Single-lead ECG monitors are widely used to diagnose various heart related disorders
The global single-lead ECG monitors market is expected to witness robust growth and reach a significant market valuation by the end of the year of assessment (2017-2025). The single-lead ECG monitors market was valued at around US$ 344 Mn in 2017 and is estimated to touch a noteworthy valuation of more than US$ 730 Mn by the end of the year of assessment (2025). The global market for single-lead ECG monitors is expected to rise at a huge CAGR of 9.9% with respect to value throughout the period of forecast (2017-2025). This growth is pushed by the adoption of single-lead ECGs across the globe in application areas such as atrial fibrillation indications, conduction disorders, bradycardia and tachycardia. Moreover, the presence of chronic disorders and cardiovascular diseases has contributed to the increasing use of single-lead ECG monitors in hospitals, home care and other among end users. Also, the growth of the global single-lead ECG monitors market is backed up with increasing technological advancements in the medical device sector coupled with increasing distribution network and sales channels.
Increasing incidences of lifestyle diseases can present significant growth opportunities pertaining to the use of single-lead ECG monitors
There is an increasing prevalence of lifestyle diseases, such as heart diseases, atherosclerosis and stroke, obesity, diabetes type 2, and other diseases associated with alcohol consumption, smoking and high drug abuse. Owing to unhealthy lifestyle and diet, and increasing tobacco use and physical inactivity, heart diseases and stroke are the most common among individuals across the world. Raised glucose level, high blood pressure, overweight, high blood lipids and obesity are the primary symptoms of heart related disorders that can be measured in primary care facilities and hospitals. This has spurred the adoption of single-lead ECG monitors across end users in the globe.
Atrial fibrillation indications are the most recorded owing to increasing prevalence of heart related disorders across the globe
Atrial fibrillation segment in the application category is the most lucrative with a high market share and growth rate. The use of single-lead ECGs in detecting atrial fibrillation indications is growing at a significant rate since past years. In 2017, atrial fibrillation indications contributed to the overall sales of single-lead ECG monitors by reflecting a value of around US$ 166 Mn and is estimated to further grow to reach a value of about US$ 390 Mn by the end of the year of assessment (2025). This segment is also poised to register the highest growth rate and reflect a CAGR of 11.3% throughout the period of assessment.
Conduction disorders to show substantial demand for single-lead ECG monitors in the coming years
Conduction disorders segment in the application area of single-lead ECG monitors is estimated to reflect a market valuation of around US$ 235 Mn by the end of the period of assessment (2025) from a value a bit under US$ 123 Mn in 2017. This segment is the third largest growing segment with respect to use of single-lead ECG monitors and second largest in terms of value generated with the adoption of single-lead ECGs. On the other hand, the bradycardia application segment is expected to show comparatively slow growth in the adoption of single-lead ECG monitors in the coming years. This segment is the lowest in terms of market valuation and growth rate.
Explicit research process applied to glean relevant market insights
We have applied a unique research methodology that is a strong blend of secondary and in-depth primary research. Extensive primary interviews with key market players, stakeholders, market observers and experts are carried out to collect necessary data and information pertaining to various segments and across key regions. The data crunching and statistical analysis so performed undergoes multiple layers of validation to garner appropriate market insights which could benefit business by impacting critical decisions. The exhaustive research methodology has been applied to thoroughly understand and study the market for single-lead ECG monitors and the findings and insights have been skilfully crafted following a systematic structure in the new report single-lead ECG monitors market.
Research report on the global single-lead ECG monitors market offers support in every respect
The market research report on global single-lead ECG monitors is a comprehensive market research study which focuses on the global scenario and provides actionable acumen on various factors which influence the market which is possible with the help of strong data and statistical analyses. It delivers an unbiased view of the market by including analysis on various market segments across the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). The global research report on single-lead ECG monitors market has an in-depth weightage on statistics, figures, numbers and graphs which is based on a clear market definition. This will enable the reader to take informed decisions with the help of well-furnished insights. The upcoming trends and developments, new innovations in products and varying product portfolios, new acquisitions, end user analysis and much more actionable acumen give a 3600 view to the market ultimately providing the reader with necessary tools to devise strategies in order to establish firm grip in a particular region or in a particular segment in the global single-lead ECG monitors market.
A detailed competitive analysis covered in the research report
The global single-lead ECG monitors market research study covers competitive landscape that includes market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT analysis, pricing analysis, etc., of the various key players in the global single-lead ECG monitors market. Such an intelligence framework can be used to gain competitive advantage in the long run, especially helpful for new entrants in the single-lead ECG monitors market.
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