Latin America ECG Cables and ECG Lead wires Market Size to reach USD 180 million by 2021

According to the report Latin America ECG Cables and ECG Lead wires market, published by Market Data Forecast, the Market was worth USD 130 million in 2016 and estimated to be growing at a CAGR of 5.9%, to reach USD 180 million by 2021. ECG Cables and ECG Lead wires are used in the process of recording an Electrocardiograph, which is done by recording the electrical activity of heart by using electrodes placed on the skin. The electrodes work by deciphering the electrical activity through electro-physiologic patterns of heart muscles.

In a regularly found Electrocardiograph, there are 12-lead ECG’s and 10 electrodes which are placed above their chest and limbs. The ECG of a person recorded can be used to decode properties of their heart such as presence of any damage to heart muscles, rhythm and rate of heart beats, position and size of heart chambers and the effect of cardiac drugs if any. Clinically, an ECG is recorded if there are signs such as shortness of breath, seizures, pain in the chest, fainting, cardiac murmur and heart attack.

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The driving factors of Latin America ECG Cables and ECG Lead wires market are favouring regulatory policies in the favour of electrocardiographs, rising incidence of cardiovascular diseases, growing technological advancements and increasing geriatric population. The recent pattern of strategic mergers and acquisitions is also propelling the growth of this market.

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The Latin America ECG Cables and ECG Lead wires market is divided on the basis of usability into reusable and disposable segments. By materials, the market is categorised into TPE (Thermoplastic elastomer), TPU (Thermoplastic polyurethane) and others (Silicone, PVC). Based on lead wires by type, the market is divided into single-lead ECG leadwire, 3-lead ECG leadwire, 5- lead ECG leadwire, 6- lead ECG leadwire, 12- lead ECG leadwire and other leadwires (15- and 18- lead ECG leadwires). 12-lead ECG leadwire segment is expected to have the largest market share. On the basis of patient care setting, the market is divided into hospitals, long term care facilities, clinics and ambulatory and homecare.

The Latin America ECG Cables and ECG Lead wires market is divided based on geography into Brazil, Argentina, Chile and other parts in the region. Latin America market is still expected to be in its nascent stages. Factors such as increasing incidence of cardiovascular diseases and rising geriatric population is expected to drive the growth of this market in the region.

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Some of the major players in the market include 3M Company (U.S.), Becton, Dickinson and Company (U.S.), Welch Allyn, Inc. (U.S.), CONMED Corporation (U.S.), OSI Systems, Inc. (U.S.), SCHILLER AG (Switzerland), Medtronic plc (Ireland), Koninklijke Philips N.V. (The Netherlands), Mindray Medical International Limited (China), Curbell Medical Products, Inc. (U.S.).

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