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(MoneyNewsWire.Net, October 13, 2017 ) Europe Diagnostic Electro Cardiographs Market was worth $984.49 million in 2016 and estimated to be growing at a CAGR of 5.9%, to reach $ 1311.44 million by 2021. Diagnostic Electrocardiograph is a device used to record electrical activity of the heart by placing electrodes on a persons body.
European Market for Diagnostic Electro Cardiographs is driven by major factors such as Technological advancements in communication, low power circuit design for safer ECG devices, portability features, lower power consumption more accuracy and capacity to incorporate latest diagnostic features. Increasing aging population and growing incidence of lifestyle diseases are also supporting the growth of Global Diagnostic Electrocardiographs market. However unclear reimbursement regulations, high cost of devices and economic instability are some of the major factors restraining the growth of Diagnostic Electro Cardiographs Market.
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Global market for Diagnostic Electro Cardiographs is segmented by product, Lead type and End User. On the basis of Product the market is further sub segmented into Resting ECG Systems, Stress ECG Systems and Holter Monitors. By Lead Type market is further sub-segmented into Single-Lead Type ECG Devices, 36 Lead Type ECG Devices, 12-Lead Type ECG Devices and Other Lead Type Devices. By End user the market is segmented into Hospitals, Rehabilitation Centers, and Home/Ambulatory Care research centers, Diagnostic Centers, Clinics, Physician Offices and surgical centers.
The resting ECG devices segment is the largest product segment accounting for a share of approximately XX% attributed to increasing aging population and growing incidence of cardiovascular diseases. Holter diagnostic ECG device segment is estimated to be the fastest growing due to technological advancements, which have brought down the prices of these devices.
On the basis of geography Europe market for diagnostic electrographs is analyzed under various regions namely United Kingdom, Germany, France, Spain and Italy. Europe is the second largest market for diagnostic electrocardiographs devices. Within Europe, United Kingdom is the largest market for diagnostic electrocardiographs due wide spread awareness about the advantages of electrocardiographs.
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Some of the major companies covered in the report are BPL Ltd, Cardiac Science Corp, Fukuda Denshi Co., Ltd, GE Healthcare, Medtronic, Inc, Philips Healthcare, Spacelabs Healthcare, Inc, Mortara Instrument, Inc, Midmark Corp, Mindray Medical International Ltd, Nihon Kohden Corp, Scottcare Corp, Schiller Ag, Welch Allyn Inc and Cardionet
Market Segmentation
1) By Product
Resting ECG Systems
Stress ECG Systems
Holter Monitors
2) By Lead Type
Single-Lead Type ECG Devices
3-6 Lead Type ECG Devices
12-Lead Type ECG Devices
Other Lead Type ECG Devices
3) By End User
Hospitals
Home/Ambulatory Care research centres
Diagnostic Centres
Rehabilitation Centres
Clinics
Physician Offices
Surgical Centres
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Reasons to buy Europe for Diagnostic Electro Cardiographs Market Research Report:
Regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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