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ECG Devices Market is Booming Worldwide According to New Research Report
ECG Devices Market
The global ECG devices market is sett o chart promising growth over the forecast period of 2018 and 2026, as per a Transparency Market Research study. It is set to drive the market worth up to USD 6.79 billion by the end of the stated period.
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Rise in Geriatric Population to Propel Global ECG Devices Market on a High Growth Trajectory
It is no surprise that geriatric population is seeing a massive increase. In 2018, history was created when number of people aged 65 and above surpassed the number of people aged 5 and below. Besides, by 2050, it is predicted that some 2 billion people will be 60 and above – a steep rise from 900 million in 2015. Additionally, one in every six people in the world will be aged 65 and above by 2050 – a ratio that will be more pronounced in North America and Europe where every one in four people will belong in the said age group.
Couple this with a preference for minimally invasive diagnostic tools and one can note a rise in demand for ECG devices.
Increase in Incidence of Cardiovascular Diseases (CVD) is Generating Demand for ECG Devices Market
Stressful work lives and poor diets are leading incidence of cardiovascular diseases to go up notably. Longer work days hurt health doubly. One, stress is a severe cause. Two, longer work hours makes people eat out more than what is considered healthy. Since, not a lot of people look forward to cooking nutritious meals, using fresh ingredients, after a hard day’s work.
As per a study by World Health Organization, or WHO, by 2030, cardiovascular disease will be the leading cause of death in the world.
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Global ECG Devices Market to Be Consolidated over the Forecast Period
The global ECG Devices Market witnesses a small number of players holding a large chunk of the market share. Some of the prominent names in the market landscape are GE Healthcare, Philips Healthcare, BioTelemetry Inc., Hill-Rom Holdings, Inc., Nihon Kohden Corporation, Schiller AG, and Spacelabs Healthcare. Others include Fukuda Denshi Co., Ltd, Mindray Medical International Limited, and CompuMed IncSome of the prominent strategies that players are opting for, in order to maintain an edge over competitors, include mergers and acquisitions and strategic partnerships and collaborations. Improving products through technological advancement also hold a prominent place in the overall scheme.
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North America and Europe to Hold a Massive Market Share
Owing to rising geriatric population and presence of major players in the region will lead to the prominent position in the global ECG Devices Market.
The report is segmented as presented below:
By Technology:
Resting ECG Systems
Holter Monitoring
Stress ECG Systems
Event Monitoring
Mobile Cardiac Telemetry
By End-use:
Hospitals
Specialized Clinics
Ambulatory Surgical Centers
Others (Home Settings, Academic and Research Institutes)
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Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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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…
