The global ECG devices market size was approximately USD 4.17 billion in 2018 and is expected to generate around USD 6.28 billion by 2025, at a CAGR of around 6.7% between 2019 and 2026.
The electrocardiogram (ECG) is a diagnostic tool that is used to assess the electrical and muscular functions of the heart. ECG measures the rate and rhythm of the heartbeat and provides indirect evidence of blood flow to the heart muscles. ECG plays an important role in providing information related to the heart muscles and determining any kind of heart blockage that can lead to a heart attack. There are various factors that influence the growth of the ECG devices market globally, such as increasing cardiovascular diseases prevalence, growing elderly population base, advanced number of research and development activities, technological advancements, increasing healthcare expenditure, changing lifestyle patterns, improving healthcare infrastructure, and escalating investments made by key players toward development and manufacturing of ECG devices. However, the high cost of advanced ECG devices, strict regulatory requirements for the approval of ECG devices, economic instability, and saturation of ECG devices market in developed economies may inhibit the global ECG devices market growth.
The global ECG devices market is segmented on the basis of technology, type, and end-user. By technology, the global ECG devices market includes ECG resting system, ECG stress testing system, ECG Holter monitoring system, and cardiopulmonary stress testing system. The ECG resting system segment is estimated to contribute to the highest revenue share in the years ahead. Additionally, the ECG Holter monitoring system segment is expected to grow notably in the future due to the high adaptation of ECG devices.
Based on type, the market is classified into 12 lead ECG, 5 lead ECG, 3 lead ECG, and wireless ECG. The 5 lead ECG and 3 lead ECG segments accounted for the largest market share in 2018, followed by 12 lead ECG.
On the basis of end-user, the global ECG devices market is fragmented into hospitals, ambulatory surgical centers, clinics, and others. The hospital segment contributed a major share to the global ECG devices market in 2018, due to the increasing number of private hospitals in developing countries and rising government funding for developing better hospital infrastructure. Moreover, due to the ease of access to diagnostic facilities, the ambulatory surgical centers are likely to show significant market growth in the future.
By region, North America held the largest share in the global ECG devices market in 2018. This can be due to the increasing regional population base and growing prevalence of lifestyle-related disorders, cardiovascular diseases, hypertension, and stroke. In North America, the U.S. is the market leader due to the increasing number of both public and private hospitals and their growing purchasing power to afford the latest ECG devices.
Europe is expected to hold the second spot of the global ECG devices market in the future, owing to the increasing healthcare infrastructure, the presence of major market players in the region, and the introduction of latest ECG devices. Germany, UK, and France are major countries for the European ECG devices market.
The Asia Pacific ECG devices market is expected to grow significantly over the forecast time period, owing to the presence of developing economies, such as India and China, in the region, growing demand for advanced ECG devices, improving healthcare infrastructure, and rising spending in the healthcare sector. Furthermore, the increased awareness about various cardiovascular diseases and conditions among the regional population is also expected to drive the region’s ECG devices market.
The Latin American ECG devices market is estimated to witness moderate growth over the forecast time period. The Middle Eastern and African ECG devices market is likely to register sluggish growth in the future, owing to the high cost of advanced ECG devices and the lack of technical skills.
Some major players of the global ECG devices market include GE Healthcare, Mortara Instrument, Nihon Kohden Corporation, Mindray Medical, Spacelabs Healthcare, Schiller AG, CompuMed, Koninklijke Philips N.V., Welch Allyn, and Fukuda Denshi.
This report segments the global ECG devices market into:
Global ECG Devices Market: By Technology
Global ECG Devices Market: By Type
Global ECG Devices Market: By End-User
Global ECG Devices Market: By Region
CHAPTER 1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
CHAPTER 2. Assumptions and Research Methodology
CHAPTER 3. Executive Summary: Global Market
CHAPTER 4. Market Overview
4.1. Introduction
4.1.1. Technology Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Market Analysis and Forecast, 2016–2026
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Analysis
5. Key Insights
5.1. Technological Advancements
5.2. Key Mergers & Acquisitions
6. Global Market Analysis and Forecast, by Technology
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Global Market Value Forecast, by Technology, 2016–2026
6.3.1. Resting ECG Systems
6.3.2. Holter Monitoring
6.3.3. Stress ECG Systems
6.3.4. Event Monitoring
6.3.5. Mobile Cardiac Telemetry
6.4. Global Market Attractiveness, by Technology
7. Global Market Analysis and Forecast, by End-user
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Global Market Value Forecast, by End-user, 2016–2026
7.3.1. Hospitals
7.3.2. Specialized Clinics
7.3.3. Ambulatory Surgical Centers
7.3.4. Others
7.4. Global Market Attractiveness, by End-user
8. Global Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Global Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Global Market Attractiveness, by Region
9. North America Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. North America Market Value Forecast, by Technology, 2016–2026
