ECG Cables and Lead Wires Market Research Report: Information by Type (12-Lead ECG Lead Wires, 6-Lead ECG Lead Wires, 5-Lead ECG Lead Wires, 3-Lead ECG Lead Wires, Single-lead ECG, and Others), By Material (Thermoplastic Elastomer, Thermoplastic Polyurethane, and Others), By Usability (Reusable and Disposable), and By End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2030

ECG Cables and Lead Wires Market Overview

The global ECG cables and lead wires market size is projected to be worth USD 3.17 billion by 2030, registering a CAGR of 6.8% during the forecast period (2022 - 2030). Electrocardiogram cables and lead wires are used in the electrocardiogram, which is used in monitoring and diagnosing heart disease as well as in the electrocardiography procedure. These cables and lead wires have electrodes and transfer electrical pulses to test for electrode-related testing, ultrasound testing, and medical imaging. The factors that influence the market's growth are the increasing incidences of cardiovascular diseases and the technological advancements in ECG with cables and lead wires. Moreover, the untapped emerging market is further expected to provide lucrative market growth opportunities. However, the high risk of cross-contamination from ECG cables and lead wires further retards the market's growth.

COVID-19 Analysis

The supply chain in the ECG cable and lead wire market is important to meeting customer demands. The COVID-19 had an impact on the healthcare industry, as many countries rely on other countries for raw materials and technology. Raw materials needed to manufacture ECG cable and lead wire—tinned copper, silvered copper, tinned/silvered tinsel, or carbon fiber—were in short supply during the initial first and second waves of COVID-19.

However, COVID-19 had influenced several cardiovascular diseases such as myocardial injury, arrhythmia, acute coronary syndrome, and venous thromboembolism. COVID-19 causes inflammation and a condition called "cytokine release syndrome." The excessive inflammation disrupted the cardiovascular system and further influenced several CVD diseases such as arrhythmia, blood clots, myocarditis, and pericarditis. Hence, the increasing number of cardiovascular diseases increases the demand for ECG, further fueling the overall market's growth.

ECG Cables Lead Wires Market Dynamics

Drivers

• 
  Increasing incidences of cardiovascular diseases
  
  
  
  • Cardiovascular diseases are the leading cause of premature deaths and disabilities. Several factors influence cardiovascular diseases, including lack of physical activity, a sedentary lifestyle, smoking, diabetes, and obesity. Further, in 2019, it has been estimated that approximately 17.9 million people died from CVD. Hence, increasing CVD incidences increase the demand for ECG cables and lead wires, further propelling the ECG cables and lead wires market growth.
  
  
  
  


• Technological advancements in ECG with cables and lead wires

Market Restraints

• 
  High risk of cross-contamination from ECG cables and lead wires
  
  
  
  • Healthcare-associated infections (HAIs) occur in healthcare facilities and affect hundreds of millions of patients worldwide each year. ECG lead wires and cables are common medical devices that come into direct contact with the patient’s skin. The contamination of reusable ECG lead wires is common. The ECG cables and lead wires are always attached to the skin in the intensive care unit (ICU). As per the research, gram-positive bacteria such as coagulase-negative staphylococci and aerobic spore-forming bacteria are mostly found on the skin area where wires and lead wires are located.
  
  
  • Moreover, the presence of bacteria is also associated with the environment. ECG lead wires have a higher percentage in the emergency department (ED) than in the operating room and ICU. Moreover, in the neonatal ICU, the 90% of bacteria growth is due to ECG lead wires and cables. Hence, the high cross-contamination put patients' health at risk, which further retarded the growth of the lead wires and cables.
  
  
  
  

Market Opportunities

• 
  Untapped emerging economies
  
  
  
  • Emerging economies provide lucrative market growth opportunities. This is due to the increasing population, specifically the geriatric population. As per the Department of Economic and Social Affairs Population Division of the United Nations, in 2019, one in eleven older people aged up to 65 were living across the globe. Moreover, by 2050, one in six people will be 65 or older. The population's rapid urbanization and unhealthy lifestyle create lucrative market growth opportunities.
  
  
  • In addition, in 2019, according to the World Heart Federation, more than 1 million deaths were expected owing to CVD in sub-Saharan Africa. Furthermore, improving healthcare infrastructure in developing regions increases the likelihood that such devices will be used consistently. Hence, improving healthcare infrastructure, rising geriatric population, and increasing CVD prevalence among the older population in developing countries are further projected to create market opportunities.
  
  
  
  

Value Chain Analysis

The global ECG cables and lead wires market is projected to exhibit significant growth over the forecast period, which can be attributed to factors like the rising geriatric population and increasing cardiac surgical procedures. The value chain analysis for the market comprises five major components, which start with research and product development, followed by the manufacturing of the products, distribution, and sales, and end with post-marketing surveillance.

