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ECG Equipment & Management System Market Analysis By Type (Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, ECG Management System), By Region, And Forecasts 2014-2024
Electrocardiogram (ECG) devices record and test the cardio activity electrically. The electrical impulse that is generated by cardiac tissues is recorded by ECG by polarization and depolarization mechanism. ECG devices are of excessive help to physicians and cardiologist for proper and early detection of cardiac disorders and diagnosis like inflammation of heart, abnormal heart rhythm, congenital heart defect, poor supply of blood to the arteries and many more. ECG stress test system is one of the dominant segments of this market, due to the increasing need of data management system and flexible test system. Another segment which is expected to acquire significant share in the market is the Holter monitoring system which helps in identifying diagnose that happens during sleep, exercise, stress, etc. ECG management systems are web based systems used for management of data by distribution and storage of ECG, automating the processing, and other stress data developed from multiple sources. ECG management systems are designed such that they provide the capability to review, store, transmit and edit the ECGs from health centers assisting doctors to monitor patient from remote locations.
Market Dynamics
Market is driven by rise in aging population across the world, and rise in cardiac diseases such as heart arrhythmia, ischemic heart disease, heart rhythm disorders and heart attack. High cost of device restricts small hospitals and public hospitals in developing economies to purchase expensive ECG management systems. In addition, lack in knowledge towards use of such technologically advanced equipment also halts the growth of market, globally. The increase in investment by various market players and government agencies for commercialization and development of easy-to-use and sensitive equipment is likely to drive market growth in coming years.
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Market Classification
The market can be bifurcated on the basis of product type, technology, end-user, and geography. By product type, ECG Equipment & Management System Market can be segmented into Holter monitors, stress ECG monitors, resting ECG system, ECG management systems, and event monitoring systems. By technology, the ECG equipment & management system market can be segmented into single lead devices, 3-6 lead devices, and 12 lead devices. Based on end-user, the market can be segmented into hospital ECG monitors, ambulatory care ECG monitors. On the basis of geography, the market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
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Report Coverage
Market ECG Equipment & Management System Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Product Type, Technology, End-User, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter’s Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
Market Participants
Some of the major players involved in the supply of ECG equipment & management systems include BioTelemetry, Inc.; Compumed Inc.; GE Healthcare; Mindray Medical; Hill Rom; Nihon Kohden Corporation; Philips Healthcare; Schiller AG; Spacelabs Healthcare; Welch Allyn; CardioComm Solutions, Inc.; McKesson Corporation; Device Technologies; and Meditech among others.
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Market Segmentation
Market By Product Type
Holter Monitors
Stress ECG Monitors
Resting ECG System
ECG Management Systems
Event Monitoring Systems
Market By Technology
Single lead devices
3-6 lead devices
12 lead devices markets
Market By End-User
Hospital ECG monitors
Ambulatory Care ECG monitors
Market By Geography
North America
o U.S.
o Canada
o Mexico
Europe
o UK
o France
o Germany
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of LATAM
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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About Us
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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