Electrodes For Medical Devices Market Size, Share & Trends Analysis Report By Type (Diagnostics (Electrocardiogram, Electroencephalogram, Electromyogram), Therapeutics, By Region (North America, Europe, APAC), And Segment Forecasts, 2025 - 2030
Electrodes For Medical Devices Market Growth & Trends
The global electrodes for medical devices market size is anticipated to reach USD 2.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.5% from 2025 to 2030. The market is anticipated to witness lucrative growth during the forecast period, owing to increasing prevalence of chronic and other diseases such as heart diseases, Parkinson’s Disease (PD), Alzheimer’s disease, brain disorders, Trigeminal Neuralgia (TN or TGN), sinusitis, tinnitus, Raynaud's disease, fibromyalgia, circulatory disturbances, gout, and body ache, across the globe.
Minimally Invasive Surgery (MIS) is one of the advancements in medical technology in which small incisions are made in the body for laparoscopy, endoscopy, arthroscopy, and other surgical procedures. This procedure is gaining popularity owing to faster recovery, lesser postsurgical infections, pain, & major bleeding, reduced scarring, and high accuracy benefits. In 2015, over 20.0 million Americans underwent MIS, which is expected to assist in the growth of this vertical during the forecast period.
Electrodes For Medical Devices Market Report Highlights
- The diagnostics segment dominated the market in 2024. There has been an increase in the number of cardiovascular, neurological, and sleep disorders in the last few years, which has led to an increase in the number of diagnostics procedures being carried out around the world.
- Rising prevalence of heart diseases, fetal distress syndrome, ocular diseases, and neurological disorders make extensive use of Electrocardiogram (ECG), Electroencephalogram (EEG), electrosurgical, and fetal scalp electrodes
- The therapeutics segment is expected to grow at the fastest CAGR during the forecasted period. The therapeutics segment is further classified into pacemakers, Transcutaneous Electrical Nerve Stimulators (TENS), defibrillators, electrosurgical, and others.
- Defibrillator and electrosurgical electrodes are projected to hold substantial market share over the forecast period. This can be attributed to the advanced development of wearable defibrillator that constantly monitors the cardiac rhythms of the wearer and identifies & notifies the user about the occurrence of any abnormality and helps regain the normal heart functionality
- North America held the largest revenue share of 42.8% in 2024 due to the increasing prevalence of CVD in the region, the changing lifestyle of individuals, health awareness among people, and the presence of the target audience in the U.S. and Canada.
- Asia Pacific is expected to grow at the fastest CAGR of 12.7% over the forecast period. This can be attributed to the presence of chronic diseases in the region, government initiatives regarding health awareness & surge in investment in the healthcare sector.
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Type scope
- 1.2.2. Regional scope
- 1.2.3. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR’s internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.4.5.1. Data for primary interviews in North America
- 1.4.5.2. Data for primary interviews in Europe
- 1.4.5.3. Data for primary interviews in Asia Pacific
- 1.4.5.4. Data for primary interviews in Latin America
- 1.4.5.5. Data for Primary interviews in MEA
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
- Chapter 3. Electrodes For Medical Devices Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing demand for minimally invasive procedures.
