Persistence Market Research is released upcoming report on title "ECG Device Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 01/14/2015 -- Cardiovascular disease is one of the leading causes of death across the globe. Electrocardiogram (ECG) is a test which records the electrical activity of the heart on the graph paper. ECG device detects and select electrical impulses generated by the polarization and depolarization of cardiac tissue and translate them into waveform. The ECG has 12-lead, out of which six electrodes are on the chest and one on each limb. ECG device helps cardiologists and physicians to diagnose cardiac abnormalities such as congenital heart defect, abnormal heart rhythm, poor blood supply to heart arteries, inflammation of the heart and enlargement of the heart. ECG is the first test done to check a person suffering from heart disease.
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North America dominates the global market for ECG device due to large number of aging population and increasing lifestyle associated diseases. Asia-Pacific is expected to show high growth rates in the next five years in global ECG device market. China and India are expected to be the fastest growing ECG device markets in Asia-Pacific region. Some of the key driving forces for ECG device market in emerging countries are large pool of patients and improving healthcare infrastructure.
In recent times there is increased use of ECG device due to increasing incidence of lifestyle associated diseases and cardiovascular diseases. Increasing geriatric population to propel the need of monitoring device and technological advancement and remote monitoring in diagnostic ECG device are some of the key factors driving the growth for global ECG device market. In addition, government regulations in support of monitoring device are also fuelling the growth of global ECG device market. However unstable economy and limited reimbursement policies are some of the major factors restraining the growth for global ECG device market.
Increasing mergers, acquisition and joint ventures, and untapped emerging markets would develop opportunity for global ECG device market. Some of the trends for global ECG device market are increasing demand for home care monitoring device and improvement in algorithms and wireless technologies. Some of the major companies operating in the global ECG device market are GE Healthcare, Royal Philips Healthcare, Mortara Instrument, Inc., Spacelabs Healthcare Inc., Schiller AG, Welch Allyn, Mindray Medical International Limited, Compumed Inc., Nihon Kohden Corporation and Cardionet Inc.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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