ECG Devices Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development - P&S Intelligence

The global electrocardiogram (ECG) devices market is witnessing growth, due to high incidences of cardiovascular diseases and large geriatric population. Based on product type, the resting systems segment leads the global ECG devices market; whereas, the Holter monitor systems segment is the fastest growing segment of the market. The hospitals segment is the largest and the fastest growing end-user segment, in the global ECG devices market, which is driven by technological advancements for the development of ECG devices.

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The high healthcare provider’s compliance for ECG devices and massive unexplored ECG devices market in the emerging economies is creating ample opportunities for the growth of the global ECG devices market, in the coming years. The advanced research and development activities and new product developments by the major players are supporting the demand with better and cost effective ECG devices, thus fuelling the growth of the global ECG devices market.

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Geographically, North America leads the global ECG devices market due to high prevalence of cardiovascular diseases, increased healthcare expenditure, and large proportion of older population. In addition, the high investment by major players for the development of ECG devices and technological advancements are further fueling the growth of the ECG devices market in North America. Asia-Pacific is the fastest growing region in the global ECG devices market, which is driven by growing healthcare expenditure, high prevalence of cardiovascular diseases, and improving healthcare infrastructure. Moreover, the Asia-Pacific ECG devices market is growing rapidly due to increasing awareness about ECG devices among patients and healthcare providers, and growing research and development activities in the emerging economies, such as India and China.

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The key players operating in the global ECG devices market are General Electric Company, Mindray Medical International Limited, Koninklijke Philips N.V., Spacelabs Healthcare (a subsidiary of OSI Systems Inc.), CardioNet Inc., Schiller AG, Compumed Inc., Welch Allyn, and Nihon Cohden Corporation.

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