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.
The ECG telemetry devices market in the Middle East and Africa comprises UAE, Saudi Arabia, South Africa, and other GCC. The COVID-19 pandemic has become the most significant challenge in the region. The Middle East has reported around 12 million cases while Africa witnessed 4.5 million cases. Many countries in the region have very less developed and underfunded healthcare systems. Sudden emergence of the virus caused severe pressure on healthcare facilities in the region. Furthermore, shortage of hospital supplies also accelerate the criticality of the condition. During the pandemic, the focus of healthcare professionals was only limited to the COVID management, which substantially hampered the number of other diagnostic procedures and elective surgeries in the region. Moreover, implementation of social distancing policies resulted into limited patients visits to cardiac centers, which drastically impacted the demand and adoption of ECG telemetry devices in Middle East and Africa. Apart from this, a huge population already face a growing burden of non-communicable diseases, making them more vulnerable to the virus. Moreover, economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and have been unable to implement any public health measures and Iran was in deep economic recession due to the US sanctions. Such factors are restraining the growth of the market in the region. However, launch of coronavirus vaccination programs in several countries will ultimately control the situation in years to come. These efforts to control the spread will ultimately recover and restore the situations post-pandemic.
Market Overview and Dynamics
The ECG telemetry device market in Middle East and Africa is expected to grow from US$ 148.0 million in 2021 to US$ 213.8 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The consolidation of the ECG telemetry devices industry through the expansion and upgrading of product lines is an emerging trend followed by prime telemedicine companies. With the increasing patient population and rising awareness toward technologies, the companies are striving to expand their manufacturing capabilities. This factor has led to geographic diversification, enormous capital generation, therapeutic and development expertise building, and steady technical resource availability among the industry giants, which helps them meet the requirement of healthcare facilities and patients suffering from CVDs such as heart valve complications, abnormal heart rhythms, or arrhythmias.
Key Market Segments
In terms of product, the resting ECG devices segment accounted for the largest share of the Middle East and Africa 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 Middle East and Africa 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
MIDDLE EAST AND AFRICA ECG TELEMETRY DEVICE MARKET SEGMENTATION
By Product
By End User
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 148.0 Million |
| Market Size by 2028 | US$ 213.8 Million |
| CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa ECG Telemetry Device Market is valued at US$ 148.0 Million in 2021, it is projected to reach US$ 213.8 Million by 2028.
As per our report Middle East and Africa ECG Telemetry Device Market, the market size is valued at US$ 148.0 Million in 2021, projecting it to reach US$ 213.8 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The Middle East and Africa ECG Telemetry Device Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa ECG Telemetry Device Market report:
The Middle East and Africa ECG Telemetry Device Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa ECG Telemetry Device Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa ECG Telemetry Device Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East and Africa ECG Telemetry Device Market
