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(Medical-NewsWire.com, November 13, 2017 ) According to the report Diagnostic Electro Cardiographs Market, published by Market Data Forecast, the Global market was worth USD 4.55 billion in 2017 and estimated to be growing at a CAGR of 6.1%, to reach USD 6.11 million by 2022.
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Diagnostic Electro Cardiographs Market: Drivers & Restraints
Factors such as advancements in the communication technology, low power circuit design for safer ECG devices Market along with portability features, lower power consumption more accuracy and capacity to incorporate latest diagnostic features are the key drivers 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, a high cost of the devices and economic instability are the major factors hindering the growth of the market.
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Diagnostic Electro Cardiographs Market: Segmentation
• Resting ECG Systems
• Stress ECG Systems
• Holter Monitors
By Lead Type
• Single-Lead Type ECG Devices
• 3-6 Lead Type ECG Devices
• 12-Lead Type ECG Devices
• Other Lead Type ECG Devices
By End User
• Home/Ambulatory Care research centers
• Diagnostic Centers
• Rehabilitation Centers
• Physician Offices
• Surgical Centers
• North America
o United States
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
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Diagnostic Electro Cardiographs Market: Overview
The resting ECG devices segment accounted for the largest share owing to increasing aging population and growing incidence of cardiovascular diseases. Holter diagnostic ECG segment is projected to witness the fastest growth rate. This can be accredited to technological advancements, which have brought down the prices of these devices.
North America accounted for the largest share of the market due to innovations in technology and widespread 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.
Diagnostic Electro Cardiographs Market: Key Players
The Diagnostic Electro Cardiographs market is highly competitive with a large number of players. Some of the major Companies 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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