According to a market report by Lucintel, the future of the global ECG cable & ECG lead wire market looks promising with opportunities in the hospitals, long-term care facilities, and clinics markets. The global ECG cable & ECG lead wire market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are global increase in the geriatric population, increase in the number of cardiovascular disease patients, as well as, increased understanding of the illnesses' treatments and technological improvements in the electrocardiograph process.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in ECG cable & ECG lead wire market to 2030 by type (thermoplastic elastomer and TPU), usability (disposable and reusable), application (hospitals, long-term care facilities, clinic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, thermoplastic elastomer and TPU are the major segments of ECG cable & ECG lead wire market by type. Lucintel forecasts that thermoplastic elastomer is expected to witness higher growth over the forecast period due to longer product life and ability to provide patient comfort and safety.
Within this market, hospitals will remain the largest segment over the forecast period due to increasing number of patients in the hospitals for the diagnosis of cardiovascular diseases.
North America will remain the largest region over the forecast period due to growth in the level of government assistance for the healthcare industry and rising rate of technological innovation in this area.
3M Company, Becton, Dickinson and Company, Medtronic Public Limited Company, Koninklijke Philips, Curbell Medical Products, Hill-Rom, OSI Systems, Schiller, and Mindray Medical International Limited are the major suppliers in the ECG cable & ECG lead wire market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]