Electrocardiograph Market 2020: Competitive Strategies and Forecast Till 2027 | Global Analysis Report
Global Electrocardiograph Market was valued at USD 8.2 billion in 2019 which is expected to reach at USD 12.35 billion by 2027 at a CAGR 6.8%.
Diagnostic Electrocardiograph is type of medical device which helps to diagnose the problems associated with electric activity of heart. Electrocardiograph is used to diagnose cardiac murmur, cardiac stress testing, fainting, and myocardial infarction.
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Market drivers
Rise in incidences of cardiac disorders and lifestyle related diseases like diabetes, coronary artery infections, sleep apnea, and cardiomyopathy are the key driving factor which are expected to boost the global electrograph market growth. Furthermore, increase in geriatric population will have the positive impact on global electrocardiograph market growth. Also, rise in alcohol consumption, and smoking drug abuse and stress is expected to propel the global electrocardiograph market growth. Moreover, increase in technological in advancement and innovations is expected to fuel the global electrocardiograph market growth.
Market Restraints
However, irregular reimbursement rules and regulations is the major restraining factor which is expected to hamper the global electrocardiograph market growth. Also, uncertainty in market saturation and economic circumstances will affect the global electrocardiograph market growth.
Market segmentation
Global Electrocardiograph Market is segmented into product such as Holter Monitors, Stress ECG System, and Resting ECG System, by lead type such as 3-6 Lead Type ECG Devices, single-Lead Type ECG Devices, 12-Lead Type ECG Devices, and Others. Further, Global Electrocardiograph Market is segmented into end user such as Home/Ambulatory Care, Hospitals, and Others.
Also, Global Electrocardiograph Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Taxonomy
By Product
- Holter Monitors
- Stress ECG System
- Resting ECG System
By Lead Type
- 3-6 Lead Type ECG Devices
- single-Lead Type ECG Devices
- 12-Lead Type ECG Devices
- Others
By End User
- Home/Ambulatory Care
- Hospitals
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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