The global disposable lead wires market size was valued at USD 1.02 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 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 includes disposable LWs during the forecast period.
In addition, increasing healthcare-associated infections is one of the key factor 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 attributedto the market growth in the coming years.
In 2022, Thermoplastic Elastomer (TPE) dominated the material segment with a market share of 46.75%. The substantial share can be attributed to the benefits associated include 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 6.6% compound annual growth rate (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.
Hospital segment dominated the market with 36.21% of market share in 2022. 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% compound annual growth rate (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 the clinical settings is high owing to the necessary requirement to maintain a hygienic and non-contaminated environment.
Others segment which include 6, 12, 15, and 18 lead of machine type accounted for a large share of 45.25% in 2022. 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 7.0% during the forecast period. The above mentioned is presumed to be a consequence of consistent usage in cardiology and patient monitoring systems in the future.
North America dominated the market with a market revenue share of 39.73% in 2022 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 are 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 7.8% during the forecast period owing to rising disposable income and increasing prevalence of cardiovascular disorders & hospital-acquired infections (HAIs).
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 global disposable lead wires market include:
Carlisle Medical Technologies
OSI Systems, Inc.
Hill-Rom Services, Inc.
Market size value in 2023
USD 1.09 billion
Revenue forecast in 2030
USD 1.7 billion
CAGR of 6.6% from 2023 to 2030
Base year for estimation
Actual estimates/Historic data
2018 - 2021
2023 - 2030
Revenue in USD million and CAGR from 2023 to 2030
Material, machine type, end-use, region
North America; Europe; Asia Pacific; Latin America; MEA
U.S., Canada; UK; Germany; Japan; China; Brazil; Mexico; South Africa; Saudi Arabia
Key companies profiled
3M; BD; Mindray; Schiller AG; Carlisle Medical Technologies; OSI Systems, Inc.; CONMED; Hill-Rom Services, Inc.
Revenue forecast, company share, competitive landscape, growth factors, and trends
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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:
Disposable Lead Wires Material Outlook (Revenue, USD Million, 2018 - 2030)
Disposable Lead Wires Machine Type Outlook (Revenue, USD Million, 2018 - 2030)
Disposable Lead Wires End-use Outlook (Revenue, USD Million, 2018 - 2030)
Long Term Facilities
Ambulatory & Home Care
Regional Outlook (Revenue, USD Million, 2018 - 2030)
b. The global disposable lead wires market size was estimated at USD 1.02 billion in 2022 and is expected to reach USD 1.09 billion in 2023.
b. The global disposable lead wires market is expected to grow at a compound annual growth rate of 6.6% from 2023 to 2030 to reach USD 1.7 billion by 2030.
b. North America dominated the disposable lead wires market with a share of 40.1% in 2022. This is attributable to increasing mortality resulting from heart disorders and rising healthcare expenditure in countries like the U.S.
b. Some 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.
b. Key factors that are driving the disposable lead wires market growth include increasing incidence of cardiovascular diseases, rising incidence of hospital-acquired infections, and technological advancement.
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