Top Companies in Medical Electrodes Market | Top Companies Statistics, Growth Analysis, Size, Share by Vantage Market Research
The focus on healthcare has increased substantially over the past few years and this trend is expected to drive demand for Medical Electrodes through 2028.
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Market Overview:
The Global Medical Electrodes Market is valued at USD 1,629.5 Million in the year 2021 and is projected to reach a value of USD 1,979.9 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 3.3% over the forecast period. A Medical Electrode is a small metal plate or needle that transmits electricity from an instrument to a patient for treatment or surgery. Electrodes also transfer electrical impulses from muscles, brain, heart, skin, and other body areas to recording equipment, which can aid in the diagnosis of certain disorders. Electrocardiography (ECG) electrodes, fetal scalp electrodes, electroencephalography electrodes, transcutaneous electrical nerve stimulation TENS electrodes, and pacemaker electrodes are all examples of electrodes used in the medical industry.
COVID-19 has had a global influence on the medical device industry, notably the market for Medical Electrodes, causing substantial disruptions to enterprises and economic activity around the world. Owing to a decline in the volume of diagnostic, elective, & non-essential procedures; lower utilization of routine testing; reduced capital spending by customers; and a decrease in research activity because of laboratory closures & reduced clinical testing, the market saw an overall reduction in the Medical Electrode industry. Many countries have started to rebuild their economies, but it will take time for medical care utilization rates to return to pre-pandemic levels. In addition, any increase in COVID-19 infections could result in further lockdowns, quarantine measures, or other limitations to slow COVID-19's spread, which could restrict the Medical Electrode market growth.
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Some of the key players operating in the Medical Electrodes Market are listed below:
|
Company Name |
Revenue in the US |
|
$1 Billion |
|
$35 Billion |
|
$19 Billion |
|
$31 Billion |
|
$463 Million |
|
$611 Million |
|
$20 Billion |
|
<$5 Million |
|
$2 Billion |
|
<$5 Million |
CONMED Corporation Headquarters is located in Utica, New York, United States. CONMED Corporation was founded in the year 1970. The total number of Employees is 3,800. CONMED Corporation provides orthopedic products. The Company specializes in arthroscopy and powered surgical instruments, electrosurgery systems, and ECG electrodes for heart monitoring. CONMED serves customers worldwide.
3M Headquarters is located in Saint Paul, Minnesota, United States. 3M was founded on 13 June 1902. 3M Company conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company’s businesses share technologies, manufacturing operations, marketing channels, and other resources. 3M serves customers worldwide.
Koninklijke Philips NV Headquarters is located in Amsterdam, Netherlands. Koninklijke Philips NV founded in 15 May 1891. Koninklijke Philips NV is a health technology company focused on improving people's health across the health continuum from healthy living and prevention, to diagnosis, treatment, and home care. The Company offers products and services in diagnostic imaging, image-guided therapy, patient monitoring, and health informatics, as well as in consumer health and home care.
Medtronic, Inc. Headquarters is located in Dublin, Ireland. The Company was founded in the year 1949. Medtronic, Inc. provides medical devices. The Company offers a wide range of surgical devices, medical instruments, apparatus, respiratory monitoring systems, medical supplies, and other equipment. Medtronic serves patients and health care professionals worldwide.
Natus Medical headquarters San Carlos, California, United States. Natus Medical was founded in the year 1987. Natus Medical Incorporated operates as a medical device company that develops, manufactures, and markets screening products. The Company's products identify and monitor common medical disorders that may occur between conceptions to a baby's first birthday. Natus is selling its ALGO products for newborn hearing, and screening, as well as its CO-Stat products for the evaluation of jaundice.
Ambu A/S headquarters is located in Ballerup, Denmark. Ambu A/S was found in the year 1956. Ambu A/S develops, produces, and markets life-saving equipment. The Company provides professional diagnostic, life-supporting, and training equipment. Ambu's products are used for respiratory support and cardiopulmonary resuscitation, immobilization, and protection against infections. The Company sells to hospitals, rescuers, armed forces, and other industries worldwide.
Headquarters are located in Franklin Lakes, New Jersey, and the United States. Becton Dickinson and Co was founded in the year 1897. Total number of employees working with the company are closed to 75,000. Becton Dickinson and Company is a global medical technology company engaged principally in the development, manufacture, and sale of medical devices, instrument systems, and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry, and the general public.
Cognionics, Inc.’s headquarters is located in San Diego, CA, United States. Cognionics, Inc. was founded in the year 2010. Cognionics is a leader in designing dry and mobile wireless EEG Headsets and Electrodes. The company's line of business also includes the manufacturing of electromedical and electrotherapeutic apparatus.
Cooper Cos Inc. Headquarters is located in Pleasanton, California, United States. Cooper Cos Inc was founded in the year 1958. The Cooper Companies, Inc. through its subsidiaries, develops, manufactures, and markets specialty healthcare products. The Company's products include contact lenses for the vision care market and diagnostic products, surgical instruments, and accessories for gynecologists and obstetricians.
Dymedix Diagnostics, founded in the year 1998 and headquartered in Shoreview, MN, US is a manufacturing company of diagnostic sensors. It develops airflow, surface electrodes, door sensors, and respiratory effort belts and caters to its clientele globally.
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