ECG Cable and ECG Lead wires Market - Forecast(2021 - 2026)

Report Code: HCR 0516 Report Format: PDF + Excel (Delivery in 48 Hrs)

ECG Cable and ECG Lead wires Market Report Overview

ECG Cable and ECG Lead wires Market size in 2019 is estimated to be $1.5 billion, growing at a CAGR of 5.8% during the forecast period 2020-2025. ECG Cable and ECG Lead wires are used in electrocardiography, that record electrical activity of the heart with the help of electrodes which are placed on chest of the patient. It is used to precisely send the electronic signal to a diagnostic tool. These electrodes detect the electrical activity of heart muscles. ECG records the indication such as myocardial infarction, cardiac murmur, Cardiac stress testing and fainting. Increasing prevalence of cardiovascular diseases and rising geriatric population across the globe are the major factors driving the growth of the market. Moreover, rising technological advancement and government support for devices further enhance the overall market demand for ECG Cable and ECG Lead wires during the forecast period 2020-2025.

Report Coverage

The report: “ECG Cable and ECG Lead wires Market – Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the ECG Cable and ECG Lead wires Market:
By Usability: Reusable Cables and Lead wires, Disposable Cables and Lead wires.
By Material : Thermoplastic Elastomers (TPE), Thermoplastic Polyurethane (TPU).
By Machine Type: Single-Lead ECG Leadwires, 3-Lead ECG Leadwires, 6-Lead ECG Leadwires, 5-Lead ECG Leadwires, 12-Lead ECG Leadwires and Others.
By Patient Care Setting: Hospitals/Clinics, Long-Term Care Facilities, Ambulatory and Home Care.
By Geography: North America, Europe, Asia-Pacific, and Rest of the World.

Key Takeaways

  • In 2019, North America dominates the ECG Cable and ECG Lead wires Market owing to owing to increasing prevalence of cardiovascular diseases.
  • Increasing technological advancement is driving the market growth of ECG Cable and ECG Lead wires. 
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the ECG Cable and ECG Lead wires Market report.
  • High cost of disposable cables and lead wire is challenging the growth of the market. 

ECG Cable and ECG Lead wires Market - By Usability

Based on the usability, ECG Cable and ECG Lead wires Market is segmented into Reusable Cables and Lead wires, Disposable Cables and Lead wires. The Disposable Cables and Lead wires is projected to be the fastest-growing segment and is projected to grow at a CAGR of 5.3% during the forecast period 2020-2025. This is mainly owing to the reliability, safety, and convenience that it offers and that it can be easily connected and disconnected. Moreover, it helps to decrease the risk of cross-contamination between patients and improve patient care that are contributing to the growth of this segment.

ECG Cable and ECG Lead wires Market - By Material

Based on the Material, ECG Cable and ECG Lead wires Market is segmented into Thermoplastic Elastomers (TPE), Thermoplastic Polyurethane (TPU). In 2019, Thermoplastic Elastomers (TPE), held the largest share in the ECG Cable and ECG Lead wires market. This is owing to its increased product life and ability of offering patient comfort and safety. Also, it can be processed and recycled which is further contributes to the dominance of this segment. 

ECG Cable and ECG Lead wires Market - By Patient Care Setting

Based on the patient care setting, ECG Cable and ECG Lead wires Market is segmented into Hospitals/Clinics, Long-Term Care Facilities, Ambulatory and Home Care. In 2019, Hospitals/Clinics, held the largest share in the ECG Cable and ECG Lead wires market. This is owing to the increasing number of patients in the hospitals for the diagnosis of cardiovascular diseases. Moreover, rising demand for quality cardiac diagnosis is also contributing to the dominance of this segment.

ECG Cable and ECG Lead wires Market - By Geography

North America dominated the ECG Cable and ECG Lead wires market share accounting for 41% of the market in 2019. This is owing to increasing prevalence of cardiovascular diseases in this region. According to American Heart Association (AHA), cardiovascular diseases is the leading cause in the America and nearly half of the U.S. adults have some types of cardiovascular diseases which increases the demand of Diagnostic ECG Market

However, the Asia-Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing government support and the rising geriatric population.

