San Francisco, California, March 16, 2018: The drive for disposable lead wires stems from the intensifying need for avoiding hospital-acquired infections caused by antibiotic-resistant bacteria, essentially on account of reusable electrocardiography wires. The rise in worldwide populations infected by cross-contamination caused by these resistant bacteria has precipitated the need for a potential pathways for eliminating these infections. This is a primary factor bolstering the demand for disposable lead wires.
A new report penned by TMR Research, titled, “Disposable Lead Wires Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017–2025,” sheds lights on many such factors and critical trends impacting the growth of the market over the forecast period from 2017 to 2025. The rising use of ECG disposable lead wires in various healthcare settings in avoiding infections in blood stream during the treatment of cardiovascular diseases (CVD) is a notable factor boosting the market.
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The significant role played by antibiotic-resistant microbes in cross-contamination has fortified the demand for disposable electrocardiography lead wires in healthcare facilities. The rising usage of these wires in critical care settings in various parts of the world is a noteworthy trend accentuating the market. Antibiotic-resistant microbes have a significant bearing on lengthening hospital stays, increasing the morbidity, and adversely affect the hospital economics.
The rise in elderly populations in numerous developing and developed nations has augmented the risk of CVD, which is in turn in impelling the demand for disposal lead wires in healthcare settings.
Regionally, North America is anticipated to hold a prominent position in the global market. The rising mortality and morbidity associated with CVD among the populations in the region is propelling the demand for disposal lead wires. The growth of the regional market is also fueled by marked presence of local players and robust healthcare spending in its key economies.
Several players are focused on launching on cost-effective, sustainable solutions, in a move to gain a competitive edge over others. To this end, they are toying with different innovative pricing strategies. A number of players are also aiming at strategic alliances to gain a stronghold in the global disposable lead wires market.