- 3.2.1.2. Rising prevalence of chronic cardiovascular diseases
- 3.2.1.3. Technological advancements in electrode materials and designs
- 3.2.2. Market restraint analysis
- 3.2.2.1. High cost of advanced electrodes and devices
- 3.2.2.2. Stringent regulatory approval processes, delaying product launches
- 3.3. Electrodes For Medical Devices Market Analysis Tools
- 3.3.1. Industry Analysis – Porter’s
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- Chapter 4. Electrodes For Medical Devices Market: Type Estimates & Trend Analysis
- 4.1. Global Electrodes For Medical Devices Market: Type Dashboard
- 4.2. Global Electrodes For Medical Devices Market: Type Movement Analysis
- 4.3. Global Electrodes For Medical Devices Market by Type, Revenue
- 4.4. Diagnostics
- 4.4.1. Diagnostics market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. Electrocardiogram (ECG)
- 4.4.2.1. Electrocardiogram (ECG) market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Electroencephalogram (EEG)
- 4.4.3.1. Electroencephalogram (EEG) market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.4. Electromyogram (EMG)
- 4.4.4.1. Electromyogram (EMG) market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.5. Electroretinogram (ERG)
- 4.4.5.1. Electroretinogram (ERG) market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.6. Fetal Scalp
- 4.4.6.1. Fetal scalp market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.7. Others
- 4.4.7.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5. Therapeutics
- 4.5.1. Therapeutics market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5.2. Pacemaker
- 4.5.2.1. Pacemaker market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5.3. Transcutaneous electrical nerve stimulator
- 4.5.3.1. Transcutaneous electrical nerve stimulator market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5.4. Defibrillator
- 4.5.4.1. Defibrillator market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5.5. Electrosurgical
- 4.5.5.1. Electrosurgical market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5.6. Others
- 4.5.6.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
- Chapter 5. Electrodes For Medical Devices Market: Regional Estimates & Trend Analysis by Type
- 5.1. Regional Dashboard
- 5.2. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 5.3. North America
- 5.3.1. U.S.
- 5.3.1.1. Key country dynamics
- 5.3.1.2. Regulatory framework/ reimbursement structure
- 5.3.1.3. Competitive scenario
- 5.3.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.2. Canada
- 5.3.2.1. Key country dynamics
- 5.3.2.2. Regulatory framework/ reimbursement structure
- 5.3.2.3. Competitive scenario
- 5.3.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.3. Mexico
- 5.3.3.1. Key country dynamics
- 5.3.3.2. Regulatory framework/ reimbursement structure
- 5.3.3.3. Competitive scenario
- 5.3.3.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4. Europe
- 5.4.1. UK
- 5.4.1.1. Key country dynamics
- 5.4.1.2. Regulatory framework/ reimbursement structure
- 5.4.1.3. Competitive scenario
- 5.4.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.2. Germany
- 5.4.2.1. Key country dynamics
- 5.4.2.2. Regulatory framework/ reimbursement structure
- 5.4.2.3. Competitive scenario
- 5.4.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.3. France
- 5.4.3.1. Key country dynamics
- 5.4.3.2. Regulatory framework/ reimbursement structure
- 5.4.3.3. Competitive scenario
- 5.4.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.4. Italy
- 5.4.4.1. Key country dynamics
- 5.4.4.2. Regulatory framework/ reimbursement structure
- 5.4.4.3. Competitive scenario
- 5.4.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.5. Spain
- 5.4.5.1. Key country dynamics
- 5.4.5.2. Regulatory framework/ reimbursement structure
- 5.4.5.3. Competitive scenario
- 5.4.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.6. Norway
- 5.4.6.1. Key country dynamics
- 5.4.6.2. Regulatory framework/ reimbursement structure
- 5.4.6.3. Competitive scenario
- 5.4.6.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.7. Sweden
- 5.4.7.1. Key country dynamics
- 5.4.7.2. Regulatory framework/ reimbursement structure
- 5.4.7.3. Competitive scenario
