North America 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)

TIPRE00022982 | Pages: 110 | Medical Device | Jun 2021 | Type: Regional | Status: Published

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.

As the COVID-19 pandemic continues to unfold, medical device companies are finding difficulties in managing their operations. Many companies offering products for cardiac monitoring have their business operations in the United states and business are adversely being affected by the effects of a widespread outbreak of COVID-19. This has disrupted and restricted company’s ability to distribute products, as well as temporary closures of our facilities or the facilities of our suppliers or customers. Moreover, market players also witnessed disruption in their business operations since March 2020, as US healthcare authorities framed policies about elective cardiac surgeries. Also, to free-up limited space for people being treated for the virus, hospitals have postponed, or cancelled. However, demand for vital sign monitoring devices in the region had substantial impact on the adoption of ECG telemetry. Though, there was disruption in distribution, demand for such products had marginal positive impact on the North America ECG telemetry devices market.

 


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Market Overview and Dynamics

The ECG telemetry device market in North America is expected to grow from US$ 1,185.3 million in 2021 to US$ 2,075.2 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2021 to 2028. The developing countries are focusing on bringing advancements in their healthcare infrastructure and services. For instance, in March 2020, Biotelemetry, Inc. expanded its mobile cardiac outpatient telemetry monitoring program to COVID-19 patients in various institutions in the US to monitor QT prolongation associated with hydroxychloroquine and azithromycin medication. 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 North America 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 North America 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, CompuMed Inc., GE Healthcare Inc., Medtronic Inc., Mindray Medical International Ltd., Nihon Kohden Corporation, Philips Healthcare, ScottCare Corporation, Dragger, and Welch Allyn Inc.

 

Reasons to buy report

  • To understand the North America 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 North America ECG telemetry device market
  • Efficiently plan M&A and partnership deals in North America 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 North America ECG telemetry device market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

 

NORTH AMERICA ECG TELEMETRY DEVICE MARKET SEGMENTATION

By Product

  • Resting ECG Devices
  • Stress ECG Devices
  • Others

 

By End User

  • Home Healthcare
  • Hospitals

 

By Country

  • North America
    • US
    • Canada
    • Mexico

 

Companies Mentioned

  1. Cardiac Science Corporation
  2. CompuMed Inc.
  3. GE Healthcare Inc.
  4. Medtronic Inc.
  5. Mindray Medical International Ltd.
  6. Nihon Kohden Corporation
  7. Philips Healthcare
  8. ScottCare Corporation
  9. Dragger
  10. 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          North America ECG Telemetry Device Market – By Country

2.           North America ECG Telemetry Device Market – Key Takeaways

3.           Research Methodology

3.1          Coverage

3.2          Secondary Research

3.3          Primary Research

4.           North America ECG Telemetry Device Market – Market Landscape

4.1          Overview

4.2          PEST Analysis

4.2.1          ECG Telemetry Device Market- North America PEST Analysis

4.3          Expert Opinion

5.           North America 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 – North America Analysis

6.1          North America ECG Telemetry Device Market Revenue Forecasts and Analysis

7.           North America 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.           North America 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          North America: ECG Telemetry Devices Market Revenue and Forecast to 2028

9.1.1          Overview

9.1.2          North America: ECG Telemetry Devices Market, by Country, 2020 & 2028 (%)

9.1.3          US: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.3.1             US: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.3.2             US: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)

9.1.3.3             US: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)

9.1.4          Canada: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.4.1             Canada: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.4.2             Canada: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)

9.1.4.3             Canada: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)

9.1.5          Mexico: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.1             Mexico: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.2             Mexico: ECG Telemetry Devices Market, by Product, 2019–2028 (USD Million)

9.1.5.3             Mexico: ECG Telemetry Devices Market, by End User, 2019–2028 (USD Million)

10.        Impact Of COVID-19 Pandemic on North America ECG Telemetry Device Market

10.1        North America: 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        CompuMed, Inc

12.6.1        Business Description

12.6.2        Products and Services

12.6.3        Financial Overview

12.6.4        SWOT Analysis

12.6.5        Key Developments

12.7        Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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        Welch Allyn, Inc. (Hill Rom)

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

12.9        Asahi Kasei Corporation (Cardiac Science Corporation)

12.9.1        Key Facts

12.9.2        Business Description

12.9.3        Products and Services

12.9.4        Financial Overview

12.9.5        SWOT Analysis

12.9.6        Key Developments

12.10     ScottCare Corporation

12.10.1      Key Facts

12.10.2      Business Description

12.10.3      Products and Services

12.10.4      Financial Overview

12.10.5      SWOT Analysis

12.10.6      Key Developments

13.        Appendix

13.1        About the Insight Partners

13.2        Glossary of Terms

 


 

LIST OF TABLES

Table 1.              US ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 2.              US ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 3.              Canada ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 4.              Canada ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5.              Mexico ECG Telemetry Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 6.              Mexico ECG Telemetry Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 7.              Organic Developments Done by Companies

Table 8.              Inorganic Developments Done by Companies

Table 9.              Glossary of Terms, ECG Telemetry Device Market

 

LIST OF FIGURES

Figure 1.            ECG Telemetry Device Market Segmentation

Figure 2.            North America ECG Telemetry Device Market Overview

Figure 3.            Resting ECG Devices Segment Held Largest Share of Product in ECG Telemetry Device Market

Figure 4.            US is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.            ECG Telemetry Device Market - North America PEST Analysis

Figure 6.            ECG Telemetry Device Market Impact Analysis of Driver and Restraints

Figure 7.            North America 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.          North America: ECG Telemetry Devices Market, by Key Country – Revenue (2020) (USD Million)

Figure 16.          North America: ECG Telemetry Devices Market, by Country, 2020 & 2028 (%)

Figure 17.          US: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 18.          Canada: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 19.          Mexico: ECG Telemetry Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 20.          Impact of COVID-19 Pandemic in North American Country Markets

Figure 21.          Growth Strategies Done by the Companies in the Market, (%)

 

  1. Cardiac Science Corporation
  2. CompuMed Inc.
  3. GE Healthcare Inc.
  4. Medtronic Inc.
  5. Mindray Medical International Ltd.
  6. Nihon Kohden Corporation
  7. Philips Healthcare
  8. ScottCare Corporation
  9. Dragger
  10. Welch Allyn Inc
  •  Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America ECG telemetry device market.
  •  Highlights key business priorities in order to assist companies to realign their business strategies
  •  The key findings and recommendations highlight crucial progressive industry trends in the North America ECG telemetry device market, thereby allowing players across the value chain to develop effective long-term strategies
  •  Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  •  Scrutinize in-depth North America market trends and outlook coupled with the factors driving the ECG telemetry device market, as well as those hindering it
  •  Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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