Market for Medical Device Electrodes Projected to Reach $811 Million by 2012, According to New Report by Global Industry Analysts, Inc.
Driven by the trend towards disposable electrodes and broader demographic trends such as aging population, the market for medical device electrodes is projected to reach $811 million by 2012.
San Jose, California (PRWEB) April 16, 2008
Electrodes in electronic devices detect electrical signals in patients' muscle and nerve cells that are created by chemical reactions. Medical application areas include blood gas analyzers, defibrillators, ECG, EEG, EMG, ERG, electrosurgical devices, fetal scalp monitoring, nasopharyngeal devices, neurological devices, pacemakers, and TENS. Ailments such as nervous, muscular, ocular, cardiac disorders which traditionally required surgical intervention for confirmatory results can now be easily detected through the use of medical electrodes. The market is increasingly displaying a preference for disposable electrodes as against reusable electrodes. These electrodes also eliminate cross contamination between patients and reduce the lengthy sterilization process.
United States market for medical device electrodes, the largest worldwide is estimated at US$245 million for 2008, as stated by Global Industry Analysts, Inc. Europe accounts for about one third of the global market for electrodes for medical devices (http://www. strategyr. com/Electrodes_for_Medical_Devices_Market_Report. asp). Sales of electrodes for medical devices in Asia-Pacific, the fastest growing market, are projected to register a CAGR of 8.8% for the period 2000-2010. Market for ECG electrodes market (http://www. strategyr. com/Electrodes_for_Medical_Devices_Market_Report. asp) in Europe is expected to reach $42 million by 2010. World TENS electrodes market (http://www. strategyr. com/Electrodes_for_Medical_Devices_Market_Report. asp) is projected to register a CAGR of 10.5%.
Electrodes represent a minor part or division of a medical device manufacturing company. Companies typically offer electrodes as part of their medical/healthcare portfolio. Medical electrodes are commodity-like products with limited scope for differentiation. The market is highly competitive, price sensitive and mature. Market participants include 3M Co, Ambu, CONMED Corp, C. R Bard, Katecho, Prosurg, Rochester Electro-Medical, Covidien, Utah Medical Products and ZOLL Medical.
"Electrodes for Medical Devices: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and the Middle East for the period 2000-2015. Analytics are provided in terms of product segments including Blood Gas Electrodes, Defibrillator Electrodes, ECG Electrodes, EEG/ EMG/ENG Electrodes, Electrosurgical Electrodes, Fetal Scalp Electrodes, Ion-selective Electrodes, Laboratory pH Electrodes, Nasopharyngeal Electrodes, Needle Electrodes, Neurological Electrodes, Pacemaker Electrodes, Surface Biopotential Electrodes, and TENS Electrodes
For more details about this research report, please visit http://www. strategyr. com/Electrodes_for_Medical_Devices_Market_Report. asp (http://www. strategyr. com/Electrodes_for_Medical_Devices_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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