Diagnostic Electrocardiograph (ECG) Market Size, Supply, Demand, Cost Structure and Forecast 2019 to 2025

Research Reports

Jan 27, 2021

Various factors are adding to the global diagnostic electrocardiograph market growth. Such factors, according to the new MRFR report, include increasing expenditure by market players in research and development to create novel ECG devices, technological advances in wearable devices and wireless monitoring, and an increase in the rate of lifestyle diseases. Additional factors adding market growth include the developing healthcare infrastructure, increasing geriatric population, and rising cases of cardiovascular diseases.

According to MRFR analysis, Global Diagnostic Electrocardiograph (ECG) Market is expected to register a CAGR of 6.72% during the forecast period of 2019 to 2025 and reach USD 10,487.24 Million by 2025.

Regional Analysis

Based on the region, the global diagnostic electrocardiograph market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will have lions share in the market over the forecast period. Surging demand for medical devices coupled with rising cases of cardiovascular diseases like arrhythmia and stroke, are adding to the growth of the market in the region.

The global diagnostic electrocardiograph market in Europe is predicted to hold the second-largest share over the forecast period. Rising acceptance of new diagnostic products and increasing geriatric population are adding to the growth of the market in the region.

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Segmentation

The Global Diagnostic Electrocardiograph (ECG) Market has been segmented based on the product Type, Lead Type, and End User.

Based on the product type, the global diagnostic electrocardiograph (ECG) market has been segmented into resting ECG devices, stress ECG devices, implantable loop recorders, mobile cardiac telemetry devices, event monitors, Holter monitors, and smart ECG monitors. The resting ECG devices segment held the largest market share in 2018, owing to its high usage in hospitals across the world.

On the basis of lead type, the market has been segmented into 12-lead ECG devices, 5-lead ECG devices, 3-lead ECG devices, 6-lead ECG devices, and single-lead ECG devices. The 3-lead ECG devices segment is expected to grow at the fastest CAGR during the forecast period owing to its increasing usage in a variety of cardiac diagnostic tests.

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Key Players

Some of the Key Players in the Global Diagnostic Electrocardiograph (ECG) Market are General Electric Company (US), Koninklijke Philips N.V. (Netherlands), Nihon Kohden Corporation (Japan), Hillrom Services, Inc. (US), Spacelabs Healthcare (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Schiller (Switzerland), ACS Diagnostics (US), BPL Medical Technologies (India), Fukuda Denshi (Japan), BTL (US), Edan Instruments, Inc. (China), Cardioline SpA (Italy), Norav Medical (US), Innomed Medical Inc. (Hungary), and VectraCor, Inc. (US).

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