Global ECG Cable and ECG Lead Wires Market By Material(TPE, TP, Other Materials), Machine Type (12-Lead ECG Leadwires ,5-Lead ECG Leadwires, 3-Lead ECG Leadwires, 6-Lead ECG Leadwires, Single-Lead ECG Leadwires, Other ECG Leadwires), Usability (Reusable Cables and Leadwires, Disposable Cables and Leadwires), Patient Care Setting (Hospitals, Long-Term Care Facilities, Clinics, Ambulatory and Home Care), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global ECG Cable and ECG Lead Wires Market
Global ECG cable and ECG lead wires market is set to witness a substantial CAGR of 6.6% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market value can be attributed to the growing cases of cardiovascular diseases and growing geriatric population.
Market Definition: Global ECG Cable and ECG Lead Wires Market
ECG cables and ECG lead wires are used in electrocardiography, which registers the heart's electrical operation with the aid of skin-placed electrodes. These electrodes work by sensing the electrical exercise of cardiac muscles in models of electrophysiology. The indications in which ECG can be recorded are cardiac murmur, fainting, pain in the chest and seizures among others.
According to the World Health Organization (WHO), around 17.7 million people died because of cardiovascular disease in 2015. Also, according to the Centers for Disease Control and Prevention (CDC), approximately 630,000 people died due to heart diseases in U.S. and approximately 366,000 died due to coronary heart disease (CHD) in 2015.
- Increasing geriatric population is increasing the market growth
- Rising prevalence of cardiovascular diseases will boost the market in the forecast period
- Government support to the healthcare sector is accelerating the market growth
- Advancement in technology is also propelling the growth of the market
- High cost of the disposable cables and lead wires is limiting the growth of the market
- Untouched emerging markets will hamper the market growth
- Turbulent inventions is also restricting the market in the forecast period
Segmentation: Global ECG Cable and ECG Lead Wires Market
- Other Materials
By Machine Type
- 12-Lead ECG Leadwires
- 5-Lead ECG Leadwires
- 3-Lead ECG Leadwires
- 6-Lead ECG Leadwires
- Single-Lead ECG Leadwires
- Other ECG Leadwires
By Patient Care Setting
- Long-Term Care Facilities
- Ambulatory and Home Care
- Reusable Cables and Leadwires
- Disposable Cables and Leadwires
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Key Developments in the Market:
- In May 2019, AliveCor announced that the company gets FDA clearance for KardiaMobile 6L which is the first six-lead personal ECG device worldwide. This clearance would give the patients and physicians a detailed view of the patient’s hearts, thus, it would help in treatment of arrhythmias which is one of the major cause of cardiovascular disease
- In October 2017, US Food and Drug Administration (FDA) cleared the peerbridge cor multi-channel remote ECG monitor, which was patented in 2012. The Peerbridge Cor will generate a quantitative analysis on each study while providing information precision to a stage where it is possible to measure personal rhythm centers
Global ECG cable and ECG lead wires market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ECG cable and ECG lead wires market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Some of the major players operating in global ECG cable and ECG lead wires market are 3M, BD, Medtronic, Koninklijke Philips N.V., Siemens, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, General Electric Company, NIHON KOHDEN CORPORATION, OSI Systems, Inc, Phillips-Medisize, Boston Scientific Corporation, Toshiba Corporation, B. Braun Melsungen Ag, Open Bionics, Drägerwerk Ag & Co. KgaA, Curbell Medical Products, Inc., Welch Allyn, Schiller and Conmed Corporation among others.
Research Methodology: Global ECG Cable and ECG Lead Wires Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technical Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global ECG cable and ECG lead wires market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)