ECG Cables Lead Wires Market Segmental Outlook

Type Insights

12-Lead ECG Lead Wires

The 12 leadwires provide 12 views of the heart through consistently using the five electrodes. It provides outstanding information about several cardiac abnormalities. The abnormalities include cardiac arrhythmia and acute myocardial infarction. This 12-lead ECG have features such as sensitivity, specificity, and feasibility.

5-Lead ECG Lead Wires

The 5-lead ECG provides deep, detailed information and is mostly used for routine monitoring. This leadwire is used for continuous cardiac monitoring and is harmless if it stays on patients for a long time. This lead is important for fast and efficient admission.

3-Lead ECG Lead Wires

The 3-lead ECG monitors provide different views of the heart’s electrical activity. It is the oldest and simplest of all cardiac-monitoring lead systems. The primary aim of 3-leadwire is bipolar monitoring to track heart rate, detect R waves for synchronized cardioversion, and detect ventricular fibrillation.

6-Lead ECG Lead Wires

The 6-lead is an augmented lead and is used to detect several diseases. The diseases include atrial fibrillation (AFib), bradycardia, tachycardia, and arrhythmia. These are available in both disposable and reusable forms in the ECG cables and lead wires market.

Single-lead ECG

The single-lead ECG wire is generally developed to reduce the risk of cross-contamination between patients and nurses. These are used for basic heart monitoring, checking for various arrhythmias, and for simple educational or research purposes. Single-lead ECGs are being used more and more in preclinical and clinical settings to detect and monitor a variety of rhythmic and conduction disorders.

Others

Other types include 15- leadwire ECG and 18-leadwire ECG. The 15-lead contributes to faster and more accurate diagnosis in the ED, and the 18-lead is used in abnormalities, e.g., acute myocardial infarction.

Material Insights

Thermoplastic Elastomer

Thermoplastic elastomers provide durability, flexibility, and provides hardness to the ECG cable and lead wire. This is the most widely used material to manufacture disposable lead wire because it provides features such as higher insulation and cost efficiency.

Thermoplastic Polyurethane

Thermoplastic polyurethane provides durability to the ECG cable and lead wires, provides accurate measurement in extreme environments.  This material-based lead wire and cables are used in most rugged mechanical demands. This material-based lead wire and cable are comparable to thermoplastic elastomer and can be recycled.

Others

Other materials include the following: silicon and polyvinyl chloride (PVC). The PVC-based ECG cable and lead wire are efficient, provide accurate results for diagnosis, and are also reusable.

Usability Insights

Reusable

Reusable lead wires and cables increase patient data transfer efficiency. These reusable lead wires are fast and easy to apply. Reusable lead wire and cables provide opportunities to increase the usability of products and provide a better user experience.

Disposable

The disposable ECG cable and lead wires eliminate the risk of infection. The adoption of disposable ECG cables and lead wires decreases cross-contamination in acute healthcare facilities. Further, as per the research disposable are more beneficial in postoperative pediatric cardiac surgery patients.

By End User

Hospitals & Clinics

The electrocardiogram is a popular measurement tool to assess and diagnose CVDs. Furthermore, the hospitals & clinics use ECG equipment widely in order to fulfil the monitoring requirements during emergency situations. As the prevalence of CVDs has increased over the past two decades and the rising population with unhealthy eating habits may lead to severe CVDs, this further supports segment growth. Moreover, routine heart rate monitoring and immediate heartbeat detection are primary concerns in hospitals. As well as various computational settings in terms of processing frequencies and monitoring schemes further increases the demand of ECG, hence fuel segment growth.

Ambulatory Surgical Centers

Ambulatory surgical centers (ASCs) have emerged worldwide as high-quality, cost-effective alternatives to inpatient surgical services. There are several heart surgeries performed in ASC which require ECG 24x7. Cardiac surgeries such as coronary artery bypass grafting (CABG), heart valve repair or replacement, insertion of a pacemaker or an implantable cardioverter defibrillator (ICD), and a heart transplant are mostly performed in ASCs.

Others

Other end users include home care settings and specialty cardiac centers. ECG is widely used at home care setting to track heart rhythm and heart rate specially in atrial fibrillation. Specialized cardiac centers include cardiac arrest receiving centers, and cardiac resuscitation centers.

ECG Cables Lead Wires Market Regional Insights

The ECG cables and lead wires market based on the region has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

North America

The increasing incidences of cardiovascular diseases and growth stratagems are attributed to fuel the market growth in the region.

