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Global Medical Electrodes Market Is Valued At 943 Million USD In 2017
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Medical electrodes are medical devices that facilitate the transfer energy of ionic currents in the body into electrical currents that can be amplified, studied, and used for diagnosis of the patient’s medical condition. The make of the medical electrode comprises of lead, metal, and electrode conducting plate. These devices are combined with monitoring systems to provide a continuous monitoring of patients suffering from various diseases and disorders.

Medical electrodes are medical devices that facilitate the transfer energy of ionic currents in the body into electrical currents that can be amplified, studied, and used for diagnosis of the patient’s medical condition. The make of the medical electrode comprises of lead, metal, and electrode conducting plate. These devices are combined with monitoring systems to provide a continuous monitoring of patients suffering from various diseases and disorders. The global medical electrodes market is valued at 943 million USD in 2017 and will reach 1198 million USD by the end of 2025, growing at a CAGR of 3% during 2018-2025.

The classification of medical electrodes includes disposable medical electrodes, reusable medical electrodes, and the proportion of disposable medical electrodes in 2017 is about 87% sales share, and the proportion is in increasing trend from 2013 to 2018.

North America is the largest consumption place, with a consumption market share nearly 36% in 2017. Following North America, Europe is the second largest consumption place with the consumption market share of 31%. 

Market competition is intense. 3M, Ambu, Covidien-Medtronic, GE Healthcare, Johnson & Johnson, GSI Technologies, Olympus Corporation, Conmed Corporation, Eschmann Equipment, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers.