ECG Monitoring Systems Market: Description
ECG Monitoring Systems are medical equipment that can recognise and provide details on aberrant cardiac function. ECG Monitoring systems include rest ECG recorders, ECG stress testing systems, event recorders, and Holter monitors. According to estimates, cardiovascular conditions like coronary heart disease and strokes are the main cause of death in the globe. ECG Monitoring systems are used to identify aberrant cardiac functioning in patients in order to prevent cardiovascular illnesses. Additionally, they support the diagnosis and preservation of the heart’s regular operation.
The electrical signal from the heart is recorded during an electrocardiogram (ECG or EKG) to look for various cardiac problems. The test is crucial for interpreting the heart’s rhythm, identifying myocardial ischemia and infarction, anomalies in the conduction system, preexcitation, long QT syndromes, atrial abnormalities, ventricular hypertrophy, pericarditis, and other disorders.According to estimates, the market for ECG monitoring systems will be worth US$ 1,102.5 million in 2020 and US$ 1,847.2 million by the end of 2027.
ECG Monitoring Systems Market : Overview
According to projections, the size of the global ECG monitoring systems market would increase from USD 2.4 billion in 2017 to almost USD XX billion by 2030, at a Compound Annual Growth Rate (CAGR) of 4.8 percent between 2021 and 2030. The prevalence of cardiovascular diseases is rising, people are becoming more knowledgeable about ways to avoid and diagnose these conditions, there is rising demand from emerging economies, and ECG monitoring technology is improving, which are the main drivers driving this growth.
Electrocardiography, or ECG, is the electrical documentation of the heart. The diagnosis of any cardiac abnormalities and irregularities that may develop throughout the course of a person’s lifetime, including those brought on by cardiovascular disease or other disorders like electrolyte imbalance, is greatly aided by the use of ECGs. An ECG produces a graph of the electric currents produced by the heart in the form of waves.
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All across the world, cardiovascular disorders are very common. Congenital heart disease, rheumatic heart disease, coronary heart disease, and cerebrovascular disease are only a few examples of the several blood vessel and heart problems referred to as cardiovascular diseases. The rise in smoking, hypertension, and obesity due to sedentary lifestyles are all associated with an increase in the prevalence of cardiovascular illnesses in emerging nations. During the forecast period, a high patient base with cardiovascular disorders is anticipated to drive the worldwide ECG devices market.
Healthcare organizations are now working in a dynamic environment, undergoing seismic transformations as a result of the introduction of innovative medical treatments and increased internet usage. This, along with unparalleled online access to astounding amounts of information, has made astute patients more careful. As a result, the demand for smart, affordable, and tailored healthcare services has surged. The COVID-19 pandemic has further resulted in higher demand for healthcare and related products & services further strengthening the performance of overall healthcare industry.
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Home Care Settings
Ambulatory Care Settings
Resting ECG System
Stress ECG Monitors
Event Monitoring Systems
ECG Management System
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Key Regions & Countries
North America (the United States
and Southeast Asia)
South America (Brazil
and The Middle East and Africa (Saudi Arabia
and South Africa).
Shenzhen Mindray Bio-Medical Electronics
- What is the driving factor for the growth of the ECG Monitoring Systems market?
- How will the COVID-19 pandemic impact the demand and consumption of it?
- What is the major application area of the ECG Monitoring Systems market?
- Who are the ECG Monitoring Systems manufacturers across the globe?
- Which geographical location is dominant in the ECG Monitoring Systems market?
- Which are the top industry players in the ECG Monitoring Systems market?