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.
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
NORTH AMERICA ECG TELEMETRY DEVICE MARKET SEGMENTATION
By Product
By End User
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,185.3 Million |
| Market Size by 2028 | US$ 2,075.2 Million |
| CAGR (2021 - 2028) | 8.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America ECG Telemetry Device Market is valued at US$ 1,185.3 Million in 2021, it is projected to reach US$ 2,075.2 Million by 2028.
As per our report North America ECG Telemetry Device Market, the market size is valued at US$ 1,185.3 Million in 2021, projecting it to reach US$ 2,075.2 Million by 2028. This translates to a CAGR of approximately 8.3% during the forecast period.
The North America 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 North America ECG Telemetry Device Market report:
The North America ECG Telemetry Device Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America ECG Telemetry Device Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America ECG Telemetry Device Market value chain can benefit from the information contained in a comprehensive market report.
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