Rapid Growth expected for Diagnostic Electrocardiograph (ECG) Market
Diagnostic Electrocardiograph Market is valued at USD 9654.9 Million in 2018 and expected to reach USD 16333.5 Million by 2025 with a CAGR of 7.80 % over the forecast period.
Early detection of diseases, rise in the incidences of lifestyle related diseases and increase in the standard of healthcare services are the major factors driving the growth of the Global Diagnostic Electrocardiograph Market.
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Scope of the Diagnostic Electrocardiograph Market Report:
Global Diagnostic Electrocardiograph market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Diagnostic Electrocardiograph market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Key Players for Diagnostic Electrocardiograph –
Key Players of Global Diagnostic Electrocardiograph Market are like BPL Ltd, Cardiac Science Corp, Cardionet, Inc, Fukuda Denshi Co, Ltd, GE Healthcare, Medtronic, Inc, Midmark Corp, Mindray Medical International Ltd, Mortara Instrument, Inc, Nihon Kohden Corp, Philips Healthcare, Scottcare Corp, Schiller Ag, Spacelabs Healthcare, Inc, Welch Allyn Inc and others.
Electrocardiography (ECG) is a non-invasive technique for recording the electrical activity of heartbeat over a span of time. Every heartbeat generates an electrical impulse that is captured with the aid of electrodes rested on the body of a patient. The electrodes sense the tiny electrical alterations on the skin that occur from the depolarizing of the heart muscle during every heartbeat. An ECG provides the user with two types of data. First by calculating time periods on the ECG, the electrical activity can be determined by a cardiologist to be slow, irregular or normal. Second, by calculating the sum of electrical activity momentary across the heart muscle, it can be verified whether the parts of the heart are overworked or too large. Diagnostic electrocardiograph are used to analyze the heart attack issues, detect health issues that change the body’s electrolytes balance, like magnesium and potassium and other issues, such as overdose of different types of drugs.
Diagnostic Electrocardiograph Market Segmentation –
By Product type
Resting & Stress ECG Systems, Holter Monitors system
By Lead type
12 lead, 3–6 lead, Single lead, others
By End-Users
Home/Ambulatory care, Hospitals, Others
The major growth driving factors of global diagnostic electrocardiograph (ECG) market includes growing geriatric population, developments in enhanced and affordable remote monitoring systems and increasing cases of hypertension and diabetes. In addition, increaseing investment in the ECG research and development, and growing number of hospitals are also anticipated to supplement the growth of global diagnostic electrocardiograph (ECG) market within the forecast period.. According to Centers for Disease Control and Prevention, about 75 million American adults (32%) have high blood pressure i.e. 1 in every 3 adults. However, unsupportive reimbursement policies, significant cost of devices, and unstable economic conditions may hamper the growth of this market. In spite of that, enhanced technologies like wireless technologies are also expected to offer the growth opportunities for this market growth over the forecast period.
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