Cardiovascular diseases are one of the leading causes of deaths across the globe. In developing countries deaths associated with cardiovascular diseases is estimated to rise from 28.9% in 1990 to 36.3% by 2020. According to a study conducted by The Heart Foundation in every 33 seconds a person dies due to cardiovascular disease which is approximately 250,000 people every year. An electrocardiography or ECG device monitors and record electrical activity of the heart the device detects and picks up electrical impulses generated by the polarization and depolarization of cardiac tissue and translate them into waveform. This eventually helps physician or cardiologist to diagnose cardiac abnormalities as well as size and position of chambers. Technologic advances and increasing government interventions to render quality medical devices at an affordable price demand for miniature and telemetry devices have grown tremendously in past couple of years. An ECG telemetry device in majority of cases is a non-invasive product that allows continuous real time detection of patient’s cardiac rhythm and electrical activity. Signals captured by these ambulatory devices are then transmitted via radiofrequency to a central monitoring station where health care professionals can continuously monitor patient activity and are alerted to rhythm disturbances.
ECG telemetry devices are highly useful in addressing the needs of patients that are highly susceptible to cardiac disorders and require continuous medical interventions but cannot afford to stay in hospitals or private clinics. These devices are gaining lot of acceptance and support from post-coronary care units and ambulatory service providers. During an emergency situation the ambulatory care units with the help of novel ECG telemetry devices can send real time cardiac activities to hospitals or physicians which save time and makes the entire rescue process hassle free and well planned. Major drives to the uptake of device in upcoming years encompasses demand for low cost treatment facilities among hospitals, accurate and precise homecare monitoring devices and increasing prevalence of cardiovascular disease among baby boomer populations especially in developed economic countries. With growing opportunities, telemetry device manufacturers are adopting several techniques to develop the next-generation devices. Government interventions to reform healthcare sector and infrastructure has inclined majority of larger hospitals towards investments related to data management systems and computerization of ECG records. Efficient data management system enhances efficiency, reduces data losses and efficient records for appropriate billing. Restraints to the market include high cost associated with initial purchase and continuous need for wireless communication mode or internet requirement which restrict the acceptance of devices in developing and emerging economies.
Geographically, the United States and Europe market contributes a larger proportion of revenues to this product category. Owing to expensive medical treatment, demand for home care, availability of efficient reimbursement scenario and government interventions to curb per patient healthcare expenditure has driven the market in these geographies. Asia-Pacific as of now is at a very nascent stage but the with the burgeoning cardiovascular diseases and availability of high disposable income market is expected to grow at a rapid pace in coming 5-7 years.
Some of the prominent players operating in ECG Telemetry Devices market include Aerotel Medical Systems Ltd., Cardiac Science Corporation, Nihon Kohden Corporation, Philips Healthcare, Welch Allyn Inc., GE Healthcare Inc., Ltd., Mindray Medical International Ltd. Siemens Healthcare, and Medtronic Inc. among other key players.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments