Market by Product, Usability, Type, Application and Country Outlook | Forecast 2022-2028
As per the report by Triton, Latin America’s medical electrodes market is estimated to grow with a CAGR of 5.48% over the forecasting period between 2022 and 2028.
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The countries analyzed in this region include:
• Brazil
• Mexico
• Rest of Latin America
In Latin America, medical electrodes are expected to become more popular
in the healthcare market as technology advances, thereby increasing imports in
the region’s countries. Major imports of medical devices in the country are
from the United States. As a result, increased healthcare spending through
imports is expected to contribute to the region’s growth.
Brazil is the region’s largest healthcare market. According to ITA, the
country spends about 9.1% of its GDP on healthcare. In 2020, the country
increased medical device imports by 12.9%, amounting to $6.2 billion. In
Brazil, imported medical devices such as electrodes account for 80% of the
healthcare market, thereby boosting market growth.
Additionally, the country’s geriatric population is expected to rise to
21.9% of the total population in 2050, up from 8.9% in 2017. This increase in
the geriatric population will result in a higher number of age-related
diseases, thereby increasing the demand for early diagnosis and testing. As a
result, it is expected that the rise in the geriatric population and the
prevalence of chronic diseases will help the market to flourish.
Argentina spends approximately 9% of its GDP on healthcare. According to
ITA, imports in the medical device sector account for approximately 70-75% of
the total market, with local manufacturing accounting for approximately 25% of
the market. The country is an important market for American exports to Latin
America. The rise in imports is anticipated to surge the market in the country.
Argentina is studied under Rest of Latin America.
Reusable medical electrodes can be used multiple times with proper
cleaning. Because of their frequent use, they must be sterilized to avoid
contamination with any microorganism, including bacterial spores. Additionally,
these electrodes require high maintenance, making them more expensive. The studied report assesses the market’s
growth based on application, usability, type, and product. Here, the
usability segment comprises reusable medical
electrodes and disposable medical electrodes.
The significant players in the medical
electrodes market include Rhythmlink International, ConMed Corporation,
Cognionics, Cooper Surgical, Cardinal Health Inc., Ambu A/S, Medico Electrodes
and 3M.
Koninklijke Philips NV, founded in 1891, provides diagnostic imaging,
patient monitoring, image-guided therapy, and health informatics products and
services. The major business segments of the company include diagnostics and
treatment, connected care, and personal health. The company has a global
presence in over 75 countries, including those in Latin America. The products of the
company include diagnostic ECG, advanced molecular imaging, fluoroscopy,
emergency care and resuscitation, hospital respiratory care, computed
tomography, clinical informatics, etc.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the medical electrodes market revenue growth in Latin America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
●
A wide-ranging study of factors that will challenge the Latin America medical
electrodes market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA MEDICAL ELECTRODES MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE MEDICAL ELECTRODES MARKET
2.2. KEY
INSIGHTS
2.2.1. ADVANCEMENT
IN TECHNOLOGIES FOR THE DEVELOPMENT OF MEDICAL ELECTRODE DEVICES
2.2.2. HEALTHCARE
INITIATIVES BY GOVERNMENT
2.2.3. ECG
SEGMENT GAINING TRACTION IN THE MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.6.1. MANUFACTURING
