Therapeutic electrodes are devices that can provide accurate clinical information with an introduction of medicines through the skin by ionization. Therapeutic electrodes are applied to the body to induce a therapeutic action to provide electric diagnosis of the case. Therapeutic electrodes are used in a wide range of medical indications such as nerve stimulation, cardiac rhythm management, glucose monitoring, and others.
The factors that drive the growth of the global therapeutic electrodes market are rise in public awareness about cardiovascular diseases (CVDs) through governments and non-profit organizations (NPOs) awareness programs & high incidence of hospital-acquired infections worldwide. For instance, as per CDC estimates, about 4% of the population or 1.7 million individuals in the U.S. are affected by hospital-acquired infections annually. However, risks associated with therapeutic electrodes such as allergic reactions and stringent government regulations form the restraints for the market growth. In addition, increased R&D by key players is anticipated to provide lucrative growth opportunities to the market.
The Americas is estimated to be the major revenue contributor to the market by 2023. The increasing incidence of CVDs such as arrhythmia and the rising number of partnerships between governments and group purchasing organizations (GPOs) that helps in the distribution of products and accessories across the region, will be major factors fueling market growth in the Americas.
The Global Therapeutic Electrodes Market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Therapeutic Electrodes Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
3M
Ambu
Beurer
Allied Medical
Richmar
Rothacher Medical
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Electrosurgical Electrodes
Pacemaker Electrodes
Defibrillator Electrodes
In Market segmentation by applications :
Clinics
Hospitals
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Therapeutic Electrodes Market for the forecast period 2020 - 2026?
• What are the driving forces in the Therapeutic Electrodes Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Therapeutic Electrodes industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?