Global Echocardiography (ECG) Devices Market 2017-2021

  • ID: 4199022
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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ECG is a process of recording the electrical signals associated with cardiac activity over a period of time. It has become a routine part of any medical evaluation and has been used as a diagnostic test in the past seven decades. ECG is used for the diagnosis and treatment of various types of heart conditions such as myocardial infarctions (heart attacks) and arrhythmias (abnormal heart rhythms). ECG is a non-invasive procedure used for the diagnosis of heart conditions. The rising incidences of CVDs have led to the rise in the use of ECG devices. The ECG devices market is further segmented into resting ECGs, stress testing, cardiopulmonary stress testing, and Holter monitoring systems.

The analysts forecast the global echocardiography devices market to grow at a CAGR of 6.51% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global echocardiography devices market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Echocardiography Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- GE Healthcare
- Hill-Rom
- NIHON KOHDEN
- Philips Healthcare
- Schiller
- Spacelabs Healthcare

Other prominent vendors
- AliveCor
- Allengers
- AMEDTEC Medizintechnik Aue
- Applied Cardiac Systems
- ASPEL
- Beurer
- Biocare Bio-Medical Equipment
- Bionet
- Bionym
- (now Nymi)
- Cardiac Designs
- Cardinal Health
- CardioComm Solutions
- Cardioline
- CardioSecur
- Edan Instruments
- DMS Service
- DailyCare BioMedical
- Fukuda Denshi
- InfoBionic
- iRhythm Technologies
- Kalamed
- Medicomp
- MGC Diagnostics
- Midmark
- Nasiff Associates
- Planexta
- Qardio
- QRS Diagnostic
- REKA Health
- SunTech Medical
- Tenko International
- Zoncare Bio-Medical

Market drivers
- Reimbursement to physicians for ECG procedures in US.
- For a full, detailed list, view the full report

Market challenges
- High cost of ECG products and procedures.
- For a full, detailed list, view the full report

Market trends
- Integration of technologies to develop advanced ECG devices.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

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  • Bionym (now Nymi)
  • DailyCare BioMedical
  • InfoBionic
  • Nasiff Associates
  • REKA Health
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Background
  • Cardiac monitoring and its importance
  • ECG devices
PART 05: Market landscape
  • Market overview
  • Five forces analysis
PART 06: Market segmentation by product
  • Global resting ECG devices market
  • Global stress ECG devices market
  • Global Holter monitoring devices
  • Global cardiopulmonary stress testing devices market
PART 07: Market segmentation by end-user
  • Hospitals
  • Ambulatory surgical centers (ASCs)
  • Diagnostic centers
  • Others
PART 08: Geographical segmentation
  • ECG devices market in Americas
  • ECG devices market in EMEA
  • ECG devices market in APAC
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Integration of technologies to develop advanced ECG devices
  • Paradigm shift toward portable devices
  • High-growth potential of Holter monitors
  • Funding to companies for novel product development
PART 12: Vendor landscape
  • Competitive scenario
PART 13: Key vendor analysis
  • GE Healthcare
  • Hill-Rom
  • NIHON KOHDEN
  • Philips Healthcare
  • Schiller
  • Spacelabs Healthcare
  • Other prominent vendors
PART 14: Appendix
  • List of abbreviations
List of Exhibits

