The global ECG equipment and management systems market size is expected to reach USD 8.9 billion by 2027, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2020 to 2027. The growing prevalence of cardiac arrhythmia and technological advancements is expected to boost market growth during the forecast period.
Recent technologies in the market include ECG chip, which can be inserted in the body to record heart rhythms for a long duration; ECG data management solutions; and telemetry. Initiatives such as the Door-to-Balloon (D2B) time by the American College of Cardiology and “Mission: Lifeline” by AHA are expected to drive demand for wireless solutions and 12-lead ECG devices. Different technologies are being launched by players, either through innovation or partnerships. Some of these devices are HeartCheck ECG pen by CardioComm, online interface by emsCharts, and ZioPatch by iRhythm Technologies. For instance, in March 2020, Glanum Diagnostics developed a Holter ECG patch for the detection of arrhythmia, which records a patient’s heart data and timely transfers it to the virtual diagnostic center. The company’s plan is supported by EU funding under the HeartService project and CE certification is awaited.
The key players are engaging in new product launches to strengthen market presence. For instance, in July 2020, Philips launched Tempus ALS, a remote monitor, and a defibrillator solution for Emergency Medical Responders (EMS) in the U.S.
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ECG Equipment And Management Systems Market Report Highlights
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ECG Equipment And Management Systems Market Segmentation
Grand View Research has segmented the global ECG equipment and management systems market based on type, end-use, and region:
ECG Equipment And Management Systems Type Outlook (Revenue, USD Million, 2016 – 2027)
ECG Equipment And Management Systems End-use Outlook (Revenue, USD Million, 2016 – 2027)
ECG Equipment And Management Systems Regional Outlook (Revenue, USD Million, 2016 – 2027)
List of Key Players of ECG Equipment And Management Systems Market
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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