Market Research Report
North America Ecg Equipment Market Forecast 2021-2028
|North America Ecg Equipment Market Forecast 2021-2028|
Published: September 6, 2021
Content info: 145 Pages
Delivery time: 2-3 business days
The North America ECG equipment market growth is expected to progress at a CAGR of 4.79% during the forecast period, 2021-2028. Technological advancements with regard to ECG devices like smartphone integration, novel electrodes & sensors, handheld, and portability and ECG devices integrated with artificial intelligence systems are set to increase market demands.
The United States and Canada are analyzed for the North America ECG equipment market growth assessment. In Canada, the most common arrhythmia is atrial fibrillation, affecting almost 350,000 individuals. Also, there has been a rise in heart failure cases, with 600,000 affected by heart diseases. In addition, many small companies with major businesses in the ECG market, like Contex International, CardioComm Solutions, and AliveCor, are establishing their bases in Canada. Moreover, the reimbursement policies in the country have been de-centralized with no national recommendatory process for medical technologies or devices. Therefore, the overall market growth is attributed to increasing healthcare expenditure, growing awareness regarding early detection of diseases, presence of multinational companies, and emerging companies.
Furthermore, the North America market is estimated to witness increasing revenue share in the resting ECG devices segment. It helps in measuring the electrical activity of the heart in the duration of around 5 minutes. Also, it can detect heart conditions like myocardial infarction, ischemia, cardiac arrhythmias, etc.
Some of the eminent companies in the market include Schiller AG, Spacelabs Healthcare, McKesson Corporation, Biotelemetry Inc, Mindray Medical International Limited, etc.