Understanding various facets of the global single-lead ECG monitors market, Persistence Market Research has come up with an analytical research publication titled “Single-Lead ECG Monitors Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. The comprehensive single-lead ECG monitors market research report focuses on various trends, developments, opportunities, restraints, drivers and challenges impacting the growth of the global single-lead ECG monitors market. These factors vary in magnitude in different regions for which a detailed analysis is covered in this research report. Along with this, a detailed competition assessment and forecasts for a period of eight years from 2017-2025 are elaborated with respect to each segment and sub-segment of the global single-lead ECG monitors market.
Global Single-Lead ECG Monitors Market: Market Forecast Analysis
The global single-lead ECG monitors market is expected to witness stellar growth in the coming years. The global market for single-lead ECG monitors was valued at around US$ 344 Mn in 2017 and is estimated to reach a valuation of more than US$ 730 Mn by the end of 2025. The global market for single-lead ECG monitors is projected to grow at a value CAGR of 9.9% throughout the period of forecast (2017-2025).
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Global Single-Lead ECG Monitors Market: Insights on Market Segments
The global market for single-lead ECG monitors is segmented on the basis of product type, application, end user and region.
- By product type, recording based single-lead ECG monitor segment is estimated to largely contribute to the valuation of the global market. The real-time single-lead ECG monitor segment is projected to grow at a comparatively high CAGR of 12.9% during the forecast period
- Application wise, there is a higher demand for single-lead ECG monitors in atrial fibrillation indication. The atrial fibrillation application segment is also estimated to be the largest and expected to be the most lucrative in the coming year
- By region, use of single-lead ECG monitors in North America, especially in the U.S, is increasing at a high scale due to increasing prevalence of cardiovascular and other chronic diseases. Moreover, Asia Pacific region is expected to show higher adoption of single-lead ECG monitors, thus making this region as a potential growth propeller portraying huge opportunities for manufacturers of single-lead ECG monitors
- By end user, home care settings segment is expected to show significant market attractiveness with respect to use of single-lead ECGs. However, hospital facilities segment is the largest with a high market valuation of about US$ 186 Mn in 2017
Global Single-Lead ECG Monitors Market: Underlying Aspects
There are several underlying aspects that have an influence on the growth of the global market for single-lead ECG monitors. Factors such as increasing prevalence of chronic diseases, low cost of low end ECG monitors, increasing technological advancements, increasing preference for portable ECG coupled with low cost of portable ECGs, rising number of patients suffering from cardiovascular diseases, growing number of small players in emerging economies and growing distribution network for ECGs is expected to fuel the growth of the global single-lead ECG monitors market. On the other hand, high demand for high end ECG monitors and 12 lead ECG monitors is expected to curb the demand for single-lead ECG monitors. Other aspects such as lack of awareness about latest technology and limited adoption among general population have a negative impact on the market’s growth.
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Global Single-Lead ECG Monitors Market: Competition Landscape
The global single-lead ECG monitors market research report has analyzed various key players involved in the manufacturing of single-lead ECGs. Few of these players include DailyCare BioMedical Inc., Shenzhen Creative Industry Co. Ltd., AliveCor Inc., Medtronic Plc., LifeWatch AG, OMRON Healthcare, Lohman Technologies (Cardiac Advancements LLC), iRhythm Technologies Ltd., Reka Health Pte Ltd., Beijing Choice Electronic Tech Co., Ltd (ChoiceMMed), DIMETEK Digital Medical Technologies, Ltd., Cardiac Design Labs, Thermo Fisher Scientific, Inc., Lyfas, Acculi Labs Pvt. Ltd. India, Vital Connect Inc., Qardio, Inc., ProtoCentral and NUUBO Smart Solutions Technologies, SL.