Strong Demand for U.S. Medical Silicone Wires & Cables in Laser Medicine is set to Drive the Market to $180.24 Million by 2021 with a CAGR of 2.53%.
“U.S. Medical Silicone Wires & Cables Market: By Application (Lead Wire and Cable); By Equipment (Diagnostics, Therapy, Patient Monitoring and Others); and By Geography - Forecast (2016-2021)”, published by IndustryARC.
Browse through 6 Market Tables, 62 Figures spread through 84 slides and an in-depth TOC on “
U.S. Medical Silicone Wires & Cables”
Silicone Wires & Cables are specialized wires are cables that are used in many application in medical and other industries. These silicone based components are particularly favored in medical industry because they are biocompatible as well as clear all sterilization procedures. The U.S. Medical Silicone Wires & Cables market size, in terms of value, is anticipated to reach $180.24 million, by 2021. The high-growth application areas are laser medicine and endoscopy. The continuous expansion activities undertaken by companies are key factors driving the growth in this market.
The U.S. Medical Silicone Wires & Cables market is dominated by Silicone Lead wire with a market share of 65% and it is also estimated that silicone lead wire will exhibit a CAGR of 2.71% over the next five years. Diagnostic equipments such as X-ray, CT, Ultrasound, Molecular imaging/nuclear medicine, Endoscopy are the growth frontiers for the U.S. Medical Silicone Wires & Cables market as they are estimated to show high growth in the coming 5 years because of growing chronic disorders, increased consumer spending on cosmetic surgeries, developments in laser equipment and expanding applications in cardiology.
The attractiveness of U.S. Medical Silicone Wires & Cables industry is analysed by taking into account the supply side and demand side factors. The U.S. Medical Silicone Wires & Cables is mostly fragmented market, although 38% of the market is dominated by only three key players due to their large customer base and wide distribution network. Most of the products in the U.S. Medical Silicone Wires & Cables industry are standardized coupled with moderate to low product differentiation.
The U.S. Medical Silicone Wires & Cables market report is a comprehensive study of the market for different applications and equipments.
Following key players are covered as part of the market landscape analysis among others:
- Hitachi cables North America
- Leoni AG
- Sumitomo Electric USA
- Axon Cable
- Carlisle Medical Technologies
The U.S. Medical Silicone Wires & Cables market has also been analyzed for the following major Equipment:
- Patient Monitoring
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