Global ECG cable and ECG lead wires Market is valued approximately USD 1.66 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.7 % over the forecast period 2021-2027. ECG leads is a connection between patient applied electrodes and several telemetry and bedside monitoring units which used to allowing for non-invasive monitoring of electrical impulses generated by the human heart over a time period resulting in an electrocardiogram. The Rising Geriatric Population, increasing prevalence of cardiovascular diseases, growing health infrastructure has led the adoption of ECG cable and ECG lead wires across the forecast period. With the growing health infrastructure and technologies people adopting noninvasive techniques result in ECG cable market growth. For instance: In India as per the health ministry the 2021 budget’s proposed healthcare outlay of 2.24L crore represents roughly 6.5% of the government’s overall budget of 34.5L crore Although this represents a 137% increase in nominal terms over the 2020 budget, as per Statista England had the highest expenditure on health amounting to approximately 136 billion British pounds. However, High Cost of Disposable Cables impedes the growth of the market over the forecast period of 2021-2027. Also, with the increasing prevalence of injuries, the adoption & demand for ECG cable and ECG lead wires is likely to increase the market growth during the forecast period.
The regional analysis of global ECG cable and ECG lead wires Market is considered for the regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the significant region across the world in terms of market share as increase in spending in Research and Development activities, increase in ECG cable and ECG lead wires Market. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increase in the consumption of ECG cable and ECG lead wires, Growth in research areas and improving healthcare infrastructure would create lucrative growth prospects for the ECG cable and ECG lead wires Market across Asia-Pacific region.
Major market player included in this report are:
Becton, Dickinson and Company
Medtronic Public Limited Company
Koninklijke Philips N.V.
Welch Allyn, Inc.
Curbell Medical Products, Inc
Welch Allyn, Inc.
OSI Systems, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
Reusable Cables and Leadwires
Disposable Cables and Leadwires
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global ECG cable and ECG leadwires Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers