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(Medical-NewsWire.com, August 24, 2017 ) Middle-East and Africa Diagnostic Electro Cardiographs Market was worth $ 323.36 million in 2016 and estimated to be growing at a CAGR of 6.03%, to reach $433.29 million by 2021. Diagnostic Electrocardiograph is a device used to record electrical activity of the heart by placing electrodes on a person’s body.
Africa & Middle East Market for Diagnostic ECG Market is driven by major factors such as 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. Growing geriatric population and increasing prevalence of cardio vascular diseases are also helping in the growth of Global Diagnostic Electrocardiographs market. However unclear reimbursement policies, elevated cost of electrocardiograph devices and economic instability in these regions are the key factors restraining the growth of the market.
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Africa & Middle East Market for Diagnostic Electro Cardiographs is segmented into product, Lead type and End User. Product segment is further sub-segmented into Resting ECG Systems, Stress ECG Systems and Holter Monitors. On the basis of 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.
The resting ECG devices segment is the largest product segment owing to growing geriatric population and increasing prevalence of cardiovascular diseases such as hypertension. Holter diagnostic ECG device is estimated to be the fastest growing product segment due to technological advancements.
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On the basis of geography Africa & Middle-East market for diagnostic electrographs is analyzed under various regions namely Middle-East and Africa. Middle-East is the largest segment within this region owing to high healthcare expenditure and Africa is estimated to be the fastest growing region with a CAGR of XX%.
Some of the major companies covered in the report are BPL Ltd, Cardiac Science Corp, Fukuda Denshi Co., Ltd, GE Healthcare, Medtronic, Inc, Philips Healthcare, Spacelabs Healthcare, Inc, Mortara Instrument, Inc, Midmark Corp, Mindray Medical International Ltd, Nihon Kohden Corp, Scottcare Corp, Schiller Ag, Welch Allyn Inc and Cardionet
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