Global Diagnostic Electrocardiograph - ECG
Market Report
2024
The Global Diagnostic Electrocardiograph Market is valued at USD 5.38 Billion in 2022 and is expected to reach USD 8.78 Billion in 2030, registering a CAGR of 5.46% in the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Diagnostic Electrocardiograph Market is valued at USD 5.38 Billion in 2022 and is expected to reach USD 8.78 Billion in 2030, registering a CAGR of 5.46% in the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Diagnostic Electrocardiograph - ECG Market Sales Revenue 2022 | $ 5.38 Billion |
Global Diagnostic Electrocardiograph - ECG Market Sales Revenue 2030 | $ 8.78 Billion |
Global Diagnostic Electrocardiograph - ECG Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.46% |
Market Split by Product |
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Market Split by End User |
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Market Split by Lead Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Diagnostic Electrocardiograph - ECG Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An electrocardiograph is used to measure the electrical activity of the heart. The electrical activity of the heart causes the heart muscles to contract which results in the pumping of the heart. There are 3 types of electrocardiograph monitoring Holter Monitor, Cardiac Event Monitor, and Stress Test. The electrocardiograph is of greatest use in diagnosing cardiac arrhythmias, acute and prior myocardial infarctions, pericardial diseases, and cardiac enlargement. Electrocardiograph helps to diagnose heart conditions, irregular heart problems, and coronary heart disease (Heart attack and angina pectoris). The growing aging population, witnessing the healthcare infrastructure, and helping remuneration policies are attributed to propel the market growth.
The increasing pervasiveness of Cardiac disorders in the West by changes in way of life and habits is driving the diagnostic electrocardiograph market globally. According, to World Health Organization one of the main death causes in the world is cardiovascular disease. The highest rate of cardiovascular diseases is rising the demand for diagnostic electrocardiographs and boosting industry growth. Favorable development of healthcare infrastructure, government policies, and increasing investments in R&D activities are boosting the demand for electrocardiograph market.
Electrocardiographs are more precise than the other forms of cardiac diagnosis, which is rising the demand for diagnostic electrocardiographs and support in the growth of industry.
One more driving factor is the growth in the use of remote monitoring devices and fast technological advancements. For example, in the United States on September 2020, FDA give permission for Samsung’s electrocardiogram monitoring app, when connected to the appropriate Galaxy watch, the ECG monitor in the watch monitors the user’s heart rhythm and scans the irregularities of heart rhythm. In addition, the developed methods in the ECG are predicted to drive the growth of the market over the upcoming period.
The awareness about the usage of electrocardiographs for the diagnosis of cardiovascular diseases is lacking and shortage of professional personnel for the operation of electrograph devices are the leading factors attributed to restrain the diagnostic electrocardiograph market growth in the upcoming period.
The highest price anticipated with the use of developed technologies has been demonstrated to be a decreasing factor for market growth. The demolition income in the hands of common people is lacking as an outcome of the speedily rising inflation has also hampered the growth of the market to a huge extent. Lacking awareness in regard to the advanced healthcare facilities regulated by the healthcare system and the government has also been evidence to be trouble in the market growth in the upcoming period.
On the basis of diagnostic and monitoring, a new era of portable and condensed Holter ECGs is growing its highest market in the home healthcare segment. The Holter ECG system is a portable electrocardiograph type. It notes the electrical activity of the heart regularly over 24 hours or prolonged. Holter ECG dominates the segment due to its advantages and its accessibility. For example, the report published in May 2020, A low-cost Holter monitor design abilities with external memory and Bluetooth connection, stated that the newly developed ECG Holter is mobile in dimension and low cost to be concocted for huge manufacturing to support people with heart disease. The design was also armed with a Bluetooth transmitter to transmit the statistics to the computer. These new developments and easy convenience make the Holter ECG system more controllable in the upcoming period.
In addition, the collaborations of the companies producing Holter ECG devices will boost segment growth. With the rapid growth of technological developments in the Holter ECG and the companies’ merger, the upcoming period of the Holter ECG segments looks auspicious, which basically supports the electrocardiograph market growth in the upcoming period.
COVID-19 has a serious impact on the Diagnostic Electrocardiograph market. The pandemic has increased the concentration of remote healthcare and telemedicine, preeminent to the surge in the endorsement of portable ECG devices for remote monitoring. Due to the guidelines on personal visits and social distancing, ECG allows remote patient monitoring has become vital. The pandemic has emphasized the significance of early identification and monitoring of cardiac conditions, especially for respective with pre-existing cardiovascular disorders. In addition, the assimilation of ECG devices with telemedicine platforms has simplified virtual consultations between patients and healthcare skills. Patients can execute ECG tests at home by using transportable devices and check the outcome with their doctors in time, this is decreasing the need for in-person meetings. The pandemic has reduced the development of invention features in ECG devices. For instance, there has been quick development in the integration of Ai algorithms to identify, ECG statistics and encounter potential cardiac irregularity. This technology has the ability to help healthcare-skilled professionals in diagnosing and advising cardiac situations more effectively, even in remote settings. In addition, COVID-19 has created problems in the Diagnostic Electrocardiograph market. Supply chain interruption, production delays, and reduced healthcare expenses in some regions have affected the market growth at some level.
