Hyderabad, India -- (SBWire) -- 01/26/2018 --The Global Diagnostic Electro Cardiographs Market is projected to reach USD 5766.1 million by 2021, from USD 4288.56 million in 2016 according to a new report by Market Data Forecast, Inc. Through Diagnostic Electrocardiograph, electrical activity of the heart by placing electrodes on a person's body can be recorded.
Technical improvements in communication, low power circuit design for safer ECG devices along with compactness features, lower power consumption, increased efficiency and incorporation of state-of-the-art diagnostic features are the major factors driving the growth of the market. Increment in the elderly population and rising frequency of lifestyle diseases are also fuelling the growth of Global Diagnostic Electrocardiographs market. However unstable reimbursement regulations, high cost of devices and financial instability are the major factors hampering the development of the market.
North America is the biggest market for Diagnostic Electrocardiographs Market because of developments in innovation and boundless mindfulness about the benefits of electrocardiographs. Asia-Pacific is evaluated to be the quickest developing region because of its high patient base and developing social insurance consumption.
Developing countries are bound to show higher growth than the developed countries owing to a saturated market in the latter and a large untapped market in the former. Increasing help from the government in terms of policy-making and entitlements is also a major driver.
Browse full research report with TOC on "Diagnostic Electro Cardiographs Market, by Product (Resting ECG Systems, Stress ECG Systems and Holter Monitors), by Lead Type ( Single-Lead Type ECG Devices, 3–6 Lead Type ECG Devices, 12-Lead Type ECG Devices and Other Lead Type ECG Devices ), by End User (Hospitals, Home/Ambulatory Care research centres, Diagnostic Centres, Rehabilitation Centres, Clinics, Physician Offices, Surgical Centres), by Region And Segment Forecasts, 2016- 2021" at: https://www.marketdataforecast.com/market-reports/global-diagnostic-electro-cardiographs-market-208/
Market Data Forecast has segmented the Global Diagnostic Electro Cardiographs Market on the basis of Product, Lead Type, End User and Region:
Product Outlook (Volume, Revenue, USD Thousands; 2016- 2021):
Holter Monitors, Stress ECG Systems and Resting ECG Systems
Lead Type Outlook (Volume, Revenue, USD Thousands; 2016- 2021):
3–6 Lead Type ECG Devices, 12-Lead Type ECG Devices, Single-Lead Type ECG Devices and Other Lead Type ECG Devices
End User Outlook (Volume, Revenue, USD Thousands; 2016- 2021):
Hospitals, Surgical Centres, Diagnostic Centres, Clinics, Physician Offices, Home/Ambulatory Care research centres, , Rehabilitation Centres.
Regional Outlook (Volume, Revenue, USD Thousands; 2016- 2021):
North America U.S. Europe Germany UK Asia Pacific China India Japan Rest of World
Major manufacturers in this market are Nihon Kohden Corp, Cardiac Science Corp, GE Healthcare, Medtronic, Inc, BPL Ltd, Spacelabs Healthcare, Inc, Mortara Instrument, Inc, Midmark Corp, Fukuda Denshi Co., Ltd, Mindray Medical International Ltd, Philips Healthcare, Cardione, Schiller Ag, Welch Allyn Inc and Scottcare Corp
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Further Key Findings from the Report Suggest:
Rising occurrence of cardiovascular infections and developing geriatric populace are relied upon to move the development of the market with a CAGR of 6.1% from 2016- 2021.
Resting ECG Devices section represented the most elevated offer of the market and is required to witness critical development amid the gauge time frame. This can be credited to the accessibility of a few business items and enhanced clinical efficiency because of cutting-edge information investigation apparatuses to identify heart-related issues.
Geologically, North America was the real patron in the ECG devices in 2016. It is expected to keep up its predominance amid the estimate time frame because of interest for compact checking and analytic gadgets, appropriation of new advances, and item dispatches.
The market in Asia Pacific is probably going to witness huge development throughout the following decade attributable to expanding speculations and section of key market players in the area, and developing social insurance use and extra cash, in significant markets, for example, Japan and China.
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