2.6.2. TECHNOLOGY
INTEGRATION
2.6.3. DISTRIBUTORS/SUPPLIERS
2.6.4. END-USERS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. CONTRACTS
& AGREEMENTS
2.7.4. EXPANSIONS
& DIVESTITURES
2.8. MARKET
DRIVERS
2.8.1. GROWING
PREVALENCE OF CARDIOVASCULAR AND NEUROLOGICAL DISEASES
2.8.2. RISING
INVESTMENTS IN RESEARCH AND DEVELOPMENT OF HEALTHCARE SERVICES
2.8.3. RISING
PREFERENCE FOR AMBULATORY HEALTHCARE SERVICES
2.9. MARKET
CHALLENGES
2.9.1. STRINGENT
REGULATIONS IMPOSED BY GOVERNMENT
2.9.2. TIME-CONSUMING
PROCESS OF BIOCOMPATIBILITY TESTING
2.10. MARKET
OPPORTUNITIES
2.10.1. RISING
PREFERENCE FOR DISPOSABLE ELECTRODES
2.10.2. GROWING
DEMAND FOR MINIMALLY INVASIVE SURGERIES
3. LATIN
AMERICA MEDICAL ELECTRODES MARKET OUTLOOK - BY PRODUCT
3.1. SURFACE
ELECTRODES
3.2. NEEDLE
ELECTRODES
4. LATIN
AMERICA MEDICAL ELECTRODES MARKET OUTLOOK - BY USABILITY
4.1. DISPOSABLE
MEDICAL ELECTRODES
4.2. REUSABLE
MEDICAL ELECTRODES
5. LATIN
AMERICA MEDICAL ELECTRODES MARKET OUTLOOK - BY TYPE
5.1. DIAGNOSTIC
MEDICAL ELECTRODES
5.2. THERAPEUTIC
MEDICAL ELECTRODES
6. LATIN
AMERICA MEDICAL ELECTRODES MARKET OUTLOOK - BY APPLICATION
6.1. CARDIOLOGY
6.2. INTRAOPERATIVE
MONITORING
6.3. NEUROPHYSIOLOGY
6.4. SLEEP
DISORDERS
6.5. OTHER
APPLICATIONS
7. LATIN
AMERICA MEDICAL ELECTRODES MARKET –COUNTRY OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST
OF LATIN AMERICA
8. COMPETITIVE
LANDSCAPE
8.1. 3M
8.2. CONMED
CORPORATION
8.3. MEDTRONIC
PLC
8.4. CARDINAL
HEALTH INC.
8.5. AMBU
A/S
8.6. ZOLL
MEDICAL CORPORATION
8.7. DYMEDIX
DIAGNOSTICS
8.8. COGNIONICS
8.9. COOPER
SURGICAL
8.10. CR
BARD INC
8.11. RHYTHMLINK
INTERNATIONAL
8.12. NATUS
MEDICAL INCORPORATED
8.13. PEPIN
MANUFACTURING
8.14. MEDICO
ELECTRODES
8.15. KONINKLIJKE
PHILIPS NV
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: LIST OF
ACQUISITIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF CONTRACTS
& AGREEMENTS
TABLE 6: LIST OF
INVESTMENTS & EXPANSIONS
TABLE 7: LATIN AMERICA
MEDICAL ELECTRODES MARKET, BY PRODUCT, 2022-2028, (IN $ MILLION)
TABLE 8: LATIN AMERICA
MEDICAL ELECTRODES MARKET, BY USABILITY, 2022-2028, (IN $ MILLION)
TABLE 9: LATIN AMERICA
MEDICAL ELECTRODES MARKET, BY TYPE, 2022-2028, (IN $ MILLION)
TABLE 10: LATIN AMERICA
MEDICAL ELECTRODES MARKET, BY APPLICATION, 2022-2028, (IN $ MILLION)
TABLE 11: LATIN
AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY PRODUCT, 2021 &
2028 (IN %)
FIGURE 4: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY SURFACE ELECTRODES,
2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY NEEDLE ELECTRODES,
2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY USABILITY, 2021
& 2028 (IN %)
FIGURE 7: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY DISPOSABLE MEDICAL
ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY REUSABLE MEDICAL
ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY TYPE, 2021 & 2028
(IN %)
FIGURE 10: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY DIAGNOSTIC MEDICAL
ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY THERAPEUTIC
MEDICAL ELECTRODES, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY APPLICATION, 2021
& 2028 (IN %)
FIGURE 13: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY CARDIOLOGY,
2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY INTRAOPERATIVE
MONITORING, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY NEUROPHYSIOLOGY,
2022-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY SLEEP DISORDERS,
2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA MEDICAL ELECTRODES MARKET, BY OTHER
APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA MEDICAL ELECTRODES MARKET, COUNTRY OUTLOOK, 2021
& 2028 (IN %)
FIGURE 19: BRAZIL MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: MEXICO MEDICAL ELECTRODES MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: REST OF LATIN AMERICA MEDICAL ELECTRODES MARKET 2022-2028 (IN
$ MILLION)