The global market of electrodes for medical devices has been studied on the basis of diagnostic and therapeutic types. The diagnostic segment has been analyzed by prominent categories such as electrocardiography electrodes, electroencephalography electrodes, electroretinography electrodes, fetal scalp electrodes and others. On the other hand, therapeutic segment has been categorized into pacemaker electrodes, TENS electrodes, defibrillator electrodes and electrosurgical electrodes which include guided catheter electrodes used in minimally invasive procedures. In diagnostic product segment market for ECG electrodes is anticipated as fastest growing segment with a CAGR of 3.1%. This is majorly attributed to increase in smokers, hypertension and other cardiovascular diseases prevalence across the globe. In therapeutic electrodes segment the electrosurgical electrodes market is expected to record highest growth rate followed by defibrillator electrodes. The rationale behind this is high precision, less recovery period for electrosurgical electrode devices. Whereas, government initiatives for automated external defibrillator deployment at public places and increase in cardiovascular disease prevalence will offshoot the demand for defibrillator electrodes.
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At regional level North America accounted for the largest market share in the year 2012 followed by Europe. This is mainly due to intense government support and technological advancements resulting in broader acceptance of the devices. In the US, the apparent disconnect between discretionary spending and demand for healthcare has protected the medical device market.
|SOURCE Transparency Market Research|
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