Wednesday 25 September 2019

Disposable Lead Wires Market Share, Size, Growth and Dynamics | Forecast To 2028


United States - 26th September 2019: Disposable Lead Wires Market size was worth USD 545.0 million in 2015 and is anticipated to grow at CAGR of 6.3% in coming years. Escalating incidence of cardiovascular diseases resulted into growing adoption of ECG equipment and accessories thereby fueling the demand for ECG lead wires (LWs) during the forecast period. Reusable LWs can cause blood stream infections since these LWs are the prime source for proliferating antibiotic resistant bacteria in patients which resulted in shifting of preference toward disposable LWs over the forecast period.

In addition, growing geriatric population base is anticipated to broaden the consumer base as old age people are at higher risk for cardiovascular disorders, which is anticipated to trigger the demand for patient monitoring devices, which consists of disposable LWs in coming years.
End-Use Insights
Hospital segment held a leading position in the market of disposable LWs in 2015. This can be ascribed to their extensive machine varieties of disposable LWs in hospitals. Due to associated advantages with the utilization of disposable LWs and rising prevalence of hospital acquired infections the usage of disposable LWs in hospitals is anticipated to demonstrate an upward shift in near future.
While clinics are expected to show lucrative growth owing to rising demand for remote patient monitoring services and increasing awareness amongst end-users. The benefit of clinics is that they offer physicians’ quick access to the results, speeding the diagnostic process; subsequently, the demand for LWs in the clinical settings is huge due to the necessary requirement to keep up a hygienic and non- contaminated environment.
Regional Insights
North America held a leading position in the overall disposable LWs market in 2015 due to the rising mortality rates due to cardiovascular disorders and rising healthcare expenditure in countries such as the U.S. Besides, local presence of key players in the North American region likewise contributes towards the development of disposable LWs market.
Asia Pacific is expected to gain the most astounding CAGR over the forecast period due to escalating disposable income and rising prevalence of cardiovascular disorders & hospital-acquired infections (HAIs).
Disposable Lead Wires Machine Type Outlook (Revenue, USD Million, 2014 - 2025)
        • 3 Lead
        • 5 Lead
        • Others
Disposable Lead Wires End-Use Outlook (Revenue, USD Million, 2014 - 2025)
        • Hospitals
        • Clinics
        • Long Term Facilities
        • Ambulatory & Home Care Settings
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