An electrocardiography or ECG device is used to assess and record electrical activity of the heart. The device evaluates the electrical impulses generated by the polarization and depolarization of cardiac tissue and translate them into waveform. This ultimately helps physician to diagnose cardiac abnormalities along with size and position of chambers. Technological advancements and increase in government interventions to render quality medical devices at an affordable price and the demand for miniature & telemetry devices have increased extremely in past couple of years. An ECG telemetry device is a noninvasive product that enables continuous real-time assessment of patients cardiac rhythm and electrical activity. The ambulatory devices then transmit the signals via radiofrequency to a central monitoring station where physicians can continuously monitor patient activity. ECG telemetry devices are highly useful in addressing the requirements of patients who are highly susceptible to suffer from cardiac disorders. The device is also used by patients who need continuous medical interventions, however, cannot afford to stay in hospitals or private clinics.
Technological advancement in medical ECG telemetry equipment has fueled their adoption in post-coronary care units and among ambulatory service providers. The use of ECG telemetry devices helps to reduce the time required to rescue a person in case of emergency, thus increasing its demand in the market. Furthermore, increase in demand for low-cost treatment facilities and rise in requirement for accurate & precise homecare monitoring devices are the major driving factors of the medical ECG telemetry market. In addition, increase in prevalence of cardiovascular disease among baby boomer populations is expected to increase the requirement of ECG telemetry equipment for the assessment of function of the heart. Moreover, government interventions to improve healthcare infrastructure has persuaded majority of larger hospitals to increase their investments for development of data management systems and computerization of ECG records. The major factors that hamper the market growth are high cost associated with initial purchase and continuous need for wireless communication mode or internet requirement.
The global medical ECG telemetry equipment market is segmented based on product, end user, and geography. Based on product, the market is classified into resting ECG devices, stress ECG devices, and others. By end user, it is bifurcated into home healthcare and hospitals. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as Medtronic Inc., Cardiac Science Corporation, Siemens Healthcare, Nihon Kohden Corporation, GE Healthcare Inc., Welch Allyn Inc., Philips Healthcare, ScottCare Corporation, Mindray Medical International Ltd., and CompuMed Inc. are also provided in this report.
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global market.
- This report entails the detailed quantitative analysis of the current market and estimations through 2017-2023, which assists to identify the prevailing market opportunities.
- The projections in this report are made by analyzing the current trends and future market potential from 2017 to 2023 in terms of value.
- Competitive intelligence (of leading manufacturers and distributors of disposable gloves) helps understand the competitive scenario across the geographies
- An in-depth analysis of current research and clinical developments within market is provided with key market dynamic factors that helps understand the behavior of the market
Medical Ecg Telemetry Equipment Market Key Segments:
- Resting ECG Devices
- Stress ECG Devices
By End User
- Home Healthcare
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA