New York, NY -- (SBWire) -- 07/20/2016 --Consumer awareness and innovative technology in the field of ECG devices are projected to create a surge in the global ECG devices market, according to a report by Persistence Market Research.
10 key findings in the global ECG devices market are as follows:
1. The global ECG devices market is touted to increase with a CAGR of 4.1% for the forecast period.
2. High consumer awareness, ease of operation, accurate results major factors driving the market.
3. Portable ECG devices gaining traction owing to numerous advantages such as patient mobility, low prices, and longer duration of patient monitoring.
4. Advancement in technology resulting in efficient ECG devices and driving the global market.
5. Rising competition resulting in increased innovation, hence fueling the global market.
6. The ECG resting system segment accounted for the highest revenue share of US$1.91 Bn in 2015, while ECG Holter monitoring system is projected to rise at the fastest CAGR for the forecast period.
7. North America and Asia-Pacific accounted for a share of 34.9 % and 27.2% in terms of revenue in 2015.
8. North America expected to hold the largest market share and is projected to grow at the slowest rate.
9. APAC estimated to account 27.3% share in terms of revenue by the end of 2016. The market in the region is expected to grow the fastest over the forecast period.
10. MEA market is anticipated to rise at a CAGR of 4.5% for the forecast period. Factors for the projected trend include government funding and high healthcare expenditure.
For more information on the global ECG devices market, click here. http://www.persistencemarketresearch.com/samples/3244
Overview
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Top 10 Findings in Global ECG Devices Market by 2024, PMR Report
Some key market participants included in the PMR’s ECG device market include GE Healthcare, Koninklijke Philips N.V, Welch Allyn (Hill-rom company, Inc.), Schiller AG, Fukuda Denshi Co. Ltd., Nihon Kohden Corporation, Mortara Instrument, Inc., Spacelabs Healthcare, Inc.