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Feb
07

Global Needle Electrode Market Status and Prospect, Forecast 2018 to 2026

Global Needle Electrode Market Status and Prospect, Forecast 2018 to 2026

Needle electrode consists of thin wire through which electrical current is passed when attached to a power source that generates heat or destroys diseased tissues or seal blood vessels. Needle electrode is placed into the muscle to evaluate individual motor units, neurography and electrophysiological investigation under the skin. In electromyography the type of needle electrode to be used is selected, and preferred to use one type consistently to become well acquainted with its characteristics.

Increasing incidences of neurology, prevalence of cardiovascular disorders, high investments in the medical devices, and rising preference for home and ambulatory healthcare facility are key factors driving growth of the global needle electrode market. In addition, introduction of advance machineries and equipment, growing healthcare infrastructure, and skilled professional are some major factors expected to fuel growth of the global needle electrode market over the forecast period. Moreover, highly durable device, corrosion resistance, and high tensile strength of the needle electrodes are other factors boosting growth of the global needle electrode market over the forecast period.

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However, defective raw material and equipment malfunction are key factor restraining growth of the global needle electrode market. Additionally, reimbursement policies and stringent government regulatory pertaining to medical devices are major factors expected to hamper growth of the global needle electrode market over the forecast period.

The global needle electrode market is segmented on the basis of type, end user, and region. On the basis of region, the global needle electrode market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The market in North America, accounted for highest revenue share of global needle electrode market, owing to increasing healthcare expenditure, and development in healthcare infrastructure. The market in Europe accounted for second highest market share contributing towards the global needle electrode market owing to advanced technologies, high awareness about the benefit of early diagnosis and high expenditure on healthcare. Moreover, the market in Asia Pacific is also expected to grow due to rising economic conditions, improving healthcare infrastructure, and introduction of technological advancements in the region.

Prominent players in the global needle electrode market report include, Boston Scientific Corporation, Aesculap, Inc., Ambu A/S, Bio-Medical Science Co., Ltd., BOVIE MEDICAL, BOWA-electronic GmbH & Co. KG, Bramsys Ind Com Ltda, CONMED Corporation, COOK Group, and Cosman Medical.

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