The global ECG Monitoring System market was valued at 4533.39 Million USD in 2020 and will grow with a CAGR of 3.42% from 2020 to 2027, based on a newly published report. Electrocardiograph (ECG) is a non-invasive medical test that records the electrical activity of the heartbeat over a period of time. ECG monitoring devices such as, resting ECG, stress ECG, and holter monitors help identify and provide information about abnormal functioning of the heart.
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Top Key Venders Covered in ECG Monitoring System Market Report
GE Healthcare, Royal Philips, Nihon Kohden, Schiller, Opto Circuits, OSI Systems, Johnson and Johnson, Mindray Medical, Mortara Instrument, Medtronic
Electrocardiogram (ECG) is a simple test used to check heart’s rhythm and electrical activity. The system records the patterns of the heart and its rhythm, as it beats. ECG monitoring system is widely used to assess and diagnose cardiovascular diseases (CVDs). ECG test helps screen and diagnose a variety of cardiac problems. It’s the most common way to check if the heart is healthy or monitor existing heart diseases. The system records the patterns of the heart and its rhythm, as it beats. Thus, with the increasing prevalence of cardiovascular disease, the demand for ECG management system is also increasing.
The global ECG monitoring system market is divided into six regions, such as North America, South America, Asia Pacific, Europe, Middle East, and Africa.
ECG Monitoring System Market Segmentations:
- Resting ECG
- Stress ECG
- Holter Monitors
- Hospitals & Clinics
- Home Settings & Ambulatory Surgical Centers (ASCs)
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ECG Monitoring System Market Drivers:
Increasing prevalence of cardiovascular disease and growing geriatric population across the globe is expected to augment the growth of the global ECG monitoring system market over the forecast period. Aging population is more susceptible to cardiovascular disease. For instance, according to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death worldwide, taking an estimated 17.9 million lives each year.
Moreover, technological advancements in wireless monitoring and wearable devices and rise in product launches are expected to drive growth of the global ECG monitoring system market.
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North America is expected to witness robust growth in the global ECG monitoring system market due to rising incidence of lifestyle and cardiovascular diseases and increasing aging population in this region
Asia Pacific is expected to witness robust growth in the global ECG monitoring system market due introduction of novel ECG monitoring systems in the region.
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa
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