North America Medical Electrodes Market Forecast 2022-2030

North America Medical Electrodes Market Forecast 2022-2030

KEY FINDINGS

The North America medical electrodes market is set to grow with a CAGR of 3.91% during the forecasted years 2022 to 2030. Some of the top factors influencing the regional market’s growth include high digital literacy, the surging number of neurological, cardiovascular, and sleep-related disorders, as well as the subsequent requirement for early diagnosis, and the rising geriatric populace.

MARKET INSIGHTS

The North America medical electrodes market growth assessment entails the study of the United States and Canada. The market growth in Canada is primarily influenced by the rise in various diseases and the increasing healthcare spending. In this regard, as per the Canadian Institute of Health Information, the total healthcare expenditure in Canada in the year 2021 was set to reach $308 billion, representing 12.7% of the country’s gross domestic product (GDP). In addition, the Canadian government announced funding of 10 million in order to increase the public health research capacity in the country. The investment also comprises $8 million for core areas, such as disease prevention as well as urban and environmental health.

Conversely, the rise in healthcare investment, the increasing incidence of several disorders, and the growth of the geriatric population are anticipated to further fuel the demand for medical electrodes in Canada. As a result, these factors are collectively set to facilitate market growth in North America during the estimated years.

COMPETITIVE INSIGHTS

Eminent firms operating in the market are Cardinal Health, ConMed Corporation, 3M Company, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments