Diagnostic Electro Cardiographs Market Overview
Electrocardiographs detect electrical indications related to cardiac actions and produce a graphical record of voltage versus time. The ECG can diagnose and treat certain categories of heart disease and arrhythmias, determine a person’s response to drug therapy, and reveal changes or trends in cardiac activity. Multichannel electrocardiograph signals with two or more leads are often used in place of a single channel. Many electrocardiographs can perform ECG interpretation and automatic measurement as an optional or selectable function.
Technological advancements in communication, low power circuit design for safer ECG devices along with portability features, lower power consumption more accuracy and capacity to incorporate latest diagnostic features are the major factors driving the growth of the market. Increasing aging population and growing incidence of lifestyle diseases are also fuelling the growth of Global Diagnostic Electrocardiographs market. However unstable reimbursement regulations, high cost of devices and economic instability are the major factors hindering the growth of the market.
Diagnostic Electro Cardiographs Market Forecast Report (2018-2023)
Global Diagnostic Electro Cardiographs Market was worth $ 5122.21 million in 2018 and estimated to be growing at a CAGR of 6.1%, to reach $ 6887.07 million by 2023.
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Diagnostic Electro Cardiographs Market Segmentation
Global market for Diagnostic Electro Cardiographs is segmented by product, Lead type and End User. On the basis of Product the market is further sub segmented into Resting ECG Systems, Stress ECG Systems and Holter Monitors. By Lead Type market is further sub-segmented into Single-Lead Type ECG Devices, 3–6 Lead Type ECG Devices, 12-Lead Type ECG Devices and Other Lead Type Devices. By End user the market is segmented into Hospitals, Rehabilitation Centers, Home /Ambulatory Care research centers, Diagnostic Centers, Clinics, Physician Offices and surgical centers.
On the basis of geography global market for diagnostic electrographs is analyzed under various regions namely North America, Europe, Asia-pacific, Latin America and Middle-East and Africa. North America is the largest market for diagnostic electrocardiographs market due to innovations in technology and wide spread awareness about the advantages of electrocardiographs. Asia-Pacific is estimated to be the fastest growing region due to its high patient base and growing healthcare expenditure.
The major companies dominating this market for its products and services are
- BPL Ltd,
- Cardiac Science Corp,
- Fukuda Denshi Co., Ltd,
- GE Healthcare,
- Medtronic, Inc,
- Philips Healthcare,
- Spacelab’s Healthcare, Inc,
- Mortara Instrument, Inc,
- Midmark Corp,
- Mindray Medical International Ltd,
- Nihon Kohden Corp,
- Scott care Corp,
- Schiller Ag,
- Welch Allyn Inc
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