The Diagnostic Electro-Cardiographs Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Diagnostic Electro-Cardiographs Market is estimated to be $4288.56 million USD in 2016 and predicted to rise to $ 5766.1 million USD at 2021with a CAGR of 6.1%. The market is segmented by Product (Resting ECG Systems, Stress ECG Systems and Holter Monitirs), by Lead Type (Single-Lead Type ECG Devices, 3-6 Lead Type ECG Devices, 12-Lead Type ECG Devices, Other Lead Type ECG Devices) and by End User (Hospitals, Home/Ambulatory Care research centres, Diagnostic Centres, Rehabilitation Centres, Clinics, Physician Offices and Surgical Centres). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Advancements in Technology and communication, low power circuit design for safer ECG devices along with portability features are the major driving factors for the Diagnostic Electro-Cardiographs Market. Low power consumption, higher accuracy and ability to incorporate latest diagnostic features are additional factors boosting the market growth. Escalating aging population and increasing incidence of cardio vascular diseases are also adding to the growth of Global Diagnostic Electrocardiographs market. However unclear reimbursement issues, high cost of devices and economic volatility are the key factors hindering the growth of the market.
Resting ECG devices is the largest product segment owing to increasing aging population and growing incidence of cardiovascular diseases where as Holter diagnostic ECG device is estimated to be the fastest growing segment due to technological advancements which enable to decrease the prices of these devices.
North America is the largest market for diagnostic electrocardiographs due to innovations in technology and wide spread awareness about the advantages of electrocardiographs while Asia-Pacific is estimated to be the fastest growing region owing to its high population base.
Major companies covered in the report are BPL Ltd, Cardiac Science Corp, Fukuda Denshi Co., Ltd, GE Healthcare, Medtronic, Inc, Philips Healthcare, Spacelabs Healthcare, Inc, Mortara Instrument, Inc, Midmark Corp, Mindray Medical International Ltd, Nihon Kohden Corp, Scottcare Corp, Schiller Ag, Welch Allyn Inc and Cardionet
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