Electrocardiogram (ECG) Devices Market Size, By Product, By Lead Type, By Portability, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023

Description

Electrocardiogram (ECG) Devices Market is anticipated to expand substantially through 2032, primarily owing to the ongoing technical upgradation in ECG devices. These innovations are expected to assist healthcare professionals in treating and diagnosing patients accurately.

Besides, ECG helps measure the rhythm and heart rate, axis of the heart, and state of myocardial muscle, preventing heart attacks by analyzing heart parameters during the initial stage. Increasing health concerns among the general populace will fuel the market demand.

The constantly surging adoption of mobile and telemetry cardiac monitors, along with the rising investments made by the key players in R&D initiatives to develop and innovate technologically advanced electrocardiogram (ECG) devices, will drive market growth.

For instance, Samsung has announced built-in ECGs in its Galaxy Watch Active 2 and newer smartwatches. Reportedly, the owners of Galaxy Watch 5 and Galaxy Watch 5 Pro in Malaysia can use the Samsung Health Monitor app on their smartphones to analyze their ECG and blood pressure, enabling them to diagnose heart-related issues earlier and consult a doctor for possible remedies.

Overall, the electrocardiogram (ECG) devices industry is segmented in terms of product, lead, portability, end-use, and region.

Based on the product, the monitoring ECG devices segment would witness strong demand during the forecast timeframe owing to advantages such as diagnosing heart problems, monitoring heart function, and recording the electrical activity of heart for a prolonged period. In addition, the constant innovations in monitoring devices resulting in the introduction of easy-to-use and convenient wearable products will further stimulate market growth.

In terms of the lead, the single lead type segment accounted for over 8.5% market share in 2022. The segment will register sturdy growth owing to the rising government initiatives to improve patient care through faster diagnosis. Besides, single-lead ECG monitoring is being increasingly favored for recording ECG with handheld or wearable devices, which will further bolster the market.

Considering the portability, the portable device segment will grow considerably through 2032 owing to the increasing adoption of ECG devices for patients, along with better accuracy and faster outcomes. In addition, the easy accessibility of data to the patient and the installation of the latest technology in products will boost the market demand.

Based on end-use, the hospitals & clinics segment accounted for over 51% market share in 2022. The segmental growth will be driven by the rising prevalence of cardiovascular diseases, resulting in increased demand for ECG devices in hospitals & clinics.

Regionally, the North America electrocardiogram devices industry registered over 33.5% market share in 2022 and will further expand through 2032. Supporting government initiatives, increasing awareness regarding early-stage disease diagnosis, and developing technologically advanced ECG will propel regional market growth during the estimated timeframe.

Product Code: 5425

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope and definitions
1.3 Base estimates and working
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Electrocardiogram (ECG) devices industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Lead type trends
- 2.1.4 Portability trends
- 2.1.5 End-use trends
- 2.1.6 Regional trends

Chapter 3 Electrocardiogram (ECG) Devices Industry Insights

3.1 Industry landscape, 2018 - 2032 (USD Million)
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Growing prevalence of cardiovascular diseases
  - 3.2.1.2 Rising elderly population
  - 3.2.1.3 Technological advancements in ECG devices
  - 3.2.1.4 Increasing adoption of mobile and telemetry cardiac monitors
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 High cost of advanced ECG devices
  - 3.2.2.2 Lack of skilled professionals
3.3 Growth potential analysis
- 3.3.1 By product
- 3.3.2 By lead type
- 3.3.3 By portability
- 3.3.4 By end-use
3.4 COVID-19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Reimbursement scenario
3.7 Technology landscape
- 3.7.1 Upcoming technologies
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2021

4.1 Introduction
4.2 Company matrix analysis
4.3 Strategy dashboard

Chapter 5 Electrocardiogram (ECG) Devices Market, By Product

5.1 Key product trends
5.2 Diagnostic ECG machines
- 5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
- 5.2.3 Resting ECG
  - 5.2.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.2.3.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
- 5.2.4 Stress ECG
  - 5.2.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.2.4.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
5.3 Monitoring ECG devices
- 5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
- 5.3.3 Holter monitor
  - 5.3.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.3.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
- 5.3.4 Implantable cardiac monitors
  - 5.3.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.4.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
- 5.3.5 ECG telemetry monitoring / event monitoring
  - 5.3.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.5.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
- 5.3.6 Others
  - 5.3.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.6.2 Market estimates and forecast, 2018 - 2032 ('000 Units)

Chapter 6 Electrocardiogram (ECG) Devices Market, By Lead Type

6.1 Key lead type trends
6.2 Single lead type
- 6.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.3 3-lead type
- 6.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.4 6- lead type
- 6.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.5 12- lead type
- 6.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.6 Others
- 6.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 7 Electrocardiogram (ECG) Devices Market, By Portability

7.1 Key portability trends
7.2 Portable device
- 7.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 7.2.2 Market estimates and forecast, 2018 - 2032 ('000 Units)
7.3 Non-portable device
- 7.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 7.3.2 Market estimates and forecast, 2018 - 2032 ('000 Units)

Chapter 8 Electrocardiogram (ECG) Devices Market, By End-use

8.1 Key end-use trends
8.2 Hospitals & clinics
- 8.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.3 Diagnostic centers
- 8.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.4 Ambulatory surgical centers
- 8.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.5 Homecare settings
- 8.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.6 Others
- 8.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 9 Electrocardiogram (ECG) Devices Market, By Region

9.1 Key regional trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Poland
- 9.3.7 Switzerland
- 9.3.8 Netherlands
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Thailand
- 9.4.7 Indonesia
9.5 Latin America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Columbia
- 9.5.4 Mexico
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 South Africa
- 9.6.3 Israel
- 9.6.4 UAE

Chapter 10 Company Profiles

10.1 AliveCor, Inc.
10.2 Allengers Medical Systems, Ltd.
10.3 Biotricity, Inc.
10.4 Bionet America, Inc.
10.5 Biotronik SE & Co. KG
10.6 Boston Scientific Corporation
10.7 BPL Medical Technologies
10.8 Cardioline S.P.A
10.9 Fukuda Denshi Co., Ltd.
10.10 GE Healthcare
10.11 Hill-Rom Holdings, Inc. (Baxter)
10.12 Koninklijke Philips N.V.
10.13 Medtronic plc
10.14 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
10.15 Spacelabs Healthcare (OSI Systems, Inc.)

Electrocardiogram (ECG) Devices Market Size, By Product, By Lead Type, By Portability, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032