Growing requirement for timely detection of any abnormalities in functionality of heart is anticipated to propel demand for ECG equipment and management systems. Such systems monitor various parameters related to heart that can support better diagnosis of possible heart disorders. Increasing cases of untimely heart attacks in youngsters and adults are anticipated to further fuel the product demand in the coming years.
New Smart Watches to Detect Abnormalities in Heart
Major product-variants of ECG equipment and management system are resting ECG system, stress ECG monitors, holter monitors, event monitoring systems, and ECG management system. Resting ECG systems led the product segment in 2016. However, the ECG management system segment is likely to account for the maximum growth over the forecast years (from 2017 to 20025) owing to their ease of use, advent of innovative products, and better efficiency. Due to this, most ECG equipment and management system manufacturing companies are focusing on R&D activities to develop advanced products for better diagnostic results.
For instance, recently, Apple Inc. had designed an advanced heart monitoring system for its smart watches. The company has added highly sensitive sensors in these smart watches to predict possible infirmities while relying on previously recorded data or historical events. In 2017, Bittium had launched an innovative software solution that analyzes cardiac events based on long-term Holter measurements and ECG measurements. This helps detect cardiac arrhythmias and in-depth analysis of long –term recordings.
Market Overview
The global ECG equipment and management system market is expected to reach USD 7.63 billion by 2025, according to a report by Grand View Research, Inc. Increasing cases of heart-related disorders such as ischemic heart disease, heart arrhythmia, and heart attack as a result of rising geriatric population base can impel the growth of this market.
Continuous technological development in the healthcare sector for early detection of cardiovascular diseases can further stimulate the market demand. Moreover, supportive government regulations towards health awareness and infrastructural development is also anticipated to drive market development over the coming years. Some of the leading companies offering ECG equipment and management system are Mindray Medical; Compumed Inc.; GE Healthcare; BioTelemetry, Inc.; and Hill Rom.
In-Depth research report on ECG equipment and management system market:
In-Depth research report on ECG equipment and management system market:
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