Escalating Cardiac Disorder Cases Driving Global Echocardiography Devices Market

Published Date : Apr 24, 2017

ALBANY, New York, April 24, 2017 – The repository of now contains a new report that explores the market for echocardiography (ECG) devices across the world and estimates it to expand at a healthy CAGR of 6% during the forecast period of 2017 to 2021. The report, titled “Global Echocardiography (ECG) Devices Market 2017-2021,” has been prepared to serve as a dependable business document for audiences such as manufacturers of ECG devices, vendors and distributors of these devices, hospitals, research institutes, and venture capitalists and investors. The report also profiles a number of prominent companies in the global echocardiography market, overviews their recent strategic development, geographical presence, and existing competitive landscape. 

As per the findings of the report, escalating number of cardiac disorders across the world, caused mainly because of hypertension, is the primary driver of the ECG devices market. Changing food habits among the urban population, lack of physical activity, and stressful lifestyle are other factors incrementing the number of heart related disorders and thereby propelling the demand in the global echocardiography devices market. The report observes that in the U.S., incidences of stroke, coronary heart diseases (CHD), and heart failure is increasing, which in turn is incrementing the demand for proper diagnosis and therapies. Rising geriatric population, growing number of hospitals, and increased investment by several emerging economies to improve healthcare infrastructure are other factors favoring the global echocardiography devices market. 

Integration of technologies to develop advanced ECG devices, paradigm shift toward portable devices, high-growth potential of Holder monitors, and funding to companies for novel product development are some of the key trends detected by the report that will help the expansion of echocardiography devices market. 

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Based on product, the report segments the global ECG devices market into resting ECG devices, stress ECG devices, Holder monitoring devices, and cardiopulmonary stress testing devices. Among these, resting ECG devices segment currently serves maximum demand, which a reflection of rising popularity of advanced resting ECG devices with wireless connectivity, seamless interoperability, and high compatibility. On the basis of end-user, the report categorizes the market into hospitals, diagnostic centers and ASCs. Geographically, the report studies the opportunities available in Americas, Europe, the Middle East and Africa, and Asia Pacific. 

According to the report, the global echocardiography is quite fragmented, and competitive pricing is the primary strategy adopted by these vast number of players in order to gain ground over their competitors. The report identifies NIHON KOHDEN, Schiller, GE Healthcare, Philips Healthcare, Spacelabs Healthcare, and Hill-Rom are leading companies in the global ECG devices market. The report also highlights a few other key players such as Bionet, Applied Cardiac Systems, Allengers, AMEDTEC Medizintechnik Aue, AliveCor, ASPEL, Biocare Bio-Medical Equipment, Beurer, Bionym (now Nymi), Tenko International, Cardinal Health, CardioSecur, REKA Health, SunTech Medical, CardioComm Solutions, Cardioline, Edan Instruments, Fukuda Denshi, InfoBionic, DMS Service, DailyCare BioMedical, iRhythm Technologies, and MGC Diagnostics. 

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