, March 23, 2018 ) North America Diagnostic Electro Cardiographs Market
was worth $ 1667.081 million in 2016 and estimated to reach $2210.93 million by 2021 growing at a CAGR of 5.8%. Diagnostic Electrocardiograph is a device used to record electrical activity of the heart by placing electrodes on a person’s body.
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North America diagnostic cardiographs market is driven by factors such as technological advancements in communication, lower power circuit design for safer ECG devices along with portability features, lower power consumption more accuracy and capacity to incorporate latest diagnostic features. Growing Geriatric population and increasing incidence of lifestyle related diseases are some of the additional factors fuelling the growth of Global Diagnostic Electrocardiographs market. However unstable reimbursement regulations, high cost of devices and economic instability are some of the major factors hindering the growth of the market.
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Global market for Diagnostic Electro Cardiographs is segmented by product, Lead type and End User. On the basis of Product the market is further sub segmented into Resting ECG Systems, Stress ECG Systems and Holter Monitors. By Lead Type market is further sub-segmented into Single-Lead Type ECG Devices, 3–6 Lead Type ECG Devices, 12-Lead Type ECG Devices and Other Lead Type Devices. By End user the market is segmented into Hospitals, Rehabilitation Centers, Home/Ambulatory Care research centers, Diagnostic Centers, Clinics, Physician Offices and surgical centers.
The resting ECG devices segment is the largest owing to growing aging population and increasing incidence of cardiovascular diseases. Holter diagnostic ECG device is estimated to be the fastest growing segment due to technological advancements, which have brought down the prices of these devices.
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On the basis of geography North America market for diagnostic electrographs is analyzed under two regions namely United States and Canada. United States is the largest market for diagnostic electrocardiographs market due to technology innovations and extensive awareness about the advantages of electrocardiographs.
Diagnostic Electro Cardiographs Market Segmentation:
• Resting ECG Systems
• Stress ECG Systems
• Holter Monitors
By Lead Type
• Single-Lead Type ECG Devices
• 3-6 Lead Type ECG Devices
• 12-Lead Type ECG Devices
• Other Lead Type ECG Devices
By End User
• Home/Ambulatory Care research centres
• Diagnostic Centres
• Rehabilitation Centres
• Physician Offices
• Surgical Centres
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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