Press release
ECG Cables and ECG Lead Wires Market is Expected to Increase from $1504 million in 2018 to $2064 million in 2023
ECG Cables and ECG Lead wires are used in the process of Electrocardiography, which records the electrical activity of the heart with the help of electrodes placed on the skin. These electrodes function by detecting the electrical activity of heart muscle’s electrophysiologic patterns. The lead wires role is to accurately transmit an ECG signal. The patient end of a lead wire normally connects to an ECG electrode. ECG electrodes commonly have a male stud that is either metallic or is coated with a conductive material.
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The rising incidences of cardiovascular diseases, growing geriatric population, and growing technological advancements are major factors driving the growth of the market. Growth in this market can primarily be attributed to factors such as increasing aging population and favoring government regulations towards monitoring devices.
ECG Cables and ECG Lead Wires Market Forecast Report (2018-2023)
Global ECG Cables and ECG Lead Wires Market size was around USD 1504 Million in 2018. It is expected to grow at a CAGR of 6.53% to reach USD 2064 Million by 2023.
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ECG Cables and ECG Lead Wires Market Segmentation
The ECG Cables and ECG Lead Wires market are segmented on the basis of usability, materials, type and patient care setting. Based on the product, the market is categorized into reusable and disposable segments. On the basis of materials, the market is categorized into TPE (Thermoplastic elastomer), TPU (Thermoplastic polyurethane) and others (Silicone, PVC). Based on lead wires by type, the market is divided into single-lead ECG lead wire, 3-lead ECG lead wire, 5- lead ECG lead wire, 6- lead ECG lead wire, 12- lead ECG lead wire and other lead wires. On the basis of patient care setting, the market is divided into hospitals, long-term care facilities, clinics and ambulatory and home care.
By geography the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global ECG cables and ECG lead wires market. North America is anticipated to remain the leading region over the forecast period.
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Major Players:
The major companies dominating this market for its products and services are
3M Company (U.S.)
Becton
Dickinson and Company (U.S.)
Welch Allyn, Inc. (U.S.)
CONMED Corporation (U.S.)
OSI Systems, Inc. (U.S.)
SCHILLER AG (Switzerland)
Medtronic plc (Ireland)
Koninklijke Philips N.V. (The Netherlands)
Mindray Medical International Limited (China)
Curbell Medical Products, Inc. (U.S.)
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