What is Portable Ecg Monitor?
Portable ECG Monitor an electronic cardiograph machine is a common medical device used to record and monitor the electrical activities of the heart. This is accomplished by strategically placing electrodes and clips. Although heavy clinical or hospital-based ECG machines have up to 12 leads/channels with three pairs of limb and precordial leads, portable home-based ECG machines have only two main leads. Using our expertise and knowledge to select the best option from the numerous options available, we discovered that there were some very good machines available at reasonable prices. To make the best purchase decision, a consumer must consider essential components, useful features, and expenditure, among other things. The Portable ECG Machine's main goal is to indicate the condition of the heart based on its electrical activities. As a result, the most important selection criterion is to find one that produces accurate results within its operating range reliably and consistently. This ensures that the course of action taken following the measurement of the heart's functioning will be the correct one to counteract any abnormalities/fluctuations detected. Most machines use the same mechanisms for recording data, but they differ in the materials used and the manufacturing quality.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Schiller AG (Switzerland), Opto Circuits (India), Philips Healthcare (Netherlands), Nihon Kohden (Japan), FUKUDA DENSHI CO., LTD. (Japan), OSI Systems (United States), Lidco Group (United Kingdom), Welch Allyn (United States), GE Healthcare (United States) and Biotricity Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (NIBP Monitors, IBP Monitors and EKG Monitors) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Portable Ecg Monitor market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Portable Ecg Monitor market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Schiller AG (Switzerland), Opto Circuits (India), Philips Healthcare (Netherlands), Nihon Kohden (Japan), FUKUDA DENSHI CO., LTD. (Japan), OSI Systems (United States), Lidco Group (United Kingdom), Welch Allyn (United States), GE Healthcare (United States) and Biotricity Inc. (United States).
Market Overview:
On 19th January 2021, MyHealthcare and AliveCor have collaborated to allow patients to read their ECG data from their KardiaMobile 6L device directly onto the MyHealthcare platform. The FDA-cleared KardiaMobile device is the most clinically validated personal ECG solution in the world, and the collaboration will aim to help service users monitor their cardiovascular health at home. The association is an important step toward bringing an integrated cardiac care program to market.
The Competitive Landscape for Portable ECG Monitors provides information by a competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, industrial plants and facilities, production schedules, company assets and weaknesses, product launch, device width and breadth, and application hegemony are all included. The data points presented above are solely related to the company’s focus on the portable ECG monitor market.
Influencing Trend:
Massive Investments in Technological Intervention and Increase in Production and Demand for Oxygen Meter
Market Growth Drivers:
Increasing Demand For Early Detection And Prevention Tools Will Contribute To The Increasing Adoption Of Portable ECG Monitor Across The Globe. and Rising Geriatric Population will Aid Portable ECG Monitor Growth in the market
Challenges:
Threat of New Entrants and High Cost Associated with Portable ECG Monitor Devices and Solving Inconsistency Issues of Sensors has Been Challenging for Market Growth
Restraints:
Availability of substitutes Portable ECG Monitor and Counterfeit and Local Players Have Been Restraining the Market Growth
Opportunities:
Upsurge in the Aging Population across the Globe Has High Susceptibility toward Cardiovascular Diseases and Rising Trend of Smart Watches and Sportswear
Key highlights of the Global Portable Ecg Monitor market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Portable Ecg Monitor market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Portable Ecg Monitor market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Portable Ecg Monitor Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Portable Ecg Monitor market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Portable Ecg Monitor market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Portable ECG Monitor Manufacturer, Portable ECG Monitor Distributors and Suppliers, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.