Technavio has been monitoring the global diagnostic electrodes market and it is expected to grow by USD 307.09 million accelerating at a CAGR of about 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
This report provides a detailed analysis of the diagnostic electrodes market by Product (ECG, EMG, EEG, Neonatal and fetal scalp, and Other products) and Geography (North America, Europe, Asia, and ROW), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the diagnostic electrodes market.
Diagnostic Electrodes Market: Segmentation by Product
During 2019, the ECG segment accounted for the major share of the Diagnostic Electrodes Market. Technological advances have led to the development of ECG electrodes with superior design and reduced interference during patient monitoring procedures. faster than the growth of the market in the EMG, EEG, neonatal and fetal scalp, and ENG segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the diagnostic electrodes market size.
Diagnostic Electrodes Market: Segmentation by Geography
North America was the largest Diagnostic Electrodes Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Rising public and private healthcare expenditure, favorable reimbursement policies, increasing incidence of neurological diseases, and rising older population will significantly drive diagnostic electrodes market growth in this region over the forecast period. Market growth in this region will be faster than the growth of the market in Europe.
Diagnostic Electrodes Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., ADInstruments Pty Ltd. and Ambu AS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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