Mobile ECG Devices Market : Key Growth Factors and Industry Analysis 2017-2027
Mobile ECG Devices Market: - Drivers and Restraints
Rise in the incidence of cardiovascular diseases with changing lifestyle patterns and growing population.
Along with incidence, a large proportion of patients requires long-term care, and there is a need to decrease the hospital stay. These factors were shifting the focus towards a mobile ECG devices. Because of these factors, there is a growing demand for mobile ECG device because they are inexpensive and even disposable and are much easier to use when compared to the traditional ECG equipment. Increased Healthcare investments for early detections of cardiovascular diseases and regulatory support boosting the Mobile ECG device market. All these factors are driving the growth of the mobile ECG device market towards incremental growth.
Technical issues of the device and reimbursement hurdles are acts as restraints. Along with these factors, market saturation is also increasing the competition in the mobile ECG device market.
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Mobile ECG Devices Market: - Segmentation
Segmentation based on Modality
Segmentation based on End User
Mobile ECG Devices Market: - Market Overview
The global mobile ECG device market will expand on the back of rising demand due to increasing healthcare concerns. It is a burgeoning market which is getting benefit from escalated public expenditure on the healthcare sector, increasing awareness of the cardiovascular diseases and technological advancements. The Mobile ECG Device market growth is fuelled by emerging telemedicine, tele-reporting services, and self-monitoring and the trend is shifting toward miniaturization and portability. The future is anticipated to growth with double CAGR during the forecast period.
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Mobile ECG Devices Market: - Region-Wise Overview
Global spectroscopy intravascular imaging system market is segmented in to following regions North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East and Africa. North America is dominating the global mobile ECG devices market by size, but the growth rate is slow when compared to Asia due to the saturation of the market. Asia-Pacific is a fastest growing region of the mobile ECG device market due to increased incidence and growing awareness about the heart diseases. The growth in Europe is significant but comparatively slow due to the rising government concerns. The growth rate of mobile ECG device market is high in the developing countries due to growing manufacturing companies. The growth in the Middle East and African countries is still low because of the weak healthcare policies.
Mobile ECG Devices Market: - Key Participants
Key participants in the Mobile ECG device market are MD Biomedical Inc, Thor, Bittium Biosignals Ltd, Mednet Healthcare Technologies, Inc., CardioComm Solutions, Inc, GETEMED AG, Philips N.V., General Electric Company, and other. The companies are mainly focusing on technological advancements due to high competition in the mobile ECG device market.
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