The global ECG Equipment Market is expected to reach USD 6.3 billion by 2022,
according to a new report by Grand View Research Inc. The rising incidences of
cardiovascular disorders and government initiatives to make people aware about
health check-ups are expected to boost market growth. In addition, the change
in the medical preference from acute intervention to preventive care is
expected to increase the demand for more accurate and cost-effective methods
for heart monitoring.
According to the WHO, in 2012, around 17.5 million people died due to cardiovascular diseases. This is due to the late diagnosis and absence of early symptoms as the patient fails to keep record of his vital signs.
Owing to the increasing incidences, government is undertaking various awareness programs. According to the American Heart Association (AHA), 56% women identified heart disease as a leading cause of death in 2012 as compared to 30% in 1997.
Access Research Report of ECG Equipment Market @
http://www.grandviewresearch.com/industry-analysis/ecg-equipment-market
Further key findings from the report suggest:
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
According to the WHO, in 2012, around 17.5 million people died due to cardiovascular diseases. This is due to the late diagnosis and absence of early symptoms as the patient fails to keep record of his vital signs.
Owing to the increasing incidences, government is undertaking various awareness programs. According to the American Heart Association (AHA), 56% women identified heart disease as a leading cause of death in 2012 as compared to 30% in 1997.
Access Research Report of ECG Equipment Market @
http://www.grandviewresearch.com/industry-analysis/ecg-equipment-market
Further key findings from the report suggest:
·
ECG
monitoring equipment has high future growth potential owing to changing trend
towards preventive care and new product innovation with data integration. In
February 2014, Medtronic launched its FDA approved Reveal LINQ. The upgraded version
of Reveal XT offers patient heart monitoring for three years with 20% more data
memory than its previous version.
·
ECG
stress testing systems is one of the dominating segments of the market. The
growing need for flexible stress systems and comprehensive data management is
driving the market for this segment. Quinton 9500 series from Cardiac Science
portable system allows physicians to optimize the examination space and enables
more data integrations.
·
Holter
monitoring systems is another segment, which is expected to gain significant
market share over the forecast period due to the fact that the system assists
in identifying arrhythmias that takes place during certain activities such as
exercise, stress, bowel movements, sleep, eating, and stress
·
2M
Engineering Ltd. launched the VitaMove 2S ExG movement and ECG-recorder, which
is equipped with 3-lead ECG holter, that combines daily activities with heart
rate events/trends, ECG, and derivatives such as Heart Rate Variability (HRV)
·
North
America dominated the market in 2014 and is expected to grow at a CAGR of 5.8%
over the forecast period. With major industry players situated in North
America, the innovations and upgrading rates are higher as compared to other
regions. In August 2015, InfoBionic along with Safeguard Scientists raised USD
8 million to commercialize Mome Kardia. Mome Kardia is a remote patient
monitoring system based on the cloud technology that could be worn around the
neck.
·
Asia
Pacific is expected to witness substantial growth during the forecast period
owing to the rising incidence rate of heart diseases and growing manufacturing
outsourcing in the region
·
According
to the Government of India, the prevalence of heart failure in the nation due
to hypertension, obesity, coronary heart disease, obesity, rheumatic heart
disease, diabetes ranges from 1.3 to 4.6 million and an annual incidence rate
of 491,600 to 1.8 million
·
As
per a report published by the Associated Chambers of Commerce and Industry of
India (ASSOCHAM), people have adopted unhealthy lifestyles along with
increasing stress levels, decreasing physical activity, tobacco smoking, and
increasing consumption of saturated fats
·
Industry
players are constantly fueling the market with newer technologies or upgrading
existing technology. In May 2015, CardioComm Solutions, Inc. launched
HeartCheck PEN. This Bluetooth wireless connectivity pen could be connected for
data acquisition with Android and Apple smartphones.
·
Apart
from technology innovations, many industry players are expanding their global
presence by signing distribution agreements with domestic distributors. In
October 2015, iNeedMD Holdings, Inc. signed a distribution agreement with
Clifton Africa Ltd. This one-year distribution agreement is worth USD 1.5
million.
·
Key
players of the ECG equipment market include Medtronic, GE Healthcare, Philips
Healthcare, Schiller AG, Nihon Kohden, CardioComm Solutions, Inc., and Johnson &
Johnson
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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