Asia-pacific Ecg Equipment Market Forecast 2023-2032

Asia-pacific Ecg Equipment Market Forecast 2023-2032

KEY FINDINGS

The Asia-Pacific ECG equipment market is anticipated to progress with a CAGR of 6.61% over the forecasted years of 2023 to 2032. The market growth of the region is attributable to the presence of an extensive network of electronic as well as semiconductor equipment, the high prevalence of cardiac disorders, and a robust medical device production base.

MARKET INSIGHTS

The Asia-Pacific ECG equipment market growth evaluation comprises the study of China, Indonesia, Vietnam, South Korea, Japan, India, Thailand, Australia & New Zealand, and Rest of Asia-Pacific. In Japan, the prevalence of cardiovascular risk factors like diabetes, high cholesterol, and hypertension is on the rise, as per a Journal of the American College of Cardiology article. This has led to the growing usage of ECG devices in clinics & hospitals. Also, the country is considered a major market for MedTech companies. The health plan in Japan is regulated by the government in order to make the monthly premium affordable. Further, the country has observed an increase in educational programs and campaigns to increase awareness about CVDs. Such factors, along with developed healthcare infrastructure, propel the demand for ECG equipment in Japan.

Conversely, South Korea has a growing prevalence of obesity, which subsequently increases the risk of diabetes and cardiovascular diseases. As a result, there has been a rise in the number of patients diagnosed with heart conditions. This factor has further increased the adoption of monitoring as well as portable cardiac rhythm management. Therefore, the increased adoption of advanced ECG devices, the surging geriatric population, and rising awareness are among the major drivers propelling the market growth in South Korea, and in turn, contributing to the overall growth of the Asia-Pacific ECG equipment market.

COMPETITIVE INSIGHTS

Some of the leading companies in the market include Mindray Medical International Limited, Nihon Kohden Corporation, Siemens Healthineers AG, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments