The global ECG
equipment and management market is predicted to value USD 7.63 billion by 2025,
according to a report by Grand View Research, Inc. Rising cases of various
heart disorders such as heart arrhythmia, and ischemic heart disease owing to
growing geriatric population can spur the demand for ECG equipment and
management system. Such advanced equipment offer advanced sensors to diagnose
abnormalities in a better manner as compared to the conventional heart
monitors.
Emerging
cases of heart attack in youngsters owing to unhealthy lifestyle and eating
habits is likely to fuel demand for advanced heart monitoring devices. Early
diagnosis of any possible abnormalities in human heart using advanced
diagnostic systems can save many lives. In addition, effective features of
these systems such as portability and much elaborated diagnostic results are anticipated
to propel demand in the forthcoming years. To cater to rising demand, most
companies are focusing on R&D investments to develop new and innovative ECG
equipment and management systems for better diagnostic results.
For instance,
Apple recently developed an advanced heart monitor for its smart watches. The
company used highly advanced sensors that help predict forthcoming infirmities,
instead of focusing on historical data. The smart watch passes an imperceptible
current across the wearer's chest upon squeezing the device screen to track the
heart's electrical signals in order to detect any abnormalities, such as irregular
heart rates, which may possess fatal risks of heart failure or attack.
The
global ECG equipment and management system market is anticipated to register a
healthy growth rate of 5.8 % during the forecast years (from 2017 to 2025).
Growing investments by private and government firms for the development of
advanced, easy-to-use technologies for timely detection of cardiovascular
diseases (CVDs) is expected to be the key factor stimulating the market growth.
Commercialization of new products is also likely to have a positive impact on
the expansion of the market.
Favorable
government policies in various regions towards infrastructural development and spreading
health awareness among people may also boost the market growth in future. Some
of the leading companies offering ECG equipment and management system are
Compumed Inc.; BioTelemetry, Inc.; Mindray Medical; GE Healthcare; and Hill
Rom.
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