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Rising Integrated Developments in ECG Equipment Market

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The global ECG equipment market is growing at a CAGR of 5.52% and is expected to reach $10982.63 million, during the forecast period 2023 to 2032. Read More – PowerPoint PPT presentation

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Date added: 28 May 2024
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Title: Rising Integrated Developments in ECG Equipment Market


1
Rising Integrated Developments in ECG Equipment
Market Data has an indispensable role in
healthcare. Accordingly, healthcare providers are
increasingly focusing on solutions that help
enhance data sharing and care provision. In the
case of electrocardiogram (ECG), integrations
with wearable devices like fitness trackers and
smartwatches are being explored to offer a
comprehensive view of overall health wellness.
As per Inkwood Research, the global ECG equipment
market is projected to reach 10982.63 million by
2032 and record a CAGR of 5.52 during 2023- 2032.
Combining data from electrocardiogram (ECG)
technology with data from wearable devices,
healthcare providers can get a holistic view of a
persons health, including sleep patterns, heart
activity, physical activity, and other
biometrics. This can improve the efficiency
precision of ECG data analysis and offer a more
comprehensive view of a persons health
status. A GE Healthcare article pertinent to
electrocardiogram (ECG) integration offers an
insightful description wherein the author cites a
personal experience. The author explains how she
could not complete a patients cardiology
consultation because she could not access the ECG
with the referral from the electronic medical
record (EMR) for review. Even though I was on
the same EMR as his PCP, the lack of integrated
ECGs and EMRs had left me unable to complete my
clinical workflow, provide an
2
  • accurate diagnosis, offer a management plan, and
    complete the visit in a timely manner. The need
    for integrated ECGs and EMRs is greater than ever
    in situations like this. (Source)
  • Request a FREE sample of the ECG Equipment Market
  • This blog showcases a few of the ongoing
    integrations in the ECG equipment market.
  • Artificial Intelligence (AI) in ECG analysis
  • Artificial Intelligence (AI) algorithms are being
    developed to analyze ECG signals and detect
    conditions like cardiac anomalies and arrhythmias
    alongside the risk of heart attacks. These
    algorithms use advanced machine-learning
    techniques to identify anomalies and patterns in
    the data. Also, they can improve over time
    through continuous learning, becoming
    increasingly precise with the analysis of more
    ECG data.
  • For instance, a research team from the University
    of Alberta research team built and trained
    machine learning programs based on 1.6 million
    ECGs
  • of 244,077 patients in northern Alberta between
    2007 and 2020.
  • The study demonstrated that ECG-based DL modes
    can be used to identify high-risk patients for
    short- or long-term mortality.
  • Says Padma Kaul, professor of medicine and
    co-director of the Canadian VIGOUR Centre, These
    findings illustrate how machine learning models
    can be employed to convert data collected
    routinely in clinical practice to knowledge that
    can be used to augment decision-making at the
    point of care as part of a learning health-care
    system. (Source)
  • Further, AI in ECG analysis can minimize the
    workload of healthcare providers, allotting time
    for more complex tasks and enhancing the overall
    efficiency of ECG data analysis. Additionally,
    they can reduce healthcare costs and improve
    patient outcomes.

3
  • Modern wireless wearable ECG solutions depend on
    the computational complexity involved. They are
    typically used in a one-dimensional, offline
    setting. For instance, chest straps and smart
    vests are among the IoT gadgets used to read ECG
    readings in the home environment.
  • Moreover, ECG readings from IoT-based systems
    need precise analysis to diagnose cardiovascular
    disorders. Similarly, recent advancements in ECG
    signal processing revolve around sensor devices
    or edge devices. For instance, wearable devices
    assess ECG signals to identify irregularities
    like arrhythmia. Such methods facilitate precise
    ECG analysis results in seconds with a high
    degree of efficiency.
  • Recent Developments in Wearable ECG Devices
  • On 31st May 2023, Vivalink announced the latest
    version of its multi- parameter wearable
    electrocardiogram (ECG) patch. With continuous
    14- day live stream capabilities, the new patch
    will enable prolonged duration remote ECG
    monitoring with a single application, thereby
    minimizing the patient and clinician burden.
    Whereas the real time streaming capabilities will
    allow remote viewing of the patients live ECG.
  • The other features of the 14-day ECG patch
    include
  • 14-Day Continuous Wear, Water-Resistant Adhesive
  • Posture Detection
  • Ability to measure Movement Intensity
  • Step Count
  • Says Jiang Li, CEO of Vivalink, Advancements in
    digital healthcare technologies are enabling a
    new class of applications such as acute patient
    monitoring and virtual hospitals. (Source)
  • Future ECG Equipment Market Trends Developing
    Compact ECG Devices

4
  • real-time ECG analysis directly in patients
    wallets and furthering our vision of becoming the
    24/7 virtual cardiologist for patients when
    theyre not in front of their physician.
    (Source)
  • Such integrated developments are estimated to
    define the global ECG equipment market trends in
    the future.
  • FAQs
  • Which is the fastest-growing product in the
    global ECG equipment market?
  • A Monitoring ECG System is the fastest-growing
    product in the global
  • ECG equipment market.
  • Which trends are lucrative to the global ECG
    equipment market growth?
  • A The increasing demand for ECG data management
    solutions and the rising push for compact ECG
    devices are lucrative to the global ECG equipment
    market growth.
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