ECG Cable and ECG Lead Wires Market: The report provides a valuable source of insightful data for business strategists and competitive analysis of ECG Cable and ECG Lead Wires Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.
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The four-wire ECG cable is an electronic circuit design feature that provides a connection between the heart rate and the ECG. Although it is not a simple circuit to make, it has very important and advantageous characteristics. The ECG itself has no connection with the human body, so it is basically a medical device. The heartbeat monitors are attached to the body by the use of a lead. The lead is connected to a clip or transmitter, which is in turn connected to the ECG. It sends signals to the ECG, which then sends signals to a recording device. The ECG lead wires have a small degree of flex, and it is in this flex that the ECG can pick up the signals. These lead wires are made out of a flexible metal, which makes it easy for the ECG to pick up the signals. Many people think that having this flexibility makes the lead wires much weaker than the other ECG wires.
Market Dynamics- Driver & Restraint
Increasing prevalence of cardiovascular diseases is expected to drive growth of the global ECG cable and ECG wires market during the forecast period. According to the World Health Organization (WHO), around 17.9 million people die each year from cardiovascular disease worldwide. According to the Centers for Disease Control and Prevention (CDC), around 655,000 people in the U.S. die from heart disease each year, which is 1 in every 4 deaths. ECG cables are typically used to assess the heart rate and rhythm can often detect heart disease.
High cost associated with disposable cables and disruptive innovations is expected to restrain growth of the ECG cable and ECG lead wires market during the forecast period.
COVID-19 Impact Analysis
Electrocardiography has played a key role in the COVID-19 pandemic. ECG alterations can show cardiac involvements in patients with COVID-19 including ST changes, QT prolongation, ventricular arrhythmias, and conduction disturbances. Therefore, the demand for electrocardiography devices increased during the coronavirus pandemic. It has also been suggested by medical professionals that patients with cardiac symptoms and ECG changes should be carefully assessed, in order to diagnose COVID-19 related cardiac complications such as myocarditis.
Key Takeaway
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The global ECG cable and ECG lead wires market is expected to witness significant growth, exhibiting a CAGR of XX% during the forecast period. This is owing to rising geriatric population. According to World Health Organization (WHO), the global geriatric population is expected to account for around 22% of the global population by 2050.
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Among regions, North America is expected to witness significant growth in the global ECG cable and ECG lead wires market during the forecast period. This is owing to rising demand for remote monitoring in ECG devices. For instance, in July 2021, Cardiologs, a provider of AI cardiology diagnostics, launched Cardiologs RPM, a novel solution that uses smartwatches for remote cardiac patient monitoring.
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Asia Pacific is expected to register a robust growth rate, owing to the rapidly increasing patient pool and improving healthcare facilities
Top Key Players Include In ECG Cable and ECG Lead Wires Market: Curbell Medical Products, Inc., 3M Company, Medtronic plc, Becton, Mindray Medical International Limited, Dickinson and Company, Koninklijke Philips N.V. and Welch Allyn, Inc
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