Patient Return Electrodes Market Size, Share, Industry, and Outlook (2024-2031)

Patient Return Electrodes Market is segmented By Type (Reusable, Disposable) By Application (Surgical Procedures, Electrotherapy Treatments, Other) By End User (Hospital, Specialty Clinics, Ambulatory Surgical Centers (ASCs), Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Market Overview

The Global Patient Return Electrodes Market reached US$ YY million in 2022 and is expected to reach US$ YY million by 2030, growing at a CAGR of YY% during the forecast period 2023-2030.

Patient return electrodes are also referred to as passive/plate electrodes, circuit plates, grounding electrodes(pad), and dispersive electrodes. Its broad surface decreases current density, safely stems current via the patient's body during electrosurgery, and averts burns. This electrode plate can signal the system to enhance safety without being completely connected to the patient. The conductive cover is constructed from aluminum, which has low resistance and is non-toxic, non-sensitizing, and non-irritating to the skin.

Market Scope

Market Dynamics: Drivers & Restraints

High Prevalence of Chronic Condition

The increasing number of cardiovascular surgeries is expected to drive the global market growth in the coming years. According to the British Heart Foundation's January 2022 update, nearly 284,000 people were waiting for time-sensitive heart operations and other heart procedures by the end of November 2021. Since patient return electrodes are used in cardiovascular surgeries, this is expected to boost the global market growth during the forecast period. Additionally, the Lifespan Health System reports that over 500,000 open heart procedures are performed annually in the United States, including complex procedures for the aorta or the heart itself, and coronary artery bypass. 

Moreover, the rising prevalence of other chronic conditions such as cancer, diabetes, and neurological disorders among others is also expected to contribute to the global market growth during the forecast period.

Product Recalls 

The market product recalls are expected to hamper the global market growth during the forecast period. For instance, the U.S. Food and Drug Administration (FDA) has classified Megadyne's (a J&J Ethicon brand) recall of MEGA 2000 and MEGA soft reusable patient return electrodes on June 1 as Class I. The recall affects 21,200 devices that were distributed between March 11, 2021, and May 9, 2023, in the United States. Further, problems associated with the product among other factors are also hampering the global market growth.

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Segment Analysis

The global patient return electrodes market is segmented based on type, application, end user and region.

Electrotherapy Treatments Application is Expected to Dominate Market

Electrotherapy is utilized for the treatment of neurological, muscular, or muscle-nerve conditions that induce pain. Electrotherapy can be advantageous in individuals encountering extreme sensitivity, numbness, or defects in back muscles. The growing cases of neurological, muscular, or muscle-nerve conditions are expected to boost the segment growth thereby dominating the global market during the forecast period. For instance, according to the National Safety Council of the United States in 2021, it is assessed that approximately 3.2 million individuals were treated in emergency units for injuries concerning sports and recreational tools in the United States in 2021.

Moreover, according to the Alzheimer's Association Alzheimer's Disease Facts and Figures 2022, Alzheimer's is additionally predominant in individuals past 65 years of age. Further, the WHO data also informed that the number would surpass 82 million by 2030. This growing load of nervous system diseases is expected to propel the demand for electrotherapy.

Geographical Analysis

North America is Expected to Dominate the Global Market

The North American market for patient return electrode is expected to dominate the global market during the forecast period owing to the increase in ambulatory surgeries and surgical centers. For instance, in the US, six out of ten adults suffer from chronic conditions, according to the Centers for Disease Control and Prevention (CDC), with the increasing number of ambulatory surgery centers, there is likely to be a greater number of open surgeries, which will in turn increase the demand for devices used for open procedures including patient return electrodes. Additionally, there has been a 2.1% increase in the number of Ambulatory Surgery Centers enterprises in the US as of 2023, with the number of firms expected to continue to rise.

Further, the presence of key market players holding majority of market share, growing awareness regarding chronic conditions and investments are also expected to contribute to the regional market growth during the forecast period.

COVID-19 Impact Analysis

The global market for patient return electrodes has been negatively impacted by the COVID-19 pandemic. During the outbreak, a large number of elective surgeries were either suspended or terminated, which led to a decrease in demand for these devices. For example, in order to optimize resources and address the unique needs of both the general population and healthcare systems, the FIGO and Minimal Access Surgery (MAS) board recommended suspending elective and non-urgent surgeries based on the health needs of each country and the response capacity of each healthcare system.

Key Developments

• In April 2023, Eakin Healthcare Surgical, part of the Eakin Healthcare Group, introduced a new brand identity as a domain of its gradual transition to the Eakin Healthcare branding.
• In October 2022, Erbe Group acquired the Blazejewski MEDI-TECH GmbH to expand its product portfolio and drive growth in the COT (chip-on-tip) and 3D endoscopy market.

Competitive Landscape

The major global players in the market include Medtronic, CONMED Corporation, Ethicon, Inc., Bowa-Electronic Gmbh & Co. Kg, 3m, Erbe Elektromedizin Gmbh, Utah Medical Products, Inc., Baisheng Medical Co., Ltd., Xodus Medical Inc. And Eakin Surgical among others.

Why Purchase the Report?

• To visualize the global patient return electrodes market segmentation based on type, application, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of patient return electrodes market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global patient return electrodes market report would provide approximately 61 tables, 57 figures and 182 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies