Remote Electrocardiogram Monitoring Market

Remote Electrocardiogram Monitoring Market: Global Industry Analysis and Opportunity Assessment 2016-2026

Telemedicine is using Information Technology and telecommunications to provide medical assistance from a distance. It became especially widespread in the 20th century due to advances in both these fields. It helps to eliminate distance barriers and provide medical aid to distant & far-flung rural areas that would be inaccessible otherwise. The stress of a modern-day fast-paced lifestyle has led to many cases of hypertension, diabetes, heart attacks and various other diseases. That is why the remote electrocardiogram monitoring market has become increasingly important. As per data from the American Health Association (AHA), arrhythmia affects more than 4 million people and causes nearly half a million deaths in the U.S. alone. ECG instruments are the best way to detect & measure arrhythmia. Remote electrocardiogram devices are becoming commonplace for monitoring a patient’s heart condition. Recently, they have been applied for various heart diseases since the quality & transmission through telecommunications has improved substantially. There are three main components of a remote electrocardiogram monitoring machine – the patient, the doctor, and the remote server.

Remote Electrocardiogram Monitoring Market Drivers

One of the key drivers of the remote electrocardiogram monitoring market is the ageing population in western countries. People there have a strong sense of individuality & prefer living independently in their own homes. Remote electrocardiogram monitoring devices could help doctors provide them prompt medical attention. It saves the doctor’s time along with the need for patients to take a medical appointment unless their condition is very serious. It is also much more cost-effective than hiring a nurse to visit the individual from time to time. A second factor responsible for growth is improving Internet connectivity in rural areas. Telecommunication technology has progressed by leaps and bounds in the last 30 years and it is now quite easy for a doctor to provide medical aid to patients living in remote villages, which might be both underpenetrated & unserved. A remote electrocardiogram could be used to monitor patients with pacemakers there & the central control unit is able to correctly diagnose an arrhythmia. Electronic stethoscopes can also be used as recording devices, which can be vital in the area of telecardiology. There have been many successful cases of this worldwide already. These are the main drivers of the remote electrocardiogram monitoring market.

Remote Electrocardiogram Monitoring Market Restraints

There are several challenges present in the remote electrocardiogram monitoring market with a major one being unreliable connectivity. We have all faced the problem of a slow Internet connection, no cell phone network, too much line disturbance or rolling blackouts at some point in time. This can pose a serious problem to medical practitioners when they are checking their patients. Losing connectivity midway would cause great inconvenience to both parties. A second issue could be resistance to change. People might either be unaware of such medical aid or be hesitant to go in for it in the first place. There could also be resistance from hospital staff because they may not be trained to use it. The IT department of any organisation is frequently overloaded and even they might stall the adoption of this equipment since it will be added responsibility which they may be unable or unwilling to shoulder. There could also a question of who will provide the funding, especially in developing nations where government reimbursement is hard to come by.

Remote Electrocardiogram Monitoring Market Key Regions

North America is the largest remote electrocardiogram monitoring market & is expected to remain so in the near future. This is due to a high prevalence of arrhythmia, hypertension and diabetes there along with awareness of these ailments & enhanced medical care. The geriatric populations of Europe, China, Japan and Korea will also ensure a steady demand for the remote electrocardiogram monitoring market there.

Remote Electrocardiogram Monitoring Market Key Market Players 

Some companies in the remote electrocardiogram monitoring market are Huntleigh Diagnostics, Intelesens, iRhythm Technologies, GE Healthcare, MD Biomedical, Kalamed, Labtech, and Life Watch & Jiangsu Konsung Medical Equipment.

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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