According to a new report, published by KBV research, The Global Medical Electrodes Market size is expected to reach $2 Billion by 2028, rising at a market growth of 3.8% CAGR during the forecast period.
The Needle Electrodes segment is showcasing a CAGR of 6.2% during (2022 - 2028). Needle electrodes are preferred because they directly enter the specific motor units and provide a more accurate assessment of the upcoming action potentials. The needle electrode with the concentric ring, which is equipped with a single monopolar electrode is the needle electrode that is most frequently used.
The Electrocardiography (ECG) segment acquired maximum revenue share in the Global Medical Electrodes Market by Modality in 2021 thereby, achieving a market value of $967.9 Million by 2028. Arrhythmias that cannot be picked up by a standard 24-48-hour ECG Holter can be found by long-term monitoring. Constant ECG recording is currently widely accessible. Additional monitoring alternatives for patients with suspected or known arrhythmias include fitness bracelets and smartwatches.
The Neurophysiology segment has shown the growth rate of 4.1% during (2022 - 2028). Neurophysiology is concerned with how the nervous system works. i.e., the investigation of the capabilities of neurons, glia, and networks. It is hard to distinguish between electrical events and the molecular and biochemical that cause them. Since the neuron is identical to an engine with electrical and chemical constituents, the measurement of these signals through an electrode helps in the diagnosis of its proper working.
The North America market dominated the Global Medical Electrodes Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $772 Million by 2028.The Europe market is exhibiting a CAGR of 3.2% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 4.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/medical-electrodes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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