The Asia Pacific Medical Electrodes Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).
Electrode-related offshoot technologies are moving more in the direction of multi-functional procedures. Along with its typical electrode functions in ECG, one unique electrode usage offers hands-free defibrillator capabilities. Additionally, certain body parts can receive electrical stimulation utilizing medical electrodes and a voltage or current generator.
Due to their ability to stick to the skin, modern devices like wet and dry electrodes are becoming more and more popular with consumers. Additionally, the use of textile electrodes for continuous cardiac monitoring by sportsmen and soldiers to track their heart activities by attaching them to shirts or other types of clothing is increasing the demand for medical electrodes.
As they provide advantages like remote monitoring and longer treatment from the doctor's clinic at the patient's house in the case of managing chronic diseases, portable medical equipment is gaining popularity. Managing conditions like diabetes and heart disease results in fewer trips to the doctor's office or hospital. The portable medical equipment uses medical electrodes for monitoring, and a rise in these devices' usage, implies a rise in medical electrode usage as well.
Over half of the global population lives in the Asia Pacific, which bears a major share of infectious diseases (IDs), especially in poorer nations. The region has also experienced a rise in non-communicable diseases (NCDs) due to aging populations and lifestyle changes. COVID-19 highlighted a key milestone in the strategy for public health as the links between infectious diseases and non-communicable became more apparent. Pandemic innovation has made the public more aware of the dangers of high blood pressure and obesity.
The China market dominated the Asia Pacific Medical Electrodes Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $146.5 Million by 2028.The Japan market is estimated to grow at a CAGR of 4.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.5% during (2022 - 2028).
Based on Product Type, the market is segmented into Surface Electrodes and Needle Electrodes. Based on Modality, the market is segmented into Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), Brainstem Auditory Evoked Potentials (BAEPs) and Others. Based on Application, the market is segmented into Cardiology, Neurophysiology, Electrosurgery, Intraoperative Monitoring (IOM) and Sleep Study. Based on Cardiology Type, the market is segmented into Stress Test ECG, Neonatal ECG, Long-term Monitoring ECG, Short-term Monitoring ECG and Resting ECG. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Medical Electrodes Market is Projected to reach USD 2 Billion by 2028, at a CAGR of 3.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Medtronic PLC, Koninklijke Philips N.V., ConMed Corporation, Becton, Dickinson and Company, Natus Medical Incorporated, Ambu A/S, Cognionics, Inc., CooperSurgical, Inc., and Dymedix Diagnostics.
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