ECG electrode market expected to reach USD 5.2 billion by 2025 at CAGR of 5.4%
May, 2019 | Source: Profshare Market Research
An ECG electrode a medical device use in Electrocardiogram (ECG) to evaluate and diagnose possible cardiac problems. Every ECG electrode placed on body is attached to an ECG machine by wire.Electricity detected by an electrode is transmitted wire to the machine, which translates the results into wavy lines that the machine then records on a piece of paper. The ECG records show every detail related to heart condition. An ECG electrode is usually consist of a small metal plate surrounded by an adhesive pad, coated with conducting gel to transmit the electrical signal.
The global ECG electrode market expected to reach USD 5.2 billion by 2025 at CAGR of 5.4%. Demand for ECG electrodes market has increased significantly due to increase in smokers, hypertension and other cardiovascular diseases across the globe.Growth of global ECG electrodes market depends on improvisation in performance and accuracy in monitoring and detection of heart condition
Segmentation by application ECG electrodes market
• Long-term monitoring ECG • Neonatal ECG • Stress test ECG • Resting ECG • Short-term monitoring EGG
The stress test ECG segment dominates the ECG electrodes market and is expected to generate revenues of over USD 129 million by the end of 2020. The stress test is used to diagnose a patient’s heart function under physically stressful conditions.
Geographical segmentation ECG electrodes market
• Americas • APAC • EMEA
USA will remain leader in ECG electrodes market with over 40 % of market share by 2020.Use of ECG electrodes has been significantly increde in USA due to high number of cardiovascular disease and increase in population.
Key vendors of ECG electrodes market
The global ECG electrodes market is highly consolidated with branded companies. Major vendors are using competitive pricing strategy to increase market share hence revenue. Major manufacturers of ECG electrodes market has been constantly advancing accuracy and performance of ECG electrodes to increase sell.
Key vendors in the market are -
• Medtronic • Leonhard Lang • 3M • Medtel • Ambu A/S • ConMed
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