The United States medical electrodes market is set to progress with a CAGR of 4.10% during the forecasting years, reaching a revenue share of $784.87 million by 2028. While the base year considered for the studied market is 2021, the forecast period is from 2022 to 2028.
UNITED STATES MEDICAL ELECTRODES MARKET FORECAST 2022-2028
United States Medical Electrodes Market by Type (Diagnostics Medical Electrodes, Therapeutic Medical Electrodes) Market by Product (Surface Electrodes, Needle Electrodes) Market by Usability (Disposable Medical Electrodes, Reusable Medical Electrodes) Market by Application (Cardiology, Intraoperative Monitoring, Neurophysiology, Sleep Disorders, Other Applications)
The United States medical electrodes market is set to progress with a CAGR of 4.10% during the forecasting years, reaching a revenue share of $784.87 million by 2028. While the base year considered for the studied market is 2021, the forecast period is from 2022 to 2028.
The country’s market growth is strengthened by the increasing geriatric population, the rise in cardiovascular as well as neurological conditions, the surging healthcare expenditure, and the presence of leading market players.
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According to the World Health Organization (WHO), nearly 17.9 million people died due to cardiovascular diseases, representing 32% of all deaths, globally. Moreover, heart disease is also the leading cause of death in the United States, with the country recording approximately 659,000 deaths associated with cardiac disorders every year.
In addition, the presence of key market players, including Cardinal Health, Medtronic, and 3M, among others, is conducive to the medical electrodes market in the United States. Factors such as infrastructural advancements, increasing health expenditure, high digital literacy, and the rapid adoption of digital health solutions play an essential role in propelling the demand for medical electrodes in the country, as well.
Furthermore, as per the data issued by the Centers for Medicare & Medicaid Services (CMS), healthcare expenditure in the United States reached $4.1 trillion in 2020, indicating an increase of 9.7%. Besides, this figure accounted for 19.7% of the country’s gross domestic product (GDP). While federal government healthcare spending increased by 36% in 2020 following the pandemic, hospital expenditures also increased by 6.4%, reaching $1270.1 billion. Hence, these factors are expected to raise the demand for medical electrodes, thus positively influencing the market growth in the United States during the forecast period.
The United States medical electrodes market is segmented into product, usability, application, and type. The type segment includes diagnostics medical electrodes and therapeutics medical electrodes. Diagnostics medical electrodes comprise electrocardiogram, electroretinogram, electromyogram, and others. The electrodes work by delivering an electrical contact between the apparatus used to monitor activities and the patient. Moreover, diagnostics medical electrodes are crucial in terms of patient monitoring as well as testing methods.
Therapeutic electrodes offer accurate clinical information by introducing medicines through the skin by means of ionization. They are used in various medical indications, including cardiac rhythm management, monitoring of glucose, and nerve stimulation, among others.
Some of the leading companies operating in the United States medical electrodes market include Cooper Surgical, Medtronic PLC, Dymedix, Cardinal Health, etc.
Cooper Surgical, headquartered in the United States, is a global leader in in-vitro fertilization (IVF) and reproductive genetics. With a diversified range of services and products, the company offers medical devices as well as fertility and genomics solutions that focus on the health of families, women, and babies. Its business is classified into two segments, namely fertility solutions and medical devices. The company’s product, Nu-Tip Laparoscopic Instrument, has reusable handles with disposable stainless-steel tips. Also, it rotates for optical instrument positioning and surgical control.
Report Synopsis
Report Scope | Details |
| Market Forecast Years | 2022-2028 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Product, Usability, Application, Type |
| Country Analyzed | The United States |
| Companies Analyzed | Cardinal Health, 3M, ConMed Corporation, Cooper Surgical, Medtronic PLC, Dymedix Diagnostics, Zoll Medical Corporation |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON MEDICAL ELECTRODES MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- PESTLE ANALYSIS – UNITED STATES
- VALUE CHAIN ANALYSIS
- MANUFACTURING
- TECHNOLOGY INTEGRATION
- DISTRIBUTORS/SUPPLIERS
- END-USER
- REGULATORY FRAMEWORK
- MARKET BY TYPE
- DIAGNOSTICS MEDICAL ELECTRODES
- ELECTROCARDIOGRAM (ECG)
- ELECTROENCEPHALOGRAM (EEG)
- ELECTROMYOGRAM (EMG)
- ELECTRORETINOGRAM (ERG)
- FETAL SCALP
- OTHER DIAGNOSTICS
- THERAPEUTIC MEDICAL ELECTRODES
- PACEMAKERS
- TRANSCUTANEOUS ELECTRICAL NERVE STIMULATORS (TENS)
- DEFIBRILLATORS
- ELECTROSURGICAL ELECTRODES
- OTHER THERAPEUTICS
- DIAGNOSTICS MEDICAL ELECTRODES
- MARKET BY PRODUCT
