This report provides exclusive insights into the COVID-19 impact on the Electrocardiogram Equipment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Electrocardiogram Equipment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Electrocardiogram Equipment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the electrocardiogram equipment market provides an in-depth analysis of segments and sub-segments in the global as well as regional electrocardiogram equipment market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional electrocardiogram equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global electrocardiogram equipment market. According to the report the global electrocardiogram equipment market is projected to grow at a CAGR of 6% over the forecast period of 2018-2024.
Electrocardiograph (ECG) is a non-invasive medical process that records the electrical activity of the heartbeat over a period of time using electrodes placed over the skin. ECG devices such as stress ECG, resting ECG, and Holter monitors help to identify and provide information concerning the abnormal functioning of the heart. One of the common health problem faced by people across the world is cardiovascular disease. This ECG equipment picks up electrical instincts created by the heart with the help of electrodes and translates them into a waveform.
The growing number of cardiac problems such as heart arrhythmia, heart attack, heart rhythm disorders, and ischemic heart disease are expected to drive the growth of the market. Furthermore, aged people have to periodically go through various tests that include ECG and growing aged population, particularly in developed regions to boost market growth. Other factors such as advancement in technology and favorable government regulations concerning monitoring devices are fueling the demand for electrocardiogram equipment market. Moreover, on the other side, unfavorable reimbursement policies and poor healthcare infrastructure in underdeveloped regions can obstruct market growth.
In terms of geographies, North America is anticipated to hold the largest market share in the electrocardiogram equipment market. Factor such as enlarged spending rate for healthcare and technological advancement in the cardiology segment is driving the market growth in the North America region. Furthermore, Asia Pacific is predicted to be the fastest-growing region for the ECG equipment market. Awareness among consumers regarding the use of ECG, increasing the medical tourism industry and manufacturing cost advantages are driving the market growth.
The report on global electrocardiogram equipment market covers segments such as product, lead type, and end user. On the basis of product the global electrocardiogram equipment market is categorized into Holter monitors, resting ECG systems and stress ECG systems. On the basis of the lead type, the global electrocardiogram equipment market is categorized into 3-6 lead type, single-lead type, and 12-lead type. On the basis of the end-user, the global electrocardiogram equipment market is categorized into home/ambulatory care and hospitals.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, the U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global electrocardiogram equipment market such as Royal Philips Healthcare, Cardionet Inc., Spacelabs Healthcare Inc., Welch Allyn, Nihon Kohden Corporation, GE Healthcare, Mortara Instrument, Inc., Schiller AG, Mindray Medical International Limited and Compumed Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global electrocardiogram equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the electrocardiogram equipment market. Moreover, the study highlights current market trends and provides a forecast from 2018-2024. We also have highlighted future trends in the electrocardiogram equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the electrocardiogram equipment market to understand the present and future trends in this market and formulate their strategies accordingly.