Cables and Leads for Medical Equipment: A Global Strategic Business Report
San Jose, CA (PRWEB) March 6, 2008
Cables and leads are connecting instruments used in medical equipment. These instruments are used especially in cardiac areas of the human body. Demographics play a vital role in the global medical industry. New drug discoveries and advancements in the medical industry are the primary reasons for an increase in the over 70 age group of population. This segment of the global population accounts for a significant consumption of pacemakers and defibrillators.
Market for cables and leads in medical equipment in the United States, is estimated at US$2.3 billion for 2007, as stated by Global Industry Analysts, Inc. Europe represents the second largest and the fastest growing market globally. European market for cables & Leads in medical equipment is projected to grow at compounded annual rate of over 8% during the period 2000-2010. In the United States, market for cables and leads in ECG is projected to be US$916 million by 2010. Global market for cables and leads in defibrillator is expected to register a CAGR of more than 10.5% over the period 2000-2010. Also, as the baby boomer population continues to age, demand for defibrillators and electrocardiography (ECG) as well as for electroencephalography (EEG) and pacemakers would grow. Growing demand for medical devices in turn have increased the demand for cables and leads. Technological developments have increased the capabilities of leads and their lifetime.
The report titled "Cables and Leads for Medical Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of application areas, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following application area - Pacemakers, Defibrillators, EEG, and ECG.
Key players dominating the global cables and leads for medical equipment market include Sorin Group, Boston Scientific, Medtronic, Nihon Kohden Corporation and St. Jude Medical.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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