- 5.4.7.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.8. Denmark
- 5.4.8.1. Key country dynamics
- 5.4.8.2. Regulatory framework/ reimbursement structure
- 5.4.8.3. Competitive scenario
- 5.4.8.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5. Asia Pacific
- 5.5.1. Japan
- 5.5.1.1. Key country dynamics
- 5.5.1.2. Regulatory framework/ reimbursement structure
- 5.5.1.3. Competitive scenario
- 5.5.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5.2. China
- 5.5.2.1. Key country dynamics
- 5.5.2.2. Regulatory framework/ reimbursement structure
- 5.5.2.3. Competitive scenario
- 5.5.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5.3. India
- 5.5.3.1. Key country dynamics
- 5.5.3.2. Regulatory framework/ reimbursement structure
- 5.5.3.3. Competitive scenario
- 5.5.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5.4. Australia
- 5.5.4.1. Key country dynamics
- 5.5.4.2. Regulatory framework/ reimbursement structure
- 5.5.4.3. Competitive scenario
- 5.5.4.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5.5. South Korea
- 5.5.5.1. Key country dynamics
- 5.5.5.2. Regulatory framework/ reimbursement structure
- 5.5.5.3. Competitive scenario
- 5.5.5.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5.6. Thailand
- 5.5.6.1. Key country dynamics
- 5.5.6.2. Regulatory framework/ reimbursement structure
- 5.5.6.3. Competitive scenario
- 5.5.6.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
- 5.6. Latin America
- 5.6.1. Brazil
- 5.6.1.1. Key country dynamics
- 5.6.1.2. Regulatory framework/ reimbursement structure
- 5.6.1.3. Competitive scenario
- 5.6.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 5.6.2. Argentina
- 5.6.2.1. Key country dynamics
- 5.6.2.2. Regulatory framework/ reimbursement structure
- 5.6.2.3. Competitive scenario
- 5.6.2.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 5.7. MEA
- 5.7.1. South Africa
- 5.7.1.1. Key country dynamics
- 5.7.1.2. Regulatory framework/ reimbursement structure
- 5.7.1.3. Competitive scenario
- 5.7.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 5.7.2. Saudi Arabia
- 5.7.2.1. Key country dynamics
- 5.7.2.2. Regulatory framework/ reimbursement structure
- 5.7.2.3. Competitive scenario
- 5.7.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 5.7.3. UAE
- 5.7.3.1. Key country dynamics
- 5.7.3.2. Regulatory framework/ reimbursement structure
- 5.7.3.3. Competitive scenario
- 5.7.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 5.7.4. Kuwait
- 5.7.4.1. Key country dynamics
- 5.7.4.2. Regulatory framework/ reimbursement structure
- 5.7.4.3. Competitive scenario
- 5.7.4.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
- Chapter 6. Competitive Landscape
- 6.1. Company/Competition Categorization
- 6.2. Vendor Landscape
- 6.2.1. Key company market share analysis, 2024
- 6.2.2. 3M
- 6.2.2.1. Company overview
- 6.2.2.2. Financial performance
- 6.2.2.3. Product benchmarking
- 6.2.2.4. Strategic initiatives
- 6.2.3. Boston Scientific Corporation
- 6.2.3.1. Company overview
- 6.2.3.2. Financial performance
- 6.2.3.3. Product benchmarking
- 6.2.3.4. Strategic initiatives
- 6.2.4. GE Healthcare
- 6.2.4.1. Company overview
- 6.2.4.2. Financial performance
- 6.2.4.3. Product benchmarking
- 6.2.4.4. Strategic initiatives
- 6.2.5. CONMED Corporation
- 6.2.5.1. Company overview
- 6.2.5.2. Financial performance
- 6.2.5.3. Product benchmarking
- 6.2.5.4. Strategic initiatives
- 6.2.6. Medtronic
- 6.2.6.1. Company overview
- 6.2.6.2. Financial performance
- 6.2.6.3. Product benchmarking
- 6.2.6.4. Strategic initiatives
- 6.2.7. Natus Medical Incorporated
- 6.2.7.1. Company overview
- 6.2.7.2. Financial performance
- 6.2.7.3. Product benchmarking
- 6.2.7.4. Strategic initiatives
- 6.2.8. Thermo Fisher Scientific Inc.
- 6.2.8.1. Company overview
- 6.2.8.2. Financial performance
- 6.2.8.3. Product benchmarking
- 6.2.8.4. Strategic initiatives
- 6.2.9. Koninklijke Philips N.V.
- 6.2.9.1. Company overview
- 6.2.9.2. Financial performance
- 6.2.9.3. Product benchmarking
- 6.2.9.4. Strategic initiatives
- 6.2.10. X-trodes
- 6.2.10.1. Company overview
- 6.2.10.2. Financial performance
- 6.2.10.3. Product benchmarking
- 6.2.10.4. Strategic initiatives
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