ECG Monitoring Systems Market to Reach US$ 1,847.2 Million by 2027 | GE Healthcare, Philips Healthcare, Nihon Kohden

Increasing prevalence of cardiovascular diseases is expected to propel growth of the global cardiovascular monitoring and diagnostic devices market over the forecast period. For instance, according to the American Heart Association's Heart and Stroke Statistics 2019 Update, around 48% of all adults in the U.S. suffered from some type of cardiovascular disease in 2016. Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

ECG Monitoring Equipment held dominant position in the global ECG monitoring systems market in 2019, accounting for 56.5% share in terms of value, followed by Holter Monitoring Systems and ECG Stress Testing Systems, respectively.

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R&D in ambulatory ECGs is expected to offer lucrative growth opportunities for players in the global ECG monitoring systems market. For instance, in February 2020, researchers at University of Electronic Science and Technology of China developed an adaptive cancellation algorithm based on multi-inertial sensors to suppress motion artifacts in ambulatory ECGs.

Moreover, increasing investment in development of new devices is also expected to aid in growth of the market. For instance, in December 2019, Biotricity Inc., a medical diagnostic and consumer healthcare technology company, raised US$ 6 million for FDA Filing for its patch solution within the first 6 months of 2020, which will be a novel product in the field of Holter monitoring.

The global ECG monitoring systems market was valued at US$ 1,024.4 Mn in 2019 and is forecast to reach a value of US$ 1,847.2 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027.

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Detailed Segmentation

Global ECG Monitoring Systems Market, By Equipment Type:
ECG Monitoring Equipment
Holter Monitoring Systems
ECG Stress Testing Systems
Event Monitoring Systems

Global ECG Monitoring Systems Market, By End User:
Hospitals
Ambulatory Surgical Centers
Clinics

Company Profiles
GE Healthcare*
Philips Healthcare
Nihon Kohden
Schiller AG
Opto Circuits (India) Limited
Welch Allyn
Fukuda Denshi Co., Ltd.
Lidco Group plc
Biotricity Inc.
Bittium Corporation
VivaQuant

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