Global Therapeutic Electrodes Market 2017-2021
About Therapeutic Electrodes
Electrodes are electrical conductors that are capable of passing energy signals from a power source to a device or a material. Electrodes are made from metals such as zinc, manganese oxide, copper, silver, cadmium, nickel, and others. An electrode is used for the introduction of medicines through the skin by ionization. Therapeutic electrodes can be used either to aid the functioning of an organ or as a pain-relieving device. These electrodes can be implantable or non-implantable.
Technavio’s analysts forecast the global therapeutic electrodes market to grow at a CAGR of 11.96% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global therapeutic electrodes market for 2017-2021. To calculate the market size, the report considers sales, value and replacement of therapeutic electrodes market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Therapeutic Electrodes Market 2017-2021
Technavio recognizes the following companies as the key players in the global therapeutic electrodes market: Medtronic, Ambu, and 3M.
Other Prominent Vendors in the market are: Adhex Technologies, Allied Medical, Beurer, Bound Tree Medical, Graphic Controls, Heart Sync, MAQUET, Richmar, Rothacher Medical, RS Medical, Technomed Electronics, and TENS Units.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is focus on emerging countries. The markets in developed economies such as the US, Europe, and Japan are becoming saturated. Emerging countries such as India, China, and other South Asian countries present significant opportunities for vendors to expand geographically.”
According to the report, one driver in the market is preference for disposable electrodes. Physicians prefer disposable electrodes over traditional reusable electrodes. Reusable electrodes present the risk of cross-contamination, which results in hospital-acquired infections or nosocomial infections. The CDC estimated that about 4% of the population or 1.7 million individuals in the US are affected by hospital-acquired infections every year. These infections cause the deaths of about 99,000 people each year in the country.
Further, the report states that one challenge in the market is complications associated with therapeutic electrodes. Most companies use biocompatible materials to develop neurophysiology and cardiology electrodes. However, certain components of these electrodes can cause allergic reactions in some patients. Many people have reported allergic reactions to the gel and medical adhesives used in electrodes. For instance, Ambu received an average of five complaints for 100 million units of electrodes sold.
Medtronic, Ambu, and 3M. Other Prominent Vendors in the market are: Adhex Technologies, Allied Medical, Beurer, Bound Tree Medical, Graphic Controls, Heart Sync, MAQUET, Richmar, Rothacher Medical, RS Medical, Technomed Electronics, and TENS Units.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook