North America Medical Cable Assemblies Market - Forecast(2024 - 2030)

Report Code: HCR 1428 Report Format: PDF + Excel

North America Medical Cable Assemblies Market Overview

North America Medical Cable Assemblies Market size is forecast to reach $3.8 billion by 2026, growing at a CAGR of 4.3% during the forecast period 2021-2026. Medical cable assemblies are used to link medical and laboratory devices and equipment. They transport power and/or data and often feature an abrasion-resistant jacket that provides relatively low surface friction and mechanical durability. Many are made with a high degree of flexibility to minimize kinking and a high degree of thermal resistance to endure autoclave treatment. Medical cables, on the other hand, often adhere to application-specific safety and regulatory requirements, such as ISO 10993-1 for the biological assessment of medical devices. In healthcare sector, medical cable assemblies are used for diagnostic imaging equipment, medical instrumentation, surgical devices, dental devices, and patient monitoring units to healthcare IT applications, pulse oximeters, electroencephalography (EEG), electrocardiogram (ECG/EKG), and even ambulance cots. The increasing frequency of cardiovascular disorders, as well as the growing elderly population, are the primary drivers driving market growth. Increasing technical improvement in medical cable assembly in this region is set to further enhance the overall market development of the North America Medical Cable Assemblies Market for the period 2021-2026.

Report Coverage

The report: “North America Medical Cable Assemblies Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the North America Medical Cable Assemblies Market.

By Product Type: Cable Assemblies, Custom Connectors, Bulkhead Connectors, ECG Cables, Leadwires Assemblies
By Application: Diagnostic Imaging, Therapeutic And Surgical, Patient Monitoring, Patient Care, Healthcare IT
By Country: U.S., Canada, Mexico

Key Takeaways

  • U.S. dominated the North America Medical Cable Assemblies Market in 2020 owing to rising prevalence of cardiovascular diseases. The North America Medical Cable Assemblies Market scope for different regions will be provided in the final report.
  • Rising advancement in technology which are driving the growth of North America Medical Cable Assemblies Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the North America Medical Cable Assemblies Market report.
  • High price of Medical Cable Assemblies is poised to create the hurdles for the North America Medical Cable Assemblies Market.

North America Medical Cable Assemblies Market Revenue, By Product Type, 2020

North America Medical Cable Assemblies Market

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North America Medical Cable Assemblies Market Segment Analysis – By Product Type

ECG Cables held the largest share in the North America Medical Cable Assemblies Market in 2020 and is estimated to grow at a CAGR 5.4% during the forecast period 2021-2026. ECG Cable is 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 mainly 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. ECG Cables are estimated to register the higher CAGR over the period 2021-2026.

North America Medical Cable Assemblies Market Segment Analysis – By Application

Patient Monitoring held the largest share in the North America Medical Cable Assemblies Market in 2020 and is estimated to grow at a CAGR 4.9% during the forecast period 2021-2026. Medical cable assemblies are widely used in patient monitoring as they record respiration, heart activity, and other vital indicators virtually simultaneously. They alert a surgeon if a patient is stable and a nurse if someone is in distress. Medical cable assemblies also help to keep patients and caregivers safe. Patient Monitoring are estimated to register the higher CAGR over the period 2021-2026.

North America Medical Cable Assemblies Market Segment Analysis – By Geography

U.S. dominated the North America Medical Cable Assemblies Market with a major share of 71.1% in 2020. This is attributed to increasing prevalence of cardiovascular diseases in this country. According to American Heart Association (AHA), cardiovascular diseases is the leading cause in the America and nearly half of the U.S. adults suffer from cardiovascular diseases which drives North America Medical Cable Assemblies Market.

North America Medical Cable Assemblies Market Drivers

Increasing Prevalence of Cardiovascular Diseases

Increasing prevalence of cardiovascular diseases is increasing the growth of the North America Medical Cable Assemblies 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. Furthermore, growing geriatric population in this region. Thus, increasing the growth of the North America Medical Cable Assemblies Market during the forecast period 2021-2026.

Growing Technological Advancement

Growing advancement in technology in healthcare sector coupled with rising government support towards medical cable is rising the growth of the North America Medical Cable Assemblies Market. Rising expenditure on healthcare owing to rise in disposable income of the people. Thus, increasing the growth of the North America Medical Cable Assemblies Market during the forecast period 2021-2026.

North America Medical Cable Assemblies Market Challenges

High Cost of Medical Cable Assemblies

Some of the factors that are set to impede the growth of the North America Medical Cable Assemblies Market are high cost of Medical Cable Assemblies and limited availability. Untouched emerging of market and lack of compensation is also set to hinder the growth of the market.

North America Medical Cable Assemblies Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the North America Medical Cable Assemblies Market. In 2020, the North America Medical Cable Assemblies Market share is consolidated by the top ten players present in the market. The North America Medical Cable Assemblies Market, top 10 companies are Carrio Cabling Corporation, Omega Leads, Inc., Carr Manufacturing Company, Inc., Axon' Cable, Y.C. Cable, Jem Electronics, Inc., NAI Group, LLC, Novo Precision LLC., Supreme Cable Technology, Inc., and Interconnect Solutions Company (ISC).

Relevant Titles:

Report Code: CMR 0675

Report Code: HCR 0365


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1. North America Medical Cable Assemblies Market - Overview
    1.1 Definitions and Scope
2. North America Medical Cable Assemblies Market - Executive Summary
    2.1 Market Revenue and Key Trends 
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by Region
3. North America Medical Cable Assemblies Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – 
    3.5 Pricing Analysis
4. North America Medical Cable Assemblies Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. North America Medical Cable Assemblies 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. North America Medical Cable Assemblies 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. North America Medical Cable Assemblies Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. North America Medical Cable Assemblies Market - By Product Type(Market Size –$Million/$Billion)
    8.1 Cable Assemblies
    8.2 Cable Assemblies
    8.3 Bulkhead Connectors
    8.4 ECG Cables
    8.5 Leadwires Assemblies
9. North America Medical Cable Assemblies Market - By Application(Market Size –$Million/$Billion)
    9.1 Diagnostic Imaging
    9.2 Therapeutic And Surgical
    9.3 Patient Monitoring
    9.4 Patient Care
    9.5 Healthcare IT
10. North America Medical Cable Assemblies Market - By Country (Market Size –$Million/$Billion
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
11. North America Medical Cable Assemblies Market - Entropy
12. North America Medical Cable Assemblies Market – Industry/Segment Competition Landscape Premium 
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Competition Matrix
        12.1.5 Best Practices for Companies
13. North America Medical Cable Assemblies Market – Key Company List by Country Premium Premium
14. North America Medical Cable Assemblies Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
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