Global Disposable Lead Wires Market, By Type (TPE, TPU, Silicon, PVC), Application (Hospitals, Clinics, Long Term Facilities, Ambulatory and Home Care)– Industry Trends and Forecast to 2029
Market Analysis and Size
Increased use of ECG equipment and accessories has fueled demand for ECG lead wires (LWs) over the forecast period, owing to the rising incidence of cardiovascular disorders. Because reusable LWs are the primary source of antibiotic-resistant bacteria in patients, they can cause bloodstream infections, which has led to a shift in preference for disposable LWs over the forecast period.
Data Bridge Market Research analyses that the disposable lead wires market which was USD 966.7 million in 2021, would rocket up to USD 1455.69 million by 2029, and is expected to undergo a CAGR of 5.25% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (TPE, TPU, Silicon, PVC), Application (Hospitals, Clinics, Long Term Facilities, Ambulatory and Home Care)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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3M (U.S), BD (U.S), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Carlisle Medical Technologies (U.S), Schiller Americas, Inc. (Switzerland), OSI System Inc. (U.S), Conmed Corporation (U.S), Welch Allyn (U.S), Curbell Medical Products, Inc. (U.S), Medtronic (Ireland), Hill-Rom Services, Inc. (U.S)
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Market Opportunities
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Market Definition
Disposable lead wires limit the possibility of cross contamination between patients that are hospitalised in hospitals. Clinicians can change the electrode without having to replace the entire lead wire set when using direct connection electrodes. The disposable lead wires module stays with the patient during transport, ensuring a smooth transition.
Disposable Lead Wires Market Dynamics
Drivers
- Rise in prevalence of cardiovascular disorders
During the projection period, the rising prevalence of cardiovascular disorders led to an increase in the use of ECG equipment and accessories, boosting demand for ECG lead wires. Furthermore, the usage of reusable lead wires on patients is causing an increase in bloodstream infections because they are a key source of antibiotic-resistant bacteria spreading in the patients.
- Rise in monitoring devices
Expanding senior population is predicted to broaden the consumer base by sparking an increase in the occurrence of cardiovascular disorders, which will drive demand for patient monitoring devices, including disposable LWs, over the forecast period.
- Growing healthcare illness
Rising healthcare-associated illnesses are predicted to contribute significantly to market growth. According to a study published in a SunTech Medical Inc. white paper, 2 million people in the United States contract healthcare-associated illnesses each year, with the number likely to rise throughout the forecast period. The aforementioned factors are expected to contribute to growth in the next years.
Opportunities
One of the major drivers of market growth is the rise in healthcare-associated infections. According to a study published in a SunTech Medical Inc. white paper, 2 million people in the United States contract healthcare-associated illnesses each year, with the number likely to rise during the forecast period. Market expansion in the coming years is ascribed to the aforementioned factors.
Restraints/Challenges
When an ECG fails, the doctor must remove the lead wires and replace them, which can delay therapy and create additional discomfort to the patient. It's worth noting that fewer "patient touches" can lead to improved patient satisfaction and a lower risk of nosocomial infections.
This disposable lead wires market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the disposable lead wires market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 impact on Disposable Lead Wires Market
The global demand for throwaway wires and cables was fuelled by the COVID-19 pandemic. As they come into close contact with a patient, reusable electrocardiograph (ECG) lead wires can be a source of harmful cross-contamination. Disposable ECG lead wires are a simple approach to reduce cross-contamination while also improving patient care. As a result of widespread concerns about the COVID-19 pandemic and hospital-acquired diseases, we should expect more companies to produce disposable leads (HAIs).
Global Disposable Lead Wires Market Scope
The disposable lead wires market is segmented on the basis of product type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- TPE
- TPU
- Others
- Others
End-user
- Clinics
- Long Term Facilities
- Ambulatory and Home Care Settings
Disposable Lead Wires Market Regional Analysis/Insights
The disposable lead wires market is analysed and market size insights and trends are provided by country, product type and end-user as referenced above.
The countries covered in the disposable lead wires market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market with a market revenue share of 39.92% in 2021 due to the growing mortality rates resulting from heart disorders and increasing healthcare expenditure in countries like the U.S. Moreover, the presence of major players in the region also contributes to the growth of the market.
Asia-Pacific is expected to gain the highest compound annual growth rate (CAGR) of 8.0% due to increasing disposable income and growing prevalence of cardiovascular disorders and hospital-acquired infections (HAIs).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Disposable Lead Wires Market Share Analysis
The disposable lead wires market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to disposable lead wires market.
Some of the major players operating in the disposable lead wires market are:
- 3M (U.S)
- BD (U.S)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- Carlisle Medical Technologies (U.S)
- Schiller Americas, Inc. (Switzerland)
- OSI System Inc. (U.S)
- Conmed Corporation (U.S)
- Welch Allyn (U.S)
- Curbell Medical Products, Inc. (U.S)
- Medtronic (Ireland)
- Hill-Rom Services, Inc. (U.S)
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