ECG Analysis System Market Analysis- Size, Share, Growth, Industry Demand, Forecast, Application Analysis To 2022

Published On:June 28, 2017, 3:19 pm

ECG analysis SystemsECG analysis Systems is a medical instrument, which recognize and provide information about abnormal operation of the heart. ECG referred as electrocardiogram. ECG analysis is a process of recording the heart’s electrical activity over interval of time using electrodes placed on the skin. These tiny electrodes observe the tiny electrical changes on the skin that arise from the heart muscles. An ECG analysis system records these electrical activities across multiple heart beats and produces an ECG strip. An ECG strip shows the electrical signals from heart as line tracings on paper.

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The ECG analysis very commonly performed cardiology test. The ECG analysis system includes keyboard, screen, and printer on a small wheeled stand and a long cable that connects the electrodes placed on skin to the ECG system. Electrocardiography is performed to gain information about structure and function of the heart, unexplained chest pain or pressure or symptoms of heart disease such as dizziness, breath, fainting, and rapid and irregular heartbeats. Also ECG analysis used to observing the effects of a heart medication.

The global ECG analysis system market was valued around USD 4 billion in 2016. It is expected to reach approximately USD 6.8 billion by 2022. The compound annual growth rate is expected to be 6%.   The increasing number of ECG analysis with the escalating number of patients enduring from cardiovascular diseases is requiring for more systems in the hospitals and clinics also the hospitals are determined to increase their efficiency, reduce costs and improve the diagnosis by connecting ECG management systems; these factors are driving the global market.

According to World Health Organization, about 17 million deaths occur due to cardiovascular diseases in year 2012 comprising 32% of the overall deaths worldwide. Also coronary heart diseases caused 7.5 million deaths while stroke costs 6.8 million deaths. Rising incidences of these diseases are directing to increased diagnosis and ascend in the demand for ECG analysis and ECG management systems. However, high cost of the ECG analysis system restricts the hospitals and small scale clinics in developing countries.

The key market players are Grady Medical Systems, Philips Healthcare, GE Medical, Schiller AG, Medical Econet, Smiths Medical, Nihon Kohden, Innomed Medical, Opto Circuits, Contec Medical Systems, Cardioline, Fukuda Denshi Co Ltd., Sunray Medical Apparatus, Johnson and Johnson, Solaris Medical, BIOPAC Systems, Mortara Instrument Inc., Vmed Technology, Welch Allyn, NORAV Medical, Spacelabs Healthcare, Tenko Medical and Medtronic. On the basis of product the global market is classified into; Single-Channel, Three Channel, Six Channel and Twelve Channel. According to application, the market split into; Hospital, Clinic and Home. Geographically, the global market is segmented into regions which are; Asia-Pacific, Europe, North America, Latin America, Africa and Middle-East.

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