The ECG devices market is witnessing growth owing to a sharp rise in the incidence of CVDs globally, an increase in the geriatric population, technological advances in these devices, and stringent government regulations on monitoring devices. These devices capture information regarding the functioning of the heart. As per the World Health Organization (WHO), the major cause of death globally is CVDs, which result in approximately 17.9 million deaths per year. This drives the demand for ECG and the number of tests conducted on individuals susceptible to CVDs.

The major driver for the ECG devices market advance is a gradual hike in the investment in R&D activities, to adapt to the existing technologies and come up with better ones. Product evolution, coupled with the innovation in designing electrocardiographs, contributes to the market growth. For instance, doctors can easily monitor patients remotely with the introduction of wireless ECGs. Since the average pricing of wireless ECG devices is high, they have a lower accessibility in rural areas. However, the availability of cheap and effective ones will increasingly boost their adoption in the future.

  • https://www.nigeriaconnect.de/blogs/post/4756
  • The ECG devices market is witnessing growth owing to a sharp rise in the incidence of CVDs globally, an increase in the geriatric population, technological advances in these devices, and stringent government regulations on monitoring devices. These devices capture information regarding the functioning of the heart. As per the World Health Organization (WHO), the major cause of death globally is CVDs, which result in approximately 17.9 million deaths per year. This drives the demand for ECG and the number of tests conducted on individuals susceptible to CVDs.

    The major driver for the ECG devices market advance is a gradual hike in the investment in R&D activities, to adapt to the existing technologies and come up with better ones. Product evolution, coupled with the innovation in designing electrocardiographs, contributes to the market growth. For instance, doctors can easily monitor patients remotely with the introduction of wireless ECGs. Since the average pricing of wireless ECG devices is high, they have a lower accessibility in rural areas. However, the availability of cheap and effective ones will increasingly boost their adoption in the future.

  • India
  • 1

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