Global Therapeutic Electrodes Market 2017-2021

Global therapeutic electrodes market overview

According to the therapeutic electrodes industry analysis, research analysts at Technavio predict that the global therapeutic electrodes market will grow at a CAGR of close to 12% by 2021. This market research analysis identifies the rise in public awareness about cardiovascular diseases (CVDs) as one of the primary growth factors for this market. Governments and non-profit organizations (NPOs) are conducting awareness programs to spread knowledge about the diseases and treatment procedures and are also conducting workshops to educate people about the availability of CVD diagnostic devices to improve the quality of life. For instance, guidelines have been issued by the European Society of Cardiology (ESC) for the development of an international agreement paper to educate people about CVDs, help them make decisions, and provide treatment for people with heart failure. These factors will help in higher awareness levels of the use of CVD diagnostic devices and the development of associated cardiology electrodes.

The rising adoption of therapeutic electrodes in APAC is one of the major trends that will gain traction in the therapeutic electrodes market in the coming years. APAC is witnessing an increase in the incidence of hospital-acquired infections. Since the adoption of therapeutic electrodes is proportional to the increase in adoption of medical devices, this increase in hospital-acquired infections will consequently drive the growth of the therapeutic electrodes market.

Competitive landscape and key vendors

The therapeutic electrodes market is fragmented due to the presence of numerous global, regional, and local vendors. Major companies are engaged in establishing M&As, which help them in strengthening their product lines. Additionally, vendors are also partnering with e-retailing websites to supply and market their therapeutic electrodes.

The leading vendors in the market are -

• Medtronic
• Ambu
• 3M

The other prominent vendors in the market include Adhex Technologies, Allied Medical, Beurer, Bound Tree Medical, Graphic Controls, Heart Sync, MAQUET, Richmar, Rothacher Medical, RS Medical, Technomed Electronics, TENS Units, and Koninklijke Philips.

Segmentation by product and analysis of the therapeutic electrodes market

• TENS electrodes
• Electrosurgical electrodes
• Pacemaker electrodes
• Defibrillator electrodes

During 2016, the defibrillator electrodes segment accounted for the major shares of this market due to the increasing incidence of CVDs. Factors such as lifestyle changes and the rising incidence of CVDs such as cardiac arrhythmia and stroke will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the therapeutic electrodes market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The increasing incidence of CVDs such as arrhythmia and the rising number of partnerships between governments and group purchasing organizations (GPOs) that helps in the distribution of products and accessories across the region, will be major factors fueling market growth in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global therapeutic electrodes market?
• What are the key market trends impacting the growth of the global therapeutic electrodes market?
• What are the challenges to market growth?
• Who are the key vendors in the global therapeutic electrodes market?
• What are the market opportunities and threats faced by the vendors in the global therapeutic electrodes market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global therapeutic electrodes market?

Technavio also offers customization on reports based on specific client requirement.