Product Code: ETC051784 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Medical Electrodes Market registered a decline of -31.62% in value shipments in 2022 as compared to 2021 and an increase of 14.88% CAGR in 2022 over a period of 2017. In Medical Electrodes Market India is becoming more competitive as the HHI index in 2022 was 2830 while in 2017 it was 3234. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Medical Electrodes Market.
Medical electrodes are essential components of medical devices and systems that enable the monitoring, diagnosis, and treatment of various diseases. Medical electrodes are used in a wide range of applications such as ECG (electrocardiogram), EEG (electroencephalography), EMG (electromyography), EOG (electro-oculography), sleep/neurodiagnostics, nerve stimulation, pacemakers, defibrillators and others. Rising demand from hospitals for advanced healthcare solutions is expected to drive the India medical electrodes market during the forecast period.
Increasing prevalence of chronic diseases: The increasing prevalence of chronic diseases across India has increased the adoption rate of medical devices which use medical electrodes for diagnosis and treatment purposes. This factor is driving the growth of this market significantly over the last few years. Growing investments by government in healthcare sector: Government initiatives such as ?Make In India? & ?Ayushman Bharat Yojana? have made huge investments in developing infrastructure for better healthcare services throughout India leading to increased demand for advanced technologies like medical electrodes.
High cost associated with product development process: Development process involves high costs due to tight control on quality standards as well as complex regulations related to clinical trials which creates significant pressure on manufacturers resulting into higher prices for end users leading to decreased affordability & accessibility among consumers especially those belonging from low income group households or rural areas where access to health care facilities is still limited thereby creating challenge for growth in terms of revenue generated by sale volume pertaining to these
Emergence Of Wireless Technology Enabled Electrodes : With traditional wired technology losing its edge due to issues like interference between wires , wireless technology enabled products are gaining traction with emergence of small form factors providing efficient communication between device & patient also offering convenience while wearing them . This trend will continue growing further owing To their advantages over wired counterparts.
Some key players operating in Indian Medical Electrodes Market include 3M Company , Ambu A/S , Conmed Corporation , Covidien plc., Medtronic plc., NeuroMetrix Inc., Nihon Kohden Corporation, Philips Healthcare etc..
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Medical Electrodes Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Medical Electrodes Market Revenues & Volume, 2020 & 2030F |
3.3 India Medical Electrodes Market - Industry Life Cycle |
3.4 India Medical Electrodes Market - Porter's Five Forces |
3.5 India Medical Electrodes Market Revenues & Volume Share, By Technology, 2020 & 2030F |
3.6 India Medical Electrodes Market Revenues & Volume Share, By Usability, 2020 & 2030F |
3.7 India Medical Electrodes Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.8 India Medical Electrodes Market Revenues & Volume Share, By Diagnostic Procedure, 2020 & 2030F |
4 India Medical Electrodes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Medical Electrodes Market Trends |
6 India Medical Electrodes Market, By Types |
6.1 India Medical Electrodes Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Medical Electrodes Market Revenues & Volume, By Technology, 2020-2030F |
6.1.3 India Medical Electrodes Market Revenues & Volume, By Dry Electrodes, 2020-2030F |
6.1.4 India Medical Electrodes Market Revenues & Volume, By Wet Electrodes, 2020-2030F |
6.1.5 India Medical Electrodes Market Revenues & Volume, By Needle Electrodes, 2020-2030F |
6.2 India Medical Electrodes Market, By Usability |
6.2.1 Overview and Analysis |
6.2.2 India Medical Electrodes Market Revenues & Volume, By Reusable Electrodes, 2020-2030F |
6.2.3 India Medical Electrodes Market Revenues & Volume, By Disposable Electrodes, 2020-2030F |
6.3 India Medical Electrodes Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Medical Electrodes Market Revenues & Volume, By Neurophysiology, 2020-2030F |
6.3.3 India Medical Electrodes Market Revenues & Volume, By Cardiology, 2020-2030F |
6.3.4 India Medical Electrodes Market Revenues & Volume, By Intra-Operative Monitoring, 2020-2030F |
6.3.5 India Medical Electrodes Market Revenues & Volume, By Sleep Disorder, 2020-2030F |
6.3.6 India Medical Electrodes Market Revenues & Volume, By Others, 2020-2030F |
6.4 India Medical Electrodes Market, By Diagnostic Procedure |
6.4.1 Overview and Analysis |
6.4.2 India Medical Electrodes Market Revenues & Volume, By Electroencephalography, 2020-2030F |
6.4.3 India Medical Electrodes Market Revenues & Volume, By Electrocardiography, 2020-2030F |
6.4.4 India Medical Electrodes Market Revenues & Volume, By Others, 2020-2030F |
7 India Medical Electrodes Market Import-Export Trade Statistics |
7.1 India Medical Electrodes Market Export to Major Countries |
7.2 India Medical Electrodes Market Imports from Major Countries |
8 India Medical Electrodes Market Key Performance Indicators |
9 India Medical Electrodes Market - Opportunity Assessment |
9.1 India Medical Electrodes Market Opportunity Assessment, By Technology, 2020 & 2030F |
9.2 India Medical Electrodes Market Opportunity Assessment, By Usability, 2020 & 2030F |
9.3 India Medical Electrodes Market Opportunity Assessment, By Application, 2020 & 2030F |
9.4 India Medical Electrodes Market Opportunity Assessment, By Diagnostic Procedure, 2020 & 2030F |
10 India Medical Electrodes Market - Competitive Landscape |
10.1 India Medical Electrodes Market Revenue Share, By Companies, 2023 |
10.2 India Medical Electrodes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |