The Europe ECG Cables and ECG Lead wires Market was worth USD 310 million in 2016 and estimated to be growing at a CAGR of 5.9%, to reach USD 410 million by 2021.
ECG Cables and ECG Lead wires are used in the procedure of Electrocardiography, which records the electrical activity of heart by the use of electrodes placed on the skin. The electrodes function by discerning the electrical activity through electro-physiologic patterns of heart muscles.
In a regularly found Electrocardiograph, there are 12-lead ECG’s and 10 electrodes. The electrodes are placed on the surface of their chest and on their limbs.
The ECG of a person can be used to interpret properties of their heart such as size and position of heart chambers, rhythm and rate of heart beats, presence of any damage to heart muscles, and the effect of cardiac drugs if any. Medically, an ECG is recorded if there are indications such as fainting cardiac murmur, heart attack, seizures, pain in the chest and shortness of breath.
The driving factors of Europe ECG Cables and ECG Lead wires market are favouring regulatory policies in the favour of electrocardiographs, rising incidence of cardiovascular diseases, increasing geriatric population, and growing technological advancements. The recent pattern of strategic mergers and acquisitions is also driving the growth of this market.
The Europe 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.
The Europe ECG Cables and ECG Lead wires market is divided based on geography into United Kingdom, France, Germany, Italy and Spain. Europe is expected to have the second largest market in the world by share.
Within Europe, United States has the largest market share. Factors such as increasing incidence of cardiovascular diseases and rising geriatric population is expected to propel the market growth in the region.
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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