NEW YORK, Jan. 7, 2022 /PRNewswire/ -- Echocardiography (ECG) Device Market Facts at a Glance-
NEW YORK, Jan. 7, 2022 /PRNewswire/ -- Echocardiography (ECG) Device Market Facts at a Glance-
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According to the recent market study by Technavio, the Echocardiography (ECG) Device Market Size is expected to increase by USD 2.52 billion from 2020 to 2025. However, the growth momentum is expected to decelerate at a CAGR of 4.05% during the forecast period. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
Asia will register the highest growth rate, occupying 63% of the global market share. China and India are the key markets for echocardiography (ECG) devices in Asia. The market growth in this region will be faster than the growth of the market in other regions.
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Vendor Insights-
The echocardiography (ECG) device market is fragmented due to the presence of many vendors offering a wide range of products.
Cardinal Health Inc.: The company offers premium echocardiography devices such as Cables and Lead Wires, Diagnostic ECG Electrodes, Monitoring ECG Electrodes, Neonatal and Pediatric ECG Electrodes, and more.
CardioComm Solutions Inc.: The company offers echocardiography devices such as The HeartCheck CardiBeat, The HeartCheck PEN handheld ECG, HeartCheck Handheld ECG Monitor, and others.
General Electric Co.: The company offers premium echocardiography devices such as MAC 2000 ECG Machine, MAC 5500 HD, and among others.
HILL ROM HOLDINGS INC.: The company offers premium echocardiography devices such as ELI 380 Resting Electrocardiograph, ELI 280 Resting Electrocardiograph, Diagnostic Cardiology Suite ECG, and more.
Johnson and Johnson Inc.: The company offers a wide range of advanced echocardiography devices through its medical devices segment.
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Regional Market Outlook
The echocardiography (ECG) device market growth in Asia will be significant during the forecast period. Factors such as the presence of untapped market opportunities, improving healthcare infrastructure, economic development, and rising patient awareness are fueling the growth of the echocardiography (ECG) device market in Asia.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends Driving the Market-
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Echocardiography Device Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.05% |
Market growth 2021-2025 |
USD 2.52 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.53 |
Regional analysis |
Asia, North America, Europe, and ROW |
Performing market contribution |
Asia at 63% |
Key consumer countries |
US, China, India, Russian Federation, Mexico, and Brazil |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Cardinal Health Inc., CardioComm Solutions Inc., General Electric Co., HILL ROM HOLDINGS INC., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Nihon Kohden Corp., OSI Systems Inc., and SCHILLER AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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UK: +44 203 893 3200
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Website: www.technavio.com/
SOURCE Technavio
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