Technavio Announces the Publication of its Research Report Global Diagnostic Electrodes Market 2017-2021
Technavio recognizes the following companies as the key players in the global diagnostic electrodes market: 3M, Ambu, and Medtronic.Other Prominent Vendors in the market are: BD, Graphic Controls, Leonhard Lang, Natus Medical, QRS Diagnostic, and Rocket Medical.Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is Development of dry electrodes. The majority of the available CVD diagnostic devices make use of wet gel electrodes for patient monitoring.
The gel improves device contact with the skin and helps generate quality signal recording. However, drying of the gel can cause signal disruption/degradation and skin irritation.
The drying of gel during the diagnosis process can lead to further complications. Hence, the use of wet gel electrodes is declining in the market because medical professionals do not prefer it.
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According to the report, one of the major drivers for this market is Preference for disposable electrodes. Disposable electrodes are preferred over conventional reusable electrodes by the physicians to minimize hospital-acquired infections.
There are risks such as cross contamination associated with the use of reusable electrodes. Cross contamination results in hospital-acquired infections in patients, due to which there is a growing preference towards the use of disposable electrodes.
According to CDC, in the US about 4% of the population or 1.7 million individuals acquire these hospital-acquired infections annually. About 99,000 people die in the country due to hospital-acquired infections annually.Further, the report states that one of the major factors hindering the growth of this market is Pricing pressure.
Competition in the market is intense due to the presence of well-established vendors and some Tier-2/Tier-3 companies offering similar products. Due to numerous vendors, there is a pricing war in the market among vendors.
Local vendors worldwide, mainly in China, offer low-cost devices for therapeutic procedures. Global vendors are reducing the average selling price of their neurophysiology electrodes to maintain their market shares.
This is expected to have a negative impact on the market growth.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Diagnostic ElectrodesElectrodes are electrical conductors that can pass 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.
Electrodes are electrochemical cells that are either called anode or cathode. In an anode, the electron leaves the cell and oxidation occurs.
In a cathode, the electrons enter the cell and reduction occurs. In healthcare, electrodes assist in the diagnosis and treatment of several chronic diseases.Technavios analysts forecast the global diagnostic electrodes market to grow at a CAGR of 12.39% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global diagnostic electrodes market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global Diagnostic Electrodes Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Know more about report at marketreportscenter.com/reports/55…-market-2017-2021
MedtronicOther prominent vendors
Rocket MedicalMarket driver
Preference for disposable electrodes
For a full, detailed list, view our report Market challenge
For a full, detailed list, view our report Market trend
Development of dry electrodes
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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