ECG Equipment & Management System Market Size Is Estimated To Reach $33.41 Billion By 2025: Grand View Research, Inc.
The
global ECG equipment and management market is expected to
reach USD 7.63 million by 2025, according to a new report by Grand View
Research, Inc. Increase in geriatric population across the world coupled with
rise in cardiac diseases are likely to drive the market during the forecast
period.
Furthermore,
increase in investment by various market players and government agencies for
development and commercialization of various sensitive and easy-to-use
equipment is likely to drive market growth. For instance, in April 2017,
CardioComm Solutions, Inc. entered into a conglomerate with CareSpan USA Inc.
to incorporate CardioComm's cloud-based ECG analysis tools into CareSpan’s
Virtual Clinic. This would help in remote analysis of 1, 3, and 12 lead ECG
data for online patient care.
In
September 2017, the U.S. FDA approved app-driven, easy-to-clean, and fully
reusable ECG device manufactured by NimbleHeart. The device wraps around user’s
torso and is used without electrolytic gels and adhesive. Hence, the device can
be cleaned easily, thereby, making the product ideal for multipatient use.
U.S. ECG
equipment and management system market by type, 2014 - 2025 (USD Million)
Browse full
research report on ECG Equipment & Management System Market: http://www.grandviewresearch.com/industry-analysis/ecg-management-systems-market
Further
key findings from the report suggest:
- Rising incidence of cardiac diseases and
growing geriatric population are expected to propel the growth of the
market with a CAGR of 5.8% from 2017 to 2025
- Resting ECG system segment accounted for the
highest share of the market and is expected to witness significant growth
during the forecast period. This can be attributed to the availability of
several commercial products and improved clinical accuracy due to advanced
data analysis tools to detect heart related problems.
- Management system segment is witnessed to be
the fastest growing segment in the forecast period owing to introduction
of innovative products such as mobile access to waveforms, ease of use, and
increased efficiency.
- Geographically, North America was the major
contributor in the ECG equipment and management market in 2016. It is
anticipated to maintain its dominance during the forecast period due to
demand for portable monitoring & diagnostic devices, adoption of new
technologies, and product launches.
- The market in Asia Pacific is likely to witness
significant growth over the next decade owing to increasing investments
and entry of key market players in the region, and growing healthcare
expenditure and disposable income, in major markets, such as Japan and
China.
- Some of the key players are BioTelemetry, Inc.;
Compumed Inc.; GE Healthcare; Mindray Medical; Hill Rom; NIHON KOHDEN
CORPORATION; Philips Healthcare; Schiller AG; Spacelabs Healthcare; Welch
Allyn; CardioComm Solutions, Inc.; McKesson Corporation; Device
Technologies; and Meditech.
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global ECG equipment and management
market on the basis of type and region:
By Type
Outlook (Revenue, USD Million, 2014 - 2025)
- Holter
Monitors
- Resting ECG
System
- Stress
ECG Monitors
- Event
Monitoring Systems
- ECG
Management Systems
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-ecg-equipment-management-system-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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