Global ECG Monitoring Systems Market is Expected to Reach USD 822.1 Million in 2016: Transparency Market Research
According to a new market report published by Transparency Market Research "ECG Monitoring Systems Market - Global Industry Analysis by Type, Size, Share and Forecast, 2011 - 2016," the global ECG monitoring systems market is estimated to reach a market size worth USD 822.1 million in 2016, growing at a CAGR of 7.6% from 2011 to 2016. The total shipment of overall ECG monitoring systems is expected to grow from 262.1 thousand units in 2011 to 374.8 thousand units in 2016 with a CAGR of 7.4% during the same period. Rest ECG monitoring systems dominated the overall market both in terms of shipment and revenue in 2011, while stress ECG monitoring systems had highest selling price.
It is estimated that cardiovascular diseases are the largest cause of deaths globally - around 17.3 million people died from cardiovascular diseases (CVD) in 2008. This amounts to about 32.8% of all deaths. Of these deaths, an estimated 7.3 million were due to coronary heart disease and 6.2 million were due to stroke.
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The number of total deaths due to cardiovascular diseases is expected to rise to 18.3 million in 2012 and 20.5 million by 2020. Low - and middle-income countries are the largest affected with CVDs. An estimated 80% of CVD deaths take place in these low- and middle-income countries. By 2030, almost 23.6 million people will die from CVDs, mainly from heart disease and stroke, projected to be the single leading causes of death.
The growth in cardiovascular fatalities, increasing number of cardiovascular cases, growing health consciousness, and increasing per capita healthcare expenditure are some of the major drivers for the growth of the ECG monitoring systems market. In addition, growing prescription to test ratio is also boosting the market growth. In the U.S., the total number of holter monitor tests is expected to grow at a CAGR of 8.9% from 2011 to 2016. On the other hand, event monitor tests in the U.S. are expected to grow at CAGR of 3.1% during the same period.
The U.S. ECG monitoring systems market is the largest in the world with revenue of USD 197.8 million in 2011. The total shipment of ECG monitoring systems in the U.S. is expected to rise to 94.6 thousand units in 2016. Germany is the second largest market for ECG monitoring systems with revenue of USD 54.9 million in 2011.
Rest ECG Monitoring Systems
- Stress ECG Monitoring Systems
- Holter Monitoring Systems
- Event Monitoring Systems
- Average Number of Tests Performed per Year
- Market Share of Major Players by Segment
- Channel Analysis and ROI Consideration
- Distribution Channels
- Break-even Analysis
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