Diagnostic Electrocardiograph Market Business Scenario Analysis By Global Industry Trend, Sales Revenue, Growth Rate
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Increasing prevalence of cardiovascular disorders is a key factor driving market revenue growth
VANCOUVER, BRITISH COLUMBIA, CANADA, May 25, 2023 /EINPresswire.com/ -- The Emergen Research Global Diagnostic Electrocardiograph Market Report provides an industry-wide analysis of the Diagnostic Electrocardiograph market, including the most important factors influencing the sector's expansion. The most recent research report provides a comprehensive analysis of the micro- and macro-economic indicators that have an impact on the growth of the global market from 2023 to 2032.The Diagnostic Electrocardiograph market report provides a vivid description of the current trends as well as a wide range of growth opportunities, key drivers, constraints, challenges, and other crucial aspects. Additionally, the report takes into account a variety of market dynamics, which in turn provide the leading players in the Diagnostic Electrocardiograph industry with numerous opportunities for growth.
The global diagnostic Electrocardiograph (ECG) market size reached USD 9.43 Billion in 2022 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to the latest analysis by Emergen Research. Increasing prevalence of strokes and heart-related disorders is a key factor driving revenue growth of the market. According to the Centre for Disease Control and Prevention (CDC), stroke accounted for one in every six fatalities from cardiovascular disease in 2020. Every year, around 795,000 people in the U.S. suffer from a stroke. Approximately 610,000 are first or new strokes. The CDC and its partners are leading national initiatives and programs to reduce stroke-related mortality and disability rates and to assist women in living longer, healthier lives. For instance, the Million Hearts effort, which is co-led by the CDC and the Centres for Medicare & Medicaid Services, collaborates with other federal agencies and private-sector partners to raise awareness of heart disease and stroke, as well as to prevent heart attacks and strokes.
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The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Diagnostic Electrocardiograph market demand and supply chains. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape. The Global Diagnostic Electrocardiograph Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
Major companies in the market report include General Healthcare Technologies Inc., Nihon Kohden Corporation, Koninklijke Philips N.V., Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Spacelabs Healthcare, Hill-Rom Holdings, Inc., Allengers Medical Systems Ltd, Norav Health, and Cardioline S.P.A.
This section of the report offers valuable insights into the geographical segmentation of the Diagnostic Electrocardiograph market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Diagnostic Electrocardiograph market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Some Key Highlights From the Report
The product segment accounted for largest revenue share in the global diagnostic electrocardiograph market in 2022. Increasing prevalence of cardiovascular disorders and technological developments in diagnostic ECG are key factors driving revenue growth of the segment. The heart's rhythm is captured by a tiny, wearable device called a Holter monitor. It is used to identify or estimate the likelihood of heart arrhythmias. If a conventional Electrocardiogram (ECG or EKG) doesn't reveal enough information regarding the state of the heart, a Holter monitor test may be performed. An event recorder, a longer-term monitor, may be required if the irregular heartbeats happen infrequently.
The 3-Lead segment accounted for largest revenue share in 2022. The dynamic 3-lead ECG is typically used to find cardiac anomalies such arrhythmic and ischemic anomalies. Simple resting ECGs, which typically last a few tens of seconds and can be performed for only a few minutes, are unable to identify these anomalies because of their irregular occurrence.
The market in North America is expected to account for largest revenue share over the forecast period. Increasing prevalence of heart disorders and rapid technological advancements in diagnostic ECG devices are driving revenue growth of the market in this region. In January 2022, Spacelabs Healthcare, which is a part of OSI Systems, Inc., has introduced two new Electrocardiograph (ECG) devices known as CardioPulse Go and CardioPulse Prime. These devices come with advanced features such as updated lists of orders, constant connectivity, and Patient Data Query (PDQ), which increase their efficiency even in critical settings.
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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
On the basis of type, the market is segmented into
Emergen Research has segmented the global diagnostic electrocardiography market on the basis of product and services, lead type, end-use, and region:
Product and Services Outlook (Revenue, USD Billion; 2019-2032)
Product
Resting ECG Devices
Stress ECG Devices
Holter Monitors
Implantable Loop Recorders
Event Monitors
Mobile Cardiac Telemetry Devices
Smart ECG Monitors
Software & Service
Lead Type Outlook (Revenue, USD Billion; 2019-2032)
12-Lead
5-Lead
3-Lead
6-Lead
Single-Lead
Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
Hospitals and Clinics
Ambulatory Surgical Centers
Homecare
The global Diagnostic Electrocardiograph market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Diagnostic Electrocardiograph sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Diagnostic Electrocardiograph market.
The report marks the notable developments that have recently taken place in the Diagnostic Electrocardiograph industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Diagnostic Electrocardiograph market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Key questions addressed in the report:
Who are the leading players dominating the global Diagnostic Electrocardiograph Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Diagnostic Electrocardiograph in this industry vertical?
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