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Middle East and Africa ECG Telemetry Device Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Resting ECG Devices, Stress ECG Devices, and Others); End User (Home Healthcare, and Hospitals)

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    Report

  • 103 Pages
  • June 2021
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5416111
Resting ECG Devices Segment has the Largest Share of Product in the Middle East and Africa ECG Telemetry Device Market during 2021-2028

According to a new market research study on “Middle East and Africa ECG Telemetry Device Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product, and End-user,” is expected to reach US$ 213.8 million by 2028 from US$ 148.0 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa ECG telemetry device market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the increase in cardiovascular disease incidence and a surge in geriatric population are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the high cost and disadvantages of ECG telemetry devices.

The ECG telemetry devices market in the Middle East and Africa comprises UAE, Saudi Arabia, South Africa, and other GCC. The COVID-19 pandemic has become the most significant challenge in the region. The Middle East has reported around 12 million cases while Africa witnessed 4.5 million cases. Many countries in the region have very less developed and underfunded healthcare systems. Sudden emergence of the virus caused severe pressure on healthcare facilities in the region. Furthermore, shortage of hospital supplies also accelerate the criticality of the condition. During the pandemic, the focus of healthcare professionals was only limited to the COVID management, which substantially hampered the number of other diagnostic procedures and elective surgeries in the region. Moreover, implementation of social distancing policies resulted into limited patients visits to cardiac centers, which drastically impacted the demand and adoption of ECG telemetry devices in Middle East and Africa. Apart from this, a huge population already face a growing burden of non-communicable diseases, making them more vulnerable to the virus. Moreover, economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and have been unable to implement any public health measures and Iran was in deep economic recession due to the US sanctions. Such factors are restraining the growth of the market in the region. However, launch of coronavirus vaccination programs in several countries will ultimately control the situation in years to come. These efforts to control the spread will ultimately recover and restore the situations post-pandemic.

The market for ECG telemetry device market is segmented into product, and End-user. Based on product, the ECG telemetry devices market is segmented into resting ECG devices, stress ECG devices, and others. In 2020, the resting ECG devices by product segment accounted for the highest share of the market and is expected to grow faster during the forecast period. Growth of this segment is attributed as it helps to measures the electrical activity of the heart with no extra preparation required, and it takes about 5 minutes to perform. These tests offers benefits such as it is most simple, quick, and painless, and they can also help to detect heart conditions such as hypertrophy of the heart, myocardial infarction, ischemia, sequelae of myocardial infarction, cardiac arrhythmias, and among others. Additionally, resting ECG is also used as secure and connected workflows to provide accurate solutions that help to reduce complexity and shorten the path to diagnosis.

Cardiac Science Corporation, GE Healthcare Inc. Medtronic Inc. Mindray Medical International Ltd. Nihon Kohden Corporation, Philips Healthcare, Dragger, and Welch Allyn Inc are among the leading companies in the Middle East and Africa ECG telemetry device market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in February 2020, Royal Philips a global leader in health technology, has acquired BioTelemetry, Inc the acquisition of BioTelemetry is a strong fit with Philips’ cardiac care portfolio, and its strategy to transform the delivery of care along the health continuum with integrated solutions.

The report segments the Middle East and Africa ECG Telemetry Device market as follows:


