Global ECG Telemetry Devices Market to Reach $1.25 Billion by 2017, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 16, 2012
Follow us on LinkedIn – Global market for ECG monitoring equipment continues to expand steadily mainly driven by the high occurrence of cardiovascular diseases. With most hospitals moving towards computerization for maintaining Electrocardiogram (ECG) records, investment in data management systems continue to account for a major share of hospital budgets. Rising expenditure and scarcity of alternative home care resources and services are further expected to add to the growing demand for home telemetry monitoring devices. With growing number of people receiving home care, there exists strong potential for growth in the home care monitoring devices and telemetry devices segments. Further with rapid growth in the number of units dedicated to offering diagnosis and treatment of chest pain, demand for electrocardiography (ECG) telemetry systems is on rise. Besides this, advancements in technology such as improvement in algorithms and wireless technologies are enabling growth in the ECG telemetry devices market.
As stated by the new market research report on ECG Telemetry Devices, the US constitutes the largest regional market. Asia-Pacific represents the fastest growing market for ECG telemetry devices. As the current healthcare infrastructure in various Asian countries is still under way, significant opportunities exist for new patient care monitoring systems in these emerging markets. Segment-wise, Central Display/Control/Recording Station segment constitutes the largest product segment. The stations typically are installed with a computer to display, control and record the patient’s information. Electrical Leads represents the fastest growing product segment of the market.
Major players profiled in the report include Aerotel Medical Systems Ltd., Cardiac Science Corporation, CompuMed Inc., eResearchTechnology Inc., Fukuda Denshi Co., GE Healthcare Inc., Ltd., Mennen Medical Ltd., Mindray Medical International Ltd., Mortara Instrument Inc., Nasiff Associates, Nihon Kohden Corporation, Philips Healthcare, Siemens Medical Solutions, and Spacelabs Healthcare.
The research report titled "ECG Telemetry Devices: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides annual sales estimates and projections for ECG Telemetry Devices market for the years 2009 through 2017 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Patient Digital Transmitters, Electrical Leads, Distributed Receiving Antenna, and Central Display/Control/Recording Station.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.