Asia Pacific ECG Telemetry Device Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Resting ECG Devices, Stress ECG Devices, and Others); End User (Home Healthcare, and Hospitals)
Market Introduction
ECG device monitors and record electrical activity of the heart and the device detects and picks up electrical impulses generated by the polarization and depolarization of cardiac tissue and translate them into waveform. This helps physician or cardiologist to diagnose cardiac abnormalities as well as size and position of chambers.
Thus, a surge in geriatric population is expected to create a significant demand for ECG telemetry device in the coming years, which is further anticipated to drive the ECG telemetry device market.
Many measures have been implemented to contain the spread of COVID-19, that have resulted in significant operational disruption for many companies including in healthcare industry. Staff quarantine, supply-chain failures, and reductions in demand have generated serious complications for companies. Also, there has been a significant drop in in-patient and out-patient visits for private hospital chains. To relieve healthcare systems, many clinics have been postponing non-critical cardiac surgeries. As per a report published in the British Journal of Surgery on May 12, the number of operations cancelled in India is estimated at 48,728 per week. Moreover, medical device companies are starting to forecast large sales declines in their Chinese markets because people are staying at home. Many big medical device companies such as Philips, GE Healthcare, and Hill Rom amongst others have predicated the decline in sales in china. Almost no elective surgeries were performed in China in February. Such activities are anticipated to have negative impact on Asia Pacific ECG telemetry devices market.
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Market Overview and Dynamics
The ECG telemetry device market in Asia Pacific is expected to grow from US$ 245.4 million in 2021 to US$ 399.2 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The incidence of CVDs is increasing dramatically in developed countries due to a transition in people’s lifestyle and rise in other CVD-related health indications due to the introduction of modernized facilities. The advanced and modern infrastructure as well as changing job patterns are leading to sedentary lifestyle in masses, along with propelling stress levels. For instance, according to the World Heart Federation, CVDs account for 30% of all deaths every year, i.e., ~17.3 million mortalities. The increasing prevalence of CVDs due to urbanization—coupled with a greater exposure to pollution and stress, consumption of high-cholesterol and high-calorie foods, reduced extent of physical exercise, and genetic issues such as long QT syndrome and catecholaminergic polymorphic ventricular tachycardia—triggers the demand for cardiac monitoring products for diagnostics. Thus, the ECG telemetry devices market players are leveraging the opportunities offered by developing countries to enter the market with cost-effective products, which would drive their growth during the forecast period.
Key Market Segments
In terms of product, the resting ECG devices segment accounted for the largest share of the Asia Pacific ECG telemetry device market in 2020. In terms of end user, the hospitals segment held a larger market share of the ECG telemetry device market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the ECG telemetry device market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cardiac Science Corporation, GE Healthcare Inc., Medtronic Inc., Mindray Medical International Ltd., Nihon Kohden Corporation, Philips Healthcare, Dragger, and Welch Allyn Inc.
Reasons to buy report
- To understand the Asia Pacific ECG telemetry device market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific ECG telemetry device market
- Efficiently plan M&A and partnership deals in Asia Pacific ECG telemetry device market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific ECG telemetry device market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
ASIA PACIFIC ECG TELEMETRY DEVICE MARKET SEGMENTATION
By Product
- Resting ECG Devices
- Stress ECG Devices
- Others
By End User
- Home Healthcare
- Hospitals
By Country
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- Cardiac Science Corporation
- GE Healthcare Inc.
- Medtronic Inc.
- Mindray Medical International Ltd.
