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.
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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