Mar 11, 2021: Industry Insights
The global disposable lead wires market size was worth USD 545.0 million in 2015 and is anticipated to grow at CAGR of 6.3% in coming years. Escalating incidence of cardiovascular diseases resulted into growing adoption of ECG equipment and accessories thereby fueling the demand for ECG lead wires (LWs) during the forecast period. Reusable LWs can cause blood stream infections since these LWs are the prime source for proliferating antibiotic resistant bacteria in patients which resulted in shifting of preference toward disposable LWs over the forecast period.
In addition, growing geriatric population base is anticipated to broaden the consumer base as old age people are at higher risk for cardiovascular disorders, which is anticipated to trigger the demand for patient monitoring devices, which consists of disposable LWs in coming years.
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Furthermore, escalating healthcare associated infections is a major contributing factor expected to drive the market growth. As per the study published in the white paper of SunTech Medical Inc., each year 2 million people acquired healthcare associated infections in the U.S. alone and the incidence is expected to grow over the forecast period. The previously mentioned elements are crediting toward the growth in coming years.
Material Insights
In 2015, Thermoplastic Elastomer (TPE) held the dominant share of the material segment. The substantial share is attributing to the associated advantages with its usage including compatibility, high cost efficiency, high insulation properties and stability. The segment is further expected to enlist exponential development during the forecast period as a result of rising adoption and applicability in various applications.
Thermoplastic polyurethanes (TPUs) are a type of TPEs and are long-chain linear polymers having no cross-links. The TPU material provides abrasion resistance, biocompatibility, biostability and low-temperature elasticity, which makes them the best material for manufacturing of LWs. The TPU-based LWs are usually resistant to abrasion, exhibit acid-base resistance, fungus and heat. The previously mentioned benefits with the utilization of TPUs are anticipated to boost the usage rates over the forecast period.
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Machine Insights
Other segments which include 6, 12, 15 and 18 lead of machine type accounted for the substantial share in 2015. This is creditable to persistent adoption as a result of larger preference owing to the related advantages such as ease of use, efficiency and flexibility.
In addition, 5-lead machine type is anticipated to grow at a lucrative growth rate over the forecast period. This is ventured to be an outcome of persistent usage in cardiology and patient monitoring systems in coming years.
End-Use Insights
Hospital segment held a leading position in the market of disposable LWs in 2015. This can be ascribed to their extensive machine varieties of disposable LWs in hospitals. Due to associated advantages with the utilization of disposable LWs and rising prevalence of hospital acquired infections the usage of disposable LWs in hospitals is anticipated to demonstrate an upward shift in near future.
While clinics are expected to show lucrative growth owing to rising demand for remote patient monitoring services and increasing awareness amongst end-users. The benefit of clinics is that they offer physicians’ quick access to the results, speeding the diagnostic process; subsequently, the demand for LWs in the clinical settings is huge due to the necessary requirement to keep up a hygienic and non- contaminated environment.
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Industry InsightsThe global Disposable Lead Wires Market size was worth USD 545.0 million in 2015 and is anticipated to grow at CAGR of 6.3% in coming years.
Reusable LWs can cause blood stream infections since these LWs are the prime source for proliferating antibiotic resistant bacteria in patients which resulted in shifting of preference toward disposable LWs over the forecast period.In addition, growing geriatric population base is anticipated to broaden the consumer base as old age people are at higher risk for cardiovascular disorders, which is anticipated to trigger the demand for patient monitoring devices, which consists of disposable LWs in coming years.Furthermore, escalating healthcare associated infections is a major contributing factor expected to drive the market growth.
The previously mentioned elements are crediting toward the growth in coming years.Material InsightsIn 2015, Thermoplastic Elastomer (TPE) held the dominant share of the material segment.
The segment is further expected to enlist exponential development during the forecast period as a result of rising adoption and applicability in various applications.Thermoplastic polyurethanes (TPUs) are a type of TPEs and are long-chain linear polymers having no cross-links.
The TPU material provides abrasion resistance, biocompatibility, biostability and low-temperature elasticity, which makes them the best material for manufacturing of LWs.
Due to associated advantages with the utilization of disposable LWs and rising prevalence of hospital acquired infections the usage of disposable LWs in hospitals is anticipated to demonstrate an upward shift in near future.While clinics are expected to show lucrative growth owing to rising demand for remote patient monitoring services and increasing awareness amongst end-users.
The global disposable lead wires market size was worth USD 545.0 million in 2015 and is anticipated to grow at CAGR of 6.3% in coming years.
Reusable LWs can cause blood stream infections since these LWs are the prime source for proliferating antibiotic resistant bacteria in patients which resulted in shifting of preference toward disposable LWs over the forecast period.In addition, growing geriatric population base is anticipated to broaden the consumer base as old age people are at higher risk for cardiovascular disorders, which is anticipated to trigger the demand for patient monitoring devices, which consists of disposable LWs in coming years.Furthermore, escalating healthcare associated infections is a major contributing factor expected to drive the market growth.
The previously mentioned elements are crediting toward the growth in coming years.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/disposable-lead-wires-market/request-sampleIn 2015, Thermoplastic Elastomer (TPE) held the dominant share of the material segment.
The segment is further expected to enlist exponential development during the forecast period as a result of rising adoption and applicability in various applications.Thermoplastic polyurethanes (TPUs) are a type of TPEs and are long-chain linear polymers having no cross-links.
The TPU material provides abrasion resistance, biocompatibility, biostability and low-temperature elasticity, which makes them the best material for manufacturing of LWs.
Due to associated advantages with the utilization of disposable LWs and rising prevalence of hospital acquired infections the usage of disposable LWs in hospitals is anticipated to demonstrate an upward shift in near future.While clinics are expected to show lucrative growth owing to rising demand for remote patient monitoring services and increasing awareness amongst end-users.
Global Smart Cards Market is expected to reach USD 15.4 billion by 2025.
The card may be a plastic or metal and can connect to a reader by short-range wireless connectivity like near field communication (NFC) or by direct physical contact.
High demand for online shopping and banking experience, easy access to e-government services, reliable and secure online payments allow consumers to use online payment methods, and rising demand for contactless smart cards are documented as major factors of Smart Cards Market that are estimated to enhance the growth in the years to come.
However, aversion of payment dealers to accept capital-intensive point of sale (POS) terminal machinery and high cost of integrating chip cards are the factors that may restrain overall market in the coming years.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/smart-card-market/request-sample Contactless smart card and contact smart card are the types that could be explored in Smart Cards in the forecast period.
Also, the contactless smart cards sector is estimated to grow at fastest pace in the coming years, as electronic payment systems are speedily swapping carry and cash operations.
