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1. Executive Summary
1. Executive Summary
1. Executive Summary
2. Total ECG and Cardiac Monitoring Products Market
1. Market Overview
1. Introduction
2. Methodology
3. Market Drivers
a. Increasing Demand for Interconnectivity Creates Growth Opportunities
b. Prevalence of Cardiovascular Disease Continues to Drive Market Growth
c. Increased Demand for Wireless Systems Bolsters Market
d. Hospitals Look for Faster ECG Solutions, Increasing Demand for Streamlined Systems
4. Market Restraints
a. Continuing Decline in Reimbursement Affects Revenue Potential
b. Market Saturation Dampens Growth
c. Globalization Introduces New Competitors in the Region, Restricting Growth Potential
5. Segmentation
6. Key Market Metrics and Competitive Structure
7. Product Overview
8. Revenue Forecasts
9. Revenue Breakdown by Product Type
10. Unit Shipment Breakdown by Product Type
11. Market Share Analysis
2. Challenges
1. Overview
2. Mature Market Leads to More Focus on Price as a Competitive Factor
3. Lack of Consumer Awareness Hampers Growth Potential
4. Continuing Prevalence of Sudden Cardiac Death Creates Need for More Accurate Identification of Candidates for Devices
3. Strategic Recommendations
1. Overview
2. Instigate Value Enhancement Programs Derived from Customer Needs
3. Further Development of Algorithms for ECG Analysis
4. Create New Products While Focusing on Simplicity and Ease of Use
3. ECG and Cardiac Monitoring Products Market
1. Resting ECG Systems Market
1. Definitions and Key Metrics
2. Revenue Forecasts
3. Unit and Demand Analysis
4. Pricing Analysis
5. Market Share Analysis
2. Stress Testing Systems Market
1. Definitions and Key Metrics
2. Revenue Forecasts
3. Unit and Demand Analysis
4. Pricing Analysis
5. Market Share Analysis
3. ECG Data Management Systems Market
1. Definitions and Key Metrics
2. Revenue Forecasts
3. Unit and Demand Analysis
4. Pricing Analysis
5. Market Share Analysis
4. Holter Monitoring Systems Market
1. Definitions and Key Metrics
2. Revenue Forecasts
3. Unit and Demand Analysis
4. Pricing Analysis
5. Market Share Analysis
5. Cardiac Event Monitoring Systems Market
1. Definitions and Key Metrics
2. Revenue Forecasts
3. Unit and Demand Analysis
4. Pricing Analysis
5. Market Share Analysis
4. Decision Support Database
1. Decision Support Database
1. Female Population 65 and Above
2. Male Population 65 and Above
3. Number of Hospitals
4. Number of Hospital Beds
Cardiac monitoring device manufactures are facing some difficult times with ever declining reimbursement, and the distinct possibility of larger decreases on the horizon. Along with this, continuing focus on price to gain a competitive advantage has depressed the market. These issues are creating turbulence in this mature market that has seen constant growth over the years mostly due to the continuing prevalence of cardiovascular disease and growth in patient populations. While each market segment differs in the effects of these issues, one segment is tipping the scales in favor of positive growth, namely electrocardiogram (ECG) data management systems (DMS).
"Advanced ECG DMS are rapidly becoming a necessity in the healthcare environment," notes the analyst of this research service. "Technological advancements such as wireless technologies and algorithm advancement also provide growth opportunities for those who utilize them." With features enabling the attachment of an ECG record to the patient's electronic medical record (EMR) in the form of a PDF and wirelessly acquiring ECG data for analysis, the hospital’s workflow is effectively streamlined. As more hospitals and clinics install data management systems, the other market segments can witness the benefits since they are integrated into these systems. Hence, these devices can gain more popularity resulting in increased market growth.
