The latest research of Frost & Sullivan on ECG equipment machines market in India presents an all-encompassing study of various ECG market segments: Single Channel, 3-Channel , 6-Channel and 12-Channel ECG's and Stress ECG/TMT Systems. The research focuses on patient monitoring industry; especially for ECG equipment's in cardiac diagnosis and brings down the unique challenges and trends in the ECG market. Coronary Artery Disease is the leading cause of deaths in India. It causes nearly three million deaths per year, accounting to 25 per cent of all mortality in India. The rise in the incidence of Coronary Artery Disease, improvements in the healthcare infrastructure for enabling better access to healthcare services and increase in technology adaptation has driven the demand for ECG equipment, hence the ECG equipment market is growing at a fast pace. The research study of this market represents the competition and strategic analysis of various segments of ECG market.
With the healthcare moving towards preventive medicine, ECG equipment has become an important part of the diagnosis process. The total market is total Indian ECG equipment market for 2010 was valued at Rs.121.8 crore projected to grow at a rate of over 12 percent over the next seven years. The 3 channel and 6/12 channel EGC equipment are the rapidly growing segments in this market. The improvements in healthcare infrastructure for delivering quality health services and providing timely and early diagnosis, increase in the coverage of health insurance policies leading to better financial access, the rise in incidence of Coronary Heart Diseases (CHD) and increase in public expenditure on healthcare services (especially from middle class), rapid increase in the technology adaptation of ECG equipment and a substantial raise in the spending of healthcare by government have been the major driving factors of the ECG monitoring equipment market in India.
This briefing will benefit ECG equipment manufacturers, distributors, and all patient monitoring equipment manufacturers.