San Francisco, 3 December 2018: The global ECG equipment market is expected to reach USD 6.3 billion by 2022,
according to a new report by Grand View Research Inc. The rising incidences of
cardiovascular disorders and government initiatives to make people aware about
health check-ups are expected to boost market growth. In addition, the change
in the medical preference from acute intervention to preventive care is
expected to increase the demand for more accurate and cost-effective methods
for heart monitoring.
According to the WHO, in
2012, around 17.5 million people died due to cardiovascular diseases. This is
due to the late diagnosis and absence of early symptoms as the patient fails to
keep record of his vital signs.
Owing to the increasing
incidences, government is undertaking various awareness programs. According to
the American Heart Association (AHA), 56% women identified heart disease as a
leading cause of death in 2012 as compared to 30% in 1997.
Access Research Report
of ECG Equipment Market@ www.grandviewresearch.com/industry-analysis/ecg-equipment-market
Further key findings from the report suggest:
· ECG monitoring equipment has high future
growth potential owing to changing trend towards preventive care and new
product innovation with data integration. In February 2014, Medtronic launched
its FDA approved Reveal LINQ. The upgraded version of Reveal XT offers patient
heart monitoring for three years with 20% more data memory than its previous
version.
· ECG stress testing systems is one of the
dominating segments of the market. The growing need for flexible stress systems
and comprehensive data management is driving the market for this segment.
Quinton 9500 series from Cardiac Science portable system allows physicians to
optimize the examination space and enables more data integrations.
· Holter monitoring systems is another
segment, which is expected to gain significant market share over the forecast
period due to the fact that the system assists in identifying arrhythmias that
takes place during certain activities such as exercise, stress, bowel
movements, sleep, eating, and stress
· 2M Engineering Ltd. launched the VitaMove
2S ExG movement and ECG-recorder, which is equipped with 3-lead ECG holter,
that combines daily activities with heart rate events/trends, ECG, and
derivatives such as Heart Rate Variability (HRV)
· North America dominated the market in 2014
and is expected to grow at a CAGR of 5.8% over the forecast period. With major
industry players situated in North America, the innovations and upgrading rates
are higher as compared to other regions. In August 2015, InfoBionic along with
Safeguard Scientists raised USD 8 million to commercialize Mome Kardia. Mome
Kardia is a remote patient monitoring system based on the cloud technology that
could be worn around the neck.
· Asia Pacific is expected to witness
substantial growth during the forecast period owing to the rising incidence
rate of heart diseases and growing manufacturing outsourcing in the region
· According to the Government of India, the
prevalence of heart failure in the nation due to hypertension, obesity,
coronary heart disease, obesity, rheumatic heart disease, diabetes ranges from
1.3 to 4.6 million and an annual incidence rate of 491,600 to 1.8 million
· As per a report published by the Associated
Chambers of Commerce and Industry of India (ASSOCHAM), people have adopted
unhealthy lifestyles along with increasing stress levels, decreasing physical
activity, tobacco smoking, and increasing consumption of saturated fats
· Industry players are constantly fueling the
market with newer technologies or upgrading existing technology. In May 2015,
CardioComm Solutions, Inc. launched HeartCheck PEN. This Bluetooth wireless
connectivity pen could be connected for data acquisition with Android and Apple
smartphones.
· Apart from technology innovations, many
industry players are expanding their global presence by signing distribution
agreements with domestic distributors. In October 2015, iNeedMD Holdings, Inc.
signed a distribution agreement with Clifton Africa Ltd. This one-year
distribution agreement is worth USD 1.5 million.
· Key players of the ECG equipment market include
Medtronic, GE Healthcare, Philips Healthcare, Schiller AG, Nihon Kohden,
CardioComm Solutions, Inc., and Johnson & Johnson.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the global ECG equipments market on the basis of product type and
region:
ECG equipment type outlook (Revenue, USD Million, 2012 -
2022)
·
ECG Monitoring Equipment
·
Holter Monitoring Systems
·
Event Monitoring Systems
·
ECG Stress Testing Systems
ECG equipment regional outlook (Revenue, USD Million,
2012 - 2022)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
o
Spain
o
Italy
·
Asia Pacific
o
Japan
o
China
o
India
·
RoW
o
Australia
o Brazil
Access Press Release of
ECG Equipment Market@ www.grandviewresearch.com/press-release/global-ecg-equipment-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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