Product Code: ETC366684 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India medical ECG telemetry equipment market import shipments demonstrated steady growth with a CAGR of 5.0% from 2020 to 2024. Notably, between 2023 and 2024, the growth rate accelerated to 9.2%, indicating a significant uptick in market expansion. The market is clearly on an upward trajectory, showing strong momentum and increasing demand for these products.
India medical ECG telemetry equipment market is expected to reach USD 832.5 million by 2022, at a CAGR of 7.9%. The major drivers for this growth are the rising geriatric population, increasing prevalence of cardiovascular diseases (CVDs), rising adoption rate of technologically advanced medical devices such as wireless telemetry systems, and growing government initiatives in healthcare infrastructure development across India.
The medical ECG telemetry equipment market in India has been growing due to an increase in cardiovascular diseases and the need for continuous monitoring of patients. Technological advancements, such as wireless telemetry solutions, have further fueled market growth.
One of the primary concerns is the cost of acquiring and implementing ECG telemetry systems in healthcare facilities, especially in public and rural healthcare settings with limited budgets. The lack of standardized protocols for ECG telemetry data transmission and integration with electronic health records can also hinder seamless interoperability between different telemetry devices and healthcare systems. Additionally, data security and privacy concerns related to the transmission and storage of sensitive patient information pose significant challenges, requiring robust measures to safeguard patient data.
The India medical ECG telemetry equipment market experienced a surge in demand during the pandemic, driven by the need for remote patient monitoring and telemedicine services. As healthcare providers adopted advanced technologies to manage COVID-19 patients and maintain continuity of care, the market expanded significantly.
The India medical ECG telemetry equipment market is led by several major players that provide advanced monitoring solutions. Companies such as GE Healthcare (a subsidiary of General Electric), Philips Healthcare (a division of Royal Philips), Nihon Kohden Corporation, Schiller India, and Mindray Medical India Pvt. Ltd. are among the key players in this market. They offer a wide range of ECG telemetry equipment, including wireless telemetry systems, Holter monitors, and portable ECG devices. These companies have been actively involved in research and development to introduce innovative telemetry technologies and enhance patient monitoring capabilities in healthcare settings.