Patient Return Electrodes Market Analysis

End-user (Hospitals, Ambulatory Surgical Centers, Research Laboratories, Academic Institutes) 

The global patient return electrodes market is segmented and analyzed for demand and supply by end-user in hospitals, ambulatory surgical centers, research laboratories, academic institutions, and others. Out of these, the hospitals segment is attributed to holding the largest segment in the market during the forecast period. The major factor for segment growth is the presence of a large number of hospitals across the world and rising investments by the governments of different nations and major key players to enhance hospital settings.  For instance, the Organization for Economic Co-Operation and Development (OECD) stated that the number of hospitals in the United Kingdom increased from 1,882 in 2015 to 1921 in 2020, whereas, in the United States it rose from 5,564 in 2015 to 6,090 in 2019. Furthermore, the high number of patients visiting hospitals daily along with the presence of facilities in hospital settings are other factors that are expected to bring in favorable opportunities for segment expansion.

Surgery Type (General Surgery, Gynecology Surgery, Cardiovascular Surgery, Neurosurgery)

The global patient return electrodes market is also segmented and analyzed for demand and supply by surgery type into general surgery, gynecology surgery, cardiovascular surgery, neurosurgery, and others. Out of these, the general surgery segment is projected to garner a noteworthy share with a notable revenue generation by the end of 2037, owing to the high number of general surgeries being performed across the world as a result of a high number of diseases being diagnosed every day. For instance, it is estimated that around 11% of the global burden of disease requires surgical care and anesthesia devices. Also, the rising prevalence of numerous diseases in the world is another factor for segment growth.

Our in-depth analysis of the global market includes the following segments: