Global Disposable
lead wires Market report delivers future
development strategies, key companies, Possibility of competition, major
challenges analysis. The reports elaborate the expansion rate of the Disposable
lead wires market supported the highest company profile analysis. This report
providing an in-depth analysis, market size, and evaluation for the developing
segment among the Disposable lead wires market. Disposable lead wires Market
report will help you take expert decisions, recognize opportunities, plan
effective professional tactics, plan new schemes, analyse drivers and restraints
and give you a vision on the Disposable lead wires Market forecast.
Industry Insights
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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Key Questions Answered
·
What are the sales or revenue produced
by Disposable lead wires products beyond all sectors during the forecast
period?
·
What are the key trends in the Disposable
lead wires market?
·
What are the leading drivers, limitations,
and probabilities in the industry?
·
Which segment will gain the
highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
·
In which region the Disposable
lead wires market to project lucrative CAGR during the forecast period?
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.
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 & hospital-acquired 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.
Know
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