market size and actionable market insights on post COVID-19 impact on each segment.
Cardiology Electrodes Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.52%
Market growth 2021-2025
$ 95.68 million
YoY growth (%)
Europe, North America, Asia, and ROW
Performing market contribution
Europe at 41%
Key consumer countries
US, Germany, France, China, and Japan
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
3M Co., Ambu AS, Bio-Protech Inc., Cardinal Health Inc., CONMED Corp., DCC Plc, Diagramm Halbach GmbH & Co. KG, Medico Electrodes International Ltd., Nikomed USA Inc., and Nissha Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Cardiology Electrodes Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive cardiology electrodes market growth during the next five years
- Precise estimation of the cardiology electrodes market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the cardiology electrodes industry across Europe, North America, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cardiology electrodes market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1. Executive Summary
1.1 Market overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
2.2 Value chain analysis
Exhibit 10: Value chain analysis: Healthcare equipment market
2.2.1 Research and development
2.2.5 Marketing and sales
2.2.6 Post-sales and services
2.2.7 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 13: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 14: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2020
5. Market Segmentation by Product
5.1 Market segments
Exhibit 22: Product - Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 23: Comparison by Product
5.3 Resting ECG electrodes - Market size and forecast 2020-2025
Exhibit 24: Resting ECG electrodes - Market size and forecast 2020-2025 ($ million)
Exhibit 25: Resting ECG electrodes - Year-over-year growth 2020-2025 (%)
5.4 Short-term monitoring ECG electrodes - Market size and forecast 2020-2025
Exhibit 26: Short-term monitoring ECG electrodes - Market size and forecast 2020-2025 ($ million)
Exhibit 27: Short-term monitoring ECG electrodes - Year-over-year growth 2020-2025 (%)
5.5 Long-term monitoring ECG electrodes - Market size and forecast 2020-2025
Exhibit 28: Long-term monitoring ECG electrodes - Market size and forecast 2020-2025 ($ million)
Exhibit 29: Long-term monitoring ECG electrodes - Year-over-year growth 2020-2025 (%)
5.6 Stress test ECG electrodes - Market size and forecast 2020-2025
Exhibit 30: Stress test ECG electrodes - Market size and forecast 2020-2025 ($ million)
Exhibit 31: Stress test ECG electrodes - Year-over-year growth 2020-2025 (%)
5.7 Neonatal ECG electrodes - Market size and forecast 2020-2025
Exhibit 32: Neonatal ECG electrodes - Market size and forecast 2020-2025 ($ million)
Exhibit 33: Neonatal ECG electrodes - Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Product
Exhibit 34: Market opportunity by Product
6. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 35: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 36: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 37: Geographic comparison
7.3 Europe - Market size and forecast 2020-2025
Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
7.4 North America - Market size and forecast 2020-2025
Exhibit 40: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
7.5 Asia - Market size and forecast 2020-2025
Exhibit 42: Asia - Market size and forecast 2020-2025 ($ million)
Exhibit 43: Asia - Year-over-year growth 2020-2025 (%)
7.6 ROW - Market size and forecast 2020-2025
Exhibit 44: ROW - Market size and forecast 2020-2025 ($ million)
Exhibit 45: ROW - Year-over-year growth 2020-2025 (%)
7.7 Key leading countries
Exhibit 46: Key leading countries
7.8 Market opportunity by geography
Exhibit 47: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing prevalence of CVDs
8.1.2 Increasing awareness about CVDs
8.1.3 Technological advances
8.2 Market challenges
8.2.1 Pricing pressure
8.2.2 Limitations and complications associated with cardiology electrodes
8.2.3 Lack of skilled clinicians with expertise in ECG
Exhibit 48: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increasing demand for disposable electrodes
8.3.2 Emergence of handheld, wireless, and remote monitoring ECG devices
8.3.3 Focus on emerging countries
9. Vendor Landscape
9.2 Landscape disruption
Exhibit 50: Landscape disruption
Exhibit 51: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 52: Vendors covered
10.2 Market positioning of vendors
Exhibit 53: Matrix on vendor position and classification
10.3 3M Co.