By Product

  • Resting ECG Devices
  • Stress ECG Devices
  • Others

By End-user

  • Home Healthcare
  • Hospitals

By Country

  • Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa

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Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 ECG Telemetry Device Market - By Product
1.3.2 ECG Telemetry Device Market - By End User
1.3.3 Middle East and Africa ECG Telemetry Device Market - By Country
2. Middle East and Africa ECG Telemetry Device Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East and Africa ECG Telemetry Device Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 ECG Telemetry Device Market - Middle East and Africa PEST Analysis
4.3 Expert Opinion
5. Middle East and Africa ECG Telemetry Device Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Cardiovascular Disease Incidence
5.1.2 Surge in Geriatric Population
5.2 Market Restraints
5.2.1 High Cost and Technical Inconsistencies
5.3 Market Opportunities
5.3.1 Growth Opportunities in Developing Nations
5.4 Future Trends
5.4.1 Market Consolidation Through Product Enhancements and Acquisitions
5.5 Impact Analysis
6. ECG Telemetry Device Market - Middle East and Africa Analysis
6.1 Middle East and Africa ECG Telemetry Device Market Revenue Forecasts and Analysis
7. Middle East and Africa ECG Telemetry Device Market Analysis and Forecasts To 2028 - By Product
7.1 Overview
7.2 ECG Telemetry Devices Market Revenue Share, by Product (2020 and 2028)
7.3 Resting ECG Devices
7.3.1 Overview
7.3.2 Resting ECG Devices: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Stress ECG Devices
7.4.1 Overview
7.4.2 Stress ECG Devices: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
8. Middle East and Africa ECG Telemetry Device Market Analysis and Forecasts to 2028 - By End User
8.1 Overview
8.2 ECG Telemetry Devices Market Revenue Share, by End User (2020 and 2028)
8.3 Home Healthcare
8.3.1 Overview
8.3.2 Home Healthcare: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Hospitals
8.4.1 Overview
8.4.2 Hospitals: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
9. ECG Telemetry Device Market Revenue and Forecasts to 2028 - Geographical Analysis
9.1 Middle East & Africa: ECG Telemetry Devices Market Revenue and Forecast to 2028
9.1.1 Overview
9.1.2 Middle East and Africa: ECG Telemetry Devices Market, by Country, 2020 & 2028 (%)
9.1.3 South Africa: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.3.1 South Africa: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.3.2 South Africa: ECG Telemetry Devices Market, by Product, 2019-2028 (USD Million)
9.1.3.3 South Africa: ECG Telemetry Devices Market, by End User, 2019-2028 (USD Million)
9.1.4 Saudi Arabia: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Saudi Arabia: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.4.2 Saudi Arabia: ECG Telemetry Devices Market, by Product, 2019-2028 (USD Million)
9.1.4.3 Saudi Arabia: ECG Telemetry Devices Market, by End User, 2019-2028 (USD Million)
9.1.5 UAE: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.5.1 UAE: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.5.2 UAE: ECG Telemetry Devices Market, by Product, 2019-2028 (USD Million)
9.1.5.3 UAE: ECG Telemetry Devices Market, by End User, 2019-2028 (USD Million)
9.1.6 Rest of Middle East and Africa: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.6.1 Rest of Middle East and Africa: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.6.2 Rest of Middle East and Africa: ECG Telemetry Devices Market, by Product, 2019-2028 (USD Million)
9.1.6.3 Rest of Middle East and Africa: ECG Telemetry Devices Market, by End User, 2019-2028 (USD Million)
10. Impact Of COVID-19 Pandemic on Middle East and Africa ECG Telemetry Device Market
10.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. COMPANY PROFILES
12.1 General Electric Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nihon Kohden Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Koninklijke Philips N.V.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dragerwerk AG & Co. KGaA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Welch Allyn, Inc. (Hill Rom)
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Asahi Kasei Corporation (Cardiac Science Corporation)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About
13.2 Glossary of Terms
List of Tables
Table 1. South Africa ECG Telemetry Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 2. South Africa ECG Telemetry Devices Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 3. Saudi Arabia ECG Telemetry Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia ECG Telemetry Devices Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 5. UAE ECG Telemetry Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 6. UAE ECG Telemetry Devices Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of Middle East and Africa ECG Telemetry Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of Middle East and Africa ECG Telemetry Devices Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 9. Organic Developments Done by Companies
Table 10. Inorganic Developments Done by Companies
Table 11. Glossary of Terms, ECG Telemetry Device Market
List of Figures
Figure 1. ECG Telemetry Device Market Segmentation
Figure 2. Middle East and Africa ECG Telemetry Device Market Overview
Figure 3. Resting ECG Devices Segment Held Largest Share of Product in ECG Telemetry Device Market
Figure 4. UAE is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. ECG Telemetry Device Market - Middle East and Africa PEST Analysis
Figure 6. ECG Telemetry Device Market Impact Analysis of Driver and Restraints
Figure 7. Middle East and Africa ECG Telemetry Device Market - Revenue Forecasts and Analysis - 2020 - 2028
Figure 8. ECG Telemetry Devices Market Revenue Share, by Product (2020 and 2028)
Figure 9. Resting ECG Devices: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. Stress ECG Devices: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Others: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. ECG Telemetry Devices Market Revenue Share, by End User (2020 and 2028)
Figure 13. Home Healthcare: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Hospitals: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Middle East and Africa: ECG Telemetry Devices Market, by Key Country - Revenue (2020) (USD Million)
Figure 16. South Africa: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
Figure 17. Saudi Arabia: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
Figure 18. UAE: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
Figure 19. Rest of Middle East and Africa: ECG Telemetry Devices Market - Revenue and Forecast to 2028 (USD Million)
Figure 20. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 21. Growth Strategies Done by the Companies in the Market, (%)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Cardiac Science Corporation
  • GE Healthcare Inc.
  • Medtronic Inc.
  • Mindray Medical International Ltd.
  • Nihon Kohden Corporation
  • Philips Healthcare
  • Dragger
  • Welch Allyn Inc

Table Information