ECG Cable and ECG Lead wires Market Drivers 

Increasing prevalence of cardiovascular diseases

Increasing prevalence of cardiovascular diseases and chronic diseases are driving the growth of Diagnostic ECG market. According to World Health Organization (WHO), cardiovascular diseases are the leading cause of death in globally, and cause around 17.9 million deaths annually in worldwide. Moreover, rising generic populations is also set to increase the market growth.

Growing Technological Advancement 

Growing technological advancement in healthcare and rising government support towards monitoring devices are some factors driving the growth of the market. Also, rising expenditure on healthcare further contributing to the growth of the market.

ECG Cable and ECG Lead wires Market Challenges

High cost of disposable cables and lead wire is poised to challenge the growth of the market. 

ECG Cable and ECG Lead wires Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the ECG Cable and ECG Lead wires Market. ECG Cable and ECG Lead wires top 10 companies are Koninklijke Philips N.V, Becton, Dickinson and Company, Boston Scientific Corporation, Toshiba Corporation, Siemens, Schiller AG, 3 M Company, Cardinal Health, Toshiba Corporation.

Acquisitions/Product Launches:

  • In November 2019, Siemens Healthineers AG has acquired a majority stake in ECG Management Consultants, a leading U.S. healthcare advisory company.

1. ECG Cable and ECG Lead wires Market Overview
    1.1 Definitions and Scope
2. ECG Cable and ECG Lead wires Market - Executive Summary
    2.1 Market Size and Key Trends 
    2.2 Key trends by Usability
    2.3 Key trends by Material
    2.4 Key trends by Machine Type
    2.5 Key trends by Patient Care Setting
    2.6 Key trends by Geography
3. ECG Cable and ECG Lead wires Market Landscape
    3.1 Market Share Analysis - Key Companies
    3.2 Product Benchmarking - Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. ECG Cable and ECG Lead wires Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Analysis
        4.1.4 Venture Capital and Funding Scenario
5. ECG Cable and ECG Lead wires Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. ECG Cable and ECG Lead wires Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. ECG Cable and ECG Lead wires Market - Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. ECG Cable and ECG Lead wires Market – By Usability (Market Size - $Million/$Billion)
    8.1 Reusable Cables and Lead wires
    8.2 Disposable Cables and Lead wires
9. ECG Cable and ECG Lead wires Market - By Material (Market Size - $Million/$Billion)
    9.1 Thermoplastic Elastomers (TPE)
    9.2 Thermoplastic Polyurethane (TPU)
10. ECG Cable and ECG Lead wires Market – By Machine Types (Market Size - $Million/$Billion)
    10.1 Single-Lead ECG Leadwires
    10.2 3-Lead ECG Leadwires
    10.3 6-Lead ECG Leadwires
    10.4 5-Lead ECG Leadwires
    10.5 12-Lead ECG Leadwires
    10.6 Others
11. ECG Cable and ECG Lead wires Market – By Patient Care Setting (Market Size - $Million/$Billion)
    11.1 Clinics & Hospitals
    11.2 Long-Term Care Facilities
    11.3 Ambulatory and Home Care
12. ECG Cable and ECG Lead wires Market- By Geography (Market Size - $Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 Rest of the World
        12.4.1 Middle East
        12.4.2 Africa
        12.4.3 South America
13. ECG Cable and ECG Lead wires Market – Entropy
14. ECG Cable and ECG Lead wires Market - Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country - Key companies
        14.1.2 Market Share by Region - Key companies
        14.1.3 Market Share at Global Level - Key companies
        14.1.4 Best Practices for Companies
15. ECG Cable and ECG Lead wires Market - Key Company List by Country Premium Premium
16. ECG Cable and ECG Lead wires Market Company Analysis
    16.1 Company Revenue, Products, M&A, Developments
    16.2 Company 1
    16.3 Company 2
    16.4 Company 3
    16.5 Company 4
    16.6 Company 5
    16.7 Company 6
    16.8 Company 7
    16.9 Company 8
    16.10 Company 9
    16.11 Company 10
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