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Cardiovascular Diseases driving the Growth of Global ECG Devices Market:TechNavio Report
• Global ECG Devices Market to Grow at a CAGR of 10.02 percent
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.
If you are interested in more information on this topic and our upcoming research on Global ECG Devices Market 2014-2018 (http://www.technavio.com/
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global ECG Devices Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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