South and Central America ECG Telemetry Device Market
ECG device monitors and record electrical activity of the heart and the device detects and picks up electrical impulses generated by the polarization and depolarization of cardiac tissue and translate them into waveform. This helps physician or cardiologist to diagnose cardiac abnormalities as well as size and position of chambers.
Thus, a surge in geriatric population is expected to create a significant demand for ECG telemetry device in the coming years, which is further anticipated to drive the ECG telemetry device market.
The ECG telemetry devices market in the South and Central America includes the Brazil, Argentina, and other South American countries. Considerable number of countries in South America have very underdeveloped healthcare infrastructure. In addition, the availability of ECG telemetry in the region is also significantly lower. For instance, Peru, has less than 1000 intensive care unit beds for its 32 million inhabitants. Furthermore, supply chain disruption caused due to congestion of ports and disturbances in other transport means had substantial impact on the distribution of ECG telemetry and other associated devices in the region. All these factors considerably deterred the growth of South and Central America ECG telemetry devices market due to the Covid-19 pandemic.
Strategic insights for the South and Central America ECG Telemetry Device provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 95.6 Million |
| Market Size by 2028 | US$ 132.4 Million |
| Global CAGR (2021 - 2028) | 4.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South and Central America ECG Telemetry Device refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The ECG telemetry device market in South and Central America is expected to grow from US$ 95.6 million in 2021 to US$ 132.4 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The incidence of CVDs is increasing dramatically in developed countries due to a transition in people’s lifestyle and rise in other CVD-related health indications due to the introduction of modernized facilities. The advanced and modern infrastructure as well as changing job patterns are leading to sedentary lifestyle in masses, along with propelling stress levels. For instance, according to the World Heart Federation, CVDs account for 30% of all deaths every year, i.e., ~17.3 million mortalities. The increasing prevalence of CVDs due to urbanization—coupled with a greater exposure to pollution and stress, consumption of high-cholesterol and high-calorie foods, reduced extent of physical exercise, and genetic issues such as long QT syndrome and catecholaminergic polymorphic ventricular tachycardia—triggers the demand for cardiac monitoring products for diagnostics. The developing countries are focusing on bringing advancements in their healthcare infrastructure and services. For instance, in March 2020, Biotelemetry, Inc. expanded its mobile cardiac outpatient telemetry monitoring program to COVID-19 patients in various institutions in the US to monitor QT prolongation associated with hydroxychloroquine and azithromycin medication. Thus, the ECG telemetry devices market players are leveraging the opportunities offered by developing countries to enter the market with cost-effective products, which would drive their growth during the forecast period.
In terms of product, the resting ECG devices segment accounted for the largest share of the South and Central America ECG telemetry device market in 2020. In terms of end user, the hospitals segment held a larger market share of the ECG telemetry device market in 2020.
A few major primary and secondary sources referred to for preparing this report on the ECG telemetry device market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cardiac Science Corporation
By Product
By End User
By Country
The South and Central America ECG Telemetry Device Market is valued at US$ 95.6 Million in 2021, it is projected to reach US$ 132.4 Million by 2028.
As per our report South and Central America ECG Telemetry Device Market, the market size is valued at US$ 95.6 Million in 2021, projecting it to reach US$ 132.4 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The South and Central America ECG Telemetry Device Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America ECG Telemetry Device Market report:
The South and Central America ECG Telemetry Device Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America ECG Telemetry Device Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America ECG Telemetry Device Market value chain can benefit from the information contained in a comprehensive market report.
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