The electrodes for medical devices market will reach $1.45 billion by 2019, according to a report from Transparency Market Research.
The use of electrodes in medical devices serves to transform ionic current energy into electrical currents within the human body. These currents aid in diagnosing and treating a large variety of diseases.
One of the main growth factors of the market is the increasing need for portable medical devices to lower increasing healthcare expenses. There is also increasing demand for disposable electrodes in response to growing safety and health concerns.
Furthermore, the growing need for minimally invasive surgeries puts ablation electrodes in high demand, thereby contributing to market growth.
However, electrical burns caused by overheating and the lack of biocompatibility tests have inhibited the acceptance and utilization of electrodes in medical devices, hurting development of the market.
More articles on supply chain:
Medical Device Innovation Consortium advocates for early feasibility studies in US
Scope-cleaning machine tied to super bugs still in use after FDA backs off recall
Scientists develop method to 'print' drugs into customizable tablets