The government initiatives to make most of population aware regarding regular health check-ups and increasing incidences of cardiovascular disorders are expected to boost the global recording chart paper market size through 2026.
In addition, the change in the medical treatment preference from acute treatment to preventive care is anticipated to propel the demand for cost-effective and accurate methods for heart monitoring. The hospitals end user segment is expected to hold the highest market share in global market for recording chart paper during 2016-2026.
Recording Chart Paper Market: Drivers and Restraints
The global market for recording chart paper is expected to be driven by increasing emphasis on reducing infant mortality and prevalence of cardiovascular diseases during the forecast period of 2016-2026. The cardiovascular diseases is the major healthcare burden worldwide.
For instance, the American Heart Association estimated that over 17 Mn deaths were caused by cardiovascular diseases in the U.S. during 2014. However, less accuracy of the recording chart paper over digital instruments could be the restraint for the growth of global recording chart paper market through 2026.
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Recording Chart Paper Market: Segmentation
The global recording chart paper market is classified on the basis of product type, end user and geography.
Based on product type, the global recording chart paper market is segmented into the following:
- Cardiology Monitoring Recording Chart Papers
- Fetal Monitoring Recording Chart Papers
- Ambulatory / EMS Recording Charts for Defibrillators
- Ultrasound / OBGYN Recording Chart Paper
Based on end user, the global recording chart paper market is segmented into the following:
- Hospitals
- Diagnostic Centers
- Clinics
- Ambulatory Surgical Centers
Recording Chart Paper Market: Key Players
Some of the key players in the global recording chart paper market include Covidien Ltd. (Medtronic plc) Tele-Paper Sdn Bhd., Precision Charts Inc., Pirrone srl, Euran Erikoispaperit Oy,Recorders Charts & Pens Inc.,Kokusai Chart Corporation, among others.
The recording chart paper market is fragmented with presence of many local vendors in the market, however, when it comes to global level there are few well recognized brands available in the globalrecording chart paper market. Most of the providers of recording chart paper are adopting the strategy of providing these products through e-commerce, so that buyers can browse the products according to their needs.
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Recording Chart Paper Market: Regional Overview
Region wise, the global recording chart papers market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa. North America dominated the global market for recording chart paper due to good reimbursement policies for diagnostic procedures.
North America will be the market leader for recording chart paper market during the forecast period and will account for major market value share of global recording chart papers market.
The increasing incidence of cardiovascular disease in the U.S. coupled with increase in the aged population prone to cardiac disease diagnosis is expected to boost global recording chart paper market growth during the forecast period. Increasing number of local players providing recording chart papers at low cost in countries such as China is expected to boost the recording chart paper market growth in APEJ region.
Recording Chart Paper Market: Segmentation
The global recording chart paper market is classified on the basis of product type, end user and geography.
Based on product type, the global recording chart paper market is segmented into the following:
- Cardiology Monitoring Recording Chart Papers
- Fetal Monitoring Recording Chart Papers
- Ambulatory / EMS Recording Charts for Defibrillators
- Ultrasound / OBGYN Recording Chart Paper
Based on end user, the global recording chart paper market is segmented into the following:
- Hospitals
- Diagnostic Centers
- Clinics
- Ambulatory Surgical Centers
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