Market by System, Product, Lead Type, Industry Verticals, and Country Outlook | Forecast 2021-2028
A study by Triton Market Research has concluded that the ECG equipment market in Latin America is likely to progress with a CAGR of 5.41% over the forecasting years between 2021 and 2028.
The countries studied in this
market include:
• Brazil
• Mexico
• Rest of Latin America countries
Brazil’s healthcare sector is
the largest in Latin America, and is growing rapidly, mainly due to the rising
aging population, increasing disposable incomes, and a rise in the number of
chronic diseases. The role of the national government in improving medical
infrastructure and the growing middle-class population are also majorly
responsible for the strong healthcare scenario in the country.
There has been a rise in the
incidence of cardiovascular diseases in Brazil, which can be attributed to the
high prevalence of hypertension and diabetes mellitus among people. According
to a WHO report published in 2016, 28% of the total deaths in the nation were
caused due to cardiovascular diseases. This has led to an increase in the
demand for ECG equipment. The above-stated factors are fostering the growth of
the Brazilian market.
According to an article,
Columbia reported nearly 432,000 deaths from cardiovascular diseases in women
in 2019. The increase in CVD may be related to other critical risk factors,
such as elevated cholesterol, diabetes, hypertension, obesity, smoking, and lack
of physical activity. In Argentina, CVDs are the main cause of death and are
expected to have the biggest potential impact on the general population.
Therefore, the growing burden of these diseases is contributing to the market
growth in Rest of Latin America.
Zoll Medical Corporation, a
subsidiary of Asahi Kasei Group, is engaged in developing and marketing medical
devices and software solutions. In 2019, the company acquired Cardiac Science,
through which it now offers its ECG portfolio. Zoll Medical offers products for
CPR feedback, defibrillation & monitoring, data management, therapeutic
temperature management, fluid resuscitation, and ventilation for advanced
emergency care. Founded in 1980, the company operates in Latin America, among
other regions.
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VIEW REPORT1. LATIN
AMERICA ECG EQUIPMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ECG EQUIPMENT MARKET
2.2. KEY
INSIGHTS
2.3. PORTER’S
FIVE FORCES MODEL
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE PRODUCTS
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. COMPETITIVE
RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. KEY
MARKET STRATEGIES
2.8.1. CONTRACTS
AND PARTNERSHIPS
2.8.2. BUSINESS
EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES
2.8.3. ACQUISITIONS
& MERGERS
2.8.4. NEW
PRODUCT LAUNCHES & DEVELOPMENTS
2.9. MARKET
DRIVERS
2.9.1. GROWING
DEMAND FOR ECG DATA MANAGEMENT SOLUTIONS
2.9.2. PREVALENCE
OF CARDIOVASCULAR DISEASES IMPACTING THE ECG MARKET
2.10. MARKET
CHALLENGES
2.10.1. INTENSE
COMPETITION AMONG THE VENDORS IN THE ECG DEVICES MARKET
2.10.2. LOW
REIMBURSEMENT RATE FOR CARDIOVASCULAR DISEASES (CVD) ACTING AS A RESTRAINT TO
THE ECG MARKET
2.10.3. PRODUCT
RECALLS
2.11. MARKET
OPPORTUNITIES
2.11.1. USAGE
OF MONITORING DEVICES DUE TO INCREASED GERIATRIC POPULATION
2.11.2. ADVANCEMENTS
IN IMAGING MODALITIES
3. LATIN
AMERICA ECG EQUIPMENT MARKET – BY SYSTEM
3.1. PORTABLE
ECG SYSTEM
3.2. STATIONARY
ECG SYSTEM
4. LATIN
AMERICA ECG EQUIPMENT MARKET – BY PRODUCT
4.1. DIAGNOSTIC
ECG SYSTEM
4.1.1. REST
ECG SYSTEM
4.1.2. STRESS
ECG SYSTEM
4.1.3. HOLTER
ECG SYSTEM
4.2. MONITORING
ECG SYSTEM
4.2.1. EVENT
MONITORING
4.2.2. CONTINUOUS
MONITORING
4.2.3. REMOTE
MONITORING
5. LATIN
AMERICA ECG EQUIPMENT MARKET – BY LEAD TYPE
5.1. SINGLE
LEAD
5.2. 3-6
LEAD
5.3. 12-LEAD
6. LATIN
AMERICA ECG EQUIPMENT MARKET – BY INDUSTRY VERTICALS
6.1. HOSPITAL
6.2. HOME/AMBULATORY
CARE
6.3. OTHER
INDUSTRY VERTICALS
7. LATIN
AMERICA ECG EQUIPMENT MARKET – LATIN AMERICA
