Increasing prevalence of cardiovascular disease around the world is driving the global ECG devices market, says Fortune Business Insights in a report, titled “ECG Devices Market” ,Size, Share and Global Trend by Product (Wearable Holter Monitor, Portable Handheld ECG, Lead), By End User (Hospitals, Ambulatory surgical centers, Diagnostic centers, Specialty Clinics, Others), and Geography Forecast till 2026.”Rising demand for cost-effective ECG devices for diagnosis is a factor predicted to support the growth of the global ECG devices market.
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Launch of Next-Gen ICM by Abbott Will Stimulate Growth
Abbott, an American healthcare company launched a new, smarter heart monitor for better arrhythmia detection after receiving approval from the Food and Drug Administration. The next-generation Confirm Rx insertable cardiac monitor (ICM), combines smartphone connectivity and constant remote monitoring to track unpredictable heart rhythm problems for a fast and accurate diagnosis.
The launch of the paperclip-sized implantable device, Confirm Rx ICM is predicted to aid ECG devices growth owing to the first-ever technology in the new device that allows syncing with the smartphone via Bluetooth therefore, transmitting information to the physician to help identify irregular heartbeats instantaneously.Furthermore, approval from the FDA for innovative ECG devices by key players is also expected to promote growth of the global ECG devices market. For instance, CardioComm Solutions, Inc., received clearance from FDA to use HeartCheck CardiBeat handle head ECG device which is used to heartbeat monitoring and also received approval to use GEM mobile ECG app.
An Overview of the Impact of COVID-19 on this Market:
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