Cardiac electrodes (small plastic plates that stick to the skin) are placed at specific locations on the chest, arms, and legs. The electrodes are wired to an electrocardiograph to measure, interpret and print the electrical activity of the heart. It is then used to diagnose cardiovascular events such as heart attack, heart failure, endocarditis, arrhythmia, etc. These electrodes detect the tiny electrical changes resulting from myocardial repolarization following depolarization of the heart muscle during each cardiac cycle.
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Cardiac electrodes are used in conjunction with monitoring systems for the diagnosis and continuous monitoring of patients with cardiovascular disease. Therefore, with the increasing prevalence of cardiovascular diseases, the global demand for cardiac electrodes is also growing rapidly.
The key players in the global cardiac electrode market are VectraCor Inc., Ambu A/S, Medico Electrodes International Ltd., ADInstruments Pty Ltd., Asahi Kasei Corporation, 3M, Nikomed USA Inc., Cardinal Health, CONMED Corporation, Generic Electric Co. ., DCC Plc., Leonhard Lang USA, Inc., Bio-Protech Inc., Nissha Co. Ltd., Koninklijke Philips NV и Diagramm Halbach GmbH & Co. Ltd., Koninklijke Philips NV and Diagramm Halbach GmbH & Co. KG and others.
The increase in the prevalence of cardiovascular disease worldwide is expected to drive the growth of the cardiac electrode market during the forecast period. For example, according to the World Health Organization (WHO), cardiovascular disease (CVD) is the leading cause of death worldwide, with about 17.9 million people dying from cardiovascular disease in 2019.
In addition, the growing demand for disposable electrodes, expansion of research and development activities, advances in cardiology electrodes, and increased awareness of the benefits associated with the use of cardiology electrodes are some of the factors that are expected to drive the growth of the market. electrodes for cardiology. For example, in September 2021, Bittium expanded its portfolio of new generation ECG electrodes by introducing new electrodes. The new Bittium OmegaSnap overlay electrodes are designed with a particular focus on usability, allowing continuous ECG measurements for 7 days in a patient-friendly manner without the need to change the electrode. Being disposable, they can be safely measured in a very hygienic way, especially during epidemics.
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The COVID-19 outbreak has had a major impact on the entire healthcare supply chain. However, worldwide demand for cardiac electrodes is expected to increase during the pandemic. This is due to increased demand for diagnostic tools such as ECG electrodes to diagnose and treat heart disease in COVID-19 patients. People with heart disease are at higher risk of severe COVID-19 (coronavirus). This, in turn, is expected to have a positive impact on market growth.
The cardiac electrode market is expected to register a CAGR of 4.5% during the forecast period due to the increasing development/introduction of new electrodes. For example, in June 2020, NTT Research announced that its Laboratory for Health and Medical Informatics (MEI) had entered into a collaborative research agreement with the Technical University of Munich (TUM) to develop deformable and implantable 3D electrodes.
Among the regions, the market for cardiac electrodes in North America, Europe, and Asia Pacific is expected to be strong due to the high incidence of cardiovascular disease, growing demand for disposable electrodes, increased awareness, introduction of new electrodes, and frequent approvals. growth and launch in these regions. For example, according to the Centers for Disease Control and Prevention (CDC), one person dies of cardiovascular disease every 36 seconds in the United States. About 659,000 Americans die each year from heart disease, or 1 in 4 deaths.
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Post time: Oct-31-2022