The global disposable lead wires market size is expected to reach USD 1.7 billion by 2030, registering a CAGR of 6.6% from 2023 to 2030, according to a new study by Grand View Research, Inc. Rising incidence of hospital-acquired infections (HAIs) is the key driving factor for the market growth. The reusable lead wires are the major cause of hospital-acquired bloodstream infections. The use of disposable lead wires eliminates the risk of cross-contamination. In addition, it reduces the cost associated with HAIs. The aforementioned benefits are presumed to boost the usage rates over the forecast period.
As per the data published by the University of Wisconsin Hospital and Clinics, Madison, more than 77% of cases of contamination with Multidrug-Resistant Bacterial Pathogens (MRSA, Vancomycin-Resistant Enterococci (VRE) were connected with the use of reusable ECG lead wires in hospitalized patients.
Disposable Lead Wires Market Report Highlights
- Thermoplastic Elastomer (TPE) is expected to witness lucrative growth during the forecast period, owing to the rising adoption to reduce infection rates in healthcare facilities
- The advantages of TPE over other materials like PVC and rubber latex such as providing better flexibility, ease of processing enabling high performance in a variety of applications
- The demand for the 5-lead machine type is expected to increase in coming years owing to the surge in demand for cost-effective equipment in critical care settings
- Ambulatory care centers are presumed to witness exponential growth throughout the forecast period. This can be attributed to the rising significance of disposable LWs inpatient monitoring
- North America accounted for the largest share in the market for disposable lead wires, owing to the rising mortality rates pertaining to heart diseases
- The Asia Pacific is anticipated to witness lucrative growth as a result of unmet patient needs, rising healthcare expenditure, and the establishment of major global players is expected to drive segment growth during the forecast period
- The key players are involved in strategic alliances to sustain the competition, such as mergers & acquisitions, strategic partnerships, and geographic expansion
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According to World Health Organization (WHO), 7 out of every 100 hospitalized patients will develop hospital-acquired infections in developed countries, whereas, the number will increase to 10 in developing countries due to poor healthcare infrastructure. The rate of ICU-acquired infections is at least 2-3 times higher in developing countries. Hence, significant demand for these products prevails due to such factors.
Moreover, the rising number of government initiatives to promote the incorporation of patient safety procedures in hospital settings is presumed to drive the overall market growth during the forecast period. Furthermore, an introduction of technologically advanced disposable LWs is anticipated to drive the market growth during the forecast period. For instance, advanced disposable ECG-LWs with patented push-button design have superior capabilities in reducing alarms that are created by a failure of leads and the absence of telemetry. These above-mentioned factors are anticipated to fuel the market growth.
List of Major Companies in the Disposable Lead Wires Market
- 3M
- BD
- Mindray
- Schiller AG
- Carlisle Medical Technologies
- OSI Systems, Inc.
- CONMED
- Hill-Rom Services, Inc.
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We have segmented the global disposable lead wires market based on material, machine type, end-use, and region.
Disposable Lead Wires Material Outlook (Revenue, USD Million, 2018 – 2030)
- TPE
- TPU
- Others
Disposable Lead Wires Machine Type Outlook (Revenue, USD Million, 2018 – 2030)
- 3 Lead
- 5 Lead
- Others
Disposable Lead Wires End-use Outlook (Revenue, USD Million, 2018 – 2030)
- Hospitals
- Clinics
- Long Term Facilities
- Ambulatory & Home Care
Disposable Lead Wires Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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