Keen Insight for Industry Trend: Diagnostic Electrocardiograph (ECG) Market Will Worth USD 7,309 Million by 2026
ECG devices are most commonly used devices as primary diagnosis of heart related ailments, as ECG interpretation is an efficient method to measure and diagnose arrhythmia, as well as the adverse health conditions that are associated with abnormal heart beat.
Diagnostic Electrocardiograph (ECG) Market Conspectus
Global Diagnostic Electrocardiograph (ECG) Market Report demonstrated that Diagnostic Electrocardiograph (ECG) market is poised to present surging growth during the predicted period from USD 4,804 million in 2019 to reach USD 7,309 million by 2026 with a CAGR of 6.18%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the Diagnostic Electrocardiograph (ECG) market development. A distinctive and comprehensive picture of Diagnostic Electrocardiograph (ECG) is embodied in the report.
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Major Participators Landscape
The diagnostic electrocardiogram (ECG) market is highly fragmented, based on new product releases and clinical results of the product. As a result, key players use a variety of strategies, such as new product launches, clinical trials, marketing plans, high R&D expenses, agreements, joint ventures, partnerships, acquisitions, etc., to increase their footprint in this market. Key market players covered in the report such as GE Healthcare, Philips, BioTelemetry, Suzuken, Fukuda Denshi, Welch Allyn, Mortara Instrument, NIHON KOHDEN, Spacelabs Healthcare, Mindray Medical, Schiller AG, Innomed, EDAN, and etc.
Market Dynamics Abstract
l Rising prevalence of cardiovascular diseases and lifestyle-related diseases
l Increasing aging population
l Affordable remote monitoring devices
l Emerging economies such as Asia-Pacific
l Technological developments
l Developing healthcare infrastructure
l The growing need for a faster, safer and effective method of diagnosis and treatment of diabetes
Market Challenges Abstract
l Unfavorable reimbursement policies
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Diagnostic Electrocardiograph (ECG) Type Abstract
On the basis of the type, the Diagnostic Electrocardiograph (ECG) can be bifurcated into Resting, Stress, Holter Monitor, and Other. The Holter Monitor segment will be the fastest growing segment by 2026.
Diagnostic Electrocardiograph (ECG) Application Abstract
The end-user segment of the diagnostic electrocardiograph market is categorized into Hospitals, Home/Ambulatory and others. The hospital segment of the market is sub-segmented into large, medium, and small, whereas the others segment, is sub-divided into Research Center, Physician Office, Nursing Homes, and Others.
Key Regions Overview
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
North America is the largest market with a proportion of 36.74%, followed by Europe and Asia-Pacific, accounting for 30.19% and 24.02% respectively. In terms of revenue, North America was the most dominant region with annual sales of roughly USD 1,419 million in 2018. The North America market is expected to continue to dominate over the forecast period due to the rising in number of geriatric populations, increasing demand for minimal invasive procedure and high per-capita income.
Europe, on the other hand, witnesses a slow growth in the forecast period. The growth of this region is expected to be sluggish with a lower compound annual growth rate owing to factors such as the uneven reimbursement policies.
The Asia-Pacific regions include India, Japan, China, Myanmar, Brazil and other Asian countries. This region is expected to show lucrative growth on account of the increasing disposable income, high population base and improving healthcare infrastructure.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Diagnostic Electrocardiograph (ECG) Market
2 Market Trends and Competitive Landscape
3 Segmentation of Diagnostic Electrocardiograph (ECG) Market by Types
4 Segmentation of Diagnostic Electrocardiograph (ECG) Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Diagnostic Electrocardiograph (ECG) Market in Major Countries
7 North America Diagnostic Electrocardiograph (ECG) Landscape Analysis
8 Europe Diagnostic Electrocardiograph (ECG) Landscape Analysis
9 Asia Pacific Diagnostic Electrocardiograph (ECG) Landscape Analysis
10 Latin America, Middle East & Africa Diagnostic Electrocardiograph (ECG) Landscape Analysis
11 Major Players Profile
11.1 GE Healthcare
11.1.1 GE Healthcare Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Philips
11.3 BioTelemetry
11.4 Suzuken
11.5 Fukuda Denshi
11.6 Welch Allyn
11.7 Mortara Instrument
11.8 NIHON KOHDEN
11.9 Spacelabs Healthcare
11.10 Mindray Medical
11.11 Schiller AG
11.12 Innomed
11.13 EDAN
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Target Audience:
Technology providers
Diagnostic Electrocardiograph (ECG) industry associations
Product managers, Diagnostic Electrocardiograph (ECG) industry administrator, C-level executives of the industries
Market Research and consulting firms
Healthcare Organization
Research & Clinical Laboratories
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