Research Nester published a report titled “ECG Event Recorder Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global ECG event recorder market in terms of market segmentation by type, monitor type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global ECG event recorder market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2030. The market is bifurcated on the basis of monitor type into loop memory monitor, and symptom event monitor. Out of these, the symptom event monitor segment is anticipated to hold the notable share over the forecast period owing to the high efficiency of symptom event monitor in predicting and avoiding any life-threatening events, such as, heart attack, stroke, and others.
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The global ECG event recorder market is estimated to grow on the back of rising cases of cardiovascular diseases, which require ECG monitoring for treatment. According to the data by the World Health Organization (WHO), CVDs are responsible for over 17.9 million deaths each year, making it the leading cause of death worldwide. Furthermore, the adoption of advanced technology in the healthcare sector is estimated to propel the market growth. Moreover, presence of favorable reimbursement and health insurance policies makes it easier for patients to afford ECG recorders, which is further estimated to boost the market growth.
On the basis of geographical analysis, the global ECG event recorder market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high prevalence of cardiac diseases in the region, backed by poor lifestyle. According to the data by the Center for Disease Control and Prevention (CDC), in the United States, almost 659,000 people die due to heart disease every year. Moreover, growing healthcare expenditure in the US, along with rising per capita healthcare expenditure are estimated to boost the market growth. According to the World Bank, 16.885% of the GDP of United States was spent for healthcare in 2018.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Prevalence of Cardiovascular Diseases to Boost the Market Growth
ECG is required to monitor any unusual activities in the heart, which can successfully help in avoiding any life-threatening event, such as, heart attack, or ischemic stroke. The growing incidences of cardiac-related disorders are bound to boost the demand for ECG event recorders, which is estimated to boost the market growth.
However, high cost of ECG and lack of health awareness in developing and underdeveloped nations are expected to operate as key restraint to the growth of global ECG event recorder market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global ECG event recorder market which includes company profiling of Akili Interactive Labs, Inc., Koninklijke Philips N.V., WellDoc, Inc., Noom, Inc., Pear Therapeutics, Inc., Teladoc Health, Inc., Click Therapeutics, Inc., Ayogo Health Inc., and Mindstrong Health. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global ECG event recorder market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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