![]() ![]() The neurophysiology segment is projected to register a lucrative CAGR during the forecast period. Hence, the aforementioned factors are supporting this market growth during the forecast period. Due to such factors, the diagnostic tests related to CVD such as electrocardiography has also witnessed a considerable growth in the past few years. Moreover, the increasing consumption of nicotine through cigarette smoking is another significant factor propelling CVD cases. Owing to the rise in sedentary lifestyle, and the growing adoption of binge eating habits, there has been a drastic rise in the prevalence of CVD in several regions of the globe. This is highly attributable to the increasing prevalence of cardiovascular diseases across the globe. The cardiology segment is anticipated to dominate the market during the analysis period. Increasing Prevalence of Cardiac Disorders has led to the Dominance of Cardiology Segmentīased on application, this market is classified into neurophysiology, cardiology, and others. ![]() To know how our report can help streamline your business, Speak to Analyst Moreover, the dearth of awareness about the associated technological advancements and benefits of such devices in some under-developed or developing nations may also hamper the expansion of this Market during the forecast period. Stringent Regulatory Guidelines Associated with Medical Electrodes May Restrict Market Growthĭespite the increasing applications of these electrodes, the stringent government regulations associated with the approval of these devices might limit market growth up to a certain extent. Such technological advancements in medical devices have significantly boosted the market growth during the analysis period. Moreover, with the miniaturization of electrodes coupled with the removal of electrode wires, devices are simply mounted on the patient's chest without a bunch of wires attached to it. ECG has been used as the most prominent form of diagnosis for cardiovascular ailments, and testing systems are evolving to meet today’s technology demands. Unlike traditional cardiac holter and event recorders, the novel technology incorporated devices are much cost-efficient and user friendly. Medical electrodes are majorly implemented in the electrocardiogram (ECG) monitoring devices for the diagnosis of cardiac disorders. Technological Advancements in Medical Device such as Electrocardiogram (ECG) will Propel Market Growth Hence, increasing prevalence of chronic diseases across the globe will significantly drive medical electrodes market growth. Also, between 20, 121.5 million American adults had some form of cardiac disorder. in 2016, which is approximately 1 of every 3 deaths. ![]() For instance, as per American Heart Association, cardiac disorders are listed as the underlying cause of death, which accounted for about 840,678 deaths in the U.S. High mortality risk associated with such disorders has increased the rate of frequent medical diagnosis of patients and thereby augmented the compound annual growth rate of the market during the forecast period. The increasing prevalence of neurological and cardiovascular disorders is one of the major factors augmenting the demand for these electrodes. The growing prevalence of chronic ailments will significantly bolster growth during the forecast period. Increasing Prevalence of Chronic Diseases will Significantly Propel Medical Electrodes Market Growth Also, increasing government funds to propel such activities to enhance healthcare efficiencies related to medical devices will further add impetus to the market in the forthcoming years. Moreover, several manufacturers are focusing on R&D activities to attain the desired medical achievements. The associated benefits of electrode miniaturization are to provide higher electrode density, more localized stimulation control, and greater tissue-sensing resolution. Nanotechnology has allowed the miniaturization of these devices and thus making it portable. Increasing usage of electrode through the implementation of nanotechnology is boosting the demand for electrode in several medical applications. Increasing Demand for Miniaturization of Medical Devices has Augmented Electrodes Market Growth Request a Free sample to learn more about this report. ![]()
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