ECG Cables and ECG Lead wires Market worth 1.75 Billion USD by 2021
The report "ECG Cable and ECG Lead wires Market by Material (Thermoplastic Elastomer, TPU), Usability (Reusable, Disposable), ECG Leadwires by Machine Type (3 lead, 5 lead), Patient Care Setting (Long term care facilities, Home care) - Forecast to 2021", analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World.
Browse 102 market data tables and 33 figures spread through 141 pages and in-depth TOC on "ECG Cable and ECG Lead wires Market".
The ECG cables and ECG leadwires 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. 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 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 cables and 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 and ECG leadwires 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 cables and ECG leadwires market is subsegmented into hospitals, clinics, long term care facilities and ambulatory and homecare. On the basis of geography, the ECG cables and ECG leadwires market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
North America held the largest share in the ECG cables and ECG leadwires market owing to the growing aged population and demand for remote monitoring ECG devices. On the other hand, the Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period.
Read more: - https://www.marketsandmarkets.com/PressReleases/ecg-cable-and-lead-wire.asp
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. The companies majorly focused on strategies such as Agreements, partnerships, mergers, acquisitions and expansions to sustain their positions in the market. The other key players in the global ECG cables and ECG leadwires market include Curbell Medical Products, Inc. (U.S.), Welch Allyn, Inc. (U.S.), CONMED Corporation (U.S.), OSI Systems, Inc. (U.S.), SCHILLER AG (Switzerland).
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road