| Global Electrocardiogram ECG Data Management | | | | constructions provide growth opportunities for the |
| Systems Market Increasing Demand to Drive Growth | | | | ECG data management companies in the future. An |
| A new report by us, the business intelligence | | | | important trend in the new hospital construction is |
| specialists, finds that the significant operational cost | | | | the increasing number of specialty hospitals |
| reduction that can be achieved through the adoption | | | | (cardiovascular, cancer and orthopedic being major). |
| of ECG data management systems by hospitals, and | | | | |
| technological innovation are expected to drive the | | | | Emerging Markets to Open New Growth Avenues for |
| growth in the ECG data management systems | | | | the ECG Data Management Systems Market |
| market. This report highlights these developments as | | | | Expanding into emerging economies like China, India, |
| the key market drivers for the global ECG data | | | | Russia and Brazil should be a key priority for ECD |
| management systems market. ( ) | | | | data management companies in the future. China and |
| | | | | India are growing economically at a rate of 5-7% in |
| We estimates that the global market for ECG data | | | | spite of the global downturn. These countries are also |
| management systems was valued at $122.2 million in | | | | the most populous countries with high incidence of |
| 2008. The market is expected to reach $157.9 million | | | | cardiac diseases. Emerging economies have |
| in 2015 with an annual growth rate of 3.7%. | | | | established healthcare facilities that can afford ECG |
| Significant operational cost reduction that can be | | | | data management systems. An added advantage in |
| achieved through the adoption of ECG data | | | | emerging economies is that a good percentage of |
| management systems by the hospitals and | | | | the hospitals are run by the government. The |
| technological innovation are expected to drive the | | | | Chinese government recently issued a stimulus |
| market. Hospitals can gain significant operational cost | | | | package of $100 million for improving the healthcare |
| reduction through the adoption of ECG data | | | | system. GE Healthcare and Philips Healthcare have a |
| management systems. Considerable costs are | | | | strong presence in the Chinese market and should be |
| associated with the manual storage of large volumes | | | | able to capitalize on the stimulus package. |
| of patient ECG data, administration and transaction. | | | | |
| Saving of $2 per ECG test can translate into $600 | | | | GE Healthcare Dominates the Global ECG Data |
| million savings for the hospitals considering 300 million | | | | Management Systems Market |
| ECG tests are performed annually in the US. | | | | GE Healthcare with 50% market share is the |
| | | | | dominant player in the global ECG data management |
| New Hospital Constructions to Provide Growth | | | | systems market. Philips Healthcare with 24% and |
| Opportunities for the ECG Data Management System | | | | Cardiac Science with 12% are the other leading |
| Companies In The Future | | | | players in the market. GE Healthcare has lost some |
| Healthcare infrastructure growth is expected to be in | | | | of its market share in the last five years with the |
| low single digits in 2009 in the US despite the | | | | emergence of companies like Mortara Instrument, |
| economic downturn. In the fourth quarter of 2007 | | | | Suzuken Kenz. GE Healthcare, Philips Healthcare and |
| alone, a total of $41 billion was spent on the | | | | Cardiac Science dominate the ECG data management |
| construction of hospitals and clinics. More than 3000 | | | | systems market leaving very little growth prospects |
| projects (including hospitals, outpatient clinics) are | | | | for other players. Hospitals low affordability is also a |
| currently under development in the US alone. | | | | major barrier for new companies trying to enter the |
| Approximately 20% of the existing hospitals are | | | | ECG data management systems market. |
| planning to go for facility modernization. New hospital | | | | |