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1002104

Global Electrocardiograph (ECG) Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Electrocardiograph (ECG) Market - 2021-2028
Published: January 17, 2022
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview

The Global ECG Market is expected to grow at a CAGR of 6.20% during the forecasting period (2021-2028).

Electrocardiograph (ECG) is a non-invasive and painless medical test that records heart activities through electric signals, and these signals are amplified on the ECG monitor. In ECG each heartbeat is recorded with an electrode as an electrical impulse and detect minutest electrical changes in the skin caused due to heart muscle depolarizing during each heartbeat.

Market Dynamics

The global ECG market growth is driven by the increase in number of ECG tests are conducted by people, susceptible to heart diseases, technological advancements in ECG devices such as portable and handheld, rise in incidence of cardiovascular diseases, increase in geriatric population, and favorable government regulations regarding monitoring devices.

Increase in prevalence of heart diseases worldwide is the primary factor driving the electrocardiograph (ECG) will drive the market growth

Increase in prevalence of heart diseases worldwide is the primary factor driving the electrocardiograph (ECG) market globally. According to the WHO, cardiovascular disease is one of the leading cause of death worldwide. It is estimated that cardiovascular diseases (CVDs) take the lives of 17.9 million people every year, 31% of all global deaths. In addition, an increase in demand for the invasive techniques and lifestyle changes bolstering the electrocardiograph (ECG) market. Furthermore, technological advancements and growing accessibility to the advanced treatments are expected to boost the electrocardiograph (ECG) market. According to World heart federation, Latin America holds a high risk of abdominal obesity, high blood cholesterol, hypertension etc.

In 2015, According to the study, about 1.6 million deaths were recording in Latin America and the Caribbean because of cardiovascular diseases. The universal healthcare scheme in Brazil along with rising government focus for improving public health is fueling the market growth.

Many of the major companies are developing portable handheld ECG monitors, wireless ECGs, and ECG management systems to automate the processing, storage, and distribution of data. Cardiofax G electrocardiograph incorporates Nihon Kohden Corp.'s synthesized 18-lead ECG, which can improve the detection of hidden ischemia.

High cost for buying and maintaining of Electrocardiograph (ECG) is likely to hamper the market growth

In many of the developing countries, owing to the cost-effective factor, physicians are forced to use traditional ECG devices instead of the latest high-end devices. Hence, high cost for buying and maintaining, and lack of technical skills are hindering the growth of the market in developing regions. Lack of awareness among people about the use of electrograph for the diagnosis of cardiovascular diseases and shortage of skilled personnel for the operation of electrograph devices are the major factors anticipated to hamper the growth of the market in the forecast period.

COVID-19 Impact Analysis

As COVID-19 continues to affect the public, healthcare providers are routinely modifying care pathways to provide better treatment for individuals with the infection. ECG is a critical part of the process, but ensuring this diagnostic exam is as accurate as possible can present a challenge, especially if the COVID-19 patient is in respiratory distress.

A prior history of cardiovascular disease is one of the main risk factors for COVID-19 mortality among affected patients, and COVID-19 may exacerbate preexisting heart conditions, adding to the burden of care clinicians must face. Performing an ECG also raises the risk of cross-infection among medical personnel, so physicians should carefully determine when and if ECG is necessary in the course of caring for patients.

Current COVID-19 pandemic is challenging hospital capacity and healthcare workers. In such setting, it is imperative to properly select stable COVID-19 patients to be treated at home. Therefore, empowering family physicians and their patients with accurate and portable home diagnostic devices, including electrocardiogram (ECG) devices to early identifies those with evolutive potential becomes a priority. However, limited data exist on the role of ECG as home monitoring tool for COVID-19 stable patient.

Segment Analysis

The resting ECG system segment is expected to grow at the fastest CAGR during the forecast period (2021-2028)

The resting ECG system dominated the ECG market in 2020. The resting electrocardiogram is a test that measures the electrical activity of the heart. The heart is a muscular organ which pumps blood through rhythmic contractions induced by electric impulses generated by the sinus node, the heart's natural pacemaker.

