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. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The 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. The report includes market shares of diagnostic electrocardiograph (ECG) marketfor global, Europe, North America, Asia Pacific and South America.
Diagnostic Electrocardiograph (ECG) is used for recording the electrical activity of the heartbeat. The ECG calculates the electrical activity across the heart muscle which can verify whether the functioning of the heart.
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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
Major Market Competitors:
Some of the major players operating in diagnostic electrocardiograph (ECG) market are
- GE Healthcare,
- Schiller AG,
- Spacelabs Healthcare,
- Philips Healthcare,
- Cardionet,
- Mindray Medical,
- Mortara Instrument Inc.,
- Nihon Kohden Corporation,
- Welch Allyn and Compumed Inc,
- Edan Instruments, Inc.,
- among others.
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
Market Segmentation:
By product type:-
- resting,
- stress,
- holter monitor.
On the basis of lead type:–
- single lead type ECG devices,
- 3 to 6 type ECG devices,
- 12 lead type ECG devices
- Others.
On the basis of end-users:-
- Hospitals,
- Home healthcare,
- Ambulatory Care,
- Research Center,
- Physician Office,
- Nursing Homes
- Others.
On the basis of geography:-
- North America & South America,
- Europe,
- Asia-Pacific,
- Middle East & Africa.
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