Global ECG Equipment Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: October 23, 2020 |

The global ECG equipment market size was accounted for around USD 5 billion in 2019 and projected to grow at the CAGR of 6.2% market during the forecast period 2020-2027. The ECG equipment expected to show significant growth during the forecast period due to increasing incidence of cardiac disorders, technological advancements in ECG equipment, rising awareness of cardiovascular disease would drive the growth of ECG equipment market globally.

Market Insights:

Electrocardiography also refereed as ECG or EKG is the process of recording electrical activity of the heart over a period of time using electrodes placed on the skin. The global ECG equipment market is at a stable stage with large number of key manufacturers and it is expected that ECG equipment market will show sluggish growth during forecast period due to increase in prevalence of cardiovascular disorders and government initiatives in health check-ups are expected to drive the growth of ECG equipment market globally. Market is segmented on the basis of product, lead type and geography. Currently resting ECG is largest revenue generating segment; however, it is anticipated that, holter monitoring systems would grow significantly during forecast period due to increasing demand of holter monitoring systems in market due its precision, reliability and accuracy. It is expected that 12 lead device would show significant growth during forecast period due to its advances over traditionally used single lead device. Currently, North America is dominating the global ECG equipment market due to higher price of equipment, large number of key manufacturer, technological advances and upsurge funding by government to improve patient care are driving the market growth in North America.

Market Segment Insights:

For the purpose of study global ECG equipment market is studied on the basis of type of product such as Resting ECG monitoring systems, stress ECG system, holter monitoring system. On the other hand, based on lead type market is categorized as single-lead devices, 3-6 lead devices and 12 lead devices.

Global ECG Equipment Market Segmentation:

By Product, 2018–2027 ($ Billion)

  • Overview
  • Resting ECG Monitoring Systems
  • Stress ECG System
  • Holter Monitoring System

By Lead Type, 2018–2027 ($ Billion)  

  • Overview
  • Single-Lead Devices
  • 3-6 LEAD Devices
  • 12 Lead Devices

By Geography, 2018-2027 ($ Billion)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

Among the considered regional markets, North America followed by Europe is currently dominating the global ECG equipment market due to early adoption of new technologies, upsurge funding by the government agencies and private organizations, higher healthcare awareness are driving the market growth in theses countries. However, Asia Pacific anticipated to show highest growth during forecast period due to factors such as developing healthcare infrastructure and improving healthcare awareness among general population would expected to drive the market growth in Asia Pacific region.

Market Competition Assessment:

The major players currently operating in the global ECG equipment market include BECK-LEE, Bionet America, INC., Cardioline S.P.A., Cardionet, GE Healthcare, Johnson & Johnson, Medtronic.

List of Key Companies:

  • Bionet America, Inc.
  • Cardioline S.P.A.
  • Cardionet
  • GE Healthcare
  • Johnson & Johnson
  • Medtronic
  • Mortara Instruments
  • Midmark Medical
  • Mindray International
  • Nihon Kohden Corporation
  • Philips Healthcare
  • Schiller AG
  • Spacelabs Healthcare
  • Welch Allyn

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Key Questions Answered by ECG Equipment Market Report

  • Global ecg equipment market forecasts from 2020-2027
  • Regional ecg equipment market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • ECG Equipment submarket forecasts from 2020-2027 covering the market by product, lead type, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to ecg equipment market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level ecg equipment markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the ecg equipment market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions

2. Executive Summary

2.1. Global ECG equipment Market Portraiture
2.2. Global ECG equipment Market, by Product, 2019 ($ Billion)
2.3. Global ECG equipment Market, by Lead Type, 2019 ($ Billion)
2.4. Global ECG equipment Market, by Geography, 2019 (Value %)

3. Global ECG equipment Market Analysis

3.1. Global ECG equipment Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Challenges
3.2.3. Opportunities
3.3. Attractive Investment Proposition, 2019
3.4. Competitive Landscape Assessment, by Key Market Players

4. Global ECG equipment Market, by Product, 2018–2027 ($ Billion)

4.1. Introduction
4.2. Resting ECG Monitoring Systems
4.3. Stress ECG System
4.4. Holter Monitoring System

5. Global ECG equipment Market, by Lead Type, 2018–2027 ($ Billion)

5.1. Introduction
5.2. Single-Lead Devices
5.3. 3-6 LEAD Devices
5.4. 12 Lead Devices

6. Global ECG equipment Market, by Geography, 2018-2027 ($ Billion)

6.1. North America
6.1.1. U.S.
6.1.2. Canada
6.2. Europe
6.2.1. U.K.
6.2.2. Germany
6.2.3. France
6.2.4. Rest of Europe
6.3. Asia Pacific
6.3.1. Japan
6.3.2. China
6.3.3. Rest of Asia Pacific
6.4. Latin America (LATAM)
6.4.1. Brazil
6.4.2. Mexico
6.4.3. Rest of Latin America
6.5. Middle East and Africa (MEA)

7. Company Profiles

7.2. Bionet America, Inc.
7.3. Cardioline S.P.A.
7.4. Cardionet
7.5. GE Healthcare
7.6. Johnson & Johnson
7.7. Medtronic
7.8. Mortara Instruments
7.9. Midmark Medical
7.10. Mindray International
7.11. Nihon Kohden Corporation
7.12. Philips Healthcare
7.13. Schiller AG
7.14. Spacelabs Healthcare
7.15. Welch Allyn
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