Asia Pacific Ecg Equipment Market Forecast 2016-2024
Asia Pacific ECG Equipment market is anticipated to grow at $1100 million in 2016 and is projected to reach $1854 million by 2024, growing at a CAGR of 6.82%, during the forecast period 2016-2024.The forecast period for the market is from 2016 to 2024 and the base year deliberated for the market study is 2016. Rapid increase in cardiovascular diseases and increasing use of monitoring devices with the rise in geriatric population is driving the ECG market.
The ECG Equipment market segmentation is on the basis of a single lead, 3-6 lead and 12 lead. The ECG market by end-user is further segmented into hospitals and home/ambulatory car based. The ECG Equipment market by product is further divided into resting ECG monitoring systems, ECG stress testing system and Holter monitoring system/event monitoring system. The ECG Equipment market by region is segmented into India, China, Japan, Korea, rest of Asia pacific. Cost effective and non-invasive miniature devices backed by advancement in technology help in increasing the production of disposable medical devices.
The key players in the Global ECG equipment market are Philips Healthcare, Cardiac Mortara Instruments, Schiller AG, Johnson & Johnson and Schiller AG, GE Healthcare, Spacelabs Healthcare, Science Corp, Welch Allyn, Dr. Lee.