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Rise in CVDs to Boost the Global Medical Electrodes Market | TechnavioThe global medical electrodes market is expected to grow at a CAGR of more than 8% during the period 2017-2021, according to a new market research study by Technavio. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171201005245/en/ 
Technavio has published a new market research report on the global medical electrodes market from 2017-2021. (Photo: Business Wire) The report categorizes the global medical electrodes market by application, including diagnostic electrodes and therapeutic electrodes. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Market driver: increasing awareness about CVDs Awareness about CVDs and their prevention is increasing among people. This is due to the increasing number of awareness programs conducted by public and private organizations and vendors. Many public and private organizations in the Americas, Europe, and APAC are taking initiatives to spread awareness about CVDs. Such initiatives by government and non-governmental organizations are increasing awareness about the early diagnosis of CVDs, which is expected to drive the growth of the global medical electrodes market during the forecast period. Looking fo more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Market trend: increasing demand for disposable electrodes Cross-contamination and infections are the primary concerns of reusable medical electrodes. Reusable electrodes increase the risk of hospital-acquired infections (HAIs). Hence, the market is witnessing a paradigm shift toward disposable electrodes due to their benefits such as reduction in time required for sterilization and the probability of cross-contamination. According to Ramakrishna Edupulapati, a lead research analyst at Technavio for patient monitoring devices, "The use of disposable electrodes reduces the risk of adverse allergic reactions caused by chemical elements of the gels used and reduces skin preparation time during emergencies. They are cost effective and flexible as disposable electrodes can be used for around a week or more before disposal. The increasing adoption of disposable medical electrodes is expected to drive the growth of the global medical electrodes market." Market challenge: pricing pressures The global medical electrodes market is witnessing intense competition due to the presence of several global and regional vendors. Vendors are reducing the cost of their products to increase their market shares and survive the competition. In addition, the price variations of insulating materials such as polymers, metals, and petrol byproducts affect the cost of raw materials. Global economic fluctuations also have a negative impact on the pricing of raw materials. Is your business on track for a successful future? Learn how Technavio can help Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions. Key vendors in the market The global medical electrodes market is fragmented due to the presence of several global and regional vendors. Vendors are exploring various technological innovations to develop medical electrodes to improve comfort and electrode-tissue interface for better recording and stimulation. They are also partnering with e-commerce websites to supply and market their diagnostic electrodes. Get a sample copy of the global medical electrodes market free of cost Access Technavio's continuously growing patient monitoring devices research library and find expert analysis on hundreds of markets. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20171201005245/en/ |