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Phillips introduced the full-service home, 12-lead electrocardiogram solution for use in decentralized clinical trials. The clinical trial solution is the most developed advanced patient essential ECG offering within the company’s cardiac monitoring portfolio, pairing data readings equal to clinical, site-based ECGs with Philips’s main cloud-based data collection and analysis services. This latest invention of Philips digitally empowers the collection of monitoring solutions supports to increase innovation.
The prominent provider of remote cardiac diagnosis and monitoring systems in the United States has been acquired by Koninklijke Philips, N.V. Philips will able to expand its portfolio of patient management solutions as a result of the acquisition.
Top Companies Market Share in Diagnostic Electrocardiograph - ECG Industry: (In no particular order of Rank)
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North America dominates the ECG market in 2020 and is predicted to control the global ECG market in the upcoming period. Due to the high pervasiveness of cardiovascular disorders, rising healthcare expenses, and the high aging population. In addition, Asia-Pacific is predicted to garner the largest CAGR, due to the growing infiltration of wearable ECG devices in the region. In addition, Asia-Pacific is predicted to increase at a high CAGR in India’s ECG market.
The current report Scope analyzes Diagnostic Electrocardiograph - ECG Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Diagnostic Electrocardiograph - ECG Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Diagnostic Electrocardiograph - ECG Industry growth. Diagnostic Electrocardiograph - ECG market has been segmented with the help of its Product, End User Lead Type, and others. Diagnostic Electrocardiograph - ECG market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Resting Electrocardiographs is currently dominating the market, and is predicted to continue the lead the market in the upcoming period because ECG devices are highly adopted for cardiac monitoring of patients. Numerous market players are concentrating on advanced ECG systems that can be optimal for the diagnosis of cardiovascular diseases. In addition, the Holter Monitor segment is predicted to show significant growth in the upcoming period because of the rising demand for the identification of cardiac arrhythmias with the diagnosis of patients struggling with cardiac arrhythmias. Moreover, the usage of Holter monitors has been to the extent of the analysis of arrhythmias, interpretation of arrhythmic therapy, and evaluation of prognostic factors of arrhythmias.
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Hospitals and Clinics control the market in previous years and are predicted to continue in the upcoming period because hospitals contain a large number of systems including daily usage of ECG tests by physicians. In addition, the home setting and ambulatory surgical centers are predicted to show significant growth in the upcoming period, because of the growing endorsement of ECG tests preceding the post-surgeries in the ambulatory surgical centers.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Diagnostic Electrocardiograph - ECG market report 2024 Edition by contacting our team.
The 6 Lead ECG segment controls the market in 2020, and this is predicted to continue in the upcoming period, due to the rising demand for 6 lead ECG in the diagnosis of cardiac diseases, which empowers the doctor to have a clear perspective of the interior portion of the heart. In addition, the 12 lead ECG segment is predicted to show significant growth in the upcoming period, because of the rising usage of 12 lead ECG systems as a skilled physician can look at the interior of the heart from many various angles.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Diagnostic Electrocardiograph - ECG Market is witnessing significant growth in the near future.
In 2023, the Resting Electrocardiograph segment accounted for noticeable share of global Diagnostic Electrocardiograph - ECG Market and is projected to experience significant growth in the near future.
The Hospitals and Clinics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies General Electric Company , NIHON KOHDEN CORPORATION and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Resting Electrocardiograph, Stress Electrocardiograph, Holter’s Monitors |
End User | Hospitals and Clinics, Home Settings, Ambulatory Surgical Centers |
Lead Type | Single Lead ECG, 2 Lead ECG, 3 Lead ECG, 6 Lead ECG, 12 Lead ECG |
List of Competitors | General Electric Company, Koninklijke Philips N.V., NIHON KOHDEN CORPORATION, Schiller AG, Spacelabs Healthcare, AliveCor Inc., Shenzhen Mindray, Bio-Medical Electronics Co.Ltd., Hill-Rom Services Inc., BPL Medical Technologies, ACS Diagnostics, Allengers, ISpacelabs Healthcare, IMedical Technologies, Fukuda Denshi, Edan Instruments Inc, Cardioline SpA, Norav Medical, Innomed Medical, Fectra Cor Inc. |
This chapter will help you gain GLOBAL Market Analysis of Diagnostic Electrocardiograph - ECG. Further deep in this chapter, you will be able to review Global Diagnostic Electrocardiograph - ECG Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Diagnostic Electrocardiograph - ECG Market Trends North America Diagnostic Electrocardiograph - ECG Technological Road Map North America Diagnostic Electrocardiograph - ECG Market Drivers North America Diagnostic Electrocardiograph - ECG Market Restraints North America Diagnostic Electrocardiograph - ECG Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Lead Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Diagnostic Electrocardiograph - ECG market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Resting Electrocardiograph have a significant impact on Diagnostic Electrocardiograph - ECG market? |
What are the key factors affecting the Resting Electrocardiograph and Stress Electrocardiograph of Diagnostic Electrocardiograph - ECG Market? |
What is the CAGR/Growth Rate of Hospitals and Clinics during the forecast period? |
By type, which segment accounted for largest share of the global Diagnostic Electrocardiograph - ECG Market? |
Which region is expected to dominate the global Diagnostic Electrocardiograph - ECG Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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