TechDogs-"ECG Cable And ECG Lead Wires Global Market Is Projected To Reach $2.6 Billion By 2030: Consistent Rise In Healthcare Spending Worldwide To Drive Opportunities"

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ECG Cable And ECG Lead Wires Global Market Is Projected To Reach $2.6 Billion By 2030: Consistent Rise In Healthcare Spending Worldwide To Drive Opportunities

By PR Newswire

PR Newswire
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DUBLIN, June 29, 2023 /PRNewswire/ -- The "ECG Cable and ECG Lead Wires: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for ECG Cable and ECG Lead Wires estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.

Thermoplastic Elastomer, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$1.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Thermoplastic Polyurethane segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $651.9 Million, While China is Forecast to Grow at 7.9% CAGR

The ECG Cable and ECG Lead Wires market in the U.S. is estimated at US$651.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$298.5 Million by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$249.1 Million by the year 2030.

Select Competitors (Total 97 Featured) -

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health Inc.
  • Conmed Corporation
  • Curbell Medical Products, Inc.
  • Dragerwerk Ag & Co. KgaA
  • General Electric Company
  • Koninklijke Philips N.V.
  • Mindray Medical International Limited
  • SPACELABS HEALTHCARE
  • Schiller Americas Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • Significance of Electrocardiography in COVID-19 Management to Support Market Growth
  • ECG Machines Help Doctors Identify COVID-19 Patients at Risk of Heart Complications
  • Competitive Scenario
  • ECG Cable and ECG Lead Wires - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Global Market Prospects & Outlook
  • With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Disposable ECG Cables and Lead Wires to Boost Long-term Growth
  • Developing Economies to Spearhead Long-term Growth
  • Electrocardiography: A Prelude
  • An Introduction to ECG Cable and ECG Lead Wires
  • Electrocardiographic (ECG) Leads
  • Electrodes and Leads in ECGs
  • Lead Fail Detection
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Healthy Growth of Electrocardiography Systems Market Promises Growth for ECG Cables and Lead Wires Market
  • Global ECG Device Market Size (in US$ Billion) for the Years 2020, 2022, 2024 & 2026
  • Growing Prevalence of Cardiovascular Diseases to Fuel Demand for ECG Cables and Lead Wires
  • Types of Cardiovascular Diseases (CVDs)
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Hypertension Prevalence (%) Worldwide by Region in Male and Females Aged 25+ Years
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Expanding Elderly Population Susceptible to Cardiovascular Diseases Drive Need for ECG Cable and Lead Wires
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Life Expectancy at Age 60 and 80 Years: (2010-2015), (2020-2025) & (2045-2050)
  • Risk of Coronary Artery Disease in Obesity Presents Prospects for ECG Monitoring Devices & Accessories
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • High Threat of Cross-Contamination Amidst COVID-19 Outbreak Turns Focus onto Disposable ECG Cables and Lead Wires
  • Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost by Infection Type
  • Disposable ECG Cables and Lead Wires Market: High Growth Prospects
  • COVID-19 Pandemic Drives Strong Preference for Disposable ECG Leads
  • Technological Advancements and Innovations to Boost Market Prospects
  • Study Proposes All-ECG with 12-Lead ECG Tracking
  • Listening to Heart and Measuring ECG Remotely
  • ISO/IEC Focus on Development of New Standard for ECG Medical Equipment
  • Wearable ECG Technology Threatens Conventional ECG Monitoring, Affecting Lead Wires and Cables Market
  • Consistent Rise in Healthcare Spending Worldwide to Drive Market Opportunities
  • World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
  • Elderly Healthcare Expenditure as a % of GDP in the US, Europe and Japan for 1970, 2010 and 2050
  • Key Challenges in ECG Technology and Design
  • ECG Lead Positioning Errors Disrupt Management and Stratification Efforts for Cardiac Patients

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/onxi0z

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SOURCE Research and Markets

First published on Fri, Jun 30, 2023

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