Factors contributing to the growth of the market are improved clinical accuracy due to advanced data analysis tools, new product launches, and various technological advancements for better care and accurate diagnosis. Partnerships among ECG manufacturers to develop the better exchange of information through Cardiovascular Information Systems (CVIS) and Electronic Health Record (EHR) are anticipated boost the ECG market by simplifying ECG workflow and reducing the complexity associated with custom integration.

In the preoperative setting, resting ECG is used to assess known cardiovascular diseases, to detect previously undiagnosed cardiovascular diseases, and to provide a baseline standard against which to measure changes in the postoperative period.

Geographical Analysis

North America region holds the largest market share of Global Electrocardiograph (ECG) Market

North America accounted for the largest market share in 2020 due to technological advancements, an increase in product launches, collaborative agreements among manufacturers, and surging heart-related diseases.

According to the WHO, in 2018, 6.3 million people died from CVDs in the US. Among them, 1.3 million deaths were caused by stroke, and 2.9 million deaths were due to coronary heart disease. Some of the major companies operating in the North America region are Philips, AliveCor, Johnson & Johnson, GE Healthcare, Spacelabs Healthcare and Welch Allyn. Presence of a large patient pool, availability of high-quality services and increasing medical tourism are expected to drive the market in the region. Partnerships among ECG manufacturers to develop the better exchange of information through Cardiovascular Information Systems (CVIS) and Electronic Health Record (EHR) are anticipated boost the ECG market in the region by simplifying ECG workflow and reducing the complexity associated with custom integration.

Competitive Landscape

The Electrocardiograph (ECG) market is highly competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include GE Healthcare, Koninklinje Philips NV, Nihon Kohden Corporation, Schiller AG, OSI Systems Inc. (Spacelabs Healthcare), AliveCor, Mindray Medical International Limited, Medtronic PLC, Hill-Rom Holdings Inc. (Welch Allyn), BioTelemetry among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Electrocardiograph (ECG) market globally. For In August 2018, Royal Philips acquired Xhale Assurance Inc., Xhale Assurance's unique, disposable pulse oximetry sensor is placed on the wing of the nose, and can reliably measure and transmit a patient's heart rate and blood oxygenation under low perfusion conditions.

GE Healthcare

Overview: GE Healthcare Inc. produces medical equipment. The Company offers scanners, monitors, dispensers, imagers, displays, recorders, analyzers, separators, and other laboratory and medical equipment for medical and medical research industries worldwide.

Product Portfolio:

MAC VU360™ Resting ECG: The GE MAC VU360 Resting ECG Workstation is a virtually unlimited ECG. This machine offers fast high-quality ECGs with fewer repeats. It can create an ECG order at the time of the ECG, document critical test results, or close the ECG workflow for billing.

Why Purchase the Report?

Visualize the composition of the global Electrocardiograph (ECG) market segmentation by type, technology, lead, end user and region highlighting the key commercial assets and players.

Identify commercial opportunities in global Electrocardiograph (ECG) market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of global Electrocardiograph (ECG) market - level 4/5 segmentation.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global Electrocardiograph (ECG) market report would provide an access to an approximately 40+ market data table, 45+ figures and 180 pages.

Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Market Segmentation

Global Electrocardiograph (ECG) Market - By Type

Resting ECG Systems

Stress ECG Systems

Holter ECG Systems

Cardiac Event Monitors

Others

Global Electrocardiograph (ECG) Market - By Technology

Portable ECG Systems

Wireless ECG Systems

Global Electrocardiograph (ECG) Market - By Lead

Single Lead

3-6 Lead

12-Lead

Others

Global Electrocardiograph (ECG) Market - By End User

Hospitals and Clinics

Home Care devices

Global Electrocardiograph (ECG) Market - By Region

North America

Europe

Asia-Pacific

Middle East & Africa

South America

Product Code: DMMD218

Table of Contents

1. Global Electrocardiograph (ECG) Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Electrocardiograph (ECG) Market - Market Definition and Overview

3. Global Electrocardiograph (ECG) Market - Executive Summary

  • 3.1. Market Snippet by Type
  • 3.2. Market snippet by Technology
  • 3.3. Market snippet by Lead
  • 3.4. Market Snippet by End User
  • 3.5. Market Snippet by Region

4. Global Electrocardiograph (ECG) Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Increasing Cases of Cardiovascular Diseases
      • 4.1.1.2. Rising Aging Population Has High Risk of Cardiac Disease
    • 4.1.2. Restraints:
      • 4.1.2.1. Expensive Instrument and Maintenance
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Electrocardiograph (ECG) Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Regulatory Analysis

