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The Global Electrocardiogram (ECG) Devices Market Analysis| Coherent Market Insights

The Global Electrocardiogram (ECG) Devices Market is estimated to account for US$ 5,589.3 Mn by the end of 2027.

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The Global Electrocardiogram (ECG) Devices Market Analysis| Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. ELECTROCARDIOGRAM (ECG) DEVICES MARKET ANALYSIS Electrocardiogram (ECG) Devices Market,ByProduct Type (Monitoring ECG Systems (Data Monitoring, Event Monitoring, Cardiovascular Monitoring), Diagnostic ECG Systems (Rest ECG Systems, Stress ECG Systems, Holter ECG Systems)), By Technology (Portable ECG Systems, Wireless ECG Systems), By Lead Type (Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG), By End-user (Hospitals, Homecare Settings, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. The global Electrocardiogram (ECG) Devices market is estimated to account for US$ 5,589.3 Mn in terms of value by the end of 2027. Drivers • Increasing prevalence of cardiovascular diseases (CVDs) is expected to boost growth of the global Electrocardiogram (ECG) Devices market over the forecast period. For instance, according to American Heart Association’s Heart Disease and Stroke Statistics 2018, around 92.1 million adults in the U.S. are suffering from some form of CVD or the after-effects of stroke.

  4. Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015. • North America region held dominant position in the global Electrocardiogram (ECG) Devices market in 2019, accounting for 34.7% share in terms of value, followed by Asia Pacific.

  5. Figure 1.Global Electrocardiogram (ECG) Devices Market Share (%), by Region,2019

  6. Market Restraints • Lengthy medical device approval period is expected to hinder growth of the global Electrocardiogram (ECG) Devices market. The U.S. FDA has implemented rules for in-vitro testing of Electrocardiogram (ECG) Devices, which includes environmental testing, software testing, electrical safety, and electromagnetic compatibility of the devices. Moreover, the time needed to process and approve 510(K) increased from 90 days to 140 days due to the complexity and volume of medical devices marketing submissions.  • Several handheld Electrocardiogram (ECG) Devices offer limited information as compared to conventional 12?lead ECGs, which is also expected to limit growth of the market.

  7. Market Opportunities • Development of algorithms that can remove motion artifacts in ambulatory ECGs is expected to offer lucrative growth opportunities for players in the market. For instance, in February 2020, researchers at University of Electronic Science and Technology of China developed an adaptive cancellation algorithm based on multi-inertial sensors to suppress motion artifacts in ambulatory ECGs. • Moreover, increasing the efficacy of portable ECGs is also expected to aid in growth of the market. For instance, in October 2019, researchers at Electronics and Telecommunications Research Institute, South Korea, reported use of two kinds of first-order derivative filters and a max filter for an efficient real-time and QRS detection method to analyze ECG signals measured from wearable Electrocardiogram (ECG) Devices in real-time. • Resting Electrocardiogram (ECG) Devices segment in the global Electrocardiogram (ECG) Devices market was valued at US$ 2,226.2 Mn in 2019 and is expected to reach US$ 3,089.4 Mn by 2027 at a CAGR of 4.2% during the forecast period.

  8. Market Trends • Major players in the market are focused on approval and launch of portable Electrocardiogram (ECG) Devices. For instance, in May 2019, AliveCor received U.S. FDA clearance for its KardiaMobile 6L, a six-lead portable ECG device. • Major players in the market are also focused on conducting studies to test the efficacy of their novel products. For instance, in February 2020, Johnson & Johnson launched a new, virtual clinical study to determine the efficacy of Apple’s iPhone and ECG-enabled smartwatch in reducing the risk of stroke and detecting cases of atrial fibrillation.

  9. Competitive Section Major players operating in the global Electrocardiogram (ECG) Devices market include,  Cardiac Insight Inc., Koninklijke Philips N.V., General Electric Company, CardioNet Inc., Mindray Medical International Limited, Spacelabs Healthcare (a subsidiary of OSI Systems Inc.), Schiller AG, Compumed Inc., Nihon Cohden Corporation, and Welch Allyn Inc.

  10. Key Developments  • Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in October 2019, AliveCor partnered with Huami Corporation, a manufacturer of biometric, data-driven wearables, to integrate the technologies of each company to develop a new generation of medical functionality to wearable devices. • Major players in the market are also focused on adopting collaboration strategies to expand their product portfolio. For instance, in May 2018, GE Healthcare collaborated with Preventice Solutions Inc. to offer customers with an extension of the hospital heart station and to expand GE Healthcare ECG services in home settings.

  11. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/electrocardiogram-ecg-devices-market-2657

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  13. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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