Growth in this market can primarily be attributed to factors such as the rapidly increasing aging population, technological advancement, favoring government regulations towards monitoring devices and increasing incidences of cardiovascular diseases.
The ECG Cable and ECG Lead wires Market witnessed considerable growth during the
last decade and is expected to grow at a CAGR of 5.7% between 2016 and 2021 to
reach USD 1.75 Billion by 2021.
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Market Segmentation: -
The ECG cables and ECG
leadwires market is segmented based on material, usability, leadwires by
machine type, patient care setting and regions. Based on ECG cables and ECG
leadwires by materials, the market is split into three, namely, TPU
(Thermoplastic polyurethane), TPE (Thermoplastic elastomer) and others
(Silicone, PVC). Based on usability, the ECG leadwires market is divided into
reusable and disposable. Based on leadwires by type, the ECG leadwires market
is segmented into single-lead ECG leadwire, 3-lead ECG leadwire, 5- lead ECG
leadwire, 6- lead ECG leadwire, 12- lead ECG leadwire and other leadwires (15-
and 18- lead ECG leadwires).
In 2015, the reusable
segment accounted for the largest share in the global ECG cables market. And
based on materials, the TPE (Thermoplastic elastomer) segment accounted for the
largest share in the global ECG cables and ECG leadwires market.
Similarly, based on
patient care setting, the ECG leadwires market is subsegmented into hospitals,
clinics, long term care facilities and ambulatory and homecare.
Key Market Drivers: –
1 Rising Geriatric Population
2 Increasing Prevalence of Cardiovascular Diseases
3 Technological Advancements
4 Implementation of Government Regulations Supporting the Use of Monitoring
Devices
Regional Analysis: -
North America held the
largest share in the ECG cables market owing to the growing aged population and
demand for remote monitoring ECG devices.
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Top key Players: -
The market players
namely, 3M Company (U.S.), Becton, Dickinson and Company (U.S.), Medtronic plc
(Ireland), Koninklijke Philips N.V. (The Netherlands) and Mindray Medical
International Limited (China), held major share of the ECG cables and ECG
leadwires market.
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