7.1. COUNTRY
ANALYSIS
7.1.1. BRAZIL
7.1.2. MEXICO
7.1.3. REST
OF LATIN AMERICA
8. COMPANY
PROFILES
8.1. BIONET
CO LTD
8.2. BIOTELEMETRY
INC
8.3. COMPUMED
INC
8.4. FUKUDA
DENSHI CO LTD
8.5. GE
HEALTHCARE
8.6. HILL
ROM HOLDINGS INC
8.7. MCKESSON
CORPORATION
8.8. MEDIBIOSENSE
LTD
8.9. MINDRAY
MEDICAL INTERNATIONAL LIMITED
8.10. NIHON
KOHDEN CORPORATION
8.11. PHILIPS
HEALTHCARE
8.12. SCHILLER
AG
8.13. SIEMENS
HEALTHINEERS AG
8.14. SPACELABS
HEALTHCARE (SUBSIDIARY OF OSI SYSTEMS INC)
8.15. ZOLL
MEDICAL CORPORATION (ACQUIRED BY ASAHI KASEI)
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.1.1. OBJECTIVES
OF STUDY
9.1.2. SCOPE
OF STUDY
9.2. SOURCES
OF DATA
9.2.1. PRIMARY
DATA SOURCES
9.2.2. SECONDARY
DATA SOURCES
9.3. RESEARCH
METHODOLOGY
9.3.1. EVALUATION
OF PROPOSED MARKET
9.3.2. IDENTIFICATION
OF DATA SOURCES
9.3.3. ASSESSMENT
OF MARKET DETERMINANTS
9.3.4. DATA
COLLECTION
9.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: LATIN AMERICA
ECG EQUIPMENT MARKET, REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: CONTRACTS AND
PARTNERSHIPS
TABLE 4: BUSINESS
EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES
TABLE 5: ACQUISITIONS
& MERGERS
TABLE 6: NEW PRODUCT
LAUNCHES & DEVELOPMENTS
TABLE 7: TYPES OF
CARDIOVASCULAR DISEASES
TABLE 8: LATIN AMERICA
ECG EQUIPMENT MARKET, BY SYSTEM, 2021-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA
ECG EQUIPMENT MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
DIAGNOSTIC ECG SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA
MONITORING ECG SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 12: LATIN AMERICA
ECG EQUIPMENT MARKET, BY LEAD TYPE, 2021-2028 (IN $ MILLION)
TABLE 13: DESCRIPTION
OF VARIOUS SINGLE LEAD PRODUCTS
TABLE 14: DESCRIPTION
OF VARIOUS 3-6 LEAD PRODUCTS
TABLE 15: DESCRIPTION
OF VARIOUS 12 LEAD PRODUCTS
TABLE 16: LATIN AMERICA
ECG EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 17: LATIN AMERICA
ECG EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
FIGURE 1: LATIN AMERICA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 2: KEY FACTS OF CARDIOVASCULAR DISEASES
FIGURE 3: LATIN AMERICA ECG EQUIPMENT MARKET, BY SYSTEM, 2020 & 2028
(IN %)
FIGURE 4: LATIN AMERICA ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA ECG EQUIPMENT MARKET, BY STATIONARY ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA ECG EQUIPMENT MARKET, BY PRODUCT, 2020 & 2028
(IN %)
FIGURE 7: LATIN AMERICA ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA DIAGNOSTIC ECG SYSTEM MARKET, BY REST ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA DIAGNOSTIC ECG SYSTEM MARKET, BY STRESS ECG
SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA DIAGNOSTIC ECG SYSTEM MARKET, BY HOLTER ECG
SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA MONITORING ECG SYSTEM MARKET, BY EVENT MONITORING,
2021-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA MONITORING ECG SYSTEM MARKET, BY CONTINUOUS
MONITORING, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA MONITORING ECG SYSTEM MARKET, BY REMOTE
MONITORING, 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA ECG EQUIPMENT MARKET, BY LEAD TYPE, 2020 & 2028
(IN %)
FIGURE 16: LATIN AMERICA ECG EQUIPMENT MARKET, BY SINGLE LEAD, 2021-2028
(IN $ MILLION)
FIGURE 17: LATIN AMERICA ECG EQUIPMENT MARKET, BY 3-6 LEAD, 2021-2028 (IN
$ MILLION)
FIGURE 18: LATIN AMERICA ECG EQUIPMENT MARKET, BY 12-LEAD, 2021-2028 (IN
$ MILLION)
FIGURE 19: LATIN AMERICA ECG EQUIPMENT MARKET, BY INDUSTRY VERTICALS,
2020 & 2028 (IN %)
FIGURE 20: LATIN AMERICA ECG EQUIPMENT MARKET, BY HOSPITAL, 2021-2028 (IN
$ MILLION)
FIGURE 21: LATIN AMERICA ECG EQUIPMENT MARKET, BY HOME/AMBULATORY CARE,
2021-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA ECG EQUIPMENT MARKET, BY OTHER INDUSTRY
VERTICALS, 2021-2028 (IN $ MILLION)
FIGURE 23: BRAZIL ECG EQUIPMENT MARKET 2021-2028 ($ MILLION)
FIGURE 24: MEXICO ECG EQUIPMENT MARKET 2021-2028 ($ MILLION)
FIGURE 25: REST OF LATIN AMERICA ECG EQUIPMENT MARKET 2021-2028 ($
MILLION)