An electrocardiogram (ECG) is a test that measures the electrical activity of the heartbeat. ECG is the most commonly used medical tests in modern medicine. The ECG management system provides improved workflow efficiency by storing, processing and distributing vital cardiac information between doctors and patients. Over the years, ECG management systems have evolved with improvements in the efficacy and maintenance of medical records in electronic form. The system can be connected to tablets, mobiles, and mobile applications which can send data to storage devices used for analysis by physicians and medical personnel. Thus, there is an increasing demand for ECG management systems, worldwide.
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Growth of the ECG management systems market is mainly driven by the increasing prevalence of cardiovascular disease worldwide. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death worldwide, taking an estimated 17.9 million lives each year. People age 65 and older are more susceptible to cardiovascular disease. Aging can cause changes in the heart and blood vessels that may increase a person’s risk of developing cardiovascular disease. According to the United Nations, in 2020, there were around 727 million people aged 65 years or over worldwide, and this number is expected to double by 2050, reaching over 1.5 billion persons.
This in turn is also expected to augment the growth of the ECG management systems market. The ECG management system is an easy to carry, lightweight, safe, and reliable source for diagnosing and monitoring heart activity. ECG is a simple test that can be used to check heart’s rhythm and electrical activity; detect electrical signals produced by the heart each time it beats. This helps doctors determine if the heart is performing as it is supposed to. It is one of the simplest and fastest tests used to evaluate the heart. This test can often detect heart disease, heart attack, an enlarged heart, or abnormal heart rhythms that may cause heart failure. Thus, there is an increasing demand for ECG management systems around the world.
Moreover, the ECG management systems market, in North America, is witnessing significant growth, owing to the increasing prevalence of cardiovascular disease along with the growing geriatric population in this region. According to the Centers for Disease Control and Prevention (CDC), each year, around 655,000 people in the United States die from heart disease, that’s one in every four deaths. However, stringent government regulations are expected to hamper the growth of the ECG management systems market. The Food and Drug Administration (FDA) has implemented rules for in-vitro testing of ECG Devices.
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The major players covered in ECG Management Systems Market:
Philips Healthcare, GE Healthcare, Cardiac Science Corporation, CardioComm Solutions, Inc., Norav Medical, Nihon Kohden Corporation, Mortara Instrument and Suzuken Kenz
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Key Questions Answered in the report include
- Who are the global manufacturers of the ECG Management Systems & what is their market share, value, volume, competitive landscape, SWOT analysis, and future development plans?
- What are the prime drivers, growth/decline factors, and challenges of the ECG Management Systems?
- How is the Market expected to evolve in the forecasted period of 2021 – 2028?
- What are the consumption patterns across the various regions?
- How has Covid – 19 impacted the Market and has there been a change in the regulatory policy framework?
- Which are the key areas of applications and product types that may expect a huge demand during the forecast period 2021 – 2028?
- What are the key offerings and new strategies adopted by the players of the ECG Management Systems?
What benefits does the CMI research study is going to provide?
• Latest industry influencing trends and development scenario
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments
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This ECG Management Systems reports market status and outlook of global and major regions, from angles of players, countries, product types, and end industries; this report analyzes the top players in the global industry and splits by product type and applications/end industries. This report also includes the impact of COVID-19 on the industry. Global ECG Management Systems Industry 2021 Market Research Report is spread across 100+ pages and provides exclusive vital statistics, data, information, market trends, and competitive landscape details in this niche sector.
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