PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1213651
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1213651
According to SPER Market Research, the Global ECG Cables and Lead Wires Market is estimated to reach USD 4.76 billion by 2032 with a CAGR of 7.5%.
Over the anticipated time frame, it is expected that the market for lead wires and ECG cables will grow. The world's aging population and the prevalence of cardiovascular disorders are two key issues affecting the business. The demand for ECGs has increased since doctors advise patients who have insomnia or high levels of anxiety to have one. Because hospitals are moving toward disposable cables and lead wires, hospitals and clinics utilize a lot of cables and lead wires. Additionally, doctors are increasingly adopting ECG devices in their clinics to monitor patients. This allows them to quickly get the necessary data and hasten the diagnosing process. Thus, cables and lead wires have also been extensively used in clinical contexts. Since there have been more ambulatory outpatient surgeries, there has been an increase in the demand for ECG cables and lead wires, and ambulatory facilities like ambulatory surgery centres and dialysis centres have been using ECG equipment in significant numbers.
The business boomed as a result of a sharp increase in demand for cables and lead wires during the COVID-19 pandemic. The market experienced such a huge increase as a result of the increased incidence of cardiovascular disease worldwide as a result of the COVID-19 virus's widespread distribution. Due to the sudden demand, businesses in the market increased output, particularly of lead wires and throwaway cables.
Market size available for years: 2019-2032
Base year considered: 2021
Forecast period: 2022-2032
Segments covered: By Product, By Material, By Usability, By End User
Regions covered: Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered: 3M Company, Abbott Laboratories, AliveCor, Becton, Boston Scientific Corporation, Cardinal Health Inc., CONMED Corporation, Curbell Medical Products Inc., Dickinson Company, GE Healthcare, HeartBeam Inc, Koninklijke Philips, Mindray Medical International Limited, OSI Systems, QT Medical, Siemens Healthineers AG, Welch Allyn Inc