2014-04-11 09:11:02 - Global ECG Devices Market 2014-2018 - a new market research report on companiesandmarkets.com
The Global ECG Devices market is forecast to grow at a CAGR of 10.02 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing incidence of cardiovascular diseases. The Global ECG Devices market has also been witnessing the increasing use of combined diagnostic modalities. However, the decline in reimbursement for ECG systems could pose a challenge to the growth of this market.
Key vendors dominating this space are GE Healthcare, Mortara Instruments Inc., Nihon Kohden Corp., Phillips Healthcare, and Schiller AG.
Other vendors mentioned in the report are Spacelabs Healthcare Inc., Suzuken Co. Ltd, and Welch Allyn Inc.
The following companies represent the key players in Global ECG Devices Market: GE Healthcare, Mortara Instruments
Inc., Nihon Kohden Corp., Phillips Healthcare, and Schiller AG.
Rapid advancements in imaging modalities have enabled the development of devices that provide multiple imaging functions. The use of combined diagnostic modalities has increased recently and is widely adopted in healthcare facilities. Leading vendors in the Global ECG Devices market offer unique combinations of imaging functions incorporated in the same ECG system. For instance, Welch Allyn Inc. offers its CP 200 Electrocardiograph with optional spirometry. The device provides a 12-lead multichannel ECG reading with an option to perform a spirometry test. It can store upto 50 ECGs and 50 spirometry tests for later review and can be connected directly to Welch Allyn´s CardioPerfect workstation software through a cable interface.
One of the main drivers in this market is the increasing incidence of cardiovascular diseases among the adult population leading to increases in demand for diagnostic cardiovascular devices such as ECG devices.
Further, one of the major challenges in the market is the decline in the reimbursement for ECG systems due to healthcare reforms to curb healthcare expenditure.
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