Report : ECG Telemetry Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Resting ECG Devices, Stress ECG Devices, and Others) and End User (Home Healthcare and Hospitals)
Resting ECG devices Segment to Lead Market During 2021–2028
According to our new research study on “ECG Telemetry Devices Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product and End User,” the market is expected to reach US$ 3,783.48 million by 2028 from US$ 2,087.66 million in 2020; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028. The report highlights trends prevailing in the ECG telemetry devices market and factors driving its growth. The growth of the market is mainly attributed to the factors such as the increase in cardiovascular disease incidence and surge in geriatric population. However, the high cost and disadvantages of ECG telemetry devices restrain the market growth.
Based on product, the ECG telemetry devices market is segmented into resting ECG devices, stress ECG devices, and others. The resting ECG devices segment held the largest share of the market in 2020. The same segment is anticipated to register the highest CAGR in the market during the forecast period. The resting electrocardiogram is a test that helps in measuring the electrical activity of the heart. The test takes about 5 minutes to perform, and no extra preparation is required for it. Furthermore, due to its offered advantages, many players are adopting organic and inorganic strategies to sustain their position in the market. For instance, in August 2017, the US-based HeartSciences announced that its MyoVista high sensitivity electrocardiograph testing device received CE Mark and launched in Europe. The company stated that MyoVista hsECG uses the 12-lead, at-rest testing protocol as conventional ECG devices. The device syndicates informatics with traditional 12-lead resting ECG tracings and ECG interpretive analysis.
Cardiac Science Corporation, CompuMed Inc., GE Healthcare Inc., Medtronic Inc., Mindray Medical International Ltd., Nihon Kohden Corporation, Philips Healthcare, ScottCare Corporation, Dragger, and Welch Allyn Inc. are among the leading companies operating in the ECG telemetry devices market.
The report segments the ECG telemetry devices market as follows: