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Electrocardiograph machines are used to measure the electrical activity of a patient’s heart. The electrical activity of the heart is recorded with the help of 12-lead ECGs and 10 electrodes placed on patient’s limbs and surface of the chest. Furthermore, ECG applies to monitor the patient’s emergency situation to obtain quick results of heart’s size, position of heart chambers, the rate of the heart, rhythm, and any damage to heart muscles and effect of cardiac drugs.

According to the World Health Organization (WHO), cardiovascular diseases (CVD) is a number one leading cause of morbidity and mortality worldwide. The data represents high prevalence and incidence of CVD worldwide, which may need advance preventive measures and treatment. Thus, this factor may favor the growth of ECG cable and ECG lead wires market during the forecast period.

Global ECG Cable and ECG Lead Wires Market Taxonomy

On the basis of materials, product type, usability and application, the global ECG cable and ECG lead Wires market is segmented into:

By Materials

  • TPU (Thermoplastic Polyurethane)
  • TPE (Thermoplastic Elastomer)
  • Others (Silicone, PVC)

By Product Type

  • Single-Lead ECG Lead Wire
  • 3-Lead ECG Lead Wire
  • 5-Lead ECG Lead Wire
  • 6-Lead ECG Lead Wire
  • 12- Lead ECG Lead Wire
  • Others

By Usability

  • Reusable
  • Disposable

By End User

  • Hospitals
  • Clinics
  • Ambulatory Services
  • Home-Care

Increasing high prevalence and incidence of cardiovascular associated diseases expects fuel the growth of ECG Cable and ECG Lead Wires Market

According to the World Health Organization (WHO), approximately 17.7 million people died due to CVD in 2015. Moreover, according to the Centers for Disease Control and Prevention (CDC), around 630,000 people in the U.S. die due to heart diseases every year and approximately 366,000 people died due to coronary heart disease (CHD) in 2015.

According to the British Heart Foundation (BHF), in 2014, cardiovascular disease (CVD) is the second leading cause of death in the UK. As per BHF, approximately 69,000 people died due to coronary heart disease (CHD) in 2014. Furthermore, according to European Heart Network, 2017, every year around 3.9 million deaths occur owing to CVD in Europe and approximately 1.8 million deaths in the European Union (EU).

Besides, according to Population Reference Bureau (PRB), in 2016, around 46 million people are aged 65 years and older in the U.S. and it is predicted that, by 2060 this population will be 98 million. High prevalence and incidence of CVD and rising geriatric population is a major driving factor that may boost the growth of ECG Cable and ECG Lead Wires Market.

Revolution of wires to wireless technology in ECG monitoring system may reshape the healthcare delivery in near future

Emerging IoT healthcare technology is transforming the healthcare monitoring system, to reduce the health risks and ensure optimal patient care. In present scenario, wireless monitoring system took over ECG cables and lead wires. For instance, by removing ECG associated multitude wires, Peerbridge Health improved ECG monitoring efficiency by making of wireless electrocardiogram monitor – Peerbridge Cor which was patented in 2012 and cleared by the Food and Drug Administration (FDA) in October 2017. Cor devices have smallest on-body footprint for any wearable monitor which provides wireless multi-channels of ECG by water resistant electrodes for continuous remote monitoring of patient. Such products will transform the demand for ECG cable and lead wires significantly during the forecast period.

The major key players in the global ECG cable and ECG lead wires market include, Curbell Medical Products, Inc., 3M Company, Medtronic plc, Becton, Mindray Medical International Limited, Dickinson and Company, Koninklijke Philips N.V. and Welch Allyn, Inc


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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  • Environmental indicators
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Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users