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ECG Devices Market

Industry Sector

Healthcare and Medical

Published

11 June 2012

Author

Matt Bodimeade

Type of News

Market

The ECG devices market includes a set of monitors which help health professionals to monitor electrical activity of the heart and detect any heart disease at an early stage. It is useful in patients who have an irregular heart beat or abnormal heart rhythm like atrial fibrillation.

By 2015 the ECG devices market is set to reach US $1.25 billion, with this rise being primarily driven by an aging world population and an increasing number of cardiovascular diseases arising within the market.

The ECG devices market is high in demand across Europe as more than 4.3 million people die every year from a cardiovascular disease/disorder such as a stroke or coronary heart disease. For countries that comprise the European Union, cardiovascular conditions are (directly/indirectly) costing the ECG devices market in excess of $192 billion annually.

The ECG devices market across Europe had a combined value of approximately $556.4 million in 2008, for electrocardiography products and cardiovascular disease-related in vitro diagnostic near-patient testing products.

When split into individual European countries, Germany recorded the largest amount of sales within the ECG devices market, with sales of approximately $213.7 million (38.4% of the total ECG devices market value). The German market was followed by France with $191.0 million in sales (34.3%), the UK with $68.7 million (12.4%), Italy with $47.4 million (8.5%), and Spain with $35.6 million (6.4%).

The only main downfall that the ECG devices market experienced was that any person undergoing tests would have to visit a hospital or a healthcare provider to get tested. This has now been rectified by the inclusion of portable devices which make it possible for a patient to perform tests in the comfort of their own home.

The small, portable handheld device allows a patient to perform measurements of their heart activity and then take the results into their healthcare provider for assessment.

The largest global players within the ECG devices market include: GE Healthcare (UK), a company which provides transformational medical technologies and services that are shaping a new age of patient care and Foremost Medical Equipment, inc. a company which has been providing new and expertly refurbished devices to the medical community since 1998. Lesser know companies include: Aerotel Medical Systems Ltd. (Israel), Cardiac Science Corporation (US), CompuMed, Inc. (US), eResearchTechnology, Inc. (US), Fukuda Denshi Co., Ltd. (Japan), Mennen Medical Ltd. (Israel), Mindray Medical International Ltd. (China), Mortara Instrument, Inc. (US), Nasiff Associates, Inc. (US), Nihon Kohden Corporation (Japan), Philips Healthcare (US), ScottCare Corporation (US), Siemens Medical Solutions USA, Inc. (US), Spacelabs Healthcare, Inc. (US), Welch Allyn, Inc. (US).

For more information on the ECG devices market, see the latest report: ECG Devices Market Report

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