Exhibit 01: Global heart failure rate by age group 2015
Exhibit 02: Heart failure population in US between 2015-2030 (millions)
Exhibit 03: Transformation of cardiac monitoring
Exhibit 04: Global ECG devices market: Snapshot
Exhibit 05: Global ECG devices market 2016-2021 ($ millions)
Exhibit 06: Global ECG devices market: Overview
Exhibit 07: Factors impacting market growth 2016-2021
Exhibit 08: Global ECG devices market analysis: Developed and emerging markets
Exhibit 09: Five forces analysis
Exhibit 10: Global ECG devices market by product
Exhibit 11: Global ECG devices market by product 2016 and 2021
Exhibit 12: Global ECG devices market by product analysis 2016
Exhibit 13: Global ECG devices market by product: Lifecycle analysis 2016
Exhibit 14: Global ECG devices market by product 2016-2021 ($ millions)
Exhibit 15: Global ECG devices market by product 2016-2021
Exhibit 16: Global resting ECG devices market 2016-2021 ($ millions)
Exhibit 17: Key products in global resting ECG devices market
Exhibit 18: Drivers, challenges, and trends in global resting ECG devices market
Exhibit 19: Global resting ECG devices market by geography 2016
Exhibit 20: Global stress ECG devices market 2016-2021 ($ millions)
Exhibit 21: Key products in global stress ECG devices market
Exhibit 22: Drivers, challenges, and trends of global stress ECG devices market
Exhibit 23: Global stress ECG devices market by geography 2016
Exhibit 24: Global Holter monitoring devices market 2016-2021 ($ millions)
Exhibit 25: Key products in global Holter monitoring devices market
Exhibit 26: Drivers, challenges, and trends of global Holter monitoring devices market
Exhibit 27: Global Holter monitoring devices market by geography 2016
Exhibit 28: Global cardiopulmonary stress testing devices market 2016-2021 ($ millions)
Exhibit 29: Key products in global cardiopulmonary stress testing devices market
Exhibit 30: Drivers, challenges, and trends of global cardiopulmonary stress testing devices market
Exhibit 31: Global cardiopulmonary stress testing devices market by geography 2016
Exhibit 32: Global ECG devices market segmentation by end-user 2016
Exhibit 33: Global ECG devices market by geography 2016-2021
Exhibit 34: Global ECG devices market analysis by geography 2016
Exhibit 35: Geographical presence of global ECG devices market
Exhibit 36: An overview of cardiac diseases in US
Exhibit 37: ECG devices market in Americas 2016-2021 ($ millions)
Exhibit 38: ECG devices market in Americas: Analysis in various countries
Exhibit 39: ECG devices market in EMEA 2016-2021 ($ millions)
Exhibit 40: ECG devices market in EMEA: Analysis in various countries
Exhibit 41: ECG devices market in APAC 2016-2021 ($ millions)
Exhibit 42: ECG devices market in APAC: Analysis in various countries
Exhibit 43: Global ECG devices market by geography 2016-2021 ($ millions)
Exhibit 44: Global ECG devices market by geography 2016-2021 (%)
Exhibit 45: CPT coding and reimbursement for Holter monitoring and Medicare fee schedule for physicians
Exhibit 46: Number of CVD (hypertension) cases and Medicare providers in US 2011-2013
Exhibit 47: Product launches and market impact analysis
Exhibit 48: Cost analysis of products
Exhibit 49: Recall of ECG products and its market impact
Exhibit 50: Major technological advances in global ECG devices market
Exhibit 51: Market impact analysis: Portable ECG products
Exhibit 52: Market impact analysis: Funding for novel ECG development by investors
Exhibit 53: Strategies for large and small companies in global ECG devices market
Exhibit 54: Market share analysis 2016
Exhibit 55: Competitive structure analysis of global ECG devices market
Exhibit 56: Competitive parameters in global ECG devices market
Exhibit 57: Global ECG devices market: Competitive landscape analysis 2016
Exhibit 58: Featured ECG products
Exhibit 59: GE Healthcare: Strength assessment
Exhibit 60: GE Healthcare: Strategy assessment
Exhibit 61: GE Healthcare: Opportunity assessment
Exhibit 62: Featured ECG products: Welch Allyn
Exhibit 63: Featured ECG products: Mortara Instrument
Exhibit 64: Hill-Rom: Key highlights
Exhibit 65: Hill-Rom: Strength assessment
Exhibit 66: Hill-Rom: Strategy assessment
Exhibit 67: Hill-Rom: Opportunity assessment
Exhibit 68: Featured ECG products
Exhibit 69: NIHON KOHDEN: Strength assessment
Exhibit 70: NIHON KOHDEN: Strategy assessment
Exhibit 71: NIHON KOHDEN: Opportunity assessment
Exhibit 72: Featured ECG devices
Exhibit 73: Philips Healthcare: Key highlights
Exhibit 74: Philips Healthcare: Strength assessment
Exhibit 75: Philips Healthcare: Strategy assessment
Exhibit 76: Philips Healthcare: Opportunity assessment
Exhibit 77: Featured ECG products:
Exhibit 78: Schiller: Key highlights
Exhibit 79: Schiller: Strength assessment
Exhibit 80: Schiller: Strategy assessment
Exhibit 81: Schiller: Opportunity assessment
Exhibit 82: Featured ECG products
Exhibit 83: Spacelabs Healthcare: Key highlights
Exhibit 84: Spacelabs Healthcare: Strength assessment
Exhibit 85: Spacelabs Healthcare: Strategy assessment
Exhibit 86: Spacelabs Healthcare: Opportunity assessment
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FEATURED COMPANIES

  • AliveCor
  • Bionym (now Nymi)
  • DailyCare BioMedical
  • InfoBionic
  • Nasiff Associates
  • REKA Health
  • MORE
New Report Released: - Global Echocardiography Devices Market 2017-2021

The author of the report recognizes the following companies as the key players in the global echocardiography devices market: GE Healthcare, Hill-Rom, NIHON KOHDEN, Philips Healthcare, Schiller, and Spacelabs Healthcare.

