Global ECG Devices Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 5.4% during forecast period.
Global ECG Devices Market Overview:
An electrocardiogram is a device, which records the electrical signals in the heart. It’s a common and painless test used to quickly detect heart problems and monitor heart health. ECG device assists in identifying the appropriate therapy required for the patient as it diagnoses the types of heart diseases and arrhythmias present in a person’s body.
Global ECG Devices Market Dynamics:
Rising cases of cardiac diseases across the globe aids the growth of market.
Cardiovascular disorders are the leading cause of death across the globe. According to the WHO factsheets in 2017, an estimated 17.7 million people died due to cardiovascular diseases. Of these deaths, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke. Since these diseases have become so common currently, the doctors recommend the ECG test to prevent the risk related to heart disease in people who are subjected to the factors causing heart disease. All these factors are propelling the market growth of ECG devices. Besides this, technological advances have helped in developing ECG devices with reduced size, and enhanced portability and that are easy to use. In May 2019, AliveCor received U.S. FDA clearance for its KardiaMobile 6L, a six-lead portable ECG device.
The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global ECG Devices Market Segment Analysis:
The global ECG Devices market is segmented on the basis of product, lead type and end-users.
Based on Product, the monitoring ECG systems held a major market share of XX% in 2019. Technological advances are being made in monitoring devices, which include wireless technologies, algorithms, and enhanced connectivity capabilities. These factors increase the demand for this segment. It is further segmented into data monitoring, event monitoring, and cardiovascular monitoring.
Global ECG Devices market
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Global ECG Devices Market Regional Insights:
Global ECG Devices Market Regional
North America is expected to dominate the global market throughout the forecast period.
The rising prevalence of heart diseases in the USA is the main factor for market dominance. Also, increasing Research & development activities and clinical trials to demonstrate the benefits of early detection of cardiac diseases will aid the market growth. According to the World Health Organization (WHO), CVDs are the number one cause of death globally, with 17.9 million deaths every year. It remains the number one cause of death of all Americans, claiming more than 840,000 lives in 2016. This boosts the market revenue of North America. Europe accounts for the second-largest market share. According to the European Health Network, the statistics of cardiovascular diseases in 2017 recorded 3.9 million deaths in Europe due to various heart conditions. This increases the demand for ECG Sensor Patch in the region. Besides this, well-established medical infrastructure, high healthcare expenditures, and substantial investments in R&D activities boost the market growth.
The report also helps in understanding Global ECG Devices Market dynamics, structure by analyzing the market segments and project the Global ECG Devices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global ECG Devices Market make the report investor’s guide.
Global ECG Devices Market Scope:Inquire before buying
Global ECG Devices Market
Global ECG Devices Market, by Region:
• North America
• South America
Global ECG Devices Market Key Players:
• Philips Healthcare
• Spacelabs Healthcare
• Nihon Kohden Corporation
• Schiller AG
• Hill-Rom Holdings, Inc.
• GE Healthcare
• General Electric Company
• Fukuda Denshi Co., Ltd.
• EDAN Instruments, Inc.
• CardioNet Inc.
• Mindray Medical International Limited
• Spacelabs Healthcare
• Compumed Inc.
• Welch Allyn Inc.
• CardioComm Solutions, Inc.
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