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Global ECG Monitoring Devices Market Was Estimated to Grow at 10.3% CAGR during the Forecast Period Due to Rising Number of Ambulatory Surgery Centers Worldwide, says Absolute Markets Insights

03-17-2020 11:22 AM CET | Health & Medicine

Press release from: Absolute Markets Insights

Global ECG Monitoring Devices Market Was Estimated to Grow

ECG monitoring devices are medical devices used to detect heart defects such as arrhythmias and ischemia. These are also used to evaluate the function of a pacemaker or automatic implantable cardioverter-defibrillator as well as in early diagnosis of symptoms of various cardiovascular diseases such as angina, palpitations, dyspnea, and syncope. Technological advances in sensors have allowed the production of wearable devices capable of tracking and capturing long-term cardiac impulses.

These systems may be used in out-of-hospital environments such as homes and public places, in the absence of traditional electrocardiogram (ECG) machines. For example, the Omron Healthcare offers HeartScan HCG-801 ECG Monitor is a cordless portable ECG monitor and shows heart rate (HR), rhythm, and ECG waveform on a high-resolution screen. Similarly, Zenicor-ECG, provided by Zenicor Medical Systems AB, is a handheld finger monitor, recorder and display device that makes atrial fibrillation (AF) and other cardiac arrhythmias simple and accurate to diagnose. The advent of such mobile, portable, and remote ECG monitoring devices will be one of the key market developments of the ECG devices responsible for growth of the ECG monitoring devices market over the forecast period.

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The demand for ECG devices has propelled several technological advances in these devices, such as reduced size, increased portability and simplicity of use. The new generation ECG devices integrate advanced algorithms and different features for optimizing workflows, such as streamlined step-by-step operation, touch screen systems, and better connectivity with cardiovascular information systems (CVIS), electronic medical record (EMR), and ECG management systems. During patient monitoring procedures, ECG electrodes have undergone significant changes in design and interference over the years. Using conductive fiber, the ECG electrodes have been made smooth, flexible and breathable. In addition, textile electrodes do not cause the patient any pain or discomfort and provide a higher impedance to the skin-electrodes. During the forecast period, these technological advances are expected to fuel the ECG monitoring devices market growth at a CAGR of 10.3%.

The detailed research study provides qualitative and quantitative analysis of ECG monitoring devices market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

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Key Findings of the Report:

ECG monitoring devices market is projected to reach US$ 15,673.7 Mn by 2027, growing at 10.3% CAGR during the forecast period

Due to the availability of well-equipped instruments and the latest monitoring software, hospitals accounted for the largest market share in 2018, since most patients rely more on hospitals than other healthcare facilities

After studying the global market, it was found that North America would account for the largest market share of ECG monitoring devices over the forecast period. Factors such as the high prevalence of cardiovascular diseases (CVDs), increasing geriatric population and the adoption of technologically advanced ECG devices will lead to the growth in demand for ECG monitoring devices.

The major market participants include GE Healthcare, Nihon Kohden, Schiller AG, Opto Circuits, OSI Systems Fukuda Denshi Co Ltd., Johnson and Johnson, and Medtronic, Koninklijke Philips N.V., Welch Allyn, CardiacMonitoring.com, and Qardio, Inc. The key strategic approaches adopted by these players are the new product development and mergers & acquisitions. For instance, in April 2014, GE Healthcare launched a new MAC 2000 ECG resting program, which aids to eliminate differences in ECG results and provides precise information about the medical condition of the patients.

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Global ECG Monitoring Devices Market:

By Type
Holter Monitoring Systems
ECG Stress Testing Systems
Resting ECG Monitoring Systems
Event Monitoring Systems

By End Users
Hospital and Clinics
Ambulatory Surgery Centers
Diagnostic Centers

By Geography
North America
U.S.
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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Contact Us:
Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna

The Work Lab,
Model Colony, Shivajinagar, Pune, MH, 411016
Website: https://www.absolutemarketsinsights.com/

About Us:

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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