Cardiology Electrodes Market to record USD 110.16 Mn incremental growth -- Driven by increasing prevalence of CVDs

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Sep 22, 2022, 02:30 ET

NEW YORK, Sept. 22, 2022 /PRNewswire/ -- The "Cardiology Electrodes Market by Product and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 110.16 million, accelerating at a CAGR of 4.9% between 2021 and 2026. To estimate the size of the market, Technavio considers patient population, the incidence rate of the disease, prevalence rate of the disease, revenue generated by vendors, current healthcare expenditure, and others. Understand the scope of the full report on the global cardiology electrodes market. Download PDF Report Sample

Technavio has announced its latest market research report titled Global Cardiology Electrodes Market 2022-2026

The market is driven by the increasing prevalence of CVDs. In addition, the increasing demand for disposable electrodes and technological advances will positively influence the growth of the market during the forecast period.

Vendor Landscape:

The global cardiology electrodes market is fragmented due to the presence of several vendors. The prominent vendors in the market have a strong geographical presence and offer a comprehensive range of products. These vendors mainly focus on the development of technologically advanced products. Some vendors in the market are focusing on incorporating growth strategies such as acquisitions and joint ventures to expand their presence and strengthen their customer base.

Cardiology Electrodes Market: Segmentation by Product

By product, the market is segmented by resting ECG electrodes, short-term monitoring ECG electrodes, long-term monitoring ECG electrodes, stress test ECG electrodes, and neonatal ECG electrodes.
The market growth in the resting ECG electrodes segment will be significant during the forecast period. The segment is driven by increasing focus on early diagnosis and disease prevention, the presence of several vendors offering resting ECG electrodes at competitive prices, and the rising number of resting ECG procedures being performed.

Cardiology Electrodes Market: Segmentation by Geography

42% of the growth will originate from the North American region.
The growth of the regional market is driven by the presence of established medical facilities and the increasing healthcare spending by individuals. In addition, the strong presence of established vendors, the increasing number of ECG procedures, and the increasing prevalence of CVDs and their associated risk factors are contributing to the growth of the cardiology electrodes market size in North America.

Quick Notes:

The cardiology electrodes market size is expected to accelerate at a CAGR of 4.9% during the forecast period.
The cardiology electrodes market is segmented by product (Resting ECG electrodes, Short-term monitoring ECG electrodes, Long-term monitoring ECG electrodes, Stress test ECG electrodes, and Neonatal ECG electrodes) and Geography (North America, Europe, Asia, and Rest of World (ROW)).
The market is fragmented due to the presence of many established vendors holding significant market share.
The research report offers information on several market vendors, including 3M Co., ADInstruments Pty Ltd., Ambu AS, Asahi Kasei Corp., Bio Protech Inc., BioTekna Srl, Bittium Corp., BPL Medical Technologies Pvt. Ltd., Cardinal Health Inc., Conmed Corp., Diagramm Halbach GmbH and Co. KG, General Electric Co., Koninklijke Philips NV, Leonhard Lang GmbH, LUMED Srl, Medico Electrodes International Ltd., Nihon Kohden Corp, Nikomed USA Inc., Nissha Co. Ltd., Qingdao Bright Medical Manufacturing Co. Ltd., and Thought Technology Ltd.

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Cardiology Electrodes Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.9%
Market growth 2022-2026	USD 110.16 million
Market structure	Fragmented
YoY growth (%)	4.3
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 42%
Key consumer countries	US, Canada, Germany, UK, and France
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	3M Co., ADInstruments Pty Ltd., Ambu AS, Asahi Kasei Corp., Bio Protech Inc., BioTekna Srl, Bittium Corp., BPL Medical Technologies Pvt. Ltd., Cardinal Health Inc., Conmed Corp., Diagramm Halbach GmbH and Co. KG, General Electric Co., Koninklijke Philips NV, Leonhard Lang GmbH, LUMED Srl, Medico Electrodes International Ltd., Nihon Kohden Corp, Nikomed USA Inc., Nissha Co. Ltd., Qingdao Bright Medical Manufacturing Co. Ltd., and Thought Technology Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 24: Chart on Product - Market share 2021-2026 (%)
Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 26: Chart on Comparison by Product
Exhibit 27: Data Table on Comparison by Product

5.3 Resting ECG electrodes - Market size and forecast 2021-2026

Exhibit 28: Chart on Resting ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Resting ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Resting ECG electrodes - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Resting ECG electrodes - Year-over-year growth 2021-2026 (%)

5.4 Short-term monitoring ECG electrodes - Market size and forecast 2021-2026

Exhibit 32: Chart on Short-term monitoring ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Short-term monitoring ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Short-term monitoring ECG electrodes - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Short-term monitoring ECG electrodes - Year-over-year growth 2021-2026 (%)

