Medical Electrodes Market will Reach USD 822.13 Million by 2027: Rising Demand for Miniaturization of Medical Devices to Aid in Expansion of Market

The global medical electrodes market size is anticipated to reach USD 822.13 million by 2027 attributed to the increasing prevalence of cardiovascular diseases worldwide. Medical electrodes are used for transferring energy of ionic currents in the body into electrical currents that can be studied and amplified and further used for diagnosis of a disease. As per a recent report titled, “Medical Electrodes Market Size, Share & Industry Analysis, By Product (Wet Electrodes, Dry Electrodes, Needle Electrodes), By Application (Cardiology, Neurophysiology, Others) By Usage (Disposable Medical Electrodes, Reusable Medical Electrodes) By End User (Hospitals & Ambulatory Surgery Centers (ASCs), Specialty Clinics & Diagnostics Centers) and Regional Forecast, 2020-2027,” the market value was at USD 609.76 million in 2019 and is expected to rise a CAGR of 3.9% during the forecast period, 2020 to 2027.

Slim Electrodes called ActiCAP was launched by Brain Products GmbH Marking the Evolution of Slim ECG Devices

The new actiCAP slim electrodes are the improved version of the gold standard electrodes and were launched in June 2017. It is three times slimmer than the original actiCAP electrodes and uses high quality of data in EEG research. They are lightweight and are more comfortable to wear without having to worry about motion artifacts. There is a wider opening for gel injection thus making it more convenient to use and is further expected to attract high revenue to the company in the long run. Such innovations and upgradations in the medical devices promoting the use of miniaturization of medical devices are likely to aid in the expansion of the market in the forthcoming years.

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Favorable Reimbursement Policies Provided by Governments

Various factors are anticipated to promote the medical electrodes market growth. These include the rising prevalence of cardiovascular and neurological disorders around the globe, coupled with the advent of medical equipment with advanced technology for serving various diagnostic purposes. Additionally, government support in the form of awareness programs and reimbursement policies will also add impetus to the growth of the market in the forthcoming years.

On the contrary, factors such as regulatory approvals for medical products imposed by the Food and Drug Administration may pose a major challenge to the market. This, coupled with the lack of awareness about the use of technologically advanced medical devices may cause hindrance to the overall market in the future.

Fragmented Nature of Market will Led to Tough Competition

This market for is highly fragmented on account of the presence of multiple players and their continuous efforts to stand out in the competition. Players are majorly emphasizing on expanding their portfolio with constant innovations and launch of new products in the wound care department, among others. Other vendors are engaging in collaborative efforts to increase the overall medical electrodes market share in the forecast period.

Significant Industry Developments of Market include:

• January 2020 –  Erba Mannheim declared the launch of its electrolyte analyzer with maintenance-free electrodes at the MEDLAB Middle East 2020.


• May 2018 – FDA approved Zeto Inc., for Zeeg, their first dry electrode, wireless egg headset for clinical setting that offers a backup cloud platform for instant uploads, remote interpretation and tools for analysis to neurologists.

List of Notable Market Manufacturers are:

• Vermed


• B. Braun


• KLS Martin


• Zoll Medical


• Ad-Tech Medical


• Cardinal Health


• Medico Electrodes International Limited


• Conmed Corporation


• ETHICON (Johnson & Johnson)


• Ambu


• 3M


• Other Vendors

Further Report Findings

• North America held the dominant market share for medical electrodes with a revenue of USD 280.46 million in 2019 owing to the presence of large companies in the region and the favorable reimbursement policies offered by the regional government.


• With respect to segmentation by application, the market is dominated by the cardiology segment owing to the increasing prevalence of cardiovascular diseases worldwide. However, the other segment is likely to witness significant growth in the coming years with a 17.2% share in 2019.

This market is segmented into: