San Francisco, 13 March 2019: The Report U.S. ECG Equipment Market Size, Share & Trends Analysis Report By Type
(Resting ECG, Holter Monitors, Stress ECG Monitors, Event Monitors), By End
Use, By Region, And Segment Forecasts, 2019 - 2026
The U.S. ecg equipment market size is expected to reach USD 2.8 billion by 2026, based
on a new report by Grand View Research, Inc., registering a 5.7% CAGR during
the forecast period. Rise in prevalence of cardiovascular diseases in the
country, availability of various monitoring devices, and technological
advancements are among key factors driving the U.S. electrocardiograph device
market.
Increase in investment by various market
players and the U.S. government for development and commercialization of
various easy-to-use equipment is also likely to drive the market. For instance,
in September 2017, the U.S. FDA approved an app-driven, easy-to-clean, and
fully reusable ECG device manufactured by NimbleHeart. The device can be
wrapped around a user’s torso and used without electrolytic gels and adhesives.
Hence, it can be cleaned easily, thereby making the product ideal for
multi-patient use.
In May 2018, Preventice Solutions launched
BodyGuardian Mini, a reusable long-term and smallest Holter technology for
cardiac monitoring. The new technology includes an ultra-small cardiac monitor
that can measure ECG up to 14 days and can transfer data to a physician in an
easy-to-read report. Hence, launch of such technologically advanced products to
address the needs of physicians and patients is expected to boost market growth
in the coming years.
Access Research Report of U.S. ECG Equipment Market @ www.grandviewresearch.com/industry-analysis/us-ecg-equipment-market
Further key findings from the study suggest:
· Rising incidence of cardiac diseases and
growing geriatric population are expected to propel market growth in the coming
years
· By type, the resting ECG system segment
accounted for the largest share in the market and is expected to witness
significant growth during the forecast period. This can be attributed to
availability of several commercial products, improved clinical accuracy due to
advanced data analysis tools to detect heart-related problems, and high penetration
in large hospitals
· The Holter monitor segment is expected to
witness the fastest growth over the forecast period owing to portability of
these devices, cost-effectiveness, and ability to record heart’s electrical
activity for a longer duration
· By end use, hospitals accounted for the
largest share in 2018 as majority of patients rely on hospitals than other
healthcare facilities due to the availability of well-equipped devices and
latest monitoring software
· Based on geography, the south region accounted
for the dominant share in 2018 and is expected to maintain its lead throughout
the forecast period due to a large target population and presence of a high
number of hospitals
· Advancements in medical technology and
availability of portable ECG devices have led to an increase in diagnosis rate,
as these systems facilitate immediate transfer of data pertaining to outpatient
procedures. This is expected to drive demand for ambulatory care centers during
the forecasts period
· Some of the key players are BioTelemetry,
Inc.; CardioComm Solutions, Inc.; Compumed Inc.; GE Healthcare; Mindray
Medical; Hill Rom; NIHON KOHDEN CORPORATION; Philips Healthcare; Schiller AG;
Spacelabs Healthcare; Welch Allyn; and McKesson Corporation.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the U.S.
ECG equipment market by type, end use, and region:
U.S. ECG Equipment Type Outlook (Revenue,
USD Million, 2015 - 2026)
·
Resting ECG System
·
Holter Monitors
·
Stress ECG Monitors
·
Event Monitors
U.S. ECG Equipment End-use Outlook
(Revenue, USD Million, 2015 - 2026)
·
Hospitals
·
Ambulatory Care
·
Others
U.S. ECG Equipment Region Outlook (Revenue,
USD Million, 2015 - 2026)
·
Northeast
·
Midwest
·
South
·
West
Access Press Release of
U.S. ECG Equipment Market@ www.grandviewresearch.com/press-release/us-ecg-equipment-market-analysis
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.
For More Information: www.grandviewresearch.com
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