ECG Equipment Market is Expected To Boom US$ 6289.87 Million at a CAGR of 26.1% in 2020

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the ECG Equipment market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Based on our recent survey, we have several different scenarios about the ECG Equipment YoY growth rate for 2020. The probable scenario is expected to grow by a 26.1% in 2020 and the revenue will be US$ 6289.87 Million in 2020 from US$ 4988.21 Million in 2019. The market size of ECG Equipment will reach US$ xx Million in 2026, with a CAGR of xx% from 2020 to 2026.

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The ECG Equipment key manufacturers in this market include:

GE

Philips

Schiller

Nihon Kohden

CardioComm Solutions

Johnson & Johnson

CardioComm Solutions

By the product type, the market is primarily split into

Monitoring Equipment

Holter Monitoring Systems

Event Monitoring Systems

Stress Testing Systems

Others

By the end users/application, this report covers the following segments

Hospital

Clinic

Laboratory

Others

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the ECG Equipment industry.

The high severity rate of COVID-19 brings about a sharp increase in demand for high-end medical equipment related to ICU. The critical rate in Hubei Province of China is 15% - 25% in the period of accelerated case growth. At present, there are 13 European countries in short supply of ICU beds in Europe and Iran. According to the requirements, one ICU bed needs to be equipped with one ventilator, one monitor, one electrocardiograph, one defibrillator and one blood purifier. According to the estimation of the number of confirmed cases and 15% of the severe cases rate by April 4, it is estimated that at present, at least 40294 ICU beds and equipment need to be increased in Europe, 4599 ICU beds and equipment need to be increased in Iran, and 44893 ICU beds and equipment need to be increased in Europe and Iran. There is a huge demand gap on ECG equipment.

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