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The Global ECG Equipment Market to Amount to $8900.9 Million by 2028

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The Global ECG Equipment Market to Amount to $8900.9 Million by 2028

August 25
22:25 2021
The Global ECG Equipment Market to Amount to $8900.9 Million by 2028
The Global ECG Equipment Market
As per Triton’s report, the global ECG equipment market, which generated $5734.0 million in 2020, is likely to chart 5.64% of CAGR by the year 2028.

A recent study by Triton Market Research titled ‘Global ECG Equipment Market,’ covers the Global Analysis and Forecasts by Product (Diagnostic ECG System [Rest ECG System, Stress ECG System, Holter ECG System], Monitoring ECG System [Event Monitoring, Continuous Monitoring, Remote Monitoring]); by System (Stationary ECG System, Portable ECG System); by Industry Verticals (Hospital, Home/Ambulatory Care, Other Industry); by Lead Type (3-6 Lead, 12 Lead, Single Lead); and Regional Outlook (North America, Europe, Latin America, Middle East and Africa, Asia-Pacific).

 

Request Free Sample of the Global ECG Equipment Market Report @ https://www.tritonmarketresearch.com/reports/ECG equipment-market#request-free-sample  

 

The report by Triton estimates the global ECG equipment market to exhibit a CAGR of 5.64% in the forecasting years from 2021 to 2028. This industry is likely to accumulate a revenue of $8900.9 million by 2028.

There has been a rise in the demand for ECG data management solutions in healthcare facilities s to connect ECG devices to a centralized database. This will help enhance efficiency, reduce costs, and improve diagnoses, and also drive market growth. However, intense competition among the vendors in this industry is hindering its growth, resulting in increased in price wars among them.

The market for ECG equipment is mainly segmented into product, system, industry verticals, and lead type. Based on product, it is bifurcated into diagnostic ECG system and monitoring ECG system. Diagnostic ECG system is further categorized into rest ECG system, stress ECG system, and Holter ECG system. Whereas, monitoring ECG system is categorized into event monitoring, continuous monitoring, and remote monitoring. 

Based on system, it is categorized into stationary ECG system and portable ECG system. On the basis of industry verticals, the market is classified into hospital, home/ambulatory care, and other industry. And lastly, according to lead type, it is classified into 3-6 lead, 12 lead, and single lead.

North America is presently leading the global ECG equipment market, and is expected to maintain its leading position until the end of the forecasted duration. The region boasts of developed nations such as the United States and Canada, who are always at the forefront when it comes to adopting new technologies. The ECG equipment market in this region is estimated to progress due to the rising adoption of advanced cardiovascular solutions.

CompuMed Inc, Hill Rom Holdings Inc, Nihon Kohden Corporation, Siemens Healthineers AG, GE Healthcare, Spacelabs Healthcare (subsidiary of OSI Systems Inc), Mindray Medical International Limited, Bionet Co Ltd, Schiller AG, Philips Healthcare, McKesson Corporation, Fukuda Denshi Co Ltd, Zoll Medical Corporation (acquired by Asahi Kasei), BioTelemetry Inc, and Medibiosense Ltd are the well-known players in the ECG equipment market.

 

Purchase this Report @  https://www.tritonmarketresearch.com/reports/ECG equipment-market#purchase-option 

 

Question & Answer: ECG Equipment Market

Question 1: What factor will help drive the ECG equipment market growth?

Answer: There has been a rise in the demand for ECG data management solutions in healthcare facilities to connect ECG devices to a centralized database. This will help enhance efficiency, reduce costs, and improve diagnoses, and also drive market growth. 

Question 2: What factor is hindering the growth of the ECG equipment market?

Answer: Intense competition among the vendors in this industry is hindering its growth, resulting in increased in price wars among them.

Question 3: Which region is expected to dominate the global ECG equipment market over the forecasting period?

Answer: North America is presently leading the global ECG equipment market, and is expected to maintain its leading position until the end of the forecasted duration. The region boasts of developed nations such as the United States and Canada, who are always at the forefront when it comes to adopting new technologies. The ECG equipment market in this region is estimated to progress due to the rising adoption of advanced cardiovascular solutions.  

Question 4: Who are the well-known players in the ECG equipment market?

Answer: CompuMed Inc, Hill Rom Holdings Inc, Nihon Kohden Corporation, Siemens Healthineers AG, GE Healthcare, Spacelabs Healthcare (subsidiary of OSI Systems Inc), Mindray Medical International Limited, Bionet Co Ltd, Schiller AG, Philips Healthcare, McKesson Corporation, Fukuda Denshi Co Ltd, Zoll Medical Corporation (acquired by Asahi Kasei), BioTelemetry Inc, and Medibiosense Ltd are the well-known players in the ECG equipment market.

Related Report:

Global Bariatric Surgery Market

The global bariatric surgery market is deemed to register growth at a CAGR of 9.41% during the estimated phase of 2021-2028, while reaping $4913.1 million in revenue by 2028.

 

Advancements in technology have made performing bariatric surgeries easier and more efficient. In the mid-1990s, after laparoscopic technology was introduced for bariatric surgeries, they were performed frequently. Also, with an increase in government initiatives, there is a rapid rise in the number of people preferring bariatric surgeries to stay healthy and fit. These initiatives to curb obesity are expected to fuel the market growth over the forecasted period. 

On the flip side, the cost of these surgeries is relatively high for patients in developing countries, who tend to have lower income levels than those living in the developed nations. The high costs associated with bariatric surgeries is deterring people from opting for this mode of treatment, in turn limiting the development of the market.

 

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