An electrocardiogram (ECG) is a non-invasive diagnostic tool used to diagnose the problems associated with the electrical activity of the heart. ECG measures and records the electrical activity that passes through the heart, and is performed for various cardiac indications such arrhythmia, chest pain, or palpitations, cardiac murmur.
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The rapid surge in the demand for diagnostic electrocardiograph is credited to rising incidences of cardiac diseases and lifestyle-related diseases such as ischemic heart disease, stroke, hypertensive heart disease, and peripheral artery. Changing lifestyle with varying dietary habits and sedentary lifestyle have steered rising occurrence of cardiovascular diseases among young as well as elderly population. Additionally, the significant adoption of ECG monitoring systems by healthcare professionals coupled with ease of operation of these devices are expected to drive the growth of diagnostic electrocardiograph (ECG) market over the forecast period.
Corresponding to the rise in geriatric population, the number of patients with cardiac diseases will increase and subsequently augment the demand for diagnostics electrocardiograph market. Furthermore, rise in the number of awareness initiatives by local governments, supportive reimbursement policies and development of advanced & affordable remote monitoring devices support the market progress. The growing population with rapid urbanization & industrialization are causing respiratory disorders, thus fostering market demand for ECG equipment.
Holter ECG segment is expected to account for significant revenue share in the global market
Holter ECG is one of the most stable segments of diagnostic electrocardiograph. It is expected to account for larger revenue share because holter ECG monitors are considered as the most common type of ambulatory monitoring of ECG for identification of many cardiovascular diseases. Moreover, introduction of wireless Holter monitors is attributed to generate significant revenue in ECG market globally.
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North America and Asia Pacific to spearhead the global market during the forecast period
North America is estimated to account for a significant market share owing to the increase in patient pool of cardiovascular diseases in the US. According to the American Heart Association on heart disease and stroke report, the number of deaths due to cardiovascular diasease in 2016 acoounted to be 840,678: presenting for 1 in every 3 individuals. Presence of well-established healthcare infrastructure, high healthcare expenditure and supportive government policies are attributed to the incumbent position of North America market.
Diagnostics electrocardiograph market is experiencing opportunistic growth in Asia Pacific due to high prevalence of cardiovascular diseases along with rising geriatric population. Additionally, growing technological advancements, rapid growth in the economy and favourable initiatives by the government in rural areas is anticipated to supplement the growth of Asia Pacific market.
Key Market Players
GE Healthcare
Koninklijke Philips N.V
Nihon Kohden Corporation
Schiller Ag
Spacelabs Healthcare, Inc.
CardioNet, Inc.
Mindray Medical International Limited
Medtronic Plc
Asahi Kase Corporation
Hill-Rom, Inc.
Others
Market Segments: Diagnostic Electrocardiograph Market
By Product
Rest ECG Systems
Stress ECG Systems
Holter ECG Systems
Event Recorders
Implantable Loop Recorders
Others
By Technology
Portable ECG Systems
Wireless ECG Systems
By Lead Type
Single Lead ECG
3-6 Lead ECG
12 Lead ECG
Others
By End User
Cardiac Centers
Hospitals
Ambulatory Surgical Centers
Others
By Region
North America
US
Canada
Europe
Germany
France
UK
Asia Pacific
China
India
Japan
Middle East & Africa
UAE
South Africa
Central & South America
Brazil
Mexico
Key Sources
Industry Associations
Company Annual Reports
Company Websites
Key Industry Leaders
Technology Consultants
Others
Key Questions Answered
What are the key growth regions and countries?
What are the important types and technologies being used?
How are the market players active, in terms of research and development?
Which are the new technologies for this market?
What are the integrations happening?
What is the recent news, developments, mergers, or large value deals?
Where will the industry go in the long run?
Key Stakeholders
Component providers
Technology solution providers
Regulatory authorities
Research and innovation organizations
Technocrats
Suppliers and distributors
Other channel partners
Quality control organizations
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About Us
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code - Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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By launching a mobile application, you become part of a global market estimated in the billions of dollars.
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