The global ECG Market was valued at USD xx million in 2017. The research at DMI yielded diverse opinions about the market with the global ECG market forecast valuation pegged at USD xx million by 2025. The research also revealed that the global ECG Market size is expected to grow at a CAGR of xx% during the forecast period (2018-2025). The healthcare sector is amid the fastest growing and the most significant industries which has a direct impact on a patient’s quality of life. The current-day advancement in technology and science has rendered this industry with the most effective and innovative processes and equipment to diagnose and also treat ailments. There are numerous companies that cater to the growing need for such equipment. Glucose meter, venous access device, robotic surgery equipment, mammography machine, surgical appliances, ophthalmic goods, and in-vitro diagnostic substances are few examples that are aiding healthcare experts to treat and detect diseases in a streamlined way.
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Growth factors of the global ECG Market:
The market is driven by several factors such as increasing demand for portable monitoring & diagnostic devices, rising incidence of cardiovascular diseases due to the changes in living patterns, government regulations favoring the production of cardiac monitoring devices, and investments in the field of research and development of heart disease detection.
Segmentation of global ECG Market:
The global Electrocardiograph (ECG) market is segmented based on the type into Monitoring ECG Systems, Diagnostic ECG Systems, and Holter ECG systems.
By Technology, the market is segmented into Portable and Wireless ECG Systems. By end-user, the market is segmented into Home-based users and Hospitals. Hospitals segment is expected to create robust growth opportunities owing to better infrastructural facilities and large patient database. Geographically, the market is segmented into North America, South America, Europe, Asia Pacific and RoW.
Advances in ECG Technology:
There a growing trend over the recent years toward smaller, more compact, mobile ECG monitoring systems which can be used either inside a hospital or clinic or on the road with a visiting nurse or on a cart for mobility between patient rooms. Another innovation offered by several vendors includes small box systems that connect via a USB to convert a standard PC or tablet computer into a resting ECG system.
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Automation for Diagnosis and Anatomical Detection:
Some systems have anatomical interfaces to help reduce improper lead placement or detection systems for the presence of a pacemaker. Workflow Improvements: An example of an improved workflow can be found in Mortara Instruments Eli 280, which combines advanced ECG processing with an intuitive interface and uses a 10-inch tablet-style touch-screen display.
The pharmaceutical industry manufacturers innovate, and markets licensed drugs which are integral and effective for improved healthcare facilities. With the general mass becoming more health conscious, nutritional supplements have taken a significant share of the healthcare sectors, which again are the products of pharmaceutical sectors. Again, medical insurance, which backs up the operations of the healthcare industry, entirely has a notable impact on the growth and the existence of the healthcare industry. With spontaneous service and active participation, medical insurance has turned into primary support for most of the treatments which incur considerable expenses. Facilities such as cashless treatments and TPA are helping patients to enjoy a hassle-free treatment at top-facilitated hospitals.
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