Electrocardiograph (ECG) Market Value to Grow $6,637 Million by 2023 : Allied Market Research
Global ECG Market was valued at $4,516 million in 2016, and is expected to reach $6,637 million by 2023, registering a CAGR of 5.6% from 2017 to 2023.
Cardiovascular disease is one of the most common health problems faced by people across the globe, with high mortality rate accounting for approximately 370,000 people deaths annually in the U.S. alone. This propels the demand for ECG market as the increase in number of ECG tests are conducted by people, susceptible to heart diseases.
Download Sample of the Report @ https://www.alliedmarketresearch.com/request-sample/3372
The other key factors that boost the growth of electrocardiograph (ECG) market include technological advancements in ECG devices such as portable and handheld, rise in incidence of cardiovascular diseases globally, increase in geriatric population, and favorable government regulations regarding monitoring devices. However, certain aspects such as, unfavorable reimbursement policies along with increase in market saturation hamper the market growth.
Recent advancements in the ECG devices such as potable, handheld, novel electrodes & sensors, and smart phone integration is set to propel the market growth. In addition, rise in number of cardiovascular diseases along with soaring old age population propels the market growth. Moreover, emergence of novel ECG devices such as handheld ECG devices and ECG devices integrated with artificial intelligence systems supplements the growth of the market. However, lack of awareness regarding early prevention of cardiovascular diseases in the developing economies, unstable reimbursement strategies for ECG devices, and increase in market saturation hamper the market growth. Moreover, untapped emerging markets and increase in number of mergers, acquisitions, and product launches by market players offer profitable opportunities for the expansion of ECG market.
The holter ECG monitors have recorded the highest growth rate of 9.1% from 2017 to 2023, and is considered to be the most common type of ambulatory monitoring in electrocardiography. This is attributed to the fact that utilization of holter ECG monitors captures asymptomatic as well as symptomatic arrhythmias, increasing its demand among patients suffering from irregular heartbeat.
Among lead types, 3-6 lead type in ECG systems generated the highest revenue in 2016, and has also registered highest CAGR of 6.1% among other lead types. Moreover, wireless holter monitors have generated the highest revenue in 2016, accounting for about two-fifths share of the total holter monitors market. This is attributed to the rise in penetration of wireless systems in the point-of-care market, and are increasingly adopted across home care setting as well as ambulatory surgical centers driving the growth of the market.
For More Info Visit @ https://www.alliedmarketresearch.com/electrocardiograph-ECG-market
The key players operating in the ECG market have adopted product launch as one of their key developmental strategy, among many others such as business expansion, product development, and business acquisition. The major companies profiled in the report include GE Healthcare (General Electric Company), Royal Philips Healthcare (Koninklijke Philips N.V.), Nihon Kohden Corporation, Schiller AG, Opto Circuits Limited, OSI Systems Fukuda Denshi Co Ltd., Johnson and Johnson, Mindray Medical International Limited, and Medtronic.
Key Findings of the Electrocardiograph (ECG) Market:
• North America dominated the global ECG market, accounting for maximum share of overall market in 2016 both in terms of value and volume.
• India is the fastest growing country of Asia-Pacific ECG market in the year 2016, and is anticipated to maintain this during the forecast period.
• The hospitals & clinics segment holds the largest share accounting for about fifth-sevenths share in 2016, and is set to retain the similar trend from 2017-2023.
• In terms of volume, holter monitors are anticipated to grow at the fastest CAGR of 12.0% from 2017 to 2023.
• The 12-lead type ECG segment holds the second position of ECG lead type in 2016, and is expected to grow at a CAGR of 5.8% from 2017 to 2023.
• The wired holter monitor dominated the holter monitor market in 2016, and is set to maintain its dominance throughout the forecast period.
Asia-Pacific witnessed highest growth rate for ECG market, and is expected to continue this trend throughout the forecast period. Asia-Pacific region serves to be an emerging market with a high population density, rise in disposable income, and increase in healthcare expenditure. In addition, increase in incidence of cardiovascular diseases in India, boosts the market growth.
Allied Market Research, a market research and advisory company of Allied Analytics LLP,
provides business insights and market research reports to large as well as small &
medium enterprises. The company assists its clients to strategize business policies and
achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection
to investment advice. The analysts at Allied Market Research dig out factors that help
clients to understand the significance and impact of market dynamics. The company
amplies client’s insight on the factors, such as strategies, future estimations, growth
or fall forecasting, opportunity analysis, and consumer surveys among others. As
follows, the company offers consistent business intelligent support to aid the clients
to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electrocardiograph (ECG) Market Value to Grow $6,637 Million by 2023 : Allied Market Research here
News-ID: 1652406 • Views: 263
More Releases from Allied Market Research
Orthopedic Prosthetics Market Will Expand in the Coming Decade
Orthopedic Prosthetics Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and Orthopedic Prosthetics market recent progressions. The Orthopedic Prosthetics market report is prepared after fundamental levels of research regarding the Orthopedic Prosthetics Industry. Orthopedic Prosthetics Market by Product (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Liners, Sockets, and Modular Components) Technology (Conventional, Electric Powered, and Hybrid
Orthopedic Operating Tables Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Operating Tables Market by Technology (Non-powered Operating Tables and Powered Operating Tables) and End Users (Hospitals and Ambulatory Surgical Centers (ASCs)) – Global Opportunity and Forecast, 2019-2026”. The Global market size of Orthopedic Operating Tables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with
Orthopedic Consumables Market Analysis of The Current and Emerging Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Consumables Market by Product (Surgical Orthopedic Consumables, Wound-Management Orthopedic Consumables, and Others) and End Users (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), and Others) – Global Opportunity and Forecast, 2019-2026 The Global market size of Orthopedic Consumables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027
Intraosseous Infusion Device Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, “Intraosseous Infusion Device Market by Product Type (FAST1 device, Dieckmann Modified Needle, BIG device, EZ-IO device, Jamshidi Needle, FASTx device, and NIO), by Technology (Battery Powered Driver, Manual IO Needles, and Impact Driven Devices), by Route of Administration (Distal Femur, Sternum, Distal & Proximal Tibia, Calcaneus, and Head of Humerus), by End User (Hospitals, Emergency Medical Services, Ambulatory Surgical
More Releases for ECG
Global Electrocardiograph (ECG) Market Research Report
This report studies the global Electrocardiograph (ECG) market status and forecast, categorizes the global Electrocardiograph (ECG) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report GE Healthcare Philips BioTelemetry Suzuken Fukuda Denshi Welch Allyn Mortara Instrument NIHON KOHDEN Spacelabs Healthcare Mindray Medical
Top Investment Pockets in Electrocardiograph (ECG) Industry
Electrocardiograph market was valued at $4,516 million in 2016, and is projected to reach $6,637 million by 2023, growing at a CAGR of 5.6% from 2017 to 2023. The 3-6 lead type ECG accounted for four-ninths share of the global market in 2016. Get PDF sample copy: https://www.alliedmarketresearch.com/request-sample/3372 Recent technological advancements in ECG devices with enhanced features such as mobile ECG devices with a wireless system that can transmit data to monitoring
ECG Management Systems Market trend, outlook 2025
ECG management system is a web-based electronic medical record that offers better workflow efficiency by processing, storing, and distributing the cardiovascular information between doctors and patients. Winchester Medical Center, in 1991, initiated conversion of ECG records from paper form to electronic form before, which records were filed in a central location. ECG management systems has advanced in past few decades with the improvement in efficacy and maintenance of medical records
ECG Cables and ECG Lead Wires Market succouring demand 2025
Global ECG Cables and ECG Lead Wires Market: Snapshot ECG cables and lead wires are a key equipment needed for electrocardiography, a monitoring technique used in several cardiac diseases. The global ECG cables and lead wires market has thus been driven primarily by the rising prevalence of cardiovascular conditions among the modern urban demographic and the growth of the geriatric demographic, which has led to rising demand for cardiac monitoring equipment.
ECG Monitor market
This report presents a 360-degree overview of the competitive scenario of the Global ECG Monitor market. Thus helping organizations understand the major threat and opportunities that vendors in the market are dealt with. It also includes detailed business profiles of some of the major vendors in the market. With the all-inclusive market data concerning the crucial elements and segment of the market that can influence the growth prospects of the
ECG Equipment & Management System Market Analysis By Type (Holter Monitors, Rest …
Introduction Electrocardiogram (ECG) devices record and test the cardio activity electrically. The electrical impulse that is generated by cardiac tissues is recorded by ECG by polarization and depolarization mechanism. ECG devices are of excessive help to physicians and cardiologist for proper and early detection of cardiac disorders and diagnosis like inflammation of heart, abnormal heart rhythm, congenital heart defect, poor supply of blood to the arteries and many more. ECG stress