The North America region is projected to show the highest CAGR during the forecast period. This is due to several factors, including the increasing prevalence of CVDs and strategic alliances among regional market players. In October 2022, as per the Centers for Disease Control and Prevention, 805,000 people have heart attacks in the US every year. Furthermore, the companies launch products to meet the needs of patients and physicians such as detailed rhythm information. For instance, in May 2019, AliveCor (US) received US Food and Drug Administration clearance for the KardiaMobile 6-leadwire personal electrocardiogram (ECG) device. Therefore, the increasing prevalence of CVDs and strategic initiatives support market growth in the region.

ECG Cables Lead Wires Market Competitive Outlook

Market players are improving business through planning and adopting new strategies to increase their market presence. Moreover, they are adopting several strategic initiatives with regard to ECG cables and lead wires, such as new product launches, contractual agreements, mergers, and acquisitions, increasing investments, and partnerships among players are aiding to expand the ECG cables and lead wires field across the globe.

HeartBeam, Inc. (US) is one of the key market players, founded in 2015. Its medical technology focusing on telemedicine solutions that enable the detection and monitoring of cardiac disease. It is specialized in heart health and cardiac diagnostic solutions. In September 2022, HeartBeam, Inc. launched a 12-lead electrocardiogram (ECG) patch monitor. This 12-lead ECG was developed to diagnose acute coronary syndrome (ACS) and cardiac arrhythmias.

List of companies covered in this report:

• HeartBeam, Inc. (US)


• AliveCor (US)


• QT Medical (US)


• GE Healthcare (US)


• OSI Systems (US),


• Becton, Dickinson and Company (US)


• Cardinal Healthcare (US)


• Boston Scientific Corporation (US)


• CONMED Corporation (US)


• Siemens Healthineers AG (Germany)

Recent Developments

• In April 2022, Spacelabs Healthcare (US), a division of OSI Systems (US), launched the Eclipse Pro product. The Eclipse Pro provides several benefits, such as a versatile choice for screening, arrhythmia, pacemaker detection, and 12-lead ECG. This can also be switched to a 3-lead ECG and recorded for up to 14 days.


• In March 2022, GE Healthcare (US) partnered with AliveCor (US) to deliver AliveCor’s 6-lead electrocardiograms (ECGs) for the KardiaMobile 6L ECG device. This partnership primarily focuses on increasing convenience for patients and reducing cardiac-related hospitalizations through improved quality and the integration of patient data.


• In February 2021, QT Medical (US), launched its Xpress ECG service, the world’s first 12-lead ECG home test. This launch was aimed to reducing the risk of COVID-19 exposure. Moreover, this service is used by both professionals and patients.

Report Overview

The study covers the existing short-term and long-term market effects. It helps decision-makers to draw up short-term and long-term business plans by region. The report covers major regions in North America, Europe, Asia-Pacific, and the rest of the world. The report analyses market drivers, restraints, opportunities, challenges, Porter's five forces, value chain, and impact of COVID-19 on the market.

Study Objectives

• To provide a detailed analysis of the market structure and forecast for the various segments of the ECG cables and lead wires market over the next eight years.


• To provide insights about factors affecting the market's growth.


• To analyzes the ECG cables and lead wires market based on numerous factors such as price analysis, supply chain analysis, Porter's five force analysis, etc.


• To provide historical and forecast revenues of the market segments and sub-segments concerning four main geographies and their countries: North America, Europe, Asia-Pacific, and the Rest of the World.


• To provide a country-level market analysis for the current market size and prospects.


• To provide a country-level analysis of the market for segments by type, material, usability, and end-user.


• To provide strategic profiling of key players in the market, comprehensively analyze their core competencies, and draw a competitive market landscape.


• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and R&D in the ECG cables and lead wires market.

Segmental Overview:

Global ECG cables and lead wires market, By Type

• 12-Lead ECG Lead Wires


• 6-Lead ECG Lead Wires


• 5-Lead ECG Lead Wires


• 3-Lead ECG Lead Wires


• Single-lead ECG


• Others

Global ECG cables and lead wires market, By Material

• Thermoplastic Elastomer


• Thermoplastic Polyurethane


• Others

Global ECG cables and lead wires market, By Usability

• Reusable


• Disposable

Global ECG cables and lead wires market, By End User

• Hospitals & Clinics


• Ambulatory Surgical Centers


• Others

Global ECG cables and lead wires market, By Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Intended Audience:

• ECG Cables And Lead Wires Product Manufacturers and Suppliers


• Research and Development (R&D) Companies


• Healthcare Providers


• Government & Independent Research Laboratories


• Government and Independent Regulatory Authorities


• Market Research and Consulting Service Providers


• Academic Institutes and Universities