Electrocardiograph Market, By Product (Rest ECG Systems, Stress ECG Systems, Holter ECG Systems, Event Recorders, and Other Products), By Technology (Portable ECG Systems and Wireless ECG Systems), By Lead Type (Single Lead ECG, 3-6 Lead ECG, and 12 Lead ECG), By End User (Home-based Users, Hospitals, and Other End Users), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
An electrocardiogram (ECG) is a non-invasive test used to check the heart's rhythm and electrical activity. ECG is often used alongside other tests to diagnose and monitor conditions affecting the heart. It is an integral part of the initial evaluation of a patient suspected of having a cardiac-related problem. Thus, there is an increasing demand for ECG monitors worldwide.
Market Dynamics:
Rise in burden of cardiovascular disease (CVDs), growing geriatric population, increasing demand for ECG for the diagnosis of cardiac diseases, and increasing adoption and demand for portable or technologically advanced ECG monitors are major factors expected to augment the growth of the global electrocardiograph market over the forecast period.
For instance, in April 2023, Icentia, a medical technology company, secured 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its ambulatory, continuous electrocardiogram (ECG) monitoring solution, CardioSTAT. The wire-free and single-use CardioSTAT recorder is a flexible, lightweight, and showerproof device, which can be easily worn on the upper chest for the cardiac monitoring. CardioSTAT has the potential to provide up to 14 days of continuous ECG recording and analysis with a compliance rate of 99.9%.
Key features of the study:
This report provides in-depth analysis of the global electrocardiograph market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global electrocardiograph market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Medtronic PLC, AliveCor, Schiller AG, GE Healthcare, Nihon Kohden Corporation, Koninklinje Philips NV, Hill-Rom Holdings Inc. (Welch Allyn), OSI Systems Inc. (Spacelabs Healthcare), and Mindray Medical International Limited, among others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global electrocardiograph market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electrocardiograph market.
Detailed Segmentation:
Global Electrocardiograph Market, By Product:
Rest ECG Systems
Stress ECG Systems
Holter ECG Systems
Event Recorders
Other Products
Global Electrocardiograph Market, By Technology:
Portable ECG Systems
Wireless ECG Systems
Global Electrocardiograph Market, By Lead Type:
Single Lead ECG
3-6 Lead ECG
12 Lead ECG
Global Electrocardiograph Market, By End User:
Home-based Users
Hospitals
Other End Users
Global Electrocardiograph Market, By Geography:
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profiles:
Medtronic PLC
AliveCor
Schiller AG
GE Healthcare
Nihon Kohden Corporation
Koninklinje Philips NV
Hill-Rom Holdings Inc. (Welch Allyn)
OSI Systems Inc. (Spacelabs Healthcare)
Mindray Medical International Limited