The global disposable
lead wires market is expected to reach USD 999.4 million by 2025,
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 the hospital-acquired
bloodstream infections. Use of disposable lead wires eliminates the risk of
cross-contamination. In addition, it reduces the cost associated with the HAIs.
The aforementioned benefits are presumed to boost the usage rates over the forecast
period.
Moreover, 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 over 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
absence of telemetry. These above-mentioned factors are anticipated to fuel the
market growth.
Browse full research report on Disposable Lead Wires Market: https://www.grandviewresearch.com/industry-analysis/disposable-lead-wires-market
Further
Key Findings From The Study Suggest:
- Thermoplastic Elastomer (TPE) is expected to witness lucrative
growth over 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 enables
high performance in a variety of application
- The demand of 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 an exponential
growth throughout the forecast period. This can be attributed to the
rising significance of disposable LWs in patient monitoring
- North America accounted for the largest share of disposable lead
wires market owing to the rising mortality rates pertaining to heart
diseases
- Asia Pacific anticipated to witness lucrative growth as a result of
unmet patient needs, rising healthcare expenditure and establishment by
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 merger & acquisitions, strategic partnerships,
and geographic expansion
- For instance, in February 2016, the company announced acquisition
of Bellco from private equity firm Charme Capital Partners in a probe to
business expansion
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the disposable lead wires market on the basis of
material, machine type, end-use, and region:
Disposable
Lead Wires Material Outlook (Revenue, USD Million, 2014 - 2025)
- TPE
- TPU
- Others
Disposable
Lead Wires Machine Type Outlook (Revenue, USD Million, 2014 - 2025)
- 3 Lead
- 5 Lead
- Others
Disposable
Lead Wires End-Use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- Clinics
- Long Term
Facilities
- Ambulatory
& Home Care Settings
Disposable
Lead Wires Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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