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Latin America Diagnostic Electrocardiograph Market Research Report – Segmented By Product, Lead Type, End User and Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) Industry Analysis, Size, Share, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 183
Pages: 135

Latin America Diagnostic ECG Market Size (2022 to 2027)

The Diagnostic Electrocardiograph Market size in Latin America was worth USD 601.20 million in 2022 and estimated to reach USD 819.84 million by 2027, growing at a CAGR of 6.4% between 2022 to 2027.

The continuous rise in the incidence of cardiovascular and lifestyle-related diseases, such as ischemic heart disease, stroke, peripheral artery, and hypertensive heart disease, which leads to an increase in the mortality rate due to heart failure, is a significant factor driving the diagnostic electrocardiograph market in the Latin American market region.

In Latin America, cardiovascular disease is the primary cause of death. Other factors expected to fuel market expansion include an increase in the aging population, improving health care infrastructure, more government financing, technical advancements in medical sciences, and a significant number of corporations investing in R&D.

Electrocardiograph devices have become more popular due to their accuracy and precision in the identification of chronic conditions such as cardiovascular ailments. An electrocardiograph, a non-invasive diagnostic tool used to assess the heart's electrical activity and detect illnesses connected to the heart's electrical activity, is a key factor driving the market growth.

The market is further expected to expand due to rising occurrences of cardiovascular illnesses and lifestyle-related disorders such as ischemic heart disease, hypertensive heart disease, stroke, and peripheral artery disease. Furthermore, the diagnostic electrocardiograph (ECG) market in Latin America is predicted to grow due to an aging population, improved healthcare infrastructure, and favorable reimbursement policies.

However, the Latin American diagnostic electrocardiograph (DECG) market is expected to be hampered by a lack of public knowledge regarding the use of electrographs to diagnose cardiovascular disorders and a shortage of experienced employees to operate electrograph equipment. Over the forecast period, however, high prices associated with diagnostic electrocardiograph equipment, unpredictable economic conditions, and the demand for scheduled maintenance checks are expected to hamper market expansion in Latin America. Other market growth obstacles include unfavorable government reimbursement rules, the development of healthcare infrastructure, and increased public and private sector spending in R&D activities.

This research report on the Latin America diagnostic ECG market has been segmented and sub-segmented into the following categories:

By Product: 

  • Resting ECG Systems
  • Stress ECG Systems
  • Holter Monitors

By Lead Type: 

  • Single-Lead Type ECG Devices
  • 3-6 Lead Type ECG Device
  • 12-Lead Type ECG Devices
  • Other Lead Type ECG Devices

By End Users: 

  • Hospitals
  • Home/Ambulatory Care Research Centres
  • Diagnostic Centres
  • Rehabilitation Centres
  • Clinics
  • Physician Offices
  • Surgical Centres

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

In 2020, Latin America had a moderate share of the worldwide diagnostic electrocardiograph market. Latin America's large market share can be attributed to an increase in the incidence and prevalence of cardiovascular and lifestyle-related diseases, a well-established healthcare infrastructure, technological advancements, a surge in research and development, and increased funding from the government and large corporations.

The Brazilian market led the Latin American market in 2020 and is forecasted to continue the trend during the forecast period. The diagnostic electrocardiograph market in Brazil is expected to increase significantly due to the region's large population. Furthermore, rising disposable income and improved healthcare infrastructure are expected to drive the diagnostic electrocardiograph market in the region to new heights in the coming years.

Diagnostic electrocardiograph market analysis for each country in Mexico and Brazil, including growth in healthcare capital expenditure, installed base of various types of products for the healthcare analytical testing services market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios, as well as their effect on the diagnostic electrocardiograph market.

KEY MARKET PLAYERS:

Some of the major companies operating in the Latin America Diagnostic Electrocardiograph Market 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.

1. Introduction                                                                 

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

2. Research Methodology                                                                           

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

3. Overview                                                                       

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 New Developments                                                               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                    

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

5. Market Segmentation                                                                              

                5.1 By Product                                                  

                                5.1.1 Resting ECG Systems                                          

                                5.1.2 Stress ECG Systems                                             

                                5.1.3 Holter Monitors                                    

                5.2 By Lead Type                                                             

                                5.2.1 Single-Lead Type ECG Devices                                        

                                5.2.2 3-6 Lead Type ECG Devices                                              

                                5.2.3 12-Lead Type ECG Devices                                               

                                5.2.4 Other Lead Type ECG Devices                                         

                5.3 By End User                                                                

                                5.3.1 Hospitals                                  

                                5.3.2 Home/Ambulatory Care research centres                                 

                                5.3.3 Diagnostic Centres                                               

                                5.3.4 Rehabilitation Centres                                       

                                5.3.5 Clinics                                        

                                5.3.6 Physician Offices                                  

                                5.3.7 Surgical Centres                                    

6. Geographical Analysis                                                                              

                6.3 Asia-Pacific                                                 

                                6.1 Introduction                                               

                                6.2 China                                             

                                6.3 India                                              

                                6.4 Japan                                            

                                6.5 South Korea                                               

7. Strategic Analysis                                                                       

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8. Market Leaders' Analysis                                                                        

                8.1 Medtronic                                   

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Strategic Evaluation and Operations                                            

