The Diagnostic Electrocardiograph (ECG) Market accounted to USD 8.5 billion in 2016 growing at a CAGR of 7.5% during the forecast period of 2017 to 2024.
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Global Diagnostic Electrocardiograph (ECG) Market – By Product Type (Resting, Stress, and Holter Monitor), By End-Users (Hospitals, Home healthcare, Ambulatory Care, Research Center, Physician Office, Nursing Homes), By Lead Type (single lead type ECG devices, 3 to 6 type ECG devices, 12 lead type ECG devices and other), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2024
Diagnostic Electrocardiograph (ECG) is used for recording the electrical activity of the heartbeat. The ECG calculates the electrical activity across the heart muscle which canverify whether the functioning of the heart.
Major Market Drivers and Restraints:
- Rising prevalence of cardiovascular diseases and lifestyle-related diseases
- Increasing aging population
- developing healthcare infrastructure
- Technological developments
- Growing need for faster, safer and effective method of diagnosis and treatment of diabetes
By product type the diagnostic electrocardiograph (ECG) market is segmented into resting, stress, and holter monitor.
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On The Basis Of End- the Diagnostic Electrocardiograph (ECG) market is segmented into Hospitals, Home healthcare, Ambulatory Care, Research Center, Physician Office, Nursing Homes and others.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
The Global Diagnostic Electrocardiograph (ECG) Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the major players operating in Electrosurgery Devices Market are:
- Dickinson and Company
- GE Healthcare, Schiller AG
- Spacelabs Healthcare
- Philips Healthcare
- Cardionet, Mindray Medical
- Mortara Instrument Inc
- Nihon Kohden Corporation
- Welch Allyn and CompumedInc
- Edan Instruments, Inc.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
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