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Key Companies Covered successful the Global ECG Devices Market Research Report by Research Nester are GE Healthcare, SCHILLER AG, Nihon Kohden Corporation, Ambu A/S, Medtronic plc, Koninklijke Philips, ACS Diagnostics, Hill-Rom Holdings, BPL Medical Technologies, BioTelemetry, Inc., and different cardinal marketplace players.
New York, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Research Nester has published a elaborate marketplace study connected ‘Global ECG Devices Market’ for the forecast period, i.e. 2022 – 2031 which includes the pursuing factors:
Market maturation implicit the forecast period
Detailed determination synopsis
Market segmentation
Growth drivers
Challenges
Key marketplace players and their elaborate profiling
Global ECG Devices Market Size:
The planetary ECG devices marketplace is estimated to grow astatine a CAGR of ~7% implicit the forecast period. The marketplace generated a gross of ~USD 6 Billion successful the twelvemonth 2021 and is further projected to scope ~USD 12 Billion by the extremity of 2031. To assistance place and support way of bosom abnormalities, an ECG is often utilized successful conjunction with different testing. Hence the increasing prevalence of cardiovascular illness is expected to thrust the maturation of the market. The World Health Organization estimates that 17.9 cardinal deaths globally hap each twelvemonth arsenic a effect of CVDs, oregon 32% of each fatalities. Heart attacks and strokes relationship for 85% of CVD mortality.
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In bid to supply due treatment, ECG devices are used. It has proved to place irregular enactment successful the bosom by being painless. Further, motorboat of precocious ECG devices is expected to boost the maturation of the marketplace implicit the forecast period. For instance, Koninklijke Philips has introduced the archetypal 12-lead ECG integrated precocious solution for distant objective studies. It integrates clinical, location-based ECG information with the industry's apical cloud-based information gathering and investigation services from Philips.
Global ECG Devices Market: Key Takeaways
Asia Pacific to clasp the largest marketplace share
Hospitals conception to propel the highest growth
North America to garner the highest gross
Increasing Incidence of Heath Disease specified arsenic Rheumatic Heart Disease to Boost Market Growth
The incidence of rheumatic bosom illness successful expanding rapidly. Over 288 348 radical dice each twelvemonth from rheumatic bosom disease, the bulk of whom are successful low- oregon middle-income nations. Besides, it is besides seen affecting children and large women. Hence detecting it is indispensable for which ECG devices are used. Hence this origin is expected to summation the request for ECG devices.
In bid to debar the shortages of these devices determination has been surge successful exports of ECG devices each astir the satellite which successful crook is besides expected to boost the marketplace growth. In Italy, the export worth of electro-cardiographs accrued from the erstwhile twelvemonth to implicit USD 10 Million successful 2021.
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Global ECG Devices Market: Regional Overview
The planetary ECG devices marketplace is segmented into 5 large regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.
Growing Geriatric Populations to Drive Growth successful Asia Pacific Region
The ECG devices marketplace successful the Asia Pacific portion is estimated to garner the largest gross by the extremity of 2031. The maturation of the marketplace tin beryllium attributed to ample fig of radical suffering from cardiovascular diseases and increasing geriatric colonisation successful this region. In Asia and the Pacific, 1 successful 4 persons would beryllium older than 60 by 2050. Between 2010 and 2050, the fig of elder radical (those implicit 60) successful the portion volition quadruple, increasing to astir 1.3 billion. Growing property brings successful assorted wellness related issues amongst which cardiovascular illness successful one. Hence they are expected to beryllium much prone, truthful expanding the request for the ECG devices.
Increasing Prevalence of Cardiovascular Diseases to Favour Growth successful North America Region
Further, the North American portion is anticipated to summation the largest stock successful the ECG devices marketplace implicit the forecast play owing to the expanding prevalence of cardiovascular diseases. In the United States, bosom illness resulted successful the deaths of astir 697,000 radical successful 2020, accounting for 1 successful 5 fatalities. The large factors expected to origin cardiovascular diseases successful North America portion is obesity, diabetes, and increasing geriatric colonisation successful the portion further starring a boost successful maturation of the market.
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The survey further incorporates Y-O-Y growth, request & proviso and forecast aboriginal accidental in:
North America (U.S., Canada)
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Global ECG Devices Market, Segmentation by End-User
Hospitals
Clinics & Cardiac Centers
Ambulatory Surgical Centers
Others
The hospitals conception is estimated to clasp the highest gross by the extremity of 2031. Large fig of ECG devices are adopted by the hospitals to dainty patients facing immoderate bosom diseases. The electrical awesome from the bosom is recorded by an electrocardiogram (ECG oregon EKG), which is utilized to analyse the bosom for a assortment of diseases. In bid to grounds the electrical signals that origin the bosom to beat, electrodes are positioned connected the chest. Growing bosom failures hospitals admittance crossed the satellite is different important origin expected to thrust the maturation of this segment. For instance, bosom nonaccomplishment admissions deed a grounds precocious successful England, expanding by astir 30% from approximate 65,000 successful 2013/14 to supra 86,400 successful 2018/19.
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Global ECG Devices Market, Segmentation by Product and Services
Product
Resting ECG Devices
Stress ECG Devices
Holter Monitors
Implantable Loop Recorders
Event Monitors
MCT Devices
Smart ECG Monitors
Software
Service
The holter monitors conception is estimated to garner the largest stock by the extremity of 2031, owing to increasing cases of cardiac arrhythmias. In the beingness of precocious age, antheral sex, accepted cardiac hazard factors, chronic renal disease, and bosom failure, the likelihood of incidental bushed abnormalities is elevated. In the United States alone, atrial fibrillation affects astatine slightest 1 cardinal radical and is linked to higher mortality and changeable risks.
Global ECG Devices Market, Segmentation by Lead Type
12-
5-
3-
6-
Few of the well-known marketplace leaders successful the planetary ECG devices marketplace that are profiled by Research Nester are GE Healthcare, SCHILLER AG, Nihon Kohden Corporation, Ambu A/S, Medtronic plc, Koninklijke Philips, ACS Diagnostics, Hill-Rom Holdings, BPL Medical Technologies, BioTelemetry, Inc., and different cardinal marketplace players.
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Recent Developments successful the Global ECG Devices Market
In March 16, 2022, Medical-grade six-lead electrocardiograms (ECGs), obtained by patients utilizing an AliveCor KardiaMobile 6L ECG instrumentality extracurricular of a infirmary setting—at location oregon connected the go—will present beryllium delivered straight into GE Healthcare's MUSE Cardiac Management System for doctors to show and assess.
In July 28, 2021, the FDA has approved 2 AccuRhythm AI algorithms for usage with the LINQ II insertable cardiac monitor, according to Medtronic plc, the satellite person successful aesculapian exertion (ICM). AccuRhythm AI improves accusation physicians person truthful they whitethorn much accurately diagnose and dainty irregular bosom rhythms by applying artificial quality (AI) to bosom bushed lawsuit information gathered by LINQ II.
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