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A Comprehensive Study of Industry Dynamics and Emerging Trends in the Medical Electrodes Market, 2022–2031
Allied Market Research released a report on the medical electrodes market, which includes industry insights, regional analysis, and a competitive landscape of the domain. The global sector accounted for $1.7 billion in 2021, and is anticipated to reach $2.4 billion by 2031, growing at a CAGR of 3.6% from 2022 to 2031.
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Key questions and answers
- What is the leading application segment of this industry?
- What are the major drivers of growth in this domain?
- What is the projected size of the sector?
- Which are the top companies to hold the market share in medical electrodes?
Factors driving industry growth
With rise in elderly population, the need for healthcare services and medical devices, including medical electrodes, is increasing. Moreover, older people are at greater risk of long-term diseases that require regular treatment and care. Therefore, the utilization of diagnostic tests, such as electrocardiography and electroencephalography, boosts the demand for electrodes used in these procedures.
The growing healthcare sector in developing regions further fosters the growth of the industry. In addition, both the public and private healthcare sectors are investing in upgrading and building healthcare facilities, including diagnostic centers, hospitals, and clinics. This expansion is driving demand for medical equipment, including medical electrodes, as these facilities require an efficient and reliable supply for different procedures.
Innovations in the sector
Furthermore, this industry is experiencing growth, driven by technological advancements and increase in demand for minimally invasive procedures in medical devices. Innovations in medical technology, including wearable sensors, advanced imaging systems, and implantable devices, are boosting the demand for these electrodes. Medical electrodes play a vital role in these technologies by transmitting electrical signals between the body and medical devices, allowing proper health monitoring and effective treatment. With the advancement and adoption of medical technologies, the demand for these electrodes is projected to increase in the coming years.
Key industry players
- CooperSurgical, Inc.
- Natus Medical Incorporated
- Koninklijke Philips N.V.
- Cognionics Inc.
- CONMED Corporation
- Dymedix
- BD
- 3M Company
- Ambu A/S
- Medtronic
Recent developments
In May 2025, Koninklijke Philips, a global leader in health technology, partnered with Evidia to install Philips’ advanced helium-free BlueSeal MRI and CT 5300 systems at Aleris Elisabeth Hospital, making it the first private clinic in Sweden with this cutting edge, eco-friendly MRI technology.
In November 2024, Nihon Kohden, a Japanese medical device company, acquired a majority stake in NeuroAdvanced Corp., the parent company of Ad-Tech Medical Instrument Corporation. The goal of this move is to boost Nihon Kohden’s efforts to treat serious neurological problems that do not improve with medication.
To sum up
The AMR report provides a detailed study of the industry, including regional analysis and a competitive landscape. This report also offers an in-depth analysis of the industry, which includes growth drivers, challenges, technological advancements, and opportunities. It also highlights the emerging trends of this sector, which support industry leaders and stakeholders to make informed decisions for future growth.
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