ECG (Electrocardiogram) Device is a device which records the heart activities through electric signals and are amplified on the ECG monitor. ECG devices are used to diagnose types of heart diseases and arrhythmias in a person’s body therefore assist the appropriate therapy. The ECG test is noninvasive and painless procedure and determines abnormality patterns in heart. There are four different types of ECG device which determine heart activities of body under certain condition or activities.
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Some key market participants included in the PMR’s ECG Device market
- GE Healthcare,
- Koninklijke Philips N.V,
- Welch Allyn (Hill-rom company, Inc.),
- Schiller AG, Fukuda Denshi Co. Ltd.,
- Nihon Kohden Corporation,
- Mortara Instrument, Inc.,
- Spacelabs Healthcare, Inc.
Delving Deeper into the ECG Device Market
Chronic diseases have become a major cause of diseases globally which is causing a lot of pressure on healthcare industry to adopt new paradigm of medical care and better healthcare facilities boosting the demand for new technologies. Cardiovascular disease is one of the most common of all health problems and leading cause of deaths globally. To avoid the risk associated with heart disease, ECG tests are conducted with regards to people who are likely to be exposed to the factors causing heart disease. Due to increased awareness about CVD, patient monitoring devices are gaining importance over years due to ease of operation and quick results.
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Drivers to the ECG Device Market
Development in ECG devices and increase in global disease burden will drive the market growth for ECG devices over the forecast period. ECG device market has established market players along with OEMs and small players which are expanding their markets to cover larger market share into the emerging economies. Due to high competitiveness in the market players, ECG device market is fueled by bringing innovation.
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By region, the global ECG device market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa The high adoption rate of new technology is expected to boost the market in the U.S. for ECG holter monitoring devices. The U.S. is expected to remain dominant market for ECG devices whereas APAC region is expected to witness highest growth due to large number of population suffering from cardiovascular diseases and increase in budding manufacturers providing ECG device at competitive prices.
The global ECG device market is segmented on the basis of: