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Electrocardiograph Market By Device Type, By Technology, By Lead Type, By Distribution channel (Offline, Online), Application and By End-user And Segment Forecasts, 2016-2026

Electrocardiograph Market By Device Type, By Technology, By Lead Type, By Distribution channel (Offline, Online), Application and By End-user And Segment Forecasts, 2016-2026

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WMR-Western Market Research has recently published a comprehensive and exclusive research report, which is an intelligent study covering all key segments. This research report provides breakthrough inputs and insights on market related factors like size, competition, trends, analysis, forecasts etc. The study encompasses primary and secondary data sources along with quantitative and qualitative practices thus assuring data accuracy.
The Global Electrocardiograph Market is forecast to reach USD 8.33 Billion by 2026, according to a new report by Research Genics. Driving factors like the rising prevalence of the cardiovascular diseases is one of the integral factors for growth and expansion of the Electrocardiograph [ECG] market. Apart from that, in recent years, the healthcare industry is witnessing technological development like coming up with different monitoring devices and smart wearable monitors, which is propelling the growth of the market. Some of these revolutionary advancements in the healthcare monitoring devices are smart wearable ECG monitors, portable devices, and incorporation of artificial intelligence in the care services. Such technological advancements in the healthcare sector are boosting the ECG market. Increase in healthcare expenditure and the rise in the geriatric population is also obsreved to boost the market growth during the forecast period.Another major contributing factor, which is boosting the growth of this market is the increase in the obesity rate and the associated rise in the occurrence rate of cardiovascular diseases. Such an increase in the occurrence rate of cardiovascular disease has resulted in increasing emergency hospital admissions, raising the burden on hospitals, and lengthy hospital stays that in turn is increasing the demand for ECG market. The association of increased demand for ECG with the rise in cardiovascular diseases is because, ECG helps in recording the electrical activity of heartbeat during a particular period. The mentioned elemental trait of ECG is essential in monitoring the cardiovascular condition and provide with necessary care services, which contributes to the growth of the market.

Though there are major advantages associated with the ECG, factors high cost of ECG devices, expensive maintenance of these devices, and market saturation in developed regions act as a restraint for the growth of the market.

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In context to region analysis, North America dominates the electrocardiograph [ECG] market throughout the forecast period. Factors supporting the market dominance of North America are increased in prevalence of cardiovascular diseases in the region because of changes in lifestyle like excessive smoking and sedentary lifestyle, and rise in the geriatric population.Mortara Instrument, INC., GE Healthcare (General Electric Company), Mindray Medical International Limited, Medtronic, OPTO Circuits Limited, OSI Systems Fukuda Denshi CO LTD, Philips Healthcare (Koninklijke Philips N.V.), Schiller AG, Spacelabs Healthcare and Nihon Kohden Corporation.

The companies have emphasized on diverse strategies, like acquisitions, mergers to retain its present market share and make further market expansion.Offline, Online

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