Solid Growth Expected for Global Intraoperative Monitoring Electrodes Market

According to Coherent Market Insights, the global intraoperative monitoring electrodes market is estimated to be valued at $469.3 million in 2020 and is expected to exhibit a compound annual growth rate (CAGR) of 7.1 percent during the forecast period (2020-2027).
 
Key trends in the market are the rising incidence of cardiovascular and neurological disorders, launch and approval of novel intraoperative monitoring electrodes and strategic collaborations and acquisitions among key players operating in the global intraoperative monitoring electrode market.
 
According to the World Health Organization’s 2017 report, cardiovascular disorders (CVD’s) are the leading cause of death globally. Around 17.9 million people died from CVDs in 2016, representing 31 percent of all global deaths. According to the same source, in 2016, around 85 percent of deaths were caused due to heart attack and stroke.
 
Moreover, according to American Society of Clinical Oncology’s (ASCO) 2019 statistics, around 23,820 adults (13,410 men and 10,410 women) in the United States were diagnosed with primary cancerous tumors in the brain and spinal cord in 2018.
 
Key players operating in the market are focused on development and launch of novel intraoperative monitoring electrodes which is expected to drive the market growth during the forecast period.
 
For instance, in April 2020, Nihon Kohden Corporation, a Japan-based manufacturer of precision medical products and services, announced the launch of a new Premium Disposable Gold Cup EEG Electrode. The disposable electroencephalogram (EEG) electrodes help healthcare workers prevent cross contamination between patients while maintaining high quality EEG signals.
 
The global intraoperative monitoring electrodes market is expected to exhibit a CAGR of 7.1 percent during the forecast period owing to rising launch of technologically advanced intraoperative monitoring electrodes. In September 2019, Ethicon, part of Johnson & Johnson Medical Devices Companies, launched the MEGADYNE Mega Soft Universal Plus Reusable Patient Return Electrode used in laparoscopic and robotic-assisted procedures.
 
Among procedure, electrocardiography segment is expected to account for the largest share in 2020 owing to increasing incidence of cardiovascular diseases. According to the Japanese Heart Rhythm Society, the population in Asia Pacific with atrial fibrillation (AF) is estimated to reach 72 million by 2050, of which 2.9 million individuals may suffer from AF-associated stroke.
 
Among usability, the disposable electrode segment is expected to account for the largest share in 2020 owing to unique properties of disposable electrodes such as lower electrical resistance and greater capacitance than reusable electrodes when measurements are made in saline are expected to drive the segment growth during the forecast period.
 
Among type of electrode, wet electrode segment is expected to account for the largest share in 2020 owing to increasing launch of novel wet electrodes.
 
Key players operating in the global intraoperative monitoring electrodes market are DIXI Medical, Ambu A/S, Blackrock Microsystems LLC, Digitimer Ltd., Cognionics Inc., Rhythmlink International LLC, Unimed Electrode Supplies, 3M Company, NuVasive Inc., Computational Diagnostics Inc., and Natus Medical Incorporated.