- Nihon Kohden Corporation
- Philips Healthcare
- Dragger
- Welch Allyn Inc
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 ECG Telemetry Device Market – By Product
1.3.2 ECG Telemetry Device Market – By End User
1.3.3 Asia Pacific ECG Telemetry Device Market – By Country
2. Asia Pacific ECG Telemetry Device Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific ECG Telemetry Device Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 ECG Telemetry Device Market- Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific ECG Telemetry Device Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Cardiovascular Disease Incidence
5.1.2 Surge in Geriatric Population
5.2 Market Restraints
5.2.1 High Cost and Technical Inconsistencies
5.3 Market Opportunities
5.3.1 Growth Opportunities in Developing Nations
5.4 Future Trends
5.4.1 Market Consolidation Through Product Enhancements and Acquisitions
5.5 Impact Analysis
6. ECG Telemetry Device Market – Asia Pacific Analysis
6.1 Asia Pacific ECG Telemetry Device Market Revenue Forecasts and Analysis
7. Asia Pacific ECG Telemetry Device Market Analysis and Forecasts To 2028 – By Product
7.1 Overview
7.2 ECG Telemetry Devices Market Revenue Share, by Product (2020 and 2028)
7.3 Resting ECG Devices
7.3.1 Overview
7.3.2 Resting ECG Devices: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Stress ECG Devices
7.4.1 Overview
7.4.2 Stress ECG Devices: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific ECG Telemetry Device Market Analysis and Forecasts to 2028– By End User
8.1 Overview
8.2 ECG Telemetry Devices Market Revenue Share, by End User (2020 and 2028)
8.3 Home Healthcare
8.3.1 Overview
8.3.2 Home Healthcare: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Hospitals
8.4.1 Overview
8.4.2 Hospitals: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
9. ECG Telemetry Device Market Revenue and Forecasts to 2028 – Geographical Analysis
9.1 Asia Pacific: ECG Telemetry Devices Market Revenue and Forecast to 2028
9.1.1 Overview
9.1.2 Asia Pacific: ECG Telemetry Devices Market, by Country, 2020 & 2028 (%)
9.1.3 China: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.1 China: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.2 China: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)
9.1.3.3 China: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)
9.1.4 Japan: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Japan: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.2 Japan: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)
9.1.4.3 Japan: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)
9.1.5 India: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1 India: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2 India: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)
9.1.5.3 India: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)
9.1.6 South Korea: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 South Korea: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 South Korea: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)
9.1.6.3 South Korea: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)
9.1.7 Australia: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Australia: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Australia: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)
9.1.7.3 Australia: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)
9.1.8 Rest of Asia Pacific: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Rest of Asia Pacific: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.2 Rest of Asia Pacific: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)
9.1.8.3 Rest of Asia Pacific: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)
10. Impact Of COVID-19 Pandemic on Asia Pacific ECG Telemetry Device Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. COMPANY PROFILES
12.1 General Electric Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nihon Kohden Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Koninklijke Philips N.V.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dragerwerk AG & Co. KGaA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Welch Allyn, Inc. (Hill Rom)
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Asahi Kasei Corporation (Cardiac Science Corporation)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. China ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 2. China ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 3. Japan ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 4. Japan ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. India ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 6. India ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. South Korea ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 8. South Korea ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 9. Australia ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 10. Australia ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Asia Pacific ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Asia Pacific ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 13. Organic Developments Done by Companies
Table 14. Inorganic Developments Done by Companies
Table 15. Glossary of Terms, ECG Telemetry Device Market
LIST OF FIGURES
Figure 1. ECG Telemetry Device Market Segmentation
Figure 2. Asia Pacific ECG Telemetry Device Market Overview
Figure 3. Resting ECG Devices Segment Held Largest Share of Product in ECG Telemetry Device Market
Figure 4. Japan is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. ECG Telemetry Device Market - Asia Pacific PEST Analysis
Figure 6. ECG Telemetry Device Market Impact Analysis of Driver and Restraints
Figure 7. Asia Pacific ECG Telemetry Device Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. ECG Telemetry Devices Market Revenue Share, by Product (2020 and 2028)
Figure 9. Resting ECG Devices: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Stress ECG Devices: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Others: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. ECG Telemetry Devices Market Revenue Share, by End User (2020 and 2028)
Figure 13. Home Healthcare: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Hospitals: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Asia Pacific: ECG Telemetry Devices Market, by Key Country – Revenue (2020) (USD Million)
Figure 16. Asia Pacific: ECG Telemetry Devices Market, by Country, 2020 & 2028 (%)
Figure 17. China: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 18. Japan: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. India: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 20. South Korea: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 21. Australia: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. Rest of Asia Pacific: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 23. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 24. Growth Strategies Done by the Companies in the Market, (%)
- Cardiac Science Corporation
- GE Healthcare Inc.
- Medtronic Inc.
- Mindray Medical International Ltd.
- Nihon Kohden Corporation
- Philips Healthcare
- Dragger
- Welch Allyn Inc
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the ECG telemetry device market, as well as those hindering it
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