- SURFACE ELECTRODES
- NEEDLE ELECTRODES
- MARKET BY USABILITY
- DISPOSABLE MEDICAL ELECTRODES
- REUSABLE MEDICAL ELECTRODES
- MARKET BY APPLICATION
- CARDIOLOGY
- INTRAOPERATIVE MONITORING (IOM)
- NEUROPHYSIOLOGY
- SLEEP DISORDERS
- OTHER APPLICATIONS
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- 3M
- CARDINAL HEALTH
- CONMED CORPORATION
- COOPER SURGICAL
- DYMEDIX DIAGNOSTICS
- MEDTRONIC PLC
- ZOLL MEDICAL CORPORATION
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – MEDICAL ELECTRODES
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: UNITED STATES MEDICAL ELECTRODES MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: UNITED STATES MEDICAL ELECTRODES MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 5: UNITED STATES MEDICAL ELECTRODES MARKET, BY DIAGNOSTICS MEDICAL ELECTRODES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: UNITED STATES MEDICAL ELECTRODES MARKET, BY DIAGNOSTICS MEDICAL ELECTRODES, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 7: UNITED STATES MEDICAL ELECTRODES MARKET, BY THERAPEUTICS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: UNITED STATES MEDICAL ELECTRODES MARKET, BY THERAPEUTICS, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 9: UNITED STATES MEDICAL ELECTRODES MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: UNITED STATES MEDICAL ELECTRODES MARKET, BY PRODUCT, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 11: UNITED STATES MEDICAL ELECTRODES MARKET, BY USABILITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: UNITED STATES MEDICAL ELECTRODES MARKET, BY USABILITY, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 13: UNITED STATES MEDICAL ELECTRODES MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: UNITED STATES MEDICAL ELECTRODES MARKET, BY APPLICATION, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 15: LIST OF MERGERS & ACQUISITIONS
TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: PESTLE ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: UNITED STATES MEDICAL ELECTRODES MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 7: UNITED STATES MEDICAL ELECTRODES MARKET, BY DIAGNOSTICS MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 8: UNITED STATES MEDICAL ELECTRODES MARKET, GROWTH POTENTIAL, BY DIAGNOSTICS, IN 2021
FIGURE 9: UNITED STATES MEDICAL ELECTRODES MARKET, BY ELECTROCARDIOGRAM, 2022-2028 (IN $ MILLION)
FIGURE 10: UNITED STATES MEDICAL ELECTRODES MARKET, BY EEG, 2022-2028 (IN $ MILLION)
FIGURE 11: UNITED STATES MEDICAL ELECTRODES MARKET, BY ELECTROMYOGRAM, 2022-2028 (IN $ MILLION)
FIGURE 12: UNITED STATES MEDICAL ELECTRODES MARKET, BY ELECTRORETINOGRAM, 2022-2028 (IN $ MILLION)
FIGURE 13: UNITED STATES MEDICAL ELECTRODES MARKET, BY FETAL SCALP, 2022-2028 (IN $ MILLION)
FIGURE 14: UNITED STATES MEDICAL ELECTRODES MARKET, BY OTHER DIAGNOSTICS, 2022-2028 (IN $ MILLION)
FIGURE 15: UNITED STATES MEDICAL ELECTRODES MARKET, BY THERAPEUTIC MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 16: UNITED STATES MEDICAL ELECTRODES MARKET, BY PACEMAKERS, 2022-2028 (IN $ MILLION)
FIGURE 17: UNITED STATES MEDICAL ELECTRODES MARKET, BY TRANSCUTANEOUS ELECTRICAL NERVE STIMULATORS, 2022-2028 (IN $ MILLION)
FIGURE 18: UNITED STATES MEDICAL ELECTRODES MARKET, BY DEFIBRILLATORS, 2022-2028 (IN $ MILLION)
FIGURE 19: UNITED STATES MEDICAL ELECTRODES MARKET, BY ELECTROSURGICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 20: UNITED STATES MEDICAL ELECTRODES MARKET, BY OTHER THERAPEUTICS, 2022-2028 (IN $ MILLION)
FIGURE 21: UNITED STATES MEDICAL ELECTRODES MARKET, BY SURFACE ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 22: UNITED STATES MEDICAL ELECTRODES MARKET, BY NEEDLE ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 23: UNITED STATES MEDICAL ELECTRODES MARKET, BY DISPOSABLE MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 24: UNITED STATES MEDICAL ELECTRODES MARKET, BY REUSABLE MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 25: UNITED STATES MEDICAL ELECTRODES MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 26: UNITED STATES MEDICAL ELECTRODES MARKET, BY CARDIOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 27: UNITED STATES MEDICAL ELECTRODES MARKET, BY IOM, 2022-2028 (IN $ MILLION)
FIGURE 28: UNITED STATES MEDICAL ELECTRODES MARKET, BY NEUROPHYSIOLOGY, 2022-2028 (IN $ MILLION)
FIGURE 29: UNITED STATES MEDICAL ELECTRODES MARKET, BY SLEEP DISORDERS, 2022-2028 (IN $ MILLION)
FIGURE 30: UNITED STATES MEDICAL ELECTRODES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
- MARKET BY TYPE
- DIAGNOSTICS MEDICAL ELECTRODES
- ELECTROCARDIOGRAM (ECG)
- ELECTROENCEPHALOGRAM (EEG)
- ELECTROMYOGRAM (EMG)
- ELECTRORETINOGRAM (ERG)
- FETAL SCALP
- OTHER DIAGNOSTICS
- THERAPEUTIC MEDICAL ELECTRODES
- PACEMAKERS
- TRANSCUTANEOUS ELECTRICAL NERVE STIMULATORS (TENS)
- DEFIBRILLATORS
- ELECTROSURGICAL ELECTRODES
- OTHER THERAPEUTICS
- DIAGNOSTICS MEDICAL ELECTRODES
- MARKET BY PRODUCT
- SURFACE ELECTRODES
- NEEDLE ELECTRODES
- MARKET BY USABILITY
- DISPOSABLE MEDICAL ELECTRODES
- REUSABLE MEDICAL ELECTRODES
- MARKET BY APPLICATION
- CARDIOLOGY
- INTRAOPERATIVE MONITORING (IOM)
- NEUROPHYSIOLOGY
- SLEEP DISORDERS
- OTHER APPLICATIONS
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.