 |
| Global Cardiology Electrodes Market Size |
Cardiology electrodes are medical devices used during electrocardiography (ECG)
to detect and record electrical activity of the heart. They aid in the
diagnosis of cardiac abnormalities and heart diseases by transmitting the
electrical pulses from the heart to a machine which records them as an ECG.
Some key advantages of cardiology electrodes include being easy to use,
non-invasive, convenient for continuous monitoring of heart activity, and
painless. Growing prevalence of cardiovascular diseases worldwide has increased
the demand for advanced cardiac diagnostics and monitoring tools like
cardiology electrodes.
The global Cardiology Electrodes Market is estimated to be valued at US$ 155.19 Mn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
One of the major trends driving the growth of the cardiology electrodes market
is increasing adoption of wireless cardiology electrodes. Wireless electrodes
have simplified the clinical workflow by eliminating wires and cables that can
get tangled or broken. They provide improved patient mobility and comfort
during diagnosis and monitoring. Wireless transmission of cardiac signals
enhances accuracy of diagnosis by reducing motion artifacts. Leading
manufacturers are focusing on development of advanced wireless electrodes with
longer battery life and reliable data transfer capabilities. This trend is
expected to significantly boost the demand for cardiology electrodes during the
forecast period.
Segment Analysis
The global cardiology electrodes market is dominated by the defibrillation
electrodes segment. Defibrillation is a life-saving procedure to restore the
normal heart rhythm. Defibrillation electrodes are used to deliver therapeutic
shock in such emergencies. Numerous cardiac arrhythmias can be treated using
external defibrillation, which drives the demand for defibrillation electrodes.
The growing prevalence of cardiovascular diseases and rising need for emergency
care have resulted in the higher adoption of defibrillators, making
defibrillation electrodes the largest segment in the cardiology electrodes
market.
Key Takeaways
Global
Cardiology Electrodes Market Size is expected to witness high growth
over the forecast period of 2024 to 2031. The global Cardiology Electrodes
Market is estimated to be valued at US$
155.19 Mn in 2024 and is expected to
exhibit a CAGR of 6.9% over the
forecast period 2024 to 2031.
Regional
analysis shows that North America currently holds the largest share in the
cardiology electrodes market owing to the rising healthcare expenditure and
growing older population vulnerable to cardiac diseases in the region. However,
Asia Pacific region is expected to emerge as the fastest growing market for
cardiology electrodes during the forecast period due to improving access to
healthcare and increasing expenditures on cardiovascular devices in developing
countries such as China and India.
Key players operating in the cardiology electrodes market are Nidec
Corporation, AMETEK Inc., ABB Ltd., Hitachi Ltd., Regal Rexnord Corporation,
Robert Bosch GmbH, Johnson Electric Holdings Limited, Weg SA, Siemens AG,
Toshiba Corp., Rockwell Automation Inc., and TECO-Westinghouse Motor Company.
The major players are focusing on new product launches and geographical
expansions to strengthen their market position and capture higher market share.
For instance, in 2022, Nidec Corporation launched its new permanent magnet
synchronous motors and servo systems to expand its motor business globally. The
increasing R&D investments by key players to develop technologically
advanced and high-quality products are expected to boost the growth of the
cardiology electrodes market during the forecast period.
Get More Insights On This Topic: https://www.ukwebwire.com/cardiology-electrodes-market-demand-and-overview/
Explore More Related Article: https://www.writerscafe.org/gauricmi/blogs/Crafting-Success%3A-Navigating-the-Evolving-Landscape-of-the-India-Alcohol-Market--/215404/