The Diagnostic Electrocardiograph (ECG) Market was worth US$ 7.6 Billion in 2019 and is expected to grow at a CAGR of 6.3% through 2030. Diagnostic electrocardiograph is a is a clinical gadget that analyze the cardiac issues identified with the electrical movement of the heart. Electrocardiograph is performed for various cardiac indications including fainting, myocardial infraction, cardiac stress testing, and cardiac murmur. Rising prevalence of cardiovascular diseases and lifestyle related diseases like peripheral artery diseases, ischemic heart disease (IHD), stroke, and hypertensive heart disease which it will eventually lead to spending towards health or testing resulting into market growth. Moreover, supportive reimbursement policies, enhancing healthcare infrastructure, and increasing aging population are some of the other factors which are likely to poise a positive impact on the market growth. With rising technological advancements, introduction of innovative and advanced products and services such as development of remote monitoring ECG devices are expected to create ample opportunities for the growth of global diagnostic electrocardiograph (ECG) market. The growth of diagnostic electrocardiograph (ECG) market in developed nations such as U.S., Canada is saturated, however emerging economies such as China, India, and Japan are witnessing continuous growth and are expected to grow rapidly during the forecast period. The growth of market in developing nations can be accredited to company’s focus on exploring untapped market, significant healthcare expenditure, and supportive government policies. The global market is highly competitive hence the companies are engaged in product innovations and expanding their customer base across the globe.
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