According to the report “Diagnostic Electro Cardiographs Market“, published by Market Data Forecast, the global market is projected to reach USD 5.43 billion by 2020, at a CAGR of 6.1% from 2015 to 2020.
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Diagnostic Electrocardiograph is a device used to record electrical activity of the heart by placing electrodes on a person’s body. The demand for ECG equipment is growing continuously and the advancements in technology provide greater opportunity for new products. Although successful products are existing in the market, scope of development is left behind which can be fulfilled by bringing in new ideas and technologies.
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Increasing aging population and growing incidence of lifestyle diseases along with Technological advancements in communication and portability features are the major factors driving the growth of the market. However unstable reimbursement regulations, high cost of devices and economic volatility are some of the key factors restraining the growth of the market.
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Global Market for Diagnostic Electro-Cardiographs is segmented by product, lead type and End User
1) By Product
• Resting ECG Systems,
• Stress ECG Systems and
• Holter Monitors
2) By Lead Type
• Single-Lead Type ECG Devices
• 3–6 Lead Type ECG Devices
• 12-Lead Type ECG Devices and
• Other Lead Type Devices
3) By End User
• Rehabilitation Centers
• Home /Ambulatory Care research centers
• Diagnostic Centers
• Physician Offices and
• Surgical centers
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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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