The Global ECG Devices market has been showing steady growth opportunities due to the rising incidence of cardiovascular diseases worldwide. With the development of better and safer ECG devices, which are portable, operate with lower power consumption and are more accurate, the market will be witnessing growth in resting ECG and Holter monitor systems.
Holter systems are small, portable, and battery-powered devices that measure the electrical activity of the cardiovascular system continuously and account for a share of 3.77 percent of the Global ECG Devices market in 2013. They monitor the electrical activity of a freely moving person's heart for one to two days for 24-hours a day. Some of the applications of Holter monitors include follow-up for heart attack patients, measuring heart rate variability, identifying silent ischemia/ST segment analysis, identifying patients at risk of sudden death, and detecting implantable pacemaker malfunctions.
Globally, the major share of monitoring Cardiovascular Diseases is held by Resting Systems, as this market is widely developed in the US, where the sales of resting ECG systems, is high. Stress systems for ECG readings follows this, which have a higher selling price than average; whereas the demand for Holter systems is increasing at a rapid pace. Digital ECG systems are also gaining popularity in recent times due to their low cost, accuracy, and ability to store large numbers of readings for a number of patients.
With more and more hospitals moving toward computerization for maintaining ECG records, greater investment are being made in data management systems to streamline hospitals' workflow effectively.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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