Diagnostic Electrocardiograph (ECG) Market Type, Application and End-User Industry - Global Opportunity Analysis and Industry Forecast 2028
Global
Diagnostic
Electrocardiograph (ECG) Market
is predicted to grow considerably in the coming years due to increase in number
of cardiovascular disorders. Diagnostic electrocardiographs are the diagnostic
devices that display electrical activity of the patient’s heart. It exhibits
abnormal working or movements of the heart and help surgeons in further
diagnostics and treatments. Diagnostic electrocardiograph analyses 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.
The
major driving factors of diagnostic electrocardiograph (ECG) market include
growing geriatric population, developments in enhanced and affordable remote
monitoring systems, growing disorders, such as hypertension and diabetes, rise
in investment in the ECG research and development, and growing number of
hospitals. Moreover, improving healthcare infrastructure in the emerging
economies and continuous technological advancements in ECG devices are fuelling
the diagnostic ECG market. However, unsupportive reimbursement policies,
significant cost of devices, and unstable economic conditions are expected to
hamper the market growth.
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Developing
economies of Asia Pacific is expected to offer lucrative opportunities to the
market. This can be attributed to the rise in number of hospitals, growing
population, and rise in number of cardiovascular disorders. Additionally,
enhanced technologies like wireless technologies is also expected to offer
growth opportunities to the market.
Diagnostic
electrocardiograph (ECG) market is categorized on the basis of product type,
lead type, applications, and geography. On the basis of product type, market is
divided into resting ECG systems, halter monitors, and stress ECG monitors.
Halter monitors segment is predicted to grow significantly in the forecast
period due to growing investment in ECG by hospitals and increase in number of
hospitals.
Based
on lead type, market is divided into single lead type ECG devices, 12 lead type
ECG devices, 3 to 6 type ECG devices, and other ECG devices. 3 to 6 lead type
ECG devices segment is projected to hold larger share of the market due to high
efficiency offered by these devices and cost efficiency.
In
terms of application, diagnostic electrocardiograph market is bifurcated into
clinics, hospitals, ambulatories, home healthcare settings, nursing homes,
research centre, ambulatory care, physician office, and others. Owing to rise
in hospitals and significant investments in the domain, hospitals segment is
expected to lead the market.
Geographically,
market is divided into North America, Latin America, Europe, Asia Pacific, and
Middle East & Africa. North America is expected to dominate the market in
future due to growing geriatric population, rise in disposable income of
consumers, and high demand for minimally invasive treatments. Asia Pacific is
also expected to contribute considerably in future due to growing population
base and improving healthcare infrastructure in the region.
The
major players in diagnostic electrocardiograph (ECG) market comprise Edan
Instruments, Inc., Schiller AG, Philips Healthcare, GE Healthcare, Mindray
Medical, Cardionet, Spacelabs Healthcare, Mortara Instrument Inc., Nihon Kohden
Corporation, CompumedInc, and Welch Allyn among others.
Market Segment:
Leading players of Diagnostic
Electrocardiograph (ECG) including:
•
GE Healthcare
•
Philips
•
BioTelemetry
•
Suzuken
•
Fukuda Denshi
•
Welch Allyn
•
Mortara Instrument
•
NIHON KOHDEN
•
Spacelabs Healthcare
•
Mindray Medical
•
Schiller AG
•
Innomed
•
EDAN
Market split by Type, can be divided
into:
•
Resting ECG
•
Stress ECG
•
Holter ECG
Market split by Application, can be
divided into:
•
Hospitals
•
Clinics
•
Others
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