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According to the report Global ECG Cables and ECG Lead wires market, published by Market Data Forecast, the Market was worth USD 1.34 billion in 2016 and estimated to be growing at a CAGR of 6.2%, to reach USD 1.81 billion by 2021. ECG Cables and ECG Lead wires are used in the process of Electrocardiography, which records the electrical activity of heart with the help of electrodes placed on the skin.
These electrodes function by detecting the electrical activity of heart muscle’s electrophysiologic patterns.
In a commonly found Electrocardiograph, there are 12-lead ECG’s and 10 electrodes which are placed on the patient’s limbs and the surface of their chest.
Clinically, an ECG is recorded if there are indications such as cardiac murmur, seizures, fainting, heart attack, pain in the chest and shortness of breath.
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The Global ECG Cables and ECG Lead wires market is driven by factors such as growing geriatric demographics, increasing incidence of cardiovascular diseases, favouring regulatory policies in the favour of electrocardiographs and increasing technological advancements. The recent trend of strategic mergers and acquisitions is also driving the growth of this market.
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The Global ECG Cables and ECG Lead wires market is divided on the basis of usability into reusable and disposable segments. By materials, the market is categorised into TPE (Thermoplastic elastomer), TPU (Thermoplastic polyurethane) and others (Silicone, PVC).
Based on lead wires by type, the market is divided into single-lead ECG leadwire, 3-lead ECG leadwire, 5- lead ECG leadwire, 6- lead ECG leadwire, 12- lead ECG leadwire and other leadwires (15- and 18- lead ECG leadwires). 12-lead ECG leadwire segment is expected to have the largest market share.
On the basis of patient care setting, the market is divided into hospitals, long term care facilities, clinics and ambulatory and homecare.
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The Global ECG Cables and ECG Lead wires market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America holds the largest market share in the world due to rising geriatric population and rising demand for Electrocardiographs.
Asia-Pacific is expected to have the fastest growth as a result of huge number of patients, booming economy and rising aging demographics.
Some of the major players in the market include 3M Company (U.S.), Becton, Dickinson and Company (U.S.), Welch Allyn, Inc. (U.S.), CONMED Corporation (U.S.), OSI Systems, Inc. (U.S.), SCHILLER AG (Switzerland), Medtronic plc (Ireland), Koninklijke Philips N.V. (The Netherlands), Mindray Medical International Limited (China), Curbell Medical Products, Inc. (U.S.).
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