According
to the new market research report "ECG Cables
and Lead Wires Market by Material (Thermoplastic Elastomer, TPU), Usability
(Reusable, Disposable), Type (12-Lead, 6-Lead, 5-Lead, 3-Lead), Patient Care
Setting (Hospitals, ICUs, Home Care, Ambulatory) & Region - Global Forecast
to 2026", published
by MarketsandMarkets™, the global ECG Cables and Lead Wires Market is
projected to reach USD 3.0 billion by
2026 from USD 2.1 billion in 2021, at a
CAGR of 7.5%.
Browse
in-depth TOC on "ECG Cables and Lead Wires Market"
199 – Tables
63 – Figures
268 – Pages
The
policy programs to provide effective care to patients with cardiovascular
diseases (CVD), technological advancements, and the implementation of favorable
government regulations and rising geriatric population. Emerging economies such
as China, Japan, and India are providing lucrative
opportunities for the players operating in the market.
ECG
lead wires and ECG cables segment accounted for the largest share of the ECG
cables and lead wires market, by type segment, in 2020.
ECG
cables market is segmented into ECG lead wires and ECG cables. The ECG lead
wires market is divided into 12-lead ECG lead wires, 5- lead ECG lead wires,
3-lead ECG lead wires, 6-lead ECG lead wires, single-lead ECG lead wire, and
other ECG lead wires (15- and 18-lead ECG lead wires). In 2020, the 12-lead ECG
lead wires segment accounted for the largest share of the ECG lead wires and
ECG cables market. The large share of this segment can be attributed to the
wide usage by paramedics to diagnose acute myocardial infarction (AMI) and
reduce treatment time.
TPE
(thermoplastic elastomer) segment to register the highest growth rate during
the forecast period.
ECG cables and lead wires market is segmented into TPE (thermoplastic elastomer), TPU (thermoplastic polyurethane), and other materials (silicone and PVC). In 2020, the TPE segment accounted for the largest share of the ECG cables and lead wires. The large share of this segment can be attributed to the increased consistency, durability, shore hardness, and flexibility offered compared to other materials.
Reusable
cables and lead wires segment to register the highest growth rate during the
forecast period.
ECG
cables market is segmented into reusable and disposable cables and lead wires.
In 2020, the reusable cables and lead wires segment accounted for the largest
share of the ECG cables and lead wires market. The huge share of this segment
is mainly due to the low prices associated with the adoption of reusable cables
and lead wires and because these types are majorly adopted in the developing
regions.
The
hospitals & ICUs segment accounted for the largest share of the ECG cables
and lead wires, by patient care setting segment, in 2020.
Based
on patient care setting, the lead wires market is segmented hospitals &
ICUs, long-term care facilities, clinics, and ambulatory and home care centers.
In 2020, hospitals & ICUs accounted for a larger share of the ECG cables
and lead wires market. The large share of this segment can be attributed to the
growing burden of cardiovascular diseases, which in turn is increasing the need
for quality cardiology care.
North America is the largest regional market for ECG cables and lead
wires market.
The
global ECG cables market is segmented into five major regions—North
America, Europe, the Asia Pacific, Latin
America, and
the Middle East & Africa. In 2020, North
America accounted
for the largest share of the market. The North American lead wires market
growth can be attributed to the rapid increase in the aging population and
rising cardiovascular disease rate as compared to other regions.
The
major players operating in this ECG Cables and Lead Wires Market are Cardinal
Health, Inc. (US), 3M Company (US),
Becton, Dickinson and Company (US), GE Healthcare (US), Koninklijke Philips
N.V. (Netherlands), Abbott Laboratories (US), Boston Scientific Corporation (US),
CONMED Corporation (US), OSI Systems, Inc. (US), Mindray Medical International
Limited (China), Welch Allyn, Inc. (US), Curbell Medical Products, Inc. (US),
Schiller AG (US), Siemens Healthineers AG (Germany), Dräger (Germany), Shanghai Berry Electronic Tech
Co., Ltd (China), Unimed Medical Supplies Inc. (China), Amydi-med Electronic Technology
Co., Ltd. (China), MedLink Electronics Tech Co. Ltd., (China), Sorimex (Poland), Nuova Gmbh (Germany), LUMED (Italy), UpnMed Equipment Co., Ltd.(China), Carlisle Medical Technologies
(US), and LifeLine Medical, Inc. (US).