ECG Monitoring Systems Market to Reach US$ 1,847.2 Million by 2027 | GE Healthcare, Philips Healthcare, Nihon Kohden
ECG Monitoring Equipment held dominant position in the global ECG monitoring systems market in 2019, accounting for 56.5% share in terms of value, followed by Holter Monitoring Systems and ECG Stress Testing Systems, respectively.
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R&D in ambulatory ECGs is expected to offer lucrative growth opportunities for players in the global ECG monitoring systems market. For instance, in February 2020, researchers at University of Electronic Science and Technology of China developed an adaptive cancellation algorithm based on multi-inertial sensors to suppress motion artifacts in ambulatory ECGs.
Moreover, increasing investment in development of new devices is also expected to aid in growth of the market. For instance, in December 2019, Biotricity Inc., a medical diagnostic and consumer healthcare technology company, raised US$ 6 million for FDA Filing for its patch solution within the first 6 months of 2020, which will be a novel product in the field of Holter monitoring.
The global ECG monitoring systems market was valued at US$ 1,024.4 Mn in 2019 and is forecast to reach a value of US$ 1,847.2 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027.
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Global ECG Monitoring Systems Market, By Equipment Type:
ECG Monitoring Equipment
Holter Monitoring Systems
ECG Stress Testing Systems
Event Monitoring Systems
Global ECG Monitoring Systems Market, By End User:
Ambulatory Surgical Centers
Opto Circuits (India) Limited
Fukuda Denshi Co., Ltd.
Lidco Group plc
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