The broad ‘health care’ division has been witnessing a rapid growth and technological improvements varying from sector to sector since the past 3-5 years. The evolution of cardiac devices has opened new vistas in the health care industry. Growth rate exhibited by the cardiac devices industry, even during the recession years, confirms the positive growth prospects going ahead.
Global ECG devices market forecasts to reach at US$4.1 billion by 2015 at a CAGR of 9.7% during the analysis period 2009-2015. The North American segment accounts for nearly 40% of the global value while Europe claims more than 25% of the market. Asia-Pacific is the fastest growing region with a CAGR of 10.9% driving a market value of US$1.1 billion by 2015. On a global scale, projections for resting ECG segment indicate a 60% leaving the rest of the market to stress type.