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The ECG telemetry devices market is expected to reach US$ 3,783.48 million by 2028 from US$ 2,087.66 million in 2020 it is estimated to grow at a CAGR of 7.8% during 2021–2028.

By Healthcare Market Reports 1 year ago
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The ECG telemetry devices market is expected to reach US$ 3,783.48 million by 2028 from US$ 2,087.66 million in 2020 it is estimated to grow at a CAGR of 7.8% during 2021–2028.

The electrocardiogram (ECG) measures and records the electrical activity of the heart. The electrocardiogram (ECG) detects electrical impulses generated by the polarisation and depolarization of heart tissue and converts them into a wave pattern. This assists a physician or cardiologist in diagnosing heart problems and measuring chamber size and position. The rise in cardiovascular disease incidence and the rise in the elderly population are driving the growth of the ECG telemetry devices market. However, the high cost and drawbacks of ECG telemetry systems limit market expansion.

An ECG is a non-invasive device that is used to diagnose a variety of cardiac diseases in people of all ages, including arrhythmias, coronary artery disease, and others. The telemetric ECG gadget records the electrical impulses produced by cardiac tissue polarisation and depolarization and converts them into a waveform that allows a cardiologist to diagnose cardiac problems as well as the size and position of heart chambers. By connecting to a bedside cardiac monitor, the telemetry ECG equipment allows for unlimited and continuous monitoring of heart activity. Recent advancements in telecommunication infrastructure allow telemetric devices to be used for convenient and quick ECG monitoring of patients with suspected cardiac problems, adding to market growth.

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Competitive Landscape of the Global ECG Telemetry Devices Market

As the coronavirus epidemic affects numerous regions of the world, suppliers in the worldwide market have a solid opportunity at their disposal. These companies are projected to increase their manufacturing rates in order to fulfil the increasing demand for ECG telemetry devices. Furthermore, the sale of ECG telemetry devices in conjunction with the development of oximeters provides a solid chance for market providers to grow. It is reasonable to anticipate that the global ECG telemetry devices market will expand at a rapid pace in the coming years.

Market Segmentations are as follows,

Top Key Players:
GE Healthcare
Medicalgorithmics, S.A
Medtronic
MICARD-LANA
Mindray
Nihon Kohden Corporation
Norav
Philips Healthcare
Vivalnk
V-Patch
Welch Allyn Inc

By Types:
Resting ECG Devices
Stress ECG Devices
Holter Monitors

By Applications:

Hypertensive Cerebral Hemorrhage
Cerebral Infarction
Transient Ischemic Attack TIA
Cerebral Insufficiency
Epilepsy

Regional Analysis:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Covid-19 Analysis:

Investments in technologies used to monitor COVID-19 have increased by leaps and bounds in recent times. This has provided a large playfield of advancement for the vendors operating in the global ECG telemetry devices market. Furthermore, the leading vendors in the ECG telemetry devices market are also focusing on developing customized devices that are meant to monitor the vitals of COVID-19 patients. Some of the key players existing in the global ECG telemetry devices market are BioTelemetry Inc., Medtronic Inc., GE Healthcare (GE Company), and iRhythm Technologies Inc.

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of  Market

Reasons to Purchase the ECG Telemetry Devices Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

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