Disposable Lead Wires Market Size, Share & Trends Analysis Report By Material (TPE, TPU, Silicone, PVC), By Machine Type (3 Lead, 5 Lead, 12 Lead, 6 Lead), By End-use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global disposable lead wires market size was valued at USD 966.7 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. The increasing incidence of cardiovascular diseases resulted in the growing usage of ECG equipment and accessories thereby fueling the demand for ECG lead wires during the forecast period. In addition, the use of reusable lead wires on patients is responsible for the increasing incidence of bloodstream infections as they are the major source of spreading antibiotic-resistant bacteria in the patients.

The COVID-19 pandemic accelerated the demand for disposable wires and cables across the globe. Reusable electrocardiograph (ECG) lead wires can be a source of hazardous cross-contamination as they come into close touch with a patient. Disposable ECG lead wires are an easy way to help decrease cross-contamination and improve patient care. We can expect more companies to introduce disposable leads as a result of broad concerns raised over the COVID-19 pandemic and hospital-acquired infections (HAIs).

Moreover, the growing geriatric population base is expected to widen the consumer base by triggering incidence rates of cardiovascular diseases, which is expected to drive the demand for patient monitoring devices, which include disposable LWs during the forecast period.

In addition, increasing healthcare-associated infections is one of the key factors contributing to the market growth. According to the study published in the white paper of SunTech Medical Inc. every year 2 million people acquired healthcare-associated infections in the U.S. alone and the number is expected to increase during the forecast period. The aforementioned factors are attributed to the market growth in the coming years.

Material Insights

In 2021, Thermoplastic Elastomer (TPE) dominated the material segment with over 46.0% of the market share. The substantial share can be attributed to the benefits associated including high-cost efficiency, compatibility, stability, and high insulation properties. The segment is also anticipated to register exponential growth during the forecast period owing to its adoption and applicability in a wide range of applications.

Thermoplastic polyurethane (TPUs) segment is anticipated to register growth at a 6.6% CAGR during the forecast period. TPU is a class of TPEs and are long-chain linear polymers without cross-links. The TPU material provides biostability, biocompatibility, low-temperature elasticity, and abrasion resistance, which makes them the best material for manufacturing lead wires. The TPU-based lead wires are generally resistant to fungus, heat, and abrasion, and exhibit acid-base resistance. The aforementioned benefits of the use of TPUs are expected to boost the usage rates in upcoming years.

Lead wires made of thermoplastic elastomers (TPEs) outperform PVC-based lead wires. TPEs are more durable and flexible in infection control conditions, whereas polyurethane (PUR) and liquid silicone rubber (LSR) are employed for reusable items since they are more durable and expensive.

End-Use Insights

Hospital segment dominated the market with 36.28% of the market share in 2021. This can be attributed to the wide number of machine types of disposable LWs in hospitals. Owing to associated benefits with the usage of disposable LWs and the rising incidence of hospital-acquired infections, the market is expected to show an upward shift in the coming years.

While clinics are anticipated to show lucrative growth of 6.8% CAGR during the forecast period due to the increasing demand for remote patient monitoring services and rising awareness amongst end-users. The advantage of clinics is that they can provide physicians with quick access to results, expediting the diagnostic process. As a result, the demand for lead wires in clinical settings is high owing to the necessary requirement to maintain a hygienic and non-contaminated environment.

Machine Insights

The material segment which analyses 6, 12, 15, and 18 lead of machine type, held the majority share in 2021 generating around USD 438.0 million in 2021. This is attributed to consistent adoption as a consequence of high preference due to the associated benefits such as ease of use, flexibility, and efficiency.

Furthermore, the 5-lead machine type is expected to grow at a lucrative compound annual growth rate (CAGR) of 7% during the forecast period. The aforementioned is presumed to be a consequence of consistent usage in cardiology and patient monitoring systems in the future.

Regional Insights

North America dominated the market with a market revenue share of 39.92% in 2021 owing to the increasing mortality rates resulting from heart disorders and rising healthcare expenditure in countries like the U.S. Moreover, the presence of major players in the region also contributes to the growth of the market. The largest market for disposable lead wire adapters is hospitals in North America, but as the world focuses on infection control and decreasing cross-contamination, Europe and Asia-Pacific countries are likely to expand the adoption of these technologies.

Carlisle Medical Technologies manufactures high-performance ECG/EKG cables and lead wires for the medical device and healthcare industries, including finished devices and subassemblies with pre-engineered products for peripheral capillary oxygen saturation (SpO2) and electrocardiograph (ECG) equipment, which measures the electrical activity of heartbeats. The company's disposable lead wires are made with fully automated assemblies and standard cable and connection components.

Asia Pacific is expected to gain the highest compound annual growth rate (CAGR) of 8.0%during the forecast period owing to rising disposable income and increasing prevalence of cardiovascular disorders & hospital-acquired infections (HAIs).

Key Companies and Market Share Insights

The market is price sensitive in nature and the players are involved in an intense competition. Industry players are involved in pricing strategies and manufacturing products at comparatively low prices. In addition, the demand for low cost & effective products is increasing from the consumer end. The aforementioned factors are anticipated to keep the competition at a high level. Furthermore, the development of user-friendly, low-cost, and sustainable solutions is expected to keep industry rivalry at a higher level. Some of the prominent key players operating in the disposable lead wires market include:

• 3M

• BD

• Mindray

• Schiller AG

• Carlisle Medical Technologies

• OSI Systems, Inc.

• CONMED

• Hill-Rom Services, Inc.

 Disposable Lead Wires Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. Grand View Research has segmented the global disposable lead wires market report based on material, machine type, end-use, and region:

• Material Outlook (Revenue, USD Million, 2018 - 2030)

  • TPE

  • TPU

  • Others

• 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 Settings

• Regional Outlook (Revenue, USD Million, 2018 - 2030)
  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia