Global Intraoperative Monitoring Electrodes Market, By Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), and Others), By Usability (Disposable Electrode and Reusable Electrode), By Type of Electrode (Wet Electrode, Dry Electrode, and Needle Electrode), By End User (Hospital, Ambulatory Surgical Centers, and Specialty Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 469.3 million in 2020 and is expected to exhibit a CAGR of 7.1% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.

The growing demand for innovation in existing ECG electrodes for diagnosis of atrial fibrillation is expected to drive 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 clinician decision-making regarding heart diseases and also simplify clinical workflows.

In June 2019, DIXI Medical and Aleva Neurotherapeutics, a spin-off of the Swiss Federal Institute of Technology (EPFL) Microsystems Laboratory, co-founded Adept Neuro SA, a Joint Venture dedicated to developing a new generation of stereo-electro-encephalo-graphie (SEEG) electrodes which will facilitate localization and thermocoagulation of epileptogenic zones.

Global Intraoperative Monitoring electrodes Market – Impact of Coronavirus (COVID-19) Pandemic

The increasing patient population suffering from COVID-19 has led various research institutes and key players to shift their focus on research and development of novel solutions to combat the disease spread.

For instance, in April 2020, the University Hospital of Ferrara commenced a clinical trial for Electrocardiographic (ECG) evaluation of patients with severe acute respiratory syndrome coronavirus 2 (SARS-Cov-2) infection. It is a diagnostics evolution study which is expected to complete by December 2021.

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Moreover, in April 2020, GE Healthcare published a research article about Cardiac Complications of COVID-19: Signs to watch for on the ECG. Data from Wuhan, China indicated that arrhythmia and acute cardiac injury could be among the most prevalent heart complications in confirmed-positive cases. A February 2020 case report in the Journal of the American Medical Association (JAMA) identified those complications in 16.7% and 7.2% of hospitalized patients, respectively. While ECG presentations vary, (TCTMD, the most comprehensive online resource in interventional cardiology) has reported that cardiologists should be aware of any symptoms indicative of impending cardiac events, especially in tandem with other clinical indicators such as elevated troponin or lab work that could suggest acute inflammatory response, including high levels of C-reactive protein, interleukin-6, CD4, and CD8.

Browse 289 Market Data Tables and 35 Figures spread through 485 Pages and in-depth TOC on “Intraoperative Monitoring Electrodes Market”- Global Forecast to 2027, By Procedure (Electrocardiography (ECG), Electroencephalography (EEG), Electromyography (EMG), and Others), By Usability (Disposable Electrode, and Reusable Electrode), By Type of Electrode (Wet Electrode, Dry Electrode, and Needle Electrode), By End User (Hospital, Ambulatory Surgical Centers, and Specialty Centers) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),

Key players operating in the market are focusing on obtaining product approvals which is expected to drive the market growth during the forecast period. For instance, in July 2019, Rhythmlink International LLC, announced that the U.S. Food and Drug Administration (FDA) approved the PressOn Electrode Headset under the Section 510(k) premarket notification. PressOn is used for neurological diseases monitoring.

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Key Takeaways of the Global Intraoperative Monitoring Electrodes Market:

The global intraoperative monitoring electrodes market is expected to exhibit a CAGR of 7.1% during the forecast period owing to increasing adoption of inorganic growth strategies such as collaborations and agreements. For instance, in December 2019, Ambu A/S reached a collaborative agreement with Ives EEG Solutions LLC to be the exclusive U.S. distributor of its MRI-compatible single-use electroencephalogram (EEG) cup electrodes. The exclusive distribution agreement meets the increasing demand for single-use cup electrodes that are compatible with magnetic resonance imaging technology.

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.

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.

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