Fact.MR – A Market Research and Competitive Intelligence Provider: In its latest report, Fact.MR has projected the demand for cables and leads to rise at a steady pace in the medical equipment market, reaching a valuation of US$ 6 Bn in 2031.
Cables and Leads Sales for Medical Equipment to total US$ 6 Bn, Application in ECG Equipment to account for Maximum Demand
The latest Fact.MR market survey offers insights into cables and leads for medical equipment demand outlook in terms of product, application, and end user. It also studies key strategies adopted by vendors to increase sales in cables and leads for medical equipment market.
Fact.MR – A Market Research and Competitive Intelligence Provider: In its latest report, Fact.MR has projected the demand for cables and leads to rise at a steady pace in the medical equipment market, reaching a valuation of US$ 6 Bn in 2031.
Rising prevalence of cardiovascular diseases across the globe has propelled the demand for ECG equipment and pacemakers. With rising demand for defibrillators and electrocardiography (ECG), sales of cables and leads for medical equipment are expected to rise.
Increasing research and development activities aimed at developing newer and innovative advanced medical equipment have aided overall growth of the market. As per Fact.MR, ECG equipment segment is expected to exceed the valuation of US$ 2 Bn by 2031.
Concerns regarding infection control and transmission during the procedures have improved the adoption of disposable cables and leads for medical equipment. This, in turn, strengthening growth opportunities for the market.
Healthcare expenditure is increasing at a rapid pace and so is the demand for advanced solutions. This, coupled with increasing incidence of chronic ailments will seal the dominance of the U.S. in North America market.
Besides this, China is expected to emerge as a leading market in East Asia. It is expected to account for sales totaling US$ 1.3 Bn by 2031. Increasing number of hospitals and consequent demand for advanced healthcare facilities will bode well for the China market for cables and leads in the coming years.
“Increasing demand for newer and innovative monitoring devices is accelerating cables and leads sales for medical equipment. However, rising adoption of wireless medical equipment might create challenge for market players. Hence, key players are increasing their research to develop innovative disposable cables and leads for medical equipment, widening future growth prospects,” said a Fact.MR analyst.
For More Information On How To Improve Your Cables and Leads for Medical Equipment Market Footprint, Request A Sample Here
https://www.factmr.com/connectus/sample?flag=S&rep_id=5418
Key Takeaways from Cables and Leads for Medical Equipment Market Research Report:
- In terms of application, ECG equipment is expected to hold the largest market share during the forecast period
- Defibrillators segment is expected to exhibit fastest growth over the forecast period owing to the increasing prevalence of cardiovascular diseases
- Hospitals are expected to be the primary end-users for cables and leads for medical equipment market
- Increasing prevalence of cardiovascular diseases and rising technological advancements in the field of medicine will spur the sales across the U.S.
- Demand for cables and leads for medical equipment are set to reach a valuation of US$ 1.3 Bn by 2031-end
- Pacemakers are projected to exhibit demand at over 2.9% CAGR in the upcoming decade
- Canada’s cables and leads for medical equipment is poised to expand at 3% CAGR over the next ten years.
- Japan will exhibit sluggish growth at 1.2% CAGR during 2021 and 2031.
Growth drivers:
- Technological advancements in the ECG cable will be the major factor driving the demand
- Increasing prevalence of cardiovascular disease will propel the demand for ECG and pacemakers, bolstering the growth
- Rising geriatric population and favorable government regulations encouraging the usage of monitoring devices will drive the sales.
Key restraints:
- High cost of disposable cables in ECG monitors is expected to act as a restraint for global cables and leads for medical equipment market
- Growing demand for wireless connectivity have hampered the demand for cables and leads for medical equipment market
Request Methodology Here To Gain Significant Insights on the Cables and Leads for Medical Equipment Market:
https://www.factmr.com/connectus/sample?flag=RM&rep_id=5418
Competitive Landscape
Growing demand for user-friendly and cost-efficient cables and leads for medical equipment have encouraged the leading players to increase the production. Increasing research & development to develop disposable lead wires and cables have created credible growth opportunities for leading manufacturers.
Nikomed USA recently announced the launch of Bio-wire, a non-metallic disposable wire system that can be incinerated without the need for extra-processing or preparation.
Key players operating in the cables and leads for medical equipment market are
- Boston Scientific Corporation
- 3M Company
- Abbott Laboratories
- Cables Unlimited
- ConMed Corporation
- Flexible Wire and Cable, Inc.
- Schiller Americas Inc.
- Curbell Medical Products, Inc.
- Medtronic, Inc.
- Nihon Kohden Corporation
- Sorin Group Cardiac Rhythm Management
- Spacelabs Healthcare, Inc.
- St. Jude Medical, Inc.
- GE Healthcare.
- Others
More Insights on the Cables and Leads for Medical Equipment Market:
Fact.MR offers compelling insights on the global cables and leads for medical equipment market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global cables and leads for medical equipment market with a detailed segmentation on the basis of:
Product:
- Cables
- Leads
Application:
- Pacemakers
- Defibrillators
- EEG
- ECG
End User:
- Hospitals
- Ambulatory Care Centers
- Academic Research Institutes
- Specialty Clinics
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
Key Questions Covered in the Cables and Leads for Medical Equipment Market Report
- The report offers detailed insights into cables and leads for medical equipment demand outlook for 2021-2031
- The market study also highlights projected sales growth for cables and leads for medical equipment market between 2021 and 2031
- Cables and leads for medical equipment market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Cables and leads for medical equipment market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
Explore Fact.MR’s Coverage on the Healthcare Domain
Medical Equipment Maintenance Market - Different factors contribute to this expansion, including an increase in knowledge of medical equipment prevention, an increase in funding for innovative goods and increased sales of retrofitted medical equipment. In the coming decade the global market in medical equipment maintenance will continue to be driven by an increasing awareness of safety and the increasing need for medical equipment.
Medical Gases and Equipment Market - The largest medical gas and equipment market in the world is North America. In the coming years, the growth seen in North America will increase substantially, thanks to the existence of well-established medical and pharmaceutical industries. Fact MR shows that the U.S. health budget will have a higher distribution in the next few years to secure the region’s dominance. Europe is the second largest region in the world market for medical gases and equipment.
Laboratory Andrology Equipment Market - In the global Laboratory Andrology Equipment market, the makers involved in the production of Laboratory Andrology equipment are developing various extending systems to elevate their components of the entire industry. Coordinated efforts are combined between central players, the launch of the new item, the approving of equipment andrology laboratory. The Laboratory Andrology Equipment resolves various elements, opening a broad vista of possibilities for a thriving and increasing industry.
About Fact.MR
Market research and consulting agency with a difference. That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Source: Fact.MR