An electrocardiogram is a non-invasive equipment critically used to diagnose numerous cardiac disorders such as arrhythmias, coronary artery disease, and others in people of all ages. The telemetric ECG device records the electrical impulses produced by the polarization and depolarization of cardiac tissue and translate them into a waveform, which allows a cardiologist to detect cardiac abnormalities along with size and position of heart chambers. The telemetry ECG equipment enables unrestricted and continuous monitoring of heart activity by being attached to a bedside cardiac monitor. Recent developments in the telecommunication infrastructure enables the telemetric devices for easy and fast ECG monitoring of patients with suspected cardiac disorders, thereby contributing to the market growth.
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ECG Telemetry Equipment Market by Product (Resting ECG Device, Stress ECG Device, Holter Monitor, Event Monitoring System, ECG Management System, and Others), and End User (Home Healthcare, Hospital, Clinic, and Others) - Global Opportunity Analysis and Industry Forecast, 2019-2026
Upsurge technological advancements in the field of telecommunication infrastructure, commercialization of new ECG telemetric devices, and increase in prevalence of cardiovascular diseases drive the growth of the market. In addition, growth in demand for miniature & telemetry devices and accurate & precise homecare monitoring further fuel the market growth. However, high cost associated with the initial installment of these devices and low awareness regarding the product use in emerging economies hamper the market growth. Moreover, government initiatives to provide medical devices at an affordable price to meet the unmet demand are expected to provide lucrative opportunities for the market in the near future.
The global ECG telemetry equipment market is segmented based on product, and end user. By product, the market is classified into resting ECG device, stress ECG device, holter monitor, event monitoring system, ECG management system, and others. Based on end user, it is characterized into home healthcare, hospital, clinic, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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