The global electrocardiogram devices market is witnessing growth, due to high incidences of cardiovascular diseases and large geriatric population. Based on product type, the resting systems segment leads the global ECG devices market; whereas, the Holter monitor systems segment is the fastest growing segment of the market. The hospitals segment is the largest and the fastest growing end-user segment, in the global ECG devices market, which is driven by technological advancements for the development of ECG devices. The high healthcare provider’s compliance for ECG devices and massive unexplored ECG devices market in the emerging economies is creating ample opportunities for the growth of the global ECG devices market, in the coming years. The advanced research and development activities and new product developments by the major players are supporting the demand with better and cost effective ECG devices, thus fuelling the growth of the global ECG devices market.
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The increasing number of collaboration among key players for the development and manufacturing of the ECG devices is a trend witnessed in the global ECG devices market. ECG refers to the process of monitoring the heart activity over a period of time. It is the most commonly used test to detect heart diseases and monitor heart activity, while undergoing the treatment of heart diseases, cancer, and other diseases. ECG devices record the electrical activity of the heart to detect any damage to the heart, its positioning, and effects of the drugs on heart. ECG devices have applications in surgical procedures ranging from cardiovascular to cancer.
The various types of cardiovascular diseases include coronary heart disease, rheumatic heart disease, peripheral arterial disease, congenital heart disease, deep vein thrombosis, and pulmonary embolism. Some of the major risk-leading habits towards cardiovascular diseases are high blood pressure, high blood cholesterol, diabetes, smoking and obesity. According to the WHO, cardiovascular diseases are the major cause of all deaths worldwide. The organization also reported that 17.5 million people died from cardiovascular diseases in 2012, representing 31% of the global death toll.
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The key players operating in the global ECG devices market are General Electric Company, Mindray Medical International Limited, Koninklijke Philips N.V., Spacelabs Healthcare (a subsidiary of OSI Systems Inc.), CardioNet Inc., Schiller AG, Compumed Inc., Welch Allyn, and Nihon Cohden Corporation.
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