Data Bridge Market Research analyses a growth rate in the global 12 channel electrocardiogram (ECG) market in the forecast period 2022-2029. The expected CAGR of global 12 channel ECG market is tend to be around 11.20% in the mentioned forecast period. The market was valued at USD 9.27 billion in 2021, and it would grow upto USD 21.67 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Global 12 Channel Electrocardiogram (ECG) Market Dynamics

Drivers

Associated Beneficial Factors

The product types associated with it are gaining much popularity for the market. One of its segments, implantable loop recorders (ILRs), is very interesting.

Increasing Cardiovascular Diseases

Increase in prevalence of heart diseases globally is the primary factor driving the 12 channel electrocardiogram (ECG) market globally. According to WHO, cardiovascular disease is one of the leading cause of death worldwide with approximately 17.9 million of death every year. In addition, rise in demand for the invasive techniques and lifestyle changes boosting the market growth.

Opportunities

Technological Advancements

Rise in R&D activities of advanced technology for 12 channel electrocardiograph device is driving the market growth. New product launches and innovation in designing electrocardiograph contribute to market growth. For instance, AliveCor, a U.S.-based company, launched KardiaMobile 6L in the year 2020. It is a personal ECG device in India. In addition, the introduction of remote monitoring devices with single lead and portable ECG systems is set to drive the market's growth.

Increasing Number of Patient Visits

In 2019, the hospitals, clinics, & cardiac care centers segment accounted for the largest share of the market. They can be attributed to the growing burden of cardiovascular diseases, which, in turn, is increasing the need for quality cardiology care and surging the number of patient visits to clinics and hospitals for the diagnosis of CVD, and the availability of reimbursements for Holter & event monitors across developed markets.

Restraints/Challenges

Lack of skilled professionals

The lack of qualified personnel who are unable to use these devices could curb the growth of the global 12 channel electrocardiogram (ECG) market over a forecast period.

High Cost

High cost of these software systems can hinder the growth of the global 12 channel ECG market even though the prevalence of thrombotic diseases are high.

This 12 channel electrocardiogram (ECG) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

12 Channel Electrocardiogram (ECG) Market Scope

The 12 channel electrocardiogram (ECG) market is segmented on the basis of product, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Resting ECG

Stress

Mobile Cardiac Telemetry Device

Implantable Loop Recorder

Type

Precordial

Unipolar

Bipolar

Application

Home Use

Hospital

12 channel ECG Market Regional Analysis/Insights

The 12 channel electrocardiogram (ECG) market is analysed and market size insights and trends are provided by product, type and application as referenced above.

The major countries covered in the 12 channel electrocardiogram (ECG) market are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Competitive Landscape and 12 Channel Electrocardiogram (ECG) Market Share Analysis

The 12 channel electrocardiogram (ECG) market competitive landscape provides details by competitor.

Key players operating in the 12 channel electrocardiogram (ECG) market include:

 

General Electric Company (U.S.)

Koninklijke Philips N.V. (Netherlands)

NIHON KOHDEN CORPORATION. (Japan)

Hill-Rom Services, Inc. (U.S.)

Ambu A/S. (Denmark)

SCHILLER (India)

ACSDiagnostics. (U.S.)

FUKUDA DENSHI (Japan)

BioTelemetry, Inc. (U.S.)

OSI Systems, Inc. (U.S.)

BTL. (U.S.)

Allengers (India)

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)

EDAN Instruments, Inc. (China)

Cardioline S.P.A. (Italy)

SUZUKEN CO., LTD. (Japan)

Norav Medical (U.S.)

Nexus Lifecare (India)

Midmark Corporation (U.S.)

Spacelabs Healthcare (U.S.)

Innomed Medical Inc. (Hungary)

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MAJOR TOC OF THE REPORT: -

  • Chapter One: Introduction
  • Chapter Two: Market Analysis and Insights
  • Chapter Three: Market Dynamics
  • Chapter Four: Market Scope
  • Chapter Five:  Market Regional Insights
  • Chapter Six: Competitive Landscape System Market  

Get TOC Detail: -  https://www.databridgemarketresearch.com/toc/?dbmr=global-12-channel-electrocardiogram-ecg-market

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