LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global echocardiography (ECG) devices market report until 2021. This research report also lists 32 other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global echocardiography (ECG) devices market for 2017-2021 provides a detailed industry analysis based on the product (resting ECG devices, stress ECG devices, health monitoring devices, and cardiopulmonary stress testing devices), end-user (hospitals, ambulatory surgical centers (ASCs), and diagnostic centers), and geography (the Americas, EMEA, and APAC).
“The global echocardiography devices market is projected to grow to USD 4,831.5 million by 2021, at a CAGR of nearly 7% over the forecast period. The growing number of insurance providers who cover ECG tests are boosting the growth of the global market,” says Barath Palada, a lead analyst at Technavio for patient monitoring devices research.
Competitive vendor landscape
The global ECG devices market is characterized by many large, medium, and small-sized vendors competing to gain market shares. The advances in technology and product upgrades is expected to increase the competition among vendors. Vendors adopt various strategies and competitive pricing to sustain themselves in the market and increase their shares. The introduction of wireless technologies and user-friendly apps for the collection of cardiac rhythm data from end-users will significantly change the market landscape.
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Top six vendors in the global echocardiography devices market
GE Healthcare manufactures and markets diagnostic imaging systems, cardiac devices, and patient monitoring devices. The company has expertise in cardiovascular diagnosis, software and IT, patient monitoring and diagnostics, biopharmaceutical manufacturing technologies, drug discovery, and performance improvement solutions.
Hill-Rom is a medical technology company that manufactures and provides medical technologies and related services to the healthcare industry. Its products include patient support systems, non-invasive therapeutic products (for acute and chronic medical conditions), safe mobility and handling solutions, medical equipment rentals, surgical products, and IT solutions.
NIHON KOHDEN is a medical device company, which manufactures, distributes, and markets electronic medical equipment globally. Its major products include patient monitors, electrocardiographs, defibrillators, hematology analyzers, electroencephalographs, and electromyograph systems.
Philips Healthcare is a medical device company, which manufactures and markets a broad range of diagnostic imaging systems, healthcare IT solutions, and patient monitoring and cardiac devices. The healthcare business is organized into imaging systems, patient care and monitoring solutions, customer service, and healthcare informatics solutions and services.
Schiller is engaged in the development, production, and distribution of electrocardiographs, blood pressure recorders, long-term ECG devices, spirometers, patient monitors, medical IT solutions, and external defibrillators.
Spacelabs Healthcare is a leading medical devices manufacturer and distributor of medical equipment and services for patient monitoring solutions, anesthesia delivery, sensors, pulse oximeters, and bone densitometers to hospitals, clinics, and physicians' offices.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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