ECG cable, ECG lead wires, lead wires, and cables are surging due to increased demand from end-users. Also, the demand for monitoring devices and equipment’s is surging due to the rise in multi-specialty hospitals and clinics worldwide. This market’s growth would be relatively high for the next ten years in Asia Pacific, North America, and Europe.
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The global cables and medical equipment market have witnessed growth in past years. Further, it is expected to grow substantially due to increased healthcare expenditure and government healthcare programs such as Medicare and Medicaid. This factor will have a positive demand on the growth of this market. There is a boost in demand for cables and leads in the medical equipment market due to the advent of high-tech products in the medical industry.
Rising incidences of chronic diseases such as cardiac arrest, cancer, ophthalmic ailments, gynecological and neurological conditions intensify market growth. The deaths from such diseases have increased within the past 20 years.
However, the growing development of wireless healthcare devices will restrict the demand for cables and lead in the medical industry and negatively affect the market. Also, the high cost of disposable cables and leads will hamper the growth of this market.
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- Ambulatory Care Centres
- Academic Research Institutes
- Specialty Clinics
- North America (The U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Poland, Turkey, Switzerland, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, South Korea, Vietnam, Philippines, Malaysia, Indonesia, Thailand, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Columbia, Argentina, Chile, and Rest of Latin America)
- Middle East & Africa (South Africa, Saudi Arabia, UAE, Oman, Egypt, and Rest of Middle East & Africa)
Key Market Players
The key market players in cables and leads for medical equipment markets are:
- Boston Scientific Corporation
- Cables Unlimited
- ConMed Corporation
- Flexible Wire and Cable, Inc.
- GE Healthcare
- Medtronic, Inc.
- Nihon Kohden Corporation
- Sorin Group Cardiac Rhythm Management
- Spacelabs Healthcare, Inc.
- St. Jude Medical, Inc.
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