The report presents an in-depth assessment of the ECG Telemetry Devices including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for ECG Telemetry Devices investments from 2019 till 2024.
Aerotel Medical Systems Ltd, Cardiac Science Corporation, GE Healthcare Inc., Medtronic Inc., Mindray Medical International Ltd, Nihon Kohden Corporation, Philips Healthcare, Schiller AG, Siemens Healthcare, Welch Allyn Inc.
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Scope of the Report
ECG telemetry devices are used in the monitoring of electrical activities of the heart. These devices are helpful in the detection of electrical impulses generated by cardiac tissues, which are then translated into waveforms.
Key Market Trends
Arrhythmias is Expected to Witness Rapid Growth in Application Segment
An electrocardiogram is one of the most useful non-invasive tool used for the diagnosis of cardiac diseases. Owing to the developments in telecommunication infrastructure, development in telemetry cardiac devices is seen in the 20th century. The telemetry ECG devices help in easy and fast ECG monitoring of patients suffering from cardiac disorders.
Arrhythmias is a condition in which the heart rhythm becomes abnormal. The electrical impulses occur too fast or too slow, leading to reduced efficiency of the heart to pump blood. For the diagnosis of arrhythmias, various devices are used, however, ECG telemetry device is supposed to be the most effective tool for the detection of arrhythmias. As per the Center for Disease Control and Prevention (CDC), around 2.7 to 6.1 million people in the United States have arrhythmia and with the rapid increase in the aging population, this number is expected to rise in the future. Around 2% of people below age 65 and 9% people above age 65 have fallen prey to this disorder in the United States.
As the prevalence of arrhythmia is expected to rise, the need for better diagnostic tools is increasing. Hence, ECG telemetry devices have come into the picture, as they provide easier and faster monitoring of the heart.
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North America to Dominate the Market
Cardiovascular diseases are the major cause of deaths in the United States and the primary cause of acute hospital bed days and physician visits.
According to the Centers For Disease Control and Prevention (CDC), around 610,000 people die of cardiovascular diseases in the United States every year, which accounts for almost one in every four deaths.
Every year, about 735,000 people have a heart attack. This increased number of cardiovascular diseases and heart attacks lead to an increased demand for the diagnostic tools in the country.
The cardiovascular diagnostic sector prefers ECG telemetry devices, as it is one of the easiest and fast tools. The country provides good reimbursement facilities for patients suffering from cardiovascular diseases. This factor is helping the ECG telemetry devices market to grow. Government initiatives, such as A Public Health Action Plan to Prevent Heart Disease and Stroke, are also helping the nation to utilize the novel technologies. This is ultimately contributing to the growth of the ECG telemetry devices market in the United States.
Added to that, investment in patient healthcare is increasing in the United States which is ultimately helping the ECG telemetry devices market to grow. Currently, the United States dominates the global ECG telemetry devices market, with the largest market size during 2017.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: ECG Telemetry Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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