Report ID: SQMIG35A2621
Report ID:
SQMIG35A2621 |
Region:
Global |
Published Date: October, 2024
Pages:
270
|
Tables:
93 |
Figures:
76
Global Diagnostic Electrocardiograph Market size was valued at USD 7.60 billion in 2022 and is poised to grow from USD 8.13 billion in 2023 to USD 13.89 billion by 2031, growing at a CAGR of 6.12% during the forecast period (2024-2031).
Change in consumer lifestyle and prevalence of several types of diseases such as ischemic heart disease, hypertensive heart disease, and peripheral heart disease are key factors projected to drive the growth of the global diagnostic electrocardiograph market during the forecast period. Moreover, continuously improving healthcare infrastructure and various support reimbursement policies coupled with the growing geriatric population base around the globe, are also expected to have a positive impact on the global market growth in the coming years.
Furthermore, rising technological advancements for electrocardiograph (ECG) devices along with the introduction to several new remote monitoring devices is fueling the global market growth. In addition, developing nations are anticipated to grow at faster growth rate as compared to developed nations owing to increasing healthcare expenditure and highly untapped potential market. For instance, in June 2022, the United States Food and Drug Administration approved Qpatch, an advanced ECG wearable device developed by Medicalgorithmics experts. It is a wearable device for measuring ECG signals of an individual for getting accurate cardiac arrhythmia diagnosis.
US Diagnostic Electrocardiograph Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35A2621