1h Free Analyst Time
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FEATURED COMPANIES
- General Electric Co.
- Hill-Rom Holdings Inc.
- Koninklijke Philips NV
- Nihon Kohden Corp.
- OSI Systems Inc.
- SCHILLER AG.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Electrocardiography Devices (ECG) Market: About this market
An electrocardiograph (ECG) is a medical device used to process the electrical signals transmitted through two or more ECG electrodes and generate a visual display of the electrical signals produced by the heart. The electrocardiography devices (ECG) market analysis considers sales from resting ECG devices, stress ECG test devices, and ambulatory ECG monitoring devices. Our analysis also considers the sales of electrocardiography devices (ECG) in North America, Europe, Asia, and the ROW. In 2018, the resting ECG devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing focus on early diagnosis and disease prevention, the rising number of resting ECG procedures, and technological advances will play a significant role in the resting ECG devices segment to maintain its market position. Also, our global electrocardiography devices (ECG) market report also looks at factors such as the increasing prevalence of CVDs, increasing awareness about CVDs, and technological advances. However, high cost of EVG devices, increasing demand for refurbished ECG devices, lack of skilled clinicians with expertise in ECG may hamper the growth of the electrocardiography devices (ECG) industry over the forecast period.
Global Electrocardiography Devices (ECG) Market: Overview
Technological advances
Technological advances have helped in developing ECG devices with reduced size, and enhanced portability and that are easy to use. The new-generation ECG devices incorporate advanced algorithms, which provide high-fidelity data to support better clinical decisions. For example, the VERITAS technology offers high accuracy in real-time ST-segment monitoring, arrhythmia detection, and resting ECG interpretation. The latest ECG devices also incorporate various workflow improvement features, such as simplified step-by-step operation, touch-screen systems, and better connectivity with ECG management systems. Such advances will lead to the expansion of the global electrocardiography devices (ECG) market at a CAGR of over 6% during the forecast period.
Emergence of handheld, wireless, and remote monitoring ECG devices
Technological advances in sensors now allow recording of electrical impulses from the heart in the absence of conventional ECG machines. Several technologies are now wearable and can monitor and record cardiac impulses for weeks or even months. These devices are increasingly being adopted in out-of-hospital settings. such as in households and public places. HeartScan HCG-801 ECG Monitor, offered by Omron Healthcare, is a portable ECG recorder with finger and chest electrodes and a high-resolution screen that displays the HR, rhythm, and ECG waveform. It is cordless, and there is no need to wear electrodes. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global electrocardiography devices (ECG) market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrocardiography devices (ECG) manufacturers, that include General Electric Co., Hill-Rom Holdings Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and SCHILLER AG.
Also, the electrocardiography devices (ECG) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
An electrocardiograph (ECG) is a medical device used to process the electrical signals transmitted through two or more ECG electrodes and generate a visual display of the electrical signals produced by the heart. The electrocardiography devices (ECG) market analysis considers sales from resting ECG devices, stress ECG test devices, and ambulatory ECG monitoring devices. Our analysis also considers the sales of electrocardiography devices (ECG) in North America, Europe, Asia, and the ROW. In 2018, the resting ECG devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing focus on early diagnosis and disease prevention, the rising number of resting ECG procedures, and technological advances will play a significant role in the resting ECG devices segment to maintain its market position. Also, our global electrocardiography devices (ECG) market report also looks at factors such as the increasing prevalence of CVDs, increasing awareness about CVDs, and technological advances. However, high cost of EVG devices, increasing demand for refurbished ECG devices, lack of skilled clinicians with expertise in ECG may hamper the growth of the electrocardiography devices (ECG) industry over the forecast period.
Global Electrocardiography Devices (ECG) Market: Overview
Technological advances
Technological advances have helped in developing ECG devices with reduced size, and enhanced portability and that are easy to use. The new-generation ECG devices incorporate advanced algorithms, which provide high-fidelity data to support better clinical decisions. For example, the VERITAS technology offers high accuracy in real-time ST-segment monitoring, arrhythmia detection, and resting ECG interpretation. The latest ECG devices also incorporate various workflow improvement features, such as simplified step-by-step operation, touch-screen systems, and better connectivity with ECG management systems. Such advances will lead to the expansion of the global electrocardiography devices (ECG) market at a CAGR of over 6% during the forecast period.
Emergence of handheld, wireless, and remote monitoring ECG devices
Technological advances in sensors now allow recording of electrical impulses from the heart in the absence of conventional ECG machines. Several technologies are now wearable and can monitor and record cardiac impulses for weeks or even months. These devices are increasingly being adopted in out-of-hospital settings. such as in households and public places. HeartScan HCG-801 ECG Monitor, offered by Omron Healthcare, is a portable ECG recorder with finger and chest electrodes and a high-resolution screen that displays the HR, rhythm, and ECG waveform. It is cordless, and there is no need to wear electrodes. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global electrocardiography devices (ECG) market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrocardiography devices (ECG) manufacturers, that include General Electric Co., Hill-Rom Holdings Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and SCHILLER AG.
Also, the electrocardiography devices (ECG) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- General Electric Co.
- Hill-Rom Holdings Inc.
- Koninklijke Philips NV
- Nihon Kohden Corp.
- OSI Systems Inc.
- SCHILLER AG.
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits:
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- General Electric Co.
- Hill-Rom Holdings Inc.
- Koninklijke Philips NV
- Nihon Kohden Corp.
- OSI Systems Inc.
- SCHILLER AG.
The following companies are recognised as the key players in the global electrocardiography devices (ECG) market: General Electric Co., Hill-Rom Holdings Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and SCHILLER AG.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the emergence of handheld, wireless, and remote monitoring ECG devices.”
According to the report, one of the major drivers for this market is the technological advances.
Further, the report states that one of the major factors hindering the growth of this market is the lack of skilled clinicians with expertise in ECG.
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.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the emergence of handheld, wireless, and remote monitoring ECG devices.”
According to the report, one of the major drivers for this market is the technological advances.
Further, the report states that one of the major factors hindering the growth of this market is the lack of skilled clinicians with expertise in ECG.
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.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- General Electric Co.
- Hill-Rom Holdings Inc.
- Koninklijke Philips NV
- Nihon Kohden Corp.
- OSI Systems Inc.
- SCHILLER AG.
Note: Product cover images may vary from those shown
