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PUBLISHER: IMARC | PRODUCT CODE: 1236970
PUBLISHER: IMARC | PRODUCT CODE: 1236970
Electrocardiograph (ECG) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global electrocardiograph (ECG) market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.21% during 2023-2028.
An electrocardiograph (ECG) records the electrical activity of the heart by measuring its surface potentials. With this painless, noninvasive procedure, it is possible to diagnose heart problems like arrhythmias and coronary artery disease, and the effectiveness of certain heart disease treatments. By conducting surface potentials from metal contacts called electrodes to an instrument, the electrical activity of the heart can be measured on the surface of the skin. A machine that measures ECGs is connected to these electrodes through cables that are placed on the chest, lower arms, and calves. ECG graphs are generated by the machine through the conversion of signals, whereas in some cases, they can also be printed. The use of ECG monitoring devices, such as resting ECGs, stress ECGs, and Holter monitors, can provide information about abnormal heart function.
Electrocardiograph (ECG) Market Trends:
- The global market is majorly driven by the rising prevalence of cardiovascular diseases, such as ischemic heart disease (IHD), hypertensive heart disease, stroke, and peripheral artery diseases, among the masses. This can be attributed to the growing geriatric population that is susceptible to developing these diseases. In line with this, continual technological advancements in ECG devices, such as innovative designs and additional features, are providing an impetus to the market. Moreover, favorable government initiatives, along with supportive reimbursement policies, are creating a positive outlook for the market. Apart from this, the advent of portable ECG systems and remote monitoring devices with a single lead is impacting the market positively. The market is further propelled by the extensive research and development (R&D) activities conducted by key players to improve healthcare infrastructure. Some of the other factors contributing to the market growth include the rising trend of medical device miniaturization and the increasing medical expenditure.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global electrocardiograph (ECG) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, lead type and end user.
Breakup by Product:
- Resting Electrocardiograph (ECG)
- Stress Electrocardiograph (ECG)
- Holter Monitors
- Others
Breakup by Lead Type:
- Single Lead ECG
2 Lead ECG
3 Lead ECG
6 Lead ECG
12 Lead ECG
Breakup by End User:
- Hospitals and Clinics
- Home Settings and Ambulatory Surgical Centers (ASCs)
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being AliveCor Inc., Allengers Medical Systems Limited, BPL Medical Technologies, CompuMed Inc., Fukuda Denshi Co. Ltd., General Electric Company, Hill-Rom Holdings Inc. (Baxter International Inc.), Innomed Medical Inc., Koninklijke Philips N.V., Midmark Corporation, Nihon Kohden Corporation, OSI Systems Inc., Schiller AG and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Key Questions Answered in This Report:
- 1. What was the size of the global Electrocardiograph (ECG) market in 2022?
- 2. What is the expected growth rate of the global Electrocardiograph (ECG) market during 2023-2028?
- 3. What are the key factors driving the global Electrocardiograph (ECG) market?
- 4. What has been the impact of COVID-19 on the global Electrocardiograph (ECG) market?
- 5. What is the breakup of the global Electrocardiograph (ECG) market based on the product?
- 6. What is the breakup of the global Electrocardiograph (ECG) market based on the lead type?
- 7. What is the breakup of the global Electrocardiograph (ECG) market based on the end user?
- 8. What are the key regions in the global Electrocardiograph (ECG) market?
- 9. Who are the key players/companies in the global Electrocardiograph (ECG) market?
Product Code: SR1523A235_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electrocardiograph (ECG) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Resting Electrocardiograph (ECG)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Stress Electrocardiograph (ECG)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Holter Monitors
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Lead Type
- 7.1 Single Lead ECG
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 2 Lead ECG
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 3 Lead ECG
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 6 Lead ECG
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 12 Lead ECG
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End User
- 8.1 Hospitals and Clinics
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Home Settings and Ambulatory Surgical Centers (ASCs)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AliveCor Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Allengers Medical Systems Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 BPL Medical Technologies
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CompuMed Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Fukuda Denshi Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 General Electric Company
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Hill-Rom Holdings Inc. (Baxter International Inc.)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 SWOT Analysis
- 14.3.8 Innomed Medical Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Koninklijke Philips N.V.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Midmark Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Nihon Kohden Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 OSI Systems Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 Schiller AG
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.14 Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.14.3 Financials
- 14.3.14.4 SWOT Analysis
- 14.3.1 AliveCor Inc.
Product Code: SR1523A235_Report
List of Figures
- Figure 1: Global: Electrocardiograph Market: Major Drivers and Challenges
- Figure 2: Global: Electrocardiograph Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Electrocardiograph Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Electrocardiograph Market: Breakup by Product (in %), 2022
- Figure 5: Global: Electrocardiograph Market: Breakup by Lead Type (in %), 2022
- Figure 6: Global: Electrocardiograph Market: Breakup by End User (in %), 2022
- Figure 7: Global: Electrocardiograph Market: Breakup by Region (in %), 2022
- Figure 8: Global: Electrocardiograph (Resting Electrocardiograph) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Electrocardiograph (Resting Electrocardiograph) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Electrocardiograph (Stress Electrocardiograph) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Electrocardiograph (Stress Electrocardiograph) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Electrocardiograph (Holter Monitors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Electrocardiograph (Holter Monitors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Electrocardiograph (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Electrocardiograph (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Electrocardiograph (Single Lead ECG) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Electrocardiograph (Single Lead ECG) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Electrocardiograph (2 Lead ECG) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Electrocardiograph (2 Lead ECG) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Electrocardiograph (3 Lead ECG) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Electrocardiograph (3 Lead ECG) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Electrocardiograph (6 Lead ECG) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Electrocardiograph (6 Lead ECG) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Electrocardiograph (12 Lead ECG) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Electrocardiograph (12 Lead ECG) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Electrocardiograph (Hospitals and Clinics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Electrocardiograph (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Electrocardiograph (Home Settings and Ambulatory Surgical Centers (ASCs)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Electrocardiograph (Home Settings and Ambulatory Surgical Centers (ASCs)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Electrocardiograph (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Electrocardiograph (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Electrocardiograph Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Electrocardiograph Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Electrocardiograph Industry: SWOT Analysis
- Figure 82: Global: Electrocardiograph Industry: Value Chain Analysis
- Figure 83: Global: Electrocardiograph Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Electrocardiograph Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Electrocardiograph Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Electrocardiograph Market Forecast: Breakup by Lead Type (in Million US$), 2023-2028
- Table 4: Global: Electrocardiograph Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Electrocardiograph Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Electrocardiograph Market: Competitive Structure
- Table 7: Global: Electrocardiograph Market: Key Players
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