Diagnostic Electrocardiograph Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increasing occurrence of cardiovascular diseases, rise in geriatric population and development of advanced and affordable remote monitoring devices drive the growth of the Diagnostic Electrocardiograph Market.
Diagnostic Electrocardiograph Market is valued at USD 9654.9 Million in 2018 and expected to reach USD 16333.5 Million by 2025 with a CAGR of 7.80 % over the forecast period.
Diagnostic Electrocardiography is the method of electrical indications related with cardiac actions and yields a graphic record of voltage against time. ECG assists in diagnosis and treating some categories of heart diseases, determines an individual’s response to drug treatment and reveals changes in heart activities. It is very commonly performed to notice any cardiac problem.
Global diagnostic electrocardiograph market report is segmented on the basis of product type, lead type, end-users and region & country level. Based upon product type, global diagnostic electrocardiograph market is segmented into resting & stress ECG systems and holter monitors system. Based on lead type, the diagnostic electrocardiograph market is segmented in to 12 lead, 3–6 lead, single lead, and others. Based upon end-users, global diagnostic electrocardiograph market is segmented into home/ambulatory care, hospitals, research centers, nursing homes and others.
The regions covered in this Diagnostic Electrocardiograph Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Diagnostic Electrocardiograph is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Diagnostic Electrocardiograph Market Report-
Some major key players for global Diagnostic Electrocardiograph market are BPL Ltd, Cardiac Science Corp, Cardionet, Inc, Fukuda Denshi Co, Ltd, GE Healthcare, Medtronic, Inc, Midmark Corp, Mindray Medical International Ltd, Mortara Instrument, Inc, Nihon Kohden Corp, Philips Healthcare, Scottcare Corp, Schiller Ag, Spacelabs Healthcare, Inc, Welch Allyn Inc and others.
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Global Diagnostic Electrocardiograph Market Dynamics – Increasing global prevalence of irregular heartbeat due to the changes in heart’s structure such as, coronary heart disease, cardiomyopathy, and diabetes ware some of factors augmenting the market growth. As per the Journal of Geriatric Cardiology, in 2013 around 33.5 million people (20.9 million men and 12.6 million women) across the world were diagnosed with atrial fibrillation. However, problems associated with electrocardiographs like unfavorable reimbursement policies may hamper the growth of this market. Moreover, stable technological advancement in electrocardiograph devices along with the expansion of remote monitoring devices may add vital opportunity to the growth of diagnostic electrocardiograph market.
North America is Expected to Dominate the Global Diagnostic Electrocardiograph Market:- The global diagnostic electrocardiograph market is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). North America dominates the growth of the market due to large patient pool. Europe stands second position in diagnostic electrocardiograph market due to the increasing prevalence of circulatory system disease with considerable burden on healthcare system fuels the growth of market in this region. Asia-Pacific region is expected to witness a significant growth in the market owing to high population base, rising disposable income and advancing healthcare infrastructure.
Key Benefits for Global Diagnostic Electrocardiograph Market Report –
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Global Diagnostic Electrocardiograph Market Segmentation:-
By Product Type:
Resting & Stress ECG Systems, Holter Monitors system
By Lead type:
12 lead, 3–6 lead, Single lead, others
Home/Ambulatory care, Hospitals, Others
North America (US., Canada), Europe (UK., France, Germany, Italy), Asia Pacific (China, Japan, India, Southeast Asia), Latin America (Brazil, Mexico), Middle East and Africa (GCC, Africa, Rest of Middle East and Africa)
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