Exhibit 54: 3M Co. - Overview
Exhibit 55: 3M Co. - Business segments
Exhibit 56: 3M Co. – Key news
Exhibit 57: 3M Co. - Key offerings
Exhibit 58: 3M Co. - Segment focus
10.4 Ambu AS
Exhibit 59: Ambu AS - Overview
Exhibit 60: Ambu AS - Business segments
Exhibit 61: Ambu AS – Key news
Exhibit 62: Ambu AS - Key offerings
Exhibit 63: Ambu AS - Segment focus
10.5 Bio-Protech Inc.
Exhibit 64: Bio-Protech Inc. - Overview
Exhibit 65: Bio-Protech Inc. - Product and service
Exhibit 66: Bio-Protech Inc. - Key offerings
Exhibit 67: Bio-Protech Inc. - Segment focus
10.6 Cardinal Health Inc.
Exhibit 68: Cardinal Health Inc. - Overview
Exhibit 69: Cardinal Health Inc. - Business segments
Exhibit 70: Cardinal Health Inc. – Key news
Exhibit 71: Cardinal Health Inc. - Key offerings
Exhibit 72: Cardinal Health Inc. - Segment focus
10.7 CONMED Corp.
Exhibit 73: CONMED Corp. - Overview
Exhibit 74: CONMED Corp. - Business segments
Exhibit 75: CONMED Corp. - Key offerings
Exhibit 76: CONMED Corp. - Segment focus
10.8 DCC Plc
Exhibit 77: DCC Plc - Overview
Exhibit 78: DCC Plc - Business segments
Exhibit 79: DCC Plc – Key news
Exhibit 80: DCC Plc - Key offerings
Exhibit 81: DCC Plc - Segment focus
10.9 Diagramm Halbach GmbH & Co. KG
Exhibit 82: Diagramm Halbach GmbH & Co. KG - Overview
Exhibit 83: Diagramm Halbach GmbH & Co. KG - Product and service
Exhibit 84: Diagramm Halbach GmbH & Co. KG - Key offerings
10.10 Medico Electrodes International Ltd.
Exhibit 85: Medico Electrodes International Ltd. - Overview
Exhibit 86: Medico Electrodes International Ltd. - Product and service
Exhibit 87: Medico Electrodes International Ltd. - Key offerings
Exhibit 88: Medico Electrodes International Ltd. - Segment focus
10.11 Nikomed USA Inc.
Exhibit 89: Nikomed USA Inc. - Overview
Exhibit 90: Nikomed USA Inc. - Product and service
Exhibit 91: Nikomed USA Inc. - Key offerings
10.12 Nissha Co. Ltd.
Exhibit 92: Nissha Co. Ltd. - Overview
Exhibit 93: Nissha Co. Ltd. - Business segments
Exhibit 94: Nissha Co. Ltd. – Key news
Exhibit 95: Nissha Co. Ltd. - Key offerings
11.1 Scope of the report
11.1.1 ????Market definition
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 97: Currency conversion rates for US$
11.3 Research methodology
Exhibit 98: Research Methodology
Exhibit 99: Validation techniques employed for market sizing
Exhibit 100: Information sources
11.4 List of abbreviations
Exhibit 101: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Get your sample now!
Frequently Asked Questions?
- Increasing prevalence of CVDs
- Increasing demand for disposable electrodes
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Quick and easy buy and download option
Flexible option - Complimentary customization included
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Did you know?
Did you know?
Did you know?
Customized Report as per your Business Needs
- Our analysts will work directly with you and understand your needs
- Get data on specified regions or segments, competitor and Vendors
- Data will be formatted and presented as per your requirements
- We offer $1000 worth of FREE customization at the time of purchase
Let us help you make report more suited to your requirements.
- Get a competitive breakdown as per your niche industry
- Customize the data with various metrics that meet your business prerequisite
- Understand Revenue Sources, Customers and many more
- Details on Market Share
- These customizations are done in a short amount of time by our analysts and industry experts