Allied Market Research recently published a report, titled, "South Korea ECG Market by Product (Resting ECG, Stress ECG, and Holter Monitors), Lead (Single Lead ECG, 3-6 Lead ECG, and 12 Lead ECG) and End User (Hospitals & Clinics, Home Settings & Ambulatory Surgical Centers, and Others): Opportunity Analysis and Industry Forecast, 2017–2025". The report provides detailed analysis of the top winning strategies, market share & estimations, driving factors & opportunities, key market segments, and competitive landscape. According to the report, the South Korea ECG market was pegged at $3.0 million in 2017 and is projected to garner $7.7 million by 2025, registering a CAGR of 12.3% from 2018 to 2025.
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An electrocardiograph (ECG) is used to record the heart's activity through electrical signals. These devices are used in ECG analysis. These are accepted in different medical settings to diagnose different types of heart disease and arrhythmias in people; thus facilitating appropriate treatment for patients with cardiovascular disease (CVD).
Major Key Players -
BIONET CO., LTD.,
GE HEALTHCARE (GENERAL ELECTRIC),
HILL ROM HOLDINGS, INC.,
KONINKLIJKE PHILIPS N.V.,
MEDIANA CO., LTD,
MEDTRONIC PLC.,
MINDRAY MEDICAL INTERNATIONAL LIMITED,
NIHON KOHDEN CORPORATION,
OSI SYSTEMS, INC.,
SCHILLER AG,
ALIVCOR, INC.,
BEIJING CHOICE ELECTRONIC TECHNOLOGY CO., LTD (CHOICEMMED),
CARDIOCOMM SOLUTIONS, INC.,
OMRON HEALTHCARE EUROPE B.V.,
QARDIO, INC.
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3-6 lead segment to create lucrative opportunities
Segment 3-6 is estimated to have the fastest CAGR of 12.9% during the study period. Moreover, this segment had the largest share in 2017, providing more than two-fifths of the total market and is expected to dominate the market by 2025. This is a very lucrative field, because of its potential for monitoring and increasing awareness of heart disease. This report also discusses aspects such as one way and twelve ways.
The hospital sector controls the market with more than two-thirds of the market in 2017. Electrocardiographs are finding applications in many hospitals as they are a useful system. Sophisticated monitoring systems with advanced display systems have revolutionized the medical industry, especially small ECG systems, by improving monitoring performance and portability.
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