Recent ECG systems, with advanced features to incorporate ECG records into the patients EMR enable the hospitals workflow to be effectively streamlined.
Remote ECG monitoring systems will soon be commonplace medical devices for remote and long-term physiological monitoring, especially for that of the elderly and frail patients.
With interoperability demands from healthcare reform, all vendors have made greater efforts to integrate with other vendors systems. Industry players are constantly fueling the market with newer technologies or upgrading existing technology.
While the traditional 12-lead ECG system will remain the mainstay, inexpensive wearable, smartphone-based ECG monitors are fast gaining popularity.
Smarter ECG devices are leading to new business models in connected healthcare, thus providing remote specialist access at primary healthcare levels and in smaller towns.
The inadequate access to healthcare facilities and competition from the low-cost domestic market will peg back participants that are looking to establish a toehold in the Indian market.
Reverse innovation, coupled with development of affordable and portable ECG systems, which is rapidly moving away ECG testing from the cardiologist's domain to the general physician's is creating new opportunities for this segment.