Latin America Ecg Equipment And Management Systems Market Size & Outlook
Latin America ecg equipment and management systems market, 2016-2028 (US$M)
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Latin America ecg equipment and management systems market highlights
- The Latin America ecg equipment and management systems market generated a revenue of USD 388.7 million in 2021.
- The market is expected to grow at a CAGR of 5.2% from 2022 to 2028.
- In terms of segment, resting ecg systems was the largest revenue generating type in 2021.
- ECG Management System is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 388.7 million |
| Market revenue in 2028 | USD 553.2 million |
| Growth rate | 5.2% (CAGR from 2021 to 2028) |
| Largest segment | Resting ecg systems |
| Fastest growing segment | ECG Management System |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Resting ECG Systems, Holter Monitoring Systems, Stress ECG Monitors, Event Monitoring Systems, ECG Management System |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Nihon Kohden Corp, CompuMed Inc, Koninklijke Philips NV, McKesson Corp, Draegerwerk AG & Co KGaA, CardioComm Solutions Inc, Hill-Rom, Mindray Medical International, BioTelemetry, SCHILLER, Spacelabs Healthcare, Device Technologies Australia, ZOLL Medical Corporation, Medical Econet, Meditech |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global ecg equipment and management systems market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,143.9 million by 2028.
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ECG Equipment And Management Systems Market Scope
ECG Equipment And Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America ecg equipment and management systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ecg equipment and management systems market will help companies and investors design strategic landscapes.
Resting ecg systems was the largest segment with a revenue share of 57.16% in 2021. Horizon Databook has segmented the Latin America ecg equipment and management systems market based on resting ecg systems, holter monitoring systems, stress ecg monitors, event monitoring systems, ecg management system covering the revenue growth of each sub-segment from 2016 to 2028.
The market in Latin America is majorly driven by Brazil, Mexico, Argentina, and Colombia. Growing investments by market players in the region, proximity to North America, and free-trade agreements with major countries, such as the U.S., Canada, Japan, & European countries, are factors anticipated to boost the market during the forecast period.
AFib-associated stroke is one of the major problems in Latin America and is a significant financial and clinical burden. AFib-associated stroke results in much greater burden on the patient than non-AFib-stroke.
According to StopAFib.org, in Venezuela, around 230,000 people were living with AFib, a figure which is likely to reach 1 million by 2050. This, coupled with improving access to the public healthcare system, is driving the market in the region.
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Our clientele includes a mix of ecg equipment and management systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ecg equipment and management systems market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ecg equipment and management systems market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America ecg equipment and management systems market size, by country, 2016-2028 (US$M)
Latin America ECG Equipment And Management Systems Market Outlook Share, 2021 & 2028 (US$M)
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