Global Diagnostic Electrodes Market 2017-2021

The global diagnostic electrodes market to grow at a CAGR of 12.39% during the period 2017-2021.

Global Diagnostic Electrodes Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Development of dry electrodes. The majority of the available CVD diagnostic devices make use of wet gel electrodes for patient monitoring. The gel improves device contact with the skin and helps generate quality signal recording. However, drying of the gel can cause signal disruption/degradation and skin irritation. The drying of gel during the diagnosis process can lead to further complications. Hence, the use of wet gel electrodes is declining in the market because medical professionals do not prefer it.

According to the report, one of the major drivers for this market is Preference for disposable electrodes. Disposable electrodes are preferred over conventional reusable electrodes by the physicians to minimize hospital-acquired infections. There are risks such as cross contamination associated with the use of reusable electrodes. Cross contamination results in hospital-acquired infections in patients, due to which there is a growing preference towards the use of disposable electrodes. According to CDC, in the US about 4% of the population or 1.7 million individuals acquire these hospital-acquired infections annually. About 99,000 people die in the country due to hospital-acquired infections annually.

Further, the report states that one of the major factors hindering the growth of this market is Pricing pressure. Competition in the market is intense due to the presence of well-established vendors and some Tier-2/Tier-3 companies offering similar products. Due to numerous vendors, there is a pricing war in the market among vendors. Local vendors worldwide, mainly in China, offer low-cost devices for therapeutic procedures. Global vendors are reducing the average selling price of their neurophysiology electrodes to maintain their market shares. This is expected to have a negative impact on the market growth.

Key vendors

Other prominent vendors

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Market segmentation by end-user

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/nxbvmq/global_diagnostic

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