PUBLISHER: Inkwood Research | PRODUCT CODE: 1294746
PUBLISHER: Inkwood Research | PRODUCT CODE: 1294746
The Asia-Pacific ECG equipment market is anticipated to progress with a CAGR of 6.61% over the forecasted years of 2023 to 2032. The market growth of the region is attributable to the presence of an extensive network of electronic as well as semiconductor equipment, the high prevalence of cardiac disorders, and a robust medical device production base.
The Asia-Pacific ECG equipment market growth evaluation comprises the study of China, Indonesia, Vietnam, South Korea, Japan, India, Thailand, Australia & New Zealand, and Rest of Asia-Pacific. In Japan, the prevalence of cardiovascular risk factors like diabetes, high cholesterol, and hypertension is on the rise, as per a Journal of the American College of Cardiology article. This has led to the growing usage of ECG devices in clinics & hospitals. Also, the country is considered a major market for MedTech companies. The health plan in Japan is regulated by the government in order to make the monthly premium affordable. Further, the country has observed an increase in educational programs and campaigns to increase awareness about CVDs. Such factors, along with developed healthcare infrastructure, propel the demand for ECG equipment in Japan.
Conversely, South Korea has a growing prevalence of obesity, which subsequently increases the risk of diabetes and cardiovascular diseases. As a result, there has been a rise in the number of patients diagnosed with heart conditions. This factor has further increased the adoption of monitoring as well as portable cardiac rhythm management. Therefore, the increased adoption of advanced ECG devices, the surging geriatric population, and rising awareness are among the major drivers propelling the market growth in South Korea, and in turn, contributing to the overall growth of the Asia-Pacific ECG equipment market.
Some of the leading companies in the market include: Mindray Medical International Limited, Nihon Kohden Corporation, Siemens Healthineers AG, etc.