Global IntraoperativeMonitoring Electrodes Market, By Procedure (Electrocardiography (ECG),Electroencephalography (EEG), Electromyography (EMG), and Others), By Usability(Disposable Electrode and Reusable Electrode), By Type of Electrode (WetElectrode, Dry Electrode, and Needle Electrode), By End User (Hospital,Ambulatory Surgical Centers, and Specialty Centers), and By Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa), isestimated to be valued at US$ 469.3 million in 2020 and is expected to exhibita CAGR of 7.1% during the forecast period (2020-2027), as highlighted in a newreport published by Coherent Market Insights.
The growing demand for innovationin existing ECG electrodes for diagnosis of atrial fibrillation is expected todrive the market growth during the forecast period.
For instance, in November 2017,Hill-Rome Holdings, Inc., a subsidiary Welch Allyn, launched Connex Cardio ECG,a PC-based resting electrocardiograph (ECG) developed to support cliniciandecision-making regarding heart diseases and also simplify clinical workflows.
In June 2019, DIXI Medical andAleva Neurotherapeutics, a spin-off of the Swiss Federal Institute ofTechnology (EPFL) Microsystems Laboratory, co-founded Adept Neuro SA, a JointVenture dedicated to developing a new generation ofstereo-electro-encephalo-graphie (SEEG) electrodes which will facilitatelocalization and thermocoagulation of epileptogenic zones.
Global Intraoperative Monitoringelectrodes Market – Impact of Coronavirus (COVID-19) Pandemic
The increasing patient populationsuffering from COVID-19 has led various research institutes and key players toshift their focus on research and development of novel solutions to combat thedisease spread.
For instance, in April 2020, theUniversity Hospital of Ferrara commenced a clinical trial forElectrocardiographic (ECG) evaluation of patients with severe acute respiratorysyndrome coronavirus 2 (SARS-Cov-2) infection. It is a diagnostics evolutionstudy which is expected to complete by December 2021.
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Moreover, in April 2020, GEHealthcare published a research article about Cardiac Complications ofCOVID-19: Signs to watch for on the ECG. Data from Wuhan, China indicated thatarrhythmia and acute cardiac injury could be among the most prevalent heartcomplications in confirmed-positive cases. A February 2020 case report in theJournal of the American Medical Association (JAMA) identified thosecomplications in 16.7% and 7.2% of hospitalized patients, respectively. WhileECG presentations vary, (TCTMD, the most comprehensive online resource ininterventional cardiology) has reported that cardiologists should be aware ofany symptoms indicative of impending cardiac events, especially in tandem withother clinical indicators such as elevated troponin or lab work that couldsuggest acute inflammatory response, including high levels of C-reactive protein,interleukin-6, CD4, and CD8.
Browse 289 Market Data Tables and35 Figures spread through 485 Pages and in-depth TOC on “IntraoperativeMonitoring Electrodes Market”- Global Forecast to 2027, By Procedure(Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG),and Others), By Usability (Disposable Electrode, and Reusable Electrode), ByType of Electrode (Wet Electrode, Dry Electrode, and Needle Electrode), By EndUser (Hospital, Ambulatory Surgical Centers, and Specialty Centers) and ByRegion (North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica),
Key players operating in themarket are focusing on obtaining product approvals which is expected to drivethe market growth during the forecast period. For instance, in July 2019,Rhythmlink International LLC, announced that the U.S. Food and DrugAdministration (FDA) approved the PressOn Electrode Headset under the Section510(k) premarket notification. PressOn is used for neurological diseasesmonitoring.
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Key Takeaways of the GlobalIntraoperative Monitoring Electrodes Market:
The global intraoperativemonitoring electrodes market is expected to exhibit a CAGR of 7.1% during theforecast period owing to increasing adoption of inorganic growth strategiessuch as collaborations and agreements. For instance, in December 2019, Ambu A/Sreached a collaborative agreement with Ives EEG Solutions LLC to be theexclusive U.S. distributor of its MRI-compatible single-useelectroencephalogram (EEG) cup electrodes. The exclusive distribution agreementmeets the increasing demand for single-use cup electrodes that are compatiblewith magnetic resonance imaging technology.
Among procedure,electrocardiography segment is expected to account for the largest share in2020 owing to increasing incidence of cardiovascular diseases. According to theJapanese Heart Rhythm Society, the population in Asia Pacific with atrialfibrillation (AF) is estimated to reach 72 million by 2050, of which 2.9million individuals may suffer from AF-associated stroke.
Among usability, the disposableelectrode segment is expected to account for the largest share in 2020 owing tounique properties of disposable electrodes such as lower electrical resistanceand greater capacitance than reusable electrodes when measurements are made insaline are expected to drive the segment growth during the forecast period.
Key players operating in theglobal intraoperative monitoring electrodes market are DIXI Medical, Ambu A/S,Blackrock Microsystems LLC, Digitimer Ltd., Cognionics, Inc., RhythmlinkInternational, LLC, Unimed Electrode Supplies, 3M Company, NuVasive, Inc.,Computational Diagnostics, Inc., and Natus Medical Incorporated.
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