The Global Electrocardiograph Market is forecast to reach USD 8.33 Billion by 2026, according to a new report by Reports and Data. A combination of different factors is propelling the expansion of the market. One of the dominant factors contributing to the development of the market is the increased occurrence rate of cardiovascular diseases and the associated rise in the mortality rate. The severity of the condition can be well-established with the help of the fact that, globally, approximately 18 Million individuals die from cardiovascular diseases every year. —
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Key players mentioned in the research report are:
Mortara Instrument, INC., GE Healthcare (General Electric Company), Mindray Medical International Limited, Medtronic, OPTO Circuits Limited, OSI Systems Fukuda Denshi CO LTD, Philips Healthcare (Koninklijke Philips N.V.), Schiller AG, Spacelabs Healthcare and Nihon Kohden Corporation.
In terms of applications, the global Electrocardiograph market can be segmented into:
In terms of types, the global Electrocardiograph market can be segmented into:
Wireless Holter Monitors
Wired Holter Monitors
The Electrocardiograph Market is analyzed on the basis of dynamics of demand and supply, pricing, total volume produced, revenue generated, and others. The manufacturing is studied on the basis of several factors such as manufacturing plant distribution, industry production, production capacity, and research and development. It also delivers accurate market evaluations with the use of SWOT analysis, investment analysis, returns analysis, and growth trend analysis, and others.
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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Electrocardiograph Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.
Further key findings from the report suggest
• In the year 2018, the Global Electrocardiograph market held a market share of USD 5.20 Billion, with a growth rate of 5.8% during the forecast period.
• The technological advancements being made by key players of the industry like Spacelabs launching latest cardiology information management system is encouraging the growth of the market. Under this information management system, data is collected from a wide range of cardiovascular monitoring devices that increases the application areas of the market.
• In regards to Device Type, the Resting ECG segment dominated the market, generating the highest revenue of USD 3.01 Billion in 2018 with the second highest CAGR of 6.0% during the forecast period. The reason for the Resting ECG segment to yield the highest revenue is its applicability in detecting arrhythmias among service users even in resting position, making it appropriate for hospital admissions.
• In regards to Technology, Automatic Diagnosis and Anatomical Detection is occupying the largest market share, generating the highest revenue of USD 1.30 Billion in the year 2018, with a growth rate of 5.3% during the forecast period. The generated revenue by this segment is attributed to its extensive incorporation in the healthcare sector.
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