ECG Equipment & Management System Market Analysis By Type (Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, ECG Management System), By Region, And Forecasts 2014-2024
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 test system is one of the dominant segments of this market, due to the increasing need of data management system and flexible test system. Another segment which is expected to acquire significant share in the market is the Holter monitoring system which helps in identifying diagnose that happens during sleep, exercise, stress, etc. ECG management systems are web based systems used for management of data by distribution and storage of ECG, automating the processing, and other stress data developed from multiple sources. ECG management systems are designed such that they provide the capability to review, store, transmit and edit the ECGs from health centers assisting doctors to monitor patient from remote locations.
Market is driven by rise in aging population across the world, and rise in cardiac diseases such as heart arrhythmia, ischemic heart disease, heart rhythm disorders and heart attack. High cost of device restricts small hospitals and public hospitals in developing economies to purchase expensive ECG management systems. In addition, lack in knowledge towards use of such technologically advanced equipment also halts the growth of market, globally. The increase in investment by various market players and government agencies for commercialization and development of easy-to-use and sensitive equipment is likely to drive market growth in coming years.
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The market can be bifurcated on the basis of product type, technology, end-user, and geography. By product type, ECG Equipment & Management System Market can be segmented into Holter monitors, stress ECG monitors, resting ECG system, ECG management systems, and event monitoring systems. By technology, the ECG equipment & management system market can be segmented into single lead devices, 3-6 lead devices, and 12 lead devices. Based on end-user, the market can be segmented into hospital ECG monitors, ambulatory care ECG monitors. On the basis of geography, the market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
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Market ECG Equipment & Management System Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Product Type, Technology, End-User, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter’s Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
Some of the major players involved in the supply of ECG equipment & management systems include BioTelemetry, Inc.; Compumed Inc.; GE Healthcare; Mindray Medical; Hill Rom; Nihon Kohden Corporation; Philips Healthcare; Schiller AG; Spacelabs Healthcare; Welch Allyn; CardioComm Solutions, Inc.; McKesson Corporation; Device Technologies; and Meditech among others.
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Market By Product Type
Stress ECG Monitors
Resting ECG System
ECG Management Systems
Event Monitoring Systems
Market By Technology
Single lead devices
3-6 lead devices
12 lead devices markets
Market By End-User
Hospital ECG monitors
Ambulatory Care ECG monitors
Market By Geography
o Rest of Europe
o Rest of Asia-Pacific
o Rest of LATAM
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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