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14th
May 2019 - Diagnostic
electrocardiographs are the diagnostic devices that display electrical activity
of the patient’s heart. It exhibits abnormal working or movements of the heart
and help surgeons in further diagnostics and treatments. Diagnostic
electrocardiograph analyses heart attack issues detect health issues that
change the body’s electrolytes balance, like magnesium and potassium, and other
issues, such as overdose of different types of drugs. Global diagnostic electrocardiograph (ECG) market is
predicted to grow considerably in the coming years due to increase in number of
cardiovascular disorders.
The major driving factors of diagnostic electrocardiograph (ECG) market
include growing geriatric population, developments in enhanced and affordable
remote monitoring systems, growing disorders, such as hypertension and
diabetes, rise in investment in the ECG research and development, and growing
number of hospitals. Moreover, improving healthcare infrastructure in the
emerging economies and continuous technological advancements in ECG devices are
fuelling the diagnostic ECG market. However, unsupportive reimbursement
policies, significant cost of devices, and unstable economic conditions are
expected to hamper the market growth.
Developing economies of Asia Pacific is expected to offer lucrative
opportunities to the market. This can be attributed to the rise in number of
hospitals, growing population, and rise in number of cardiovascular disorders.
Additionally, enhanced technologies like wireless technologies is also expected
to offer growth opportunities to the market.
Diagnostic electrocardiograph (ECG) market is categorized on the basis of
product type, lead type, applications, and geography. On the basis of product
type, market is divided into resting ECG systems, halter monitors, and stress
ECG monitors. Halter monitors segment is predicted to grow significantly in the
forecast period due to growing investment in ECG by hospitals and increase in
number of hospitals.
Based on lead type, market is divided into single lead type ECG devices,
12 lead type ECG devices, 3 to 6 type ECG devices, and other ECG devices. 3 to
6 lead type ECG devices segment is projected to hold larger share of the market
due to high efficiency offered by these devices and cost efficiency.
In terms of application, diagnostic electrocardiograph market is
bifurcated into clinics, hospitals, ambulatories, home healthcare settings,
nursing homes, research centre, ambulatory care, physician office, and others.
Owing to rise in hospitals and significant investments in the domain, hospitals
segment is expected to lead the market.
Geographically, market is divided into North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa. North America is expected
to dominate the market in future due to growing geriatric population, rise in
disposable income of consumers, and high demand for minimally invasive
treatments. Asia Pacific is also expected to contribute considerably in future
due to growing population base and improving healthcare infrastructure in the
region.
The major players in diagnostic electrocardiograph (ECG) market comprise
Edan Instruments, Inc., Schiller AG, Philips Healthcare, GE Healthcare, Mindray
Medical, Cardionet, Spacelabs Healthcare, Mortara Instrument Inc., Nihon Kohden
Corporation, CompumedInc, and Welch Allyn among others.
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