ECG Devices Market 2019 Growth, Global Trends, Share and Demands, Showing Impressive Growth by 2026 | Fortune Business Insights

(The Express Wire via Comtex)

ECG Devices Industry 2019 Fortune Business Insights report provides information regarding market size, share, trends, growth, cost structure, capacity, and revenue and forecast 2026

Increasing prevalence of cardiovascular disease around the world is driving the global ECG devices market, says Fortune Business Insights in a report, titled “ECG Devices Market Size, Share and Global Trend by Product (Wearable Holter Monitor, Portable Handheld ECG, Lead), By End User (Hospitals, Ambulatory surgical centers, Diagnostic centers, Specialty Clinics, Others), and Geography Forecast till 2026.” Rising demand for cost-effective ECG devices for diagnosis is a factor predicted to support the growth of the global ECG devices market.

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Some of the Main Key Players Covered in the Report

  • General Electric Company
  • Koninklijke Philips N.V.
  • OSI Systems Fukuda Denshi Co Ltd.
  • Schiller AG
  • Opto Circuits Limited
  • Medtronic
  • Spacelabs Healthcare Inc.
  • Bionet
  • Cardiac Science
  • Midmark Corporation
  • Cardionet Inc.
  • Omron Healthcare, Inc.

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Launch of Next-Gen ICM by Abbott Will Stimulate Growth

Abbott, an American healthcare company launched a new, smarter heart monitor for better arrhythmia detection after receiving approval from the Food and Drug Administration. The next-generation Confirm Rxinsertable cardiac monitor (ICM), combinessmartphone connectivityand constant remote monitoring to track unpredictable heart rhythm problems for a fast and accuratediagnosis.

The launch of the paperclip-sized implantable device, Confirm RxICM is predicted to aid ECG devices growth owing to the first-ever technology in the new device that allows syncing with the smartphone via Bluetooth therefore, transmitting information to the physician to help identify irregular heartbeats instantaneously.

Furthermore, approval from the FDA for innovative ECG devices by key players is also expected to promote growth of the global ECG devices market. For instance, CardioComm Solutions, Inc., received clearance from FDA to use HeartCheck CardiBeat handle head ECG device which is used to heartbeat monitoring and also received approval to use GEM mobile ECG app.

Growing Geriatric Population Will Support Growth in Asia Pacific

Geographically, the global ECG devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is likely to dominate the ECG Devices market during the forecast period owing to the rising cases of cardiovascular disease, growing adoption of sedentary lifestyle.

Increasing awareness among healthcare organizations about the benefits of using novel technologies for early diagnostic of cardiac-related issues is also predicted to foster growth in the region. Asia Pacific is expected to grow exponentially during the forecast period owing to the growing geriatric patient pool and rising investments by government organizations for providing better healthcare infrastructure. Rising adoption of innovative technology in emerging nations such as China and India is also predicted to boost the global ECG devices market during the forecast period.

Some of the major companies that are present in the global ECG devices market are General Electric Company, Koninklijke Philips N.V., OSI Systems Fukuda Denshi Co Ltd., Schiller AG, Opto Circuits Limited, Medtronic, Spacelabs Healthcare Inc., Bionet, Cardiac Science, Midmark Corporation, Cardionet Inc., Omron Healthcare, Inc. among others

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