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Lucrative Growth Expected in Asia-Pacific Medical Electrodes Market in Coming Years

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Pramod Kumar
Lucrative Growth Expected in Asia-Pacific Medical Electrodes Market in Coming Years

The global medical electrodes market was valued at $842.9 million in 2020, and it is expected to advance at a CAGR of 6.7% between 2021 and 2025. The market will also generate a revenue of $1,151.6 million by 2025, as per the forecast of P&S Intelligence, a market research company based in India. The factors fueling the growth of the market are the rising incidence of chronic diseases, mushrooming geriatric population, and the rapidly developing healthcare infrastructure across the world.

Additionally, the burgeoning requirement for advanced medical devices including diagnostic instruments and equipment, is also propelling the advancement of the market. Several technologically advanced devices are increasingly being adopted in the healthcare sector for providing better healthcare to patients, improving the quality of patient care, enhancing the performance of medical devices, and increasing their monitoring accuracy. For example, Ambu A/S’ Ambu BlueSensor BR is equipped with a skin-friendly solid gel that provides an excellent signal quality in several applications.

Depending on modality, the market is classified into electroencephalography (EEG) & brainstem auditory evoked potential (BAEP), electrocardiography (ECG), and electromyography. Amongst these, the ECG category held the largest share in the market in 2020, because of the high incidence of cardiovascular diseases such as coronary artery diseases, atherosclerosis, and arrhythmias. ECG is mainly used for measuring the rate and ascertaining the rhythm of the heartbeat and providing an indirect evidence of the blood flow to the heart muscles.

Hence, it can be safely said that the market will expand rapidly in the years to come, primarily due to the growing incidence of chronic diseases, mushrooming population of ageing people, and the surging healthcare expenditure of several countries across the world.

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