6. Global Electrocardiograph (ECG) Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Electrocardiograph (ECG) Market - By Type

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type Segment
    • 7.1.2. Market Attractiveness Index, By Type Segment
  • 7.2. Resting ECG Systems *
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 7.3. Stress ECG Systems
  • 7.4. Holter ECG Systems
  • 7.5. Cardiac Event Monitors
  • 7.6. Others

8. Global Electrocardiograph (ECG) Market - By Technology

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 8.1.2. Market Attractiveness Index, By Technology
  • 8.2. Portable ECG Systems*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 8.3. Wireless ECG Systems

9. Global Electrocardiograph (ECG) Market - By Lead

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Lead
    • 9.1.2. Market Attractiveness Index, By Sample Segment
  • 9.2. Single Lead*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 9.3. 3-6 Lead
  • 9.4. 12-Lead
  • 9.5. Others

10. Global Electrocardiograph (ECG) Market - By End User

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
    • 10.1.2. Market Attractiveness Index, By End User Segment
  • 10.2. Hospitals and Clinics*
    • 10.2.1. Introduction
    • 10.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 10.3. Home Care devices

11. Global Electrocardiograph (ECG) Market - By Region

  • 11.1. Introduction
    • 11.1.1. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028, By Region
    • 11.1.2. Market Attractiveness Index, By Region
  • 11.2. North America
    • 11.2.1. Introduction
    • 11.2.2. Key Region-Specific Dynamics
    • 11.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 11.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Lead
    • 11.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
    • 11.2.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.2.7.1. U.S.
      • 11.2.7.2. Canada
      • 11.2.7.3. Mexico
  • 11.3. Europe
    • 11.3.1. Introduction
    • 11.3.2. Key Region-Specific Dynamics
    • 11.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 11.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Lead
    • 11.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
    • 11.3.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.3.7.1. Germany
      • 11.3.7.2. U.K.
      • 11.3.7.3. France
      • 11.3.7.4. Italy
      • 11.3.7.5. Spain
      • 11.3.7.6. Rest of Europe
  • 11.4. South America
    • 11.4.1. Introduction
    • 11.4.2. Key Region-Specific Dynamics
    • 11.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 11.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Lead
    • 11.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
    • 11.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.4.7.1. Brazil
      • 11.4.7.2. Argentina
      • 11.4.7.3. Rest of South America
  • 11.5. Asia Pacific
    • 11.5.1. Introduction
    • 11.5.2. Key Region-Specific Dynamics
    • 11.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 11.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Lead
    • 11.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
    • 11.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.5.7.1. China
      • 11.5.7.2. India
      • 11.5.7.3. Japan
      • 11.5.7.4. Australia
      • 11.5.7.5. Rest of Asia Pacific
  • 11.6. Middle East and Africa
    • 11.6.1. Introduction
    • 11.6.2. Key Region-Specific Dynamics
    • 11.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 11.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Lead
    • 11.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User

12. Global Electrocardiograph (ECG) Market - Competitive Landscape

  • 12.1. Key Developments and Strategies
  • 12.2. Company Share Analysis
  • 12.3. Product Benchmarking
  • 12.4. Key Companies to Watch

13. Global Electrocardiograph (ECG) Market - Company Profiles

  • 13.1. GE Healthcare*
    • 13.1.1. Company Overview
    • 13.1.2. Product Portfolio and Description
    • 13.1.3. Key Highlights
    • 13.1.4. Financial Overview
  • 13.2. Nihon Kohden Corporation
  • 13.3. Koninklinje Philips NV
  • 13.4. Schiller AG
  • 13.5. OSI Systems Inc. (Spacelabs Healthcare)
  • 13.6. AliveCor
  • 13.7. Mindray Medical International Limited
  • 13.8. Medtronic PLC
  • 13.9. Hill-Rom Holdings Inc. (Welch Allyn)
  • 13.10. BioTelemetry

LIST NOT EXHAUSTIVE

14. Global Electrocardiograph (ECG) Market - DataM

  • 14.1. Appendix
  • 14.2. About Us and Services
  • 14.3. Contact Us