Diagnostic Electrocardiograph Market Analysis, Growth, Share, Industry Trends and Analysis, Forecast

Diagnostic Electrocardiograph (ECG) Market size should witness significant growth due to growing elderly population coupled with amplified prevalence of heart diseases. Rising demand for painless and non-invasive procedure that records the heart’s electrical activity for early diagnosis of heart disorders will drive the global diagnostic electrocardiograph market size.

Electrocardiographs sense the electrical indications related with cardiac actions and yields a graphic record of voltage against time. ECG assists in diagnosis and treating some categories of heart disease and arrhythmias, determines an individual’s response to drug treatment, and reveal changes or trends in heart activities. Multichannel electrocardiographs signals from two or additional leads alongside are often used in place of single-channel. Several electrocardiographs can perform automatic interpretation and measurement of the ECG as an optional or selectable feature.

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Increasing global prevalence of arrhythmias due to changes in heart's structure, such as from cardiomyopathy, coronary artery disease, diabetes, sleep apnea and high blood pressure will fuel the industry growth. Furthermore, growing prevalence of hyperthyroidism and hypothyroidism, increasing smoking, alcohol or caffeine consumption, drug abuse and stress will increase the number of ECG’s performed. As per Circulation journal, in 2013, around 33.5 million people around the world were diagnosed with atrial fibrillation. Few problems are associated with electrocardiographs like electrical safety artifact or noise, improper application, poor skin preparation that can cause an abnormality to be overlooked may hamper the diagnostic electrocardiograph market growth.

12 lead ECG will grow at a substantial due to additional benefits over the other approaches. Various aspects like quick identification of injury or infarction, early diagnosis, low timeframe to reperfusion treatment, and improved index of suspicion should boost the business share. Holter ECG will witness a robust growth over the forecast period pertaining to factors like portability, 24 to 48-hour patient monitoring that offers continuous hearth rhythm monitoring can be missed by clinical ECG.

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U.S. thrombectomy devices market size should witness significant growth over the forecast period. The growth is attributed to increased acceptance of technologically advanced devices, presence of favorable medical reimbursement and rising clinical trials. The American Association of Heart Failure Nurses (AAHFN) is an organization involved in the advancement of clinical practice, research, and nursing education for the recovery of heart failure patient better outcomes. The association unites caregivers, professionals, and patients to support and improve practice of heart failure.

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Germany should experience significant growth over the forecast period. The German Society for Muscular Dystrophy Association (DGM) funds research for the treatment of neuromuscular diseases. It is the largest self-help Muscular Dystrophy organization in the country. India should experience lucrative growth over the forecast period. Increasing R&D and geriatric population base coupled with prevalence of chronic diseases and peripheral arterial diseases (PAD) should drive thrombectomy devices market size over the forecast period.

Companies operating in thrombectomy devices market include Boston Scientific, The Spectranetics, Medtronic, Teleflex, Penumbra, AngioDynamics, Terumo, Johnson and Johnson, Stryker and Vascular Solutions. Companies are focusing on new product launch and mergers & acquisitions as their major strategies to gain revenue share in the coming years. In July 2016, Penumbra launched ACE 68 Reperfusion Catheter thrombectomy device in the U.S. for its commercial use. The catheter uses the current advancements available in the tracking technology and offer maximum aspiration power to extract thrombus in stroke patient. This should strengthen the product portfolio of Penumbra.

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