(Australia-NewsWire.Com, February 12, 2018 ) According to the report Asia Pacific ECG Cables and ECG Lead wires Market, published by Market Data Forecast, the Market was worth USD 350 million in 2016 and estimated to be growing at a CAGR of 6.55%, to reach USD 480 million by 2021. ECG Cables and ECG Lead wires are made use of in the process of recording an Electrocardiograph, which records the electrical activity of heart by using electrodes which are placed on the skin. The electrodes function by determining the electrical activity through electro-physiologic patterns of muscles in the heart.
In a regularly found Electrocardiograph, there are 12-lead ECG’s and 10 electrodes. These electrodes are placed above their chest and on the limbs. The ECG of a person recorded can be used to interpret properties of their heart such as position and size of heart chambers, presence of any damage to heart muscles, rhythm and rate of heart beats and the effect of cardiac drugs if any. Clinically, an ECG is recorded if there are signs such as seizures, pain in the chest, fainting, cardiac murmur, heart attack and shortness of breath.
The driving factors of Asia-Pacific ECG Cables and ECG Lead wires market are growing technological advancements, favouring regulatory policies in the favour of electrocardiographs, rising incidence of cardiovascular diseases and increasing geriatric population. The trend of strategic mergers and acquisitions is also driving the growth of this market.
The Asia-Pacific 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 Asia-Pacific ECG Cables and ECG Lead wires market is divided based on geography into India, China, Australia, South Korea and other parts in the region. Asia-Pacific market is expected to be the fastest growing in the world and expected to have the third largest share followed by North America and Europe. Factors such as rising geriatric population and increasing incidence of cardiovascular diseases is expected to drive the growth of this market 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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Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
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