2021 ECG Equipment Global Market Report: COVID-19 Growth and Changes

2021-12-15 01:05:14 By : Mr. Will Zhao

The main players in the ECG equipment market are GE Healthcare, Koninklijke Philips NV, Spacelabs Healthcare, CardioNet Inc., Schiller AG, Nihon Kohden Corporation, Medtronic PLC, OSI Systems, Mindray Medical International Co., Ltd., Hill-Rom Holdings Inc, BPL Medical Technologies , And Mortara Instrument Company.

New York, September 20, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "ECG Equipment Global Market Report 2021: COVID-19 Growth and Changes"-https://www.reportlinker.com/p06151375/?utm_source =GNW global ECG equipment market is expected to grow from USD 4.89 billion in 2020 to USD 5.43 billion in 2021, with a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the company's resumption of operations and adapting to the new normal, while recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and the closure of business activities, leading to operations challenge. The market is expected to reach USD 7.26 billion by 2025, with a compound annual growth rate of 7.5%. The ECG equipment market consists of ECG equipment sold by entities (organizations, self-employed individuals, and partnerships), which are used to record heart activity through electrical signals and zoom in on an ECG monitor. The device is used to diagnose various types of heart disease and arrhythmia in the human body, so it is helpful for related treatments. The market consists of revenue generated by companies that manufacture ECG equipment. The main product types on the ECG equipment market are monitoring ECG systems and diagnostic ECG systems. The monitoring ECG system records the electrical signals of the heart to check different heart conditions. Different lead types include single-lead ECG, 3-6 lead ECG, 12-lead ECG, and use different technologies, such as portable ECG system and wireless ECG system. It is implemented in various departments such as hospitals and home care institutions. North America is the largest region in the ECG equipment market in 2020. The Asia-Pacific region is expected to become the fastest growing region during the forecast period. The regions covered by this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. The introduction of advanced ECG equipment is shaping the market for ECG equipment. Major companies in the field of electrocardiography equipment are focusing on developing technical solutions for electrocardiography equipment to consolidate their positions. For example, in September 2020, AliveCor, a personal electrocardiogram (ECG) technology company approved by the US FDA, launched a clinically validated personal electrocardiogram device based on KardiaMobile 6L technology. In just 30 seconds, an individual can use the device to record a medical-grade electrocardiogram. It is small enough to fit in a pocket. Users can use their smartphones to monitor their heartbeat. In December 2020, Philips, a health technology company headquartered in Europe, acquired BioTelemetry for US$2.8 billion (approximately 2.3 billion euros). The acquisition of BioTelemetry is very consistent with Philips' cardiac care product portfolio and its strategy of transforming care services across the entire health continuum through integrated solutions. BioTelemetry, Inc is a US-based company that provides cardiac monitoring equipment. It is expected that the increase in the incidence of cardiovascular diseases in the next few years will drive the demand for the electrocardiogram equipment market. Cardiovascular disease is one of the most common diseases among all health problems and the leading cause of death worldwide. To check for various heart diseases, an electrocardiogram (ECG or EKG) measures electrical signals from the heart. Electrodes are set on the chest to record the electrical signals sent by the heart, which causes the heart to beat. According to the Centers for Disease Control and Prevention, heart disease is the leading cause of death in the United States, causing nearly 647,000 deaths each year. In addition, according to the American Heart Association, in 2019, approximately 121.5 million adults in the United States suffered from some form of cardiovascular disease. Therefore, the increase in cardiovascular diseases such as hypertensive heart disease, stroke, peripheral arterial disease and ischemic heart disease (IHD) has promoted the growth of the electrocardiogram equipment market. The countries covered by the ECG equipment market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. Read the full report: https://www.reportlinker.com/p06151375/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________

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