Disposable Lead Wires Market Emerging Trend, Share, Growth & Forecast

Disposable Lead Wires Market Emerging Trend, Share, Growth &
Forecast
“Global Disposable Lead Wires Market report includes in-depth analysis of
industry by recent technologies, trends, opportunities, challenges, key players
and business strategies considering types, segment and future outlook.”
The global 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.
Furthermore, escalating healthcare associated infections is a major contributing factor expected
to drive the market growth. As per the study published in the white paper of SunTech Medical
Inc., each year 2 million people acquired healthcare associated infections in the U.S. alone and
the incidence is expected to grow over the forecast period. The previously mentioned elements
are crediting toward the growth in coming years.
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Material Insights
In 2015, Thermoplastic Elastomer (TPE) held the dominant share of the material segment. The
substantial share is attributing to the associated advantages with its usage including
compatibility, high cost efficiency, high insulation properties and stability. The segment is
further expected to enlist exponential development during the forecast period as a result of
rising adoption and applicability in various applications.
Thermoplastic polyurethanes (TPUs) are a type of TPEs and are long-chain linear polymers
having no cross-links. The TPU material provides abrasion resistance, biocompatibility,
biostability and low-temperature elasticity, which makes them the best material for
manufacturing of LWs. The TPU-based LWs are usually resistant to abrasion, exhibit acid-base
resistance, fungus and heat. The previously mentioned benefits with the utilization of TPUs are
anticipated to boost the usage rates over the forecast period.
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Machine Insights
Other segments which include 6, 12, 15 and 18 lead of machine type accounted for the
substantial share in 2015. This is creditable to persistent adoption as a result of larger preference
owing to the related advantages such as ease of use, efficiency and flexibility.
In addition, 5-lead machine type is anticipated to grow at a lucrative growth rate over the
forecast period. This is ventured to be an outcome of persistent usage in cardiology and patient
monitoring systems 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 & hospitalacquired
infections (HAIs).
Competitive Insights
The market is considered as price sensitive in nature and there is an intense competition among
the players. Industry players draw in pricing strategies and manufacture products at relatively
low prices. Moreover, the demand for effective products & low cost is rising from the consumer
end. The aforementioned elements are expected to retain the competition at a large level.
Moreover, advancement of user-friendly, sustainable solutions and low cost is anticipated to
maintain industry rivalry at a large level.
Major players of this market enter into strategic unions and also acquire new entrants trying to
guarantee sustainability. For instance, in September 2015, Hill-Rom Holdings, Inc. acquired
Welch Allyn for USD 2.05 Million. This acquisition empowers Hill-Rom Holdings to decrease
healthcare cost for consumers and offer patient care services with improved efficiency.
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