The Global ECG Equipment Market to Reap $8900.9 Million by 2028

A recent study by Triton Market Research titled 'Global ECG Equipment Market,' covers the Global Analysis and Forecasts by System (Portable ECG System, Stationary ECG System); by Product (Monitoring ECG System [Event Monitoring, Remote Monitoring, Continuous Monitoring], Diagnostic ECG System [Rest ECG System, Holter ECG System, Stress ECG System]); by Lead Type (Single Lead, 3-6 Lead, 12 Lead); by Industry Verticals (Home/Ambulatory Care, Hospital, Other Industry); and Regional Outlook (North America, Latin America, Asia-Pacific, Middle East and Africa, Europe).

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Triton's research report estimated the global ECG equipment market to showcase a CAGR of 5.64% in revenue during the forecasting duration between 2021 and 2028, generating $8900.9 million by the year 2028.

The death rate due to cardiac arrest and other heart-related problems is increasing alarmingly. This factor is fostering the growth of the studied market. However, complex reimbursement policies for the treatment of cardiovascular diseases is hindering the development of the ECG equipment market.

The market for ECG equipment is segmented primarily into system, product, lead type, and industry verticals. On the basis of system, it is divided into portable ECG system and stationary ECG system. Whereas, the product segment is categorized into monitoring ECG system and diagnostic ECG system.

Monitoring ECG system is trifurcated into event monitoring, remote monitoring, and continuous monitoring. And diagnostic ECG system is trifurcated into rest ECG system, Holter ECG system, and stress ECG system.

The third main segment, lead type, is further segmented as per single Lead, 3-6 lead, and 12 lead. Lastly, the industry verticals segment is classified into home/ambulatory care, hospital, and other industry.

North America is presently the largest market for ECG equipment globally, and is expected to continue to lead until the end of the projected period. The region boasts of a sophisticated healthcare infrastructure, which has helped increase the adoption of ECG devices. Further, cardiovascular diseases are becoming increasingly prevalent in the United States. This, along with the rising expenditure on healthcare, is expected to foster the growth of the market in the region over the forthcoming period.

Mindray Medical International Limited, GE Healthcare, Zoll Medical Corporation (acquired by Asahi Kasei), McKesson Corporation, BioTelemetry Inc, Medibiosense Ltd, Fukuda Denshi Co Ltd, Spacelabs Healthcare (subsidiary of OSI Systems Inc), Schiller AG, CompuMed Inc, Siemens Healthineers AG, Nihon Kohden Corporation, Bionet Co Ltd, Hill Rom Holdings Inc, and Philips Healthcare are the renowned players in this market.

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Question & Answer: ECG Equipment Market

Question 1: What factor is fostering the growth of the studied market?
Answer: The death rate due to cardiac arrest and other heart-related problems is increasing alarmingly. This factor is fostering the growth of the studied market.

Question 2: What is hindering the development of the ECG equipment market?
Answer: Complex reimbursement policies for the treatment of cardiovascular diseases are hindering the development of the ECG equipment market.

Question 3: How is North America influencing the growth of the ECG equipment market?
Answer: North America is presently the largest market for ECG equipment globally, and is expected to continue to lead until the end of the projected period. The region boasts of a sophisticated healthcare infrastructure, which has helped increase the adoption of ECG devices.

Further, cardiovascular diseases are becoming increasingly prevalent in the United States. This, along with the rising expenditure on healthcare, is expected to foster the growth of the market in the region over the forthcoming period.

Question 4: Which are the renowned players in the ECG equipment market?
Answer: Mindray Medical International Limited, GE Healthcare, Zoll Medical Corporation (acquired by Asahi Kasei), McKesson Corporation, BioTelemetry Inc, Medibiosense Ltd, Fukuda Denshi Co Ltd, Spacelabs Healthcare (subsidiary of OSI Systems Inc), Schiller AG, CompuMed Inc, Siemens Healthineers AG, Nihon Kohden Corporation, Bionet Co Ltd, Hill Rom Holdings Inc, and Philips Healthcare are the renowned players in this market.

Related Report:
Global Bariatric Surgery Market - https://www.tritonmarketresearch.com/reports/bariatric-surgery-market

The global bariatric surgery market is likely to observe growth at a CAGR of 9.41% during the considered phase of 2021-2028. The market is assessed to gain $4913.1 million by 2028.

The major factors contributing to the growth of the studied market are the rise in obesity among people and the growing prevalence of Type 2 diabetes and heart diseases. Obese people are highly likely to be affected by diabetes. They are also likely to suffer from cardiac diseases. These factors are expected to propel the need for overall surgical procedures.

However, in several developing countries, the population lacks access to basic surgical care owing to a lack of awareness. This, along with the absence of proper healthcare infrastructure and complicated & expensive surgical procedures, is hindering the growth of the bariatric surgery market, and this trend is expected to continue over the forecast period.

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