Report Code: A00323 | Pages: NA | Mar 2023 | 3179 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ecg Monitoring System Market
Request Now !ECG Monitoring Systems are medical devices, which identify and give information about abnormal functioning of the heart. Rest ECG recorders, ECG stress testing systems, event recorders and Holter monitors are the part of ECG Monitoring systems. Cardiovascular diseases such as coronary heart diseases and strokes are estimated to be the leading cause of deaths worldwide. In order to prevent cardiovascular diseases, ECG Monitoring systems are used to detect abnormal heart functioning in patients. They also help in diagnosis and in maintaining normal functioning of the heart.
The major factors that drive the growth of this market are the rise in cardiovascular fatalities, increasing number of cardiovascular incidences, and growing healthcare expenditures. However, lack of awareness regarding personal health and the cost associated with these devices hinders the growth of this market. The demand for ECG monitoring systems would grow due to the increase in the number of people suffering from cardiovascular diseases.
Global ECG Monitoring System Market by Type
Global ECG monitoring system market is segmented into Rest ECG Monitoring Systems, Stress ECG Monitoring Systems, Holter Monitoring Systems and Event Monitoring Systems. Holter monitoring systems are expected to grow with a high growth rate in the future due to the growing number of cardiovascular cases.
Global ECG Monitoring System Market by Geography
Geographically, the ECG Monitoring System market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America is the largest market for ECG Monitoring Systems due to the prevalence of cardiovascular diseases and growing patient population. Europe is the second largest market with the growing population suffering from cardiovascular diseases.
Competitive Analysis
GE Healthcare, Philips Healthcare, Nihon Kohden, Schiller AG, Opto Circuits, OSI Systems Fukuda Denshi Co Ltd., Johnson and Johnson, and Medtronic are some of the players in the market. Product launch and acquisitions are the major competitive strategies adopted by these players. In Apr 2014, GE Healthcare introduced a new MAC 2000 resting ECG system, which helps to avoid variations in ECG information and provides accurate information about patients’ medical condition.
HIGH-LEVEL ANALYSIS
According to Porter’s Five Forces analysis, the bargaining power of suppliers is high as they provide differentiated products in the market and the bargaining power of buyers is moderate due to low switching cost and cost sensitivity. Threat from substitutes is minimal as substitute devices are inferior in performance and quality as compared to branded devices. Competition in the market is intense with the presence of a number of competitors. Threat from new entrants is low as brand names are well-known and profitability requires economies of scale.  SWOT analysis helps in determining the internal and external environmental factors for strategic business planning. An analysis of key players and their strategies helps in developing the market entry and expansion strategy.
KEY BENEFITS
ECG Monitoring System Market Report Highlights
Aspects | Details |
---|---|
BY PRODUCT |
|
BY LEAD TYPE |
|
BY END USER |
|
BY REGION |
|
Key Market Players | GE HEALTHCARE (GENERAL ELECTRIC COMPANY), JOHNSON AND JOHNSON, MORTARA INSTRUMENT, INC., MEDTRONIC PLC, MINDRAY MEDICAL INTERNATIONAL LIMITED, NIHON KOHDEN CORPORATION, OSI SYSTEMS FUKUDA DENSHI CO LTD., OPTO CIRCUITS LIMITED, PHILIPS HEALTHCARE (KONINKLIJKE PHILIPS N.V.), SCHILLER AG |
Loading Table Of Content...
Start reading.
This Report and over 19,644+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers