Global ECG Telemetry Devices Market to Reach US$1.1 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on ECG Telemetry Devices markets. The global market for ECG Telemetry Devices is forecast to reach US$1.1 billion by the year 2015. Factors driving market growth include increasing cases of cardiovascular diseases and aging population. In addition, growing number of modern chest-pain clinics, and technology innovations are expected to encourage increased adoption of telemetry ECG systems.
San Jose, CA (Vocus/PRWEB) January 05, 2011
ECG telemetry devices are highly useful in addressing the needs of patients who are most prone to cardiac problems during ambulation. ECG telemetry devices offer excellent utility by monitoring the patients for cardio-respiratory dysfunction, and at the same time, allowing the patients to be ambulatory in the hospital before they are discharged. The technology is used to obtain clear, uninterrupted transmission from the patient to the monitoring station. ECG telemetry is frequently utilized in hospital units such as post-coronary care units, and for uninterrupted monitoring of cardiac arrhythmias patients. In addition to the transmission of ECG data, telemetric monitoring devices also relay data associated with blood pressure, and hemoglobin oxygen saturation. Such comprehensive data facilitates physicians to determine vital physiological changes in the patient, and take appropriate treatment measures.
As with other industries, the economic turmoil impacted medical equipment industry during 2008 and 2009. However, the impact was more or less moderate on the ECG telemetry devices market. Aging population and growing cases of cardiovascular diseases are expected to play a major role in the growth of the market. With growing opportunities, telemetry device manufacturers are adopting several techniques to develop the next-generation devices.
The United States represents the largest regional market for ECG telemetry devices worldwide, as stated by the new market research report on ECG Telemetry Devices. With growing number of US citizens receiving home care, the market for ECG telemetry devices holds high potential for growth in the home care monitoring devices and telemetry devices segments. Rising expenditure and scarcity of alternative home care resources and services are further expected to add to the growing demand for home telemetry monitoring devices in the country. Asia-Pacific represents the fastest growing market for ECG telemetry devices with market projected to grow at a CAGR of more than 5.0% over the analysis period. Central Display/Control/Recording Station segment constitutes the largest product segment of ECG telemetry devices. The stations typically are installed with a computer to display, control and record the patient’s information. Electrical Leads represents the fastest growing product segment of the market. Electrical leads are connected to the digital transmitter and to the patient and aid in collecting information about the patient.
Most of the larger hospitals are moving towards computerization for maintaining Electrocardiogram (ECG) records and investing heavily in data management systems to allow physicians to assess the comparative analysis of patients’ histories. The data management system offers hospitals with increased efficiency, reduces data loss, and provides accurate billing for medical procedures. This method of data assembly offers operational and administrative advantages to healthcare institutions justifying its expense.
Major players profiled in the report include Aerotel Medical Systems Ltd., Cardiac Science Corporation, CompuMed Inc., eResearchTechnology Inc., Fukuda Denshi Co., GE Healthcare Inc., Ltd., Mennen Medical Ltd., Mindray Medical International Ltd., Mortara Instrument Inc., Nasiff Associates, Nihon Kohden Corporation, Philips Healthcare, ScottCare Corporation, Siemens Medical Solutions USA Inc., Spacelabs Healthcare Inc., and Welch Allyn Inc.
The research report titled “ECG Telemetry Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the ECG Telemetry Devices markets, impact of recession on the markets, current market trends, competitive scenario, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for ECG Telemetry Devices market for the years 2007 through 2015 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Patient Digital Transmitters, Electrical Leads, Distributed Receiving Antenna, and Central Display/Control/Recording Station. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit –
Http://www. strategyr. com/ECG_Telemetry_Devices_Market_Report. asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site: http://www. StrategyR. com/
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