2021-26 Global ECG cable and lead wire market compound annual growth of 7.5%

According to a report by Markets and Markets, an international market research organization, the global market demand for ECG cables and lead wires is expected to increase from USD 2.1 billion in 2021 to USD 3 billion in 2026, with a compound annual growth rate of 7.5%.

Effective care of cardiovascular disease patients, technological advancements, and implementation of favorable government regulations and increasing geriatric population are major factors contributing to the growth of this market.

The market is largely segmented into electrocardiogram (ECG) lead wires and ECG cables. The ECG lead wire market is divided into 12-lead ECG lead, 5-lead ECG lead, 3-lead ECG lead, 6-lead ECG lead, single-lead ECG lead, and other ECG leads (15-18 leads).

In 2021, 12-lead wires will have the largest share of this market. Much of this segment can be attributed to widespread use by paramedics to diagnose acute myocardial infarction (AMI) and reduce treatment time.

In terms of material, the ECG cable and lead market is segmented into TPE (thermoplastic elastomer), TPU (thermoplastic polyurethane), and other materials (silicone and PVC). The TPE (thermoplastic elastomer) segment will witness the highest growth rate during the forecast period. The majority of the share of this segment can be attributed to higher consistency, durability, shore hardness and flexibility compared to other materials.

The ECG Cables and Leads Market is segmented into Reusable and Disposable Cables and Leads. The reusable cable and lead wire segment will witness the highest growth rate during the forecast period.

Based on the patient care setting, it is divided into hospitals and intensive care units (ICUs), long-term care facilities, clinics, and outpatient and home care centers. The hospital and ICU segments will account for the largest share of ECG cables and lead wires in 2021. A large portion can be attributed to the increased burden of cardiovascular disease, which in turn increases the demand for quality cardiology care.

From a regional market perspective, North America is the largest regional market for the ECG cable and lead wire market. The global ECG cables and lead wires market is segmented into five major regions - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America will hold the largest share of the ECG cables and lead wires market in 2021. The growth in North America can be attributed to a rapidly aging population and rising incidence of cardiovascular disease compared to other regions.