Disposable lead wires are wires, usually decontaminated after patient use. It reduces risk of cross contamination between patients. It directly connected to the electrode that allows doctors to change the electrode without replacing the entire lead wire set.
The key advantages are included affordability, lower risk of contamination, ease of use, and easy availability.
According to study, “Global Disposable Lead Wires Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global disposable lead wires market are Carlisle Medical Technologies, 3M Company, BD and Company, Conmed Corporation, Mindray Medical International Ltd., Curbell Medical Products Inc., Schiller AG, Medtronic Plc., OSI System Inc., Welch Allyn Inc.. The key companies are frequently focusing on producing low priced products and implement better pricing strategies.
Based on machine type, disposable lead wires market is segmented into 3 lead wires, 5 lead wires and others. Based on materials, market is segmented into Thermoplastic Polyurethane (TPU), Thermoplastic Elastomer (TPE) and others. The TPU material provides some benefits such as biocompatibility, low-temperature elasticity, bio-stability, and abrasion resistance, which makes them the best material for manufacturing of lead wires. Additionally, TPE provides many benefits for instance high cost efficiency, stability, compatibility, and high insulation properties. The segment is projected to register exponential growth owing to its adoption & applicability in a wide range of applications during the forecast period. In addition, based on end-use, market is segmented into clinics, hospitals, long term facilities and ambulatory & home care. Clinics segment holds major share in market due to rise in demand for remote patient monitoring services and growth in awareness amongst end-users. Ambulatory care centers are estimated to witness higher growth rate because of rise in significance of disposable lead wires in patient monitoring during the forecast period.
The disposable lead wires market is driven by rise in prevalence of cardiovascular diseases, followed by increase in incidence of hospital acquired infections (HAIs), rise in usage of Electrocardiography (ECG) equipment & accessories, increase in disposable income, rise in awareness pertaining to associated advantages with the usage of disposable lead wires, growth in technological advancement and increase in demand for disposable devices. However, Lack of reimbursement policies may impact the market. Moreover, rise in number of government initiatives to stimulate the incorporation of patient safety procedures in hospital settings is a key opportunity for market.
Based on geography, the North-American region holds major share in disposable lead wires market owing to growth in mortality & morbidity associated with cardiovascular disease among the populations resulting from heart disorders and rise in expenditure on healthcare in the region. The Asian-Pacific and European regions are projected to witness higher CAGR due to presence of local players, growing geriatric population in numerous developing & developed nations and unmet patient needs over the forecast period. In upcoming years, it is estimated that future of the market will be bright as a result of Introduction of advanced technology for instance different lead systems for accurate patient monitoring during the forecast period.
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Ankur Gupta, Head Marketing & Communications