Diagnostic Electro Cardiographs Market 5.8% CAGR to 2021 Led by North America


Posted November 1, 2017 by sandeep0225

Diagnostic Electrocardiograph is a device used to record electrical activity of the heart by placing electrodes on a person’s body.

 
North America Diagnostic Electro Cardiographs Market was worth $ 1667.081 million in 2016 and estimated to reach $2210.93 million by 2021 growing at a CAGR of 5.8%. Diagnostic Electrocardiograph is a device used to record electrical activity of the heart by placing electrodes on a person’s body.

North America diagnostic cardiographs market is driven by factors such as technological advancements in communication, lower power circuit design for safer ECG devices along with portability features, lower power consumption more accuracy and capacity to incorporate latest diagnostic features. Growing Geriatric population and increasing incidence of lifestyle related diseases are some of the additional factors fuelling the growth of Global Diagnostic Electrocardiographs market. However unstable reimbursement regulations, high cost of devices and economic instability are some of the major factors hindering the growth of the market.

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Global market for Diagnostic Electro Cardiographs is segmented by product, Lead type and End User. On the basis of Product the market is further sub segmented into Resting ECG Systems, Stress ECG Systems and Holter Monitors. By Lead Type market is further sub-segmented into Single-Lead Type ECG Devices, 3–6 Lead Type ECG Devices, 12-Lead Type ECG Devices and Other Lead Type Devices. By End user the market is segmented into Hospitals, Rehabilitation Centers, Home/Ambulatory Care research centers, Diagnostic Centers, Clinics, Physician Offices and surgical centers.
The resting ECG devices segment is the largest owing to growing aging population and increasing incidence of cardiovascular diseases. Holter diagnostic ECG device is estimated to be the fastest growing segment due to technological advancements, which have brought down the prices of these devices.

On the basis of geography North America market for diagnostic electrographs is analyzed under two regions namely United States and Canada. United States is the largest market for diagnostic electrocardiographs market due to technology innovations and extensive awareness about the advantages of electrocardiographs.

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Some of the major companies covered in the report are BPL Ltd, Cardiac Science Corp, Fukuda Denshi Co., Ltd, GE Healthcare, Medtronic, Inc, Philips Healthcare, Spacelabs Healthcare, Inc, Mortara Instrument, Inc, Midmark Corp, Mindray Medical International Ltd, Nihon Kohden Corp, Scottcare Corp, Schiller Ag, Welch Allyn Inc and Cardionet

Market Segmentation

1) By Product
• Resting ECG Systems
• Stress ECG Systems
• Holter Monitors

2) By Lead Type
• Single-Lead Type ECG Devices
• 3-6 Lead Type ECG Devices
• 12-Lead Type ECG Devices
• Other Lead Type ECG Devices

3) By End User
• Hospitals
• Home/Ambulatory Care research centres
• Diagnostic Centres
• Rehabilitation Centres
• Clinics
• Physician Offices
• Surgical Centres

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The North America Diagnostic Electro Cardiographs Market study offers the following deliverables:

• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of By Product, By Lead Type, and By End User along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the North America market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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Last Updated November 1, 2017