Other Prominent Vendors in the market are: AliveCor, Allengers, AMEDTEC Medizintechnik Aue, Applied Cardiac Systems, ASPEL, Beurer, Biocare Bio-Medical Equipment, Bionet, Bionym (now Nymi), Cardiac Designs, Cardinal Health, CardioComm Solutions, Cardioline, CardioSecur, Edan Instruments, DMS Service, DailyCare BioMedical, Fukuda Denshi, InfoBionic, iRhythm Technologies, Kalamed, Medicomp, MGC Diagnostics, Midmark, Nasiff Associates, Planexta, Qardio, QRS Diagnostic, REKA Health, SunTech Medical, Tenko International, and Zoncare Bio-Medical.

Commenting on the report, an analyst from the research team said: “One trend in market is integration of technologies to develop advanced ECG devices. The introduction of advanced technologies in CVD testing has led to higher sales of ECG devices. The development of new monitoring technologies has helped improve disease diagnosis and treatment. Technological advances have also allowed flexibility and portability of these systems. To improve the workflow, companies are striving to incorporate sophisticated technologies in ECG devices. The continuous advances in wireless data systems have allowed a more flexible placement of individuals and equipment within examination rooms. Instead of tethering individuals to the machine, physicians can place their workstations in a more convenient location while the concerned person is doing exercises.”

According to the report, one driver in market is reimbursement to patients for ECG procedures in US. To keep track of the increasing number of heart disease cases, the government in the US initiated the Million Hearts Plan under the Affordable Care Act (ACA). The plan focuses on preventing one million heart attack cases by 2017. To provide better treatment, the government offers reimbursement plans, which can cover the treatment cost. This will lead most people to opt for early treatment plans, which will increase the demand for heart monitoring devices such as ECG. The rise in the cases of cardiac diseases has increased the volume of treatment procedures that include cardiac disease diagnosis and treatments. Owing to the Million Heart Plan, people who are covered under Medicare will be reimbursed, which will increase the adoption of heart diagnosis and increase the demand, sales volume, and the use of ECG devices in the market.

Further, the report states that one challenges in market is high cost of ECG products and procedures. The pressure from governments to reduce healthcare cost has created a burden for hospitals, ASCs, and diagnostic centers to manage capital investments. Cost pressure has led the end-users to invest less in ECG devices, leading to greater usage of traditional ECG devices. This has become a challenge for companies that sell advanced ECG products such as wearable devices in the market. ECG devices with treadmill and advanced software installations having wide functions such as wireless, Bluetooth, data integration, and remote monitoring are expensive when compared with portable and handheld ECG devices. However, ECG testing devices are mostly bought by Tier-1 and Tier-2 hospitals only. The high cost of these products restricts their use in homecare settings and small testing laboratories.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • GE Healthcare
  • Hill-Rom
  • NIHON KOHDEN
  • Philips Healthcare
  • Schiller
  • Spacelabs Healthcare
  • AliveCor
  • Allengers
  • AMEDTEC Medizintechnik Aue
  • Applied Cardiac Systems
  • ASPEL
  • Beurer
  • Biocare Bio-Medical Equipment
  • Bionet
  • Bionym (now Nymi)
  • Cardiac Designs
  • Cardinal Health
  • CardioComm Solutions
  • Cardioline
  • CardioSecur
  • Edan Instruments
  • DMS Service
  • DailyCare BioMedical
  • Fukuda Denshi
  • InfoBionic
  • iRhythm Technologies
  • Kalamed
  • Medicomp
  • MGC Diagnostics
  • Midmark
  • Nasiff Associates
  • Planexta
  • Qardio
  • QRS Diagnostic
  • REKA Health
  • SunTech Medical
  • Tenko International
  • Zoncare Bio-Medical
Note: Product cover images may vary from those shown
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