Global Cardiology Electrodes Market 2016-2020
About the Cardiology Electrodes Market
Cardiology electrodes, composed of metal, lead, plastic, or cloth and electrode conducting gel, help convert ionic energy to electric current in the body and amplify the electric current for the diagnosis and treatment of diseases. These electrodes also help record the heart's electrical activity by placing them on the skin of the upper torso during ECG. This procedure helps diagnose cardiovascular diseases such as pulmonary embolism, cardiac murmurs, myocardial infarction, and cardiac dysrhythmias.
Technavio’s analysts forecast the global cardiology electrodes market to grow at a CAGR of 2.61% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cardiology electrodes market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of:
Technavio Announces the Publication of its Research Report – Global Cardiology Electrodes Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Cardiology Electrodes Market: 3M Co., Ambu A/S, ConMed Corp., Leonhard Lang GmbH, and Medtronic plc.
Other Prominent Vendors in the market are: ADInstruments, Bio-Protech, Bio-Lead-Lok-B, Cardinal Health, Diagramm Halbach, GE Healthcare (a subsidiary of GE), Medtel, Medico Electrodes International, NIKOMED USA, Philips Healthcare, Qingdao Bright, Romsons Scientific & Surgical, VacuMed, VERMED, and Thought Technology.
Commenting on the report, an analyst from Technavio’s team said: “Vendors are investing in R&D to develop and launch innovative cardiology electrodes, with dry electrodes being one of these innovations. Dry electrodes offer ten fold more skin-electrode impedance than wet gel electrodes, making them capable of directly recording strong biopotentials such as in ECG. Vendors are also focusing on launching these advanced technologies in emerging economies such as Brazil, India, and China, as these countries present significant growth opportunities for companies to expand.”
According to the report, the rising prevalence of cardiovascular diseases increases the need for associated diagnostic devices such as ECG systems. Cardiology electrodes are an integral component of these devices. A rise in the volume of cardiovascular disease diagnostics will increase the demand and development of cardiology electrodes.
Further, the report states that competition in the market is intense due to the presence of a few well-established vendors and many new and small companies that offer similar products. This has led to price wars among vendors.
3M Co., Ambu A/S, ConMed Corp., Leonhard Lang GmbH, Medtronic plc, ADInstruments, Bio-Protech, Bio-Lead-Lok-B, Cardinal Health, Diagramm Halbach, GE Healthcare (a subsidiary of GE), Medtel, Medico Electrodes International, NIKOMED USA, Philips Healthcare, Qingdao Bright, Romsons Scientific & Surgical, VacuMed, VERMED, Thought Technology.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook