Covid19 Diagnostic Electrocardiograph (ECG) Market Size, Share, Analysis and Trends


Posted July 1, 2020 by MarketResearchFuture12

Diagnostic Electrocardiograph (ECG) Market is expected to hold a value of USD 10,487.24 Million by 2025 and is expected to register a growth of 6.72% between 2019 and 2025

 
Market Analysis

The global diagnostic electrocardiograph (ECG) market is likely to touch USD 10,487.24 million at a 6.72% CAGR between 2019- 2025, as per the recent report by Market Research Future (MRFR). Diagnostic electrocardiograph, simply put, is a test that is utilized to detect electrical signals which the heart produces each time it beats. Smart ECG monitors, Holter monitors, event monitors, mobile cardiac telemetry devices, implantable loop recorders, stress ECG devices, and resting ECG devices are the different types of the diagnostic electrocardiograph.

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Various factors are adding to the global diagnostic electrocardiograph market growth. Such factors, according to the new MRFR report, include increasing expenditure by market players in research and development to create novel ECG devices, technological advances in wearable devices and wireless monitoring, and an increase in the rate of lifestyle diseases. Additional factors adding market growth include the developing healthcare infrastructure, increasing geriatric population, and rising cases of cardiovascular diseases.

On the contrary, irregular reimbursement policies, uncertainty in economic circumstances and market saturation, and scarcity of skilled professionals are factors that may limit the diagnostic electrocardiograph market growth over the forecast period

Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global diagnostic electrocardiograph market report based on end user, product type, and lead type.

By product type, the diagnostic electrocardiograph market is segmented into smart ECG monitors, Holter monitors, event monitors, mobile cardiac telemetry devices, implantable loop recorders, stress ECG devices, and resting ECG devices. Of these, the resting ECG devices segment will lead the market over the forecast period for its increasing use in hospitals worldwide.

By lead type, the diagnostic electrocardiograph market is segmented into single-lead ECG devices, 6-lead ECG devices, 3-lead ECG devices, 5-lead ECG devices, and 12-lead ECG devices. Of these, the 3-lead ECG devices segment will dominate the market over the forecast period for its wide applications in various cardiac diagnostic tests.

By end user, the diagnostic electrocardiograph market is ambulatory surgical centers, hospitals and clinics, and others. Of these, the ambulatory surgical centers segment will have a major share in the market over the forecast period for its ample recognition in developing countries.

Regional Analysis

Based on the region, the global diagnostic electrocardiograph market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will have lions share in the market over the forecast period. Surging demand for medical devices coupled with rising cases of cardiovascular diseases like arrhythmia and stroke, are adding to the growth of the market in the region.

The global diagnostic electrocardiograph market in Europe is predicted to hold the second-largest share over the forecast period. Rising acceptance of new diagnostic products and increasing geriatric population are adding to the growth of the market in the region.

The global diagnostic electrocardiograph market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising prevalence of heart diseases like stroke and increasing per capita disposable income are the factors that are adding to the market growth in the region.

The global diagnostic electrocardiograph market in the MEA is predicted to have steady growth over the forecast period. The increasing burden of cardiac diseases and gradually developing healthcare infrastructure are factors that are adding to the market growth in the region.

Key Players

Eminent players profiled in the global diagnostic electrocardiograph market report include VectraCor, Inc. (US), Innomed Medical Inc. (Hungary), Norav Medical (US), Cardioline SpA (Italy), Edan Instruments, Inc. (China), BTL (US), Fukuda Denshi (Japan), BPL Medical Technologies (India), ACS Diagnostics (US), Schiller (Switzerland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Hillrom Services, Inc. (US), Nihon Kohden Corporation (Japan), Koninklijke Philips N.V. (Netherlands), and General Electric Company (US).

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NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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Categories Blogging , Health , Research
Tags diagnostic electrocardiograph ecg market , diagnostic electrocardiograph ecg market analysis , ecg industry
Last Updated July 1, 2020