5.5 Long-term monitoring ECG electrodes - Market size and forecast 2021-2026

Exhibit 36: Chart on Long-term monitoring ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Long-term monitoring ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Long-term monitoring ECG electrodes - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Long-term monitoring ECG electrodes - Year-over-year growth 2021-2026 (%)

5.6 Stress test ECG electrodes - Market size and forecast 2021-2026

Exhibit 40: Chart on Stress test ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Stress test ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Stress test ECG electrodes - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Stress test ECG electrodes - Year-over-year growth 2021-2026 (%)

5.7 Neonatal ECG electrodes - Market size and forecast 2021-2026

Exhibit 44: Chart on Neonatal ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on Neonatal ECG electrodes - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on Neonatal ECG electrodes - Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on Neonatal ECG electrodes - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Product

Exhibit 48: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 50: Chart on Market share by geography 2021-2026 (%)
Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 52: Chart on Geographic comparison
Exhibit 53: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 Asia - Market size and forecast 2021-2026

Exhibit 62: Chart on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Asia - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Asia - Year-over-year growth 2021-2026 (%)

7.6 Rest of World (ROW) - Market size and forecast 2021-2026

Exhibit 66: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

7.7 US - Market size and forecast 2021-2026

Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.8 Germany - Market size and forecast 2021-2026

Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.9 UK - Market size and forecast 2021-2026

Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.10 France - Market size and forecast 2021-2026

Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

7.11 Canada - Market size and forecast 2021-2026

Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.12 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 3M Co.

Exhibit 97: 3M Co. - Overview
Exhibit 98: 3M Co. - Business segments
Exhibit 99: 3M Co. - Key news
Exhibit 100: 3M Co. - Key offerings
Exhibit 101: 3M Co. - Segment focus

10.4 Ambu AS

Exhibit 102: Ambu AS - Overview
Exhibit 103: Ambu AS - Business segments
Exhibit 104: Ambu AS - Key offerings
Exhibit 105: Ambu AS - Segment focus

10.5 Bio Protech Inc.

Exhibit 106: Bio Protech Inc. - Overview
Exhibit 107: Bio Protech Inc. - Product / Service
Exhibit 108: Bio Protech Inc. - Key offerings

10.6 Cardinal Health Inc.

Exhibit 109: Cardinal Health Inc. - Overview
Exhibit 110: Cardinal Health Inc. - Business segments
Exhibit 111: Cardinal Health Inc. - Key news
Exhibit 112: Cardinal Health Inc. - Key offerings
Exhibit 113: Cardinal Health Inc. - Segment focus

10.7 Conmed Corp.

Exhibit 114: Conmed Corp. - Overview
Exhibit 115: Conmed Corp. - Business segments
Exhibit 116: Conmed Corp. - Key offerings
Exhibit 117: Conmed Corp. - Segment focus

10.8 General Electric Co.

Exhibit 118: General Electric Co. - Overview
Exhibit 119: General Electric Co. - Business segments
Exhibit 120: General Electric Co. - Key news
Exhibit 121: General Electric Co. - Key offerings
Exhibit 122: General Electric Co. - Segment focus

10.9 Koninklijke Philips NV

Exhibit 123: Koninklijke Philips NV - Overview
Exhibit 124: Koninklijke Philips NV - Business segments
Exhibit 125: Koninklijke Philips NV - Key news
Exhibit 126: Koninklijke Philips NV - Key offerings
Exhibit 127: Koninklijke Philips NV - Segment focus

10.10 LUMED Srl

Exhibit 128: LUMED Srl - Overview
Exhibit 129: LUMED Srl - Product / Service
Exhibit 130: LUMED Srl - Key offerings

10.11 Medico Electrodes International Ltd.

Exhibit 131: Medico Electrodes International Ltd. - Overview
Exhibit 132: Medico Electrodes International Ltd. - Product / Service
Exhibit 133: Medico Electrodes International Ltd. - Key offerings

10.12 Nissha Co. Ltd.

Exhibit 134: Nissha Co. Ltd. - Overview
Exhibit 135: Nissha Co. Ltd. - Business segments
Exhibit 136: Nissha Co. Ltd. - Key offerings
Exhibit 137: Nissha Co. Ltd. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 138: Inclusions checklist
Exhibit 139: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 140: Currency conversion rates for US$

11.4 Research methodology

Exhibit 141: Research methodology
Exhibit 142: Validation techniques employed for market sizing
Exhibit 143: Information sources

11.5 List of abbreviations

Exhibit 144: List of abbreviations

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