9.2.1. Resting ECG Systems
9.2.2. Holter Monitoring
9.2.3. Stress ECG Systems
9.2.4. Event Monitoring
9.2.5. Mobile Cardiac Telemetry
9.3. North America Market Value Forecast, by End-user, 2016–2026
9.3.1. Hospitals
9.3.2. Specialized Clinics
9.3.3. Ambulatory Surgical Centers
9.3.4. Others
9.4. North America Market Value Forecast, by Country, 2016–2026
9.4.1. U.S.
9.4.2. Canada
9.5. North America Market Attractiveness Analysis
9.5.1. By Technology
9.5.2. By End-user
9.5.3. By Country
10. Europe Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Europe Market Value Forecast, by Technology, 2016–2026
10.2.1. Resting ECG Systems
10.2.2. Holter Monitoring
10.2.3. Stress ECG Systems
10.2.4. Event Monitoring
10.2.5. Mobile Cardiac Telemetry
10.3. Europe Market Value Forecast, by End-user, 2016–2026
10.3.1. Hospitals
10.3.2. Specialized Clinics
10.3.3. Ambulatory Surgical Centers
10.3.4. Others
10.4. Europe Market Value Forecast, by Country/Sub-region, 2016–2026
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Europe Market Attractiveness Analysis
10.5.1. By Technology
10.5.2. By End-user
10.5.3. By Country/Sub-region
11. Asia Pacific Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Asia Pacific Market Value Forecast, by Technology, 2016–2026
11.2.1. Resting ECG Systems
11.2.2. Holter Monitoring
11.2.3. Stress ECG Systems
11.2.4. Event Monitoring
11.2.5. Mobile Cardiac Telemetry
11.3. Asia Pacific Market Value Forecast, by End-user, 2016–2026
11.3.1. Hospitals
11.3.2. Specialized Clinics
11.3.3. Ambulatory Surgical Centers
11.3.4. Others
11.4. Asia Pacific Market Value Forecast, by Country/Sub-region, 2016–2026
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Asia Pacific Market Attractiveness Analysis
11.5.1. By Technology
11.5.2. By End-user
11.5.3. By Country/Sub-region
12. Latin America Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Latin America Market Value Forecast, by Technology, 2016–2026
12.2.1. Resting ECG Systems
12.2.2. Holter Monitoring
12.2.3. Stress ECG Systems
12.2.4. Event Monitoring
12.2.5. Mobile Cardiac Telemetry
12.3. Latin America Market Value Forecast, by End-user, 2016–2026
12.3.1. Hospitals
12.3.2. Specialized Clinics
12.3.3. Ambulatory Surgical Centers
12.3.4. Others
12.4. Latin America Market Value Forecast, by Country/Sub-region, 2016–2026
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Market Attractiveness Analysis
12.5.1. By Technology
12.5.2. By End-user
12.5.3. By Country/Sub-region
13. Middle East & Africa Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Middle East & Africa Market Value Forecast, by Technology, 2016–2026
13.2.1. Resting ECG Systems
13.2.2. Holter Monitoring
13.2.3. Stress ECG Systems
13.2.4. Event Monitoring
13.2.5. Mobile Cardiac Telemetry
13.3. Middle East & Africa Market Value Forecast, by End-user, 2016–2026
13.3.1. Hospitals
13.3.2. Specialized Clinics
13.3.3. Ambulatory Surgical Centers
13.3.4. Others
13.4. Middle East & Africa Market Value Forecast, by Country/Sub-region, 2016–2026
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Middle East & Africa Market Attractiveness Analysis
13.5.1. By Technology
13.5.2. By End-user
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player – Competition Matrix (By Tier and Size of companies)
14.2. Market Share Analysis, by Company (2017)
14.3. Company Profiles
14.3.1. GE Healthcare
14.3.2. Philips Group (Philips Healthcare)
14.3.3. BioTelemetry Inc.
14.3.4. Nihon Kohden Corporation
14.3.5. Hill-Rom Holdings, Inc.
14.3.6. Spacelabs Healthcare (OSI Systems, Inc.)
14.3.7. Fukuda Denshi Co., Ltd
14.3.8. Schiller AG
14.3.9. Mindray Medical International Limited
14.3.10. CompuMed, Inc.
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers