GLOBAL INDUSTRY INSIGHT:

ECG Devices Market Size, Share, Development, Growth and Demand Forecast to 2020

Global ECG Devices Market Size, Share, Development, Growth

and Demand Forecast to 2020

The global electrocardiogram (ECG) devices market is witnessing growth, due to high incidences of

cardiovascular diseases and large geriatric population. Based on product type, the resting systems segment leads

the global ECG devices market; whereas, the Holter monitor systems segment is the fastest growing segment of

the market. The hospitals segment is the largest and the fastest growing end-user segment, in the global ECG

devices market, which is driven by technological advancements for the development of ECG devices. The high

healthcare provider’s compliance for ECG devices and massive unexplored ECG devices market in the emerging

economies is creating ample opportunities for the growth of the global ECG devices market, in the coming years.

The advanced research and development activities and new product developments by the major players are

supporting the demand with better and cost effective ECG devices, thus fuelling the growth of the global ECG

devices market.

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The increasing number of collaboration among key players for the development and manufacturing of the ECG

devices is a trend witnessed in the global ECG devices market. ECG refers to the process of monitoring the heart

activity over a period of time. It is the most commonly used test to detect heart diseases and monitor heart

activity, while undergoing the treatment of heart diseases, cancer, and other diseases. ECG devices record the

electrical activity of the heart to detect any damage to the heart, its positioning, and effects of the drugs on heart.

ECG devices have applications in surgical procedures ranging from cardiovascular to cancer.

The various types of cardiovascular diseases include coronary heart disease, rheumatic heart disease, peripheral

arterial disease, congenital heart disease, deep vein thrombosis, and pulmonary embolism. Some of the major

risk-leading habits towards cardiovascular diseases are high blood pressure, high blood cholesterol, diabetes,

smoking and obesity. According to the WHO, cardiovascular diseases are the major cause of all deaths

worldwide. The organization also reported that 17.5 million people died from cardiovascular diseases in 2012,

representing 31% of the global death toll.

Some of the factors driving the growth of the global ECG devices market are increasing healthcare expenditure,

growing lifestyle related diseases, improving healthcare infrastructure. In addition, the increasing adoption of

technologically advanced ECG devices in hospitals and ambulatory care settings, and high investments for the

development and manufacturing of ECG devices by major players are fueling the growth of the global ECG

devices. However, the high cost of advanced ECG devices, stringent regulatory requirements for the approval of

ECG devices, and saturation of ECG devices market in the developed economies, such as the U.S. and

Germany, are some of the factors restraining the growth of the global ECG devices market to some extent.

Geographically, North America leads the global ECG devices market due to high prevalence of cardiovascular

diseases, increased healthcare expenditure, and large proportion of older population. In addition, the high

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Global ECG Devices Market Size, Share, Development, Growth

and Demand Forecast to 2020

investment by major players for the development of ECG devices and technological advancements are further

fueling the growth of the ECG devices market in North America. Asia-Pacific is the fastest growing region in the

global ECG devices market, which is driven by growing healthcare expenditure, high prevalence of cardiovascular

diseases, and improving healthcare infrastructure. Moreover, the Asia-Pacific ECG devices market is growing

rapidly due to increasing awareness about ECG devices among patients and healthcare providers, and growing

research and development activities in the emerging economies, such as India and China.

Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices

The key players operating in the global ECG devices market are General Electric Company, Mindray Medical

International Limited, Koninklijke Philips N.V., Spacelabs Healthcare (a subsidiary of OSI Systems Inc.),

CardioNet Inc., Schiller AG, Compumed Inc., Welch Allyn, and Nihon Cohden Corporation.

Report Coverage

Global ECG Devices Market, By Product Type

Holter Monitor Systems

Resting Systems

Stress Systems

Global ECG Devices Market, By End-User

Ambulatory Care

Hospital

Others

Global ECG Devices Market, By Geography

North America

Europe

Asia-Pacific

Latin America

Rest of the World

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Global ECG Devices Market Size, Share, Development, Growth

and Demand Forecast to 2020

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