                                8.1.4 Financial analysis                                  

                                8.1.5 Legal issues                                             

                                8.1.6 Recent Developments                                       

                                8.1.7 SWOT analysis                                       

                                8.1.8 Analyst View                                          

                8.2 Cardiac Science Corp                                              

                8.3 BPL Ltd                                         

                8.4 Cardionet, Inc                                            

                8.5 Fukuda Denshi Co., Ltd                                          

                8.6 GE Healthcare                                           

                8.7 Midmark Corp                                           

                8.8 Mindray Medical International Ltd                                   

                8.9 Mortara Instrument, Inc                                       

                8.10 Nihon Kohden Corp                                              

                8.11 Philips Healthcare                                  

                8.12 Scottcare Corp                                        

                8.13 Schiller Ag                                 

                8.14 Spacelabs Healthcare, Inc                                  

                8.15 Welch Allyn Inc                                       

9. Competitive Landscape                                                                           

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10. Expert Opinions                                                                        

                10.1 Market Outlook                                                     

                10.2 Investment Opportunities                                                 

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

  1. Latin America Diagnostic Electro-Cardiographs Market, By Region, From 2022 - 2027 (USD Million)                                                              
  2. Latin America Diagnostic Electro-Cardiographs Market, By Product, From 2022 - 2027 (USD Million)                                                           
  3. Latin America Resting ECG Systems Market, By Region, From 2022 - 2027 (USD Million)                                                   
  4. Latin America Stress ECG Systems Market, By Region, From 2022 - 2027 (USD Million)                                                     
  5. Latin America Holter Monitors Market, By Region, From 2022 - 2027 (USD Million)                                                            
  6. Latin America Diagnostic Electro-Cardiographs Market, By Lead Type, From 2022 - 2027 (USD Million)                                                       
  7. Latin America Single-Lead Type ECG Devices Market, By Region, From 2022 - 2027 (USD Million)                                                
  8. Latin America 3-6 Lead Type ECG Devices Market, By Region, From 2022 - 2027 (USD Million)                                                       
  9. Latin America 3 12-Lead Type ECG Devices Market, By Region, From 2022 - 2027 (USD Million)                                                    
  10. Latin America Other Lead Type ECG Devices Market, By Region, From 2022 - 2027 (USD Million)                                                 
  11. Latin America Diagnostic Electro-Cardiographs Market, By End User, From 2022 - 2027 (USD Million)                                                        
  12. Latin America Hospitals Market, By Region, From 2022 - 2027 (USD Million)                                                          
  13. Latin America Home/Ambulatory Care research centres Market, By Region, From 2022 - 2027 (USD Million)                                                          
  14. Latin America Diagnostic Centres Market, By Region, From 2022 - 2027 (USD Million)                                                       
  15. Latin America Rehabilitation Centres Market, By Region, From 2022 - 2027 (USD Million)                                                 
  16. Latin America Clinics Market, By Region, From 2022 - 2027 (USD Million)                                                
  17. Latin America Physician Offices Market, By Region, From 2022 - 2027 (USD Million)                                                            
  18. Latin America Surgical Centres Market, By Region, From 2022 - 2027 (USD Million)                                                            
  19. Brazil Diagnostic Electro-Cardiographs Market, By Product, From 2022 - 2027 (USD Million)                                                           
  20. Brazil Diagnostic Electro-Cardiographs Market, By Lead Type, From 2022 - 2027 (USD Million)                                                       
  21. Brazil Diagnostic Electro-Cardiographs Market, By End User, From 2022 - 2027 (USD Million)                                                         
  22. Mexico Diagnostic Electro-Cardiographs Market, By Product, From 2022 - 2027 (USD Million)                                                        
  23. Mexico Diagnostic Electro-Cardiographs Market, By Lead Type, From 2022 - 2027 (USD Million)                                                  
  24. Mexico Diagnostic Electro-Cardiographs Market, By End User, From 2022 - 2027 (USD Million)
  25. Argentina Diagnostic Electro-Cardiographs Market, By Product, From 2022 - 2027 (USD Million)                                                  
  26. Argentina Diagnostic Electro-Cardiographs Market, By Lead Type, From 2022 - 2027 (USD Million)        
  27. Argentina Diagnostic Electro-Cardiographs Market, By End User, From 2022 - 2027 (USD Million)

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