Diagnostic Electrocardiograph (ECG) Market 2022 | Industry Outlook, Size, Share and Growth Analysis

According to Precision Business Insights (PBI), the latest report the global diagnostic electrocardiograph (ecg) market is expected to be worth USD 8,142.1 million in 2021 and projected to grow at a 8.1% CAGR over 2022 to 2028. The incidence of cardiac disorders is the primary driver of the global diagnostic electrocardiograph market. According to the WHO, cardiovascular disease is one of the leading causes of death globally. over 18 million people die annually from cardiovascular diseases, accounting for 31% of global mortality. The prevalence of cardiovascular disorders generates demand for diagnostic electrocardiographs and accelerates market expansion. The incidence of cardiac disorders is the primary driver of the global diagnostic electrocardiograph market. The prevalence of cardiovascular disorders generates demand for diagnostic electrocardiographs and accelerates market expansion.

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The 3-Lead ECG Devices Segment is Dominating the Diagnostic Electrocardiograph (ECG) Market:
Three-lead ECGs are most utilized to record a 24-hour reading. A 24-hour task is a standard tool for diagnosing cardiac issues and is paid as a long-term reading. A three-lead design necessitates the implantation of three electrodes: one close to each clavicle bone on the upper chest and a third adjacent to the patient's lower left belly. It is a typical bipolar lead shape, and the monitor reads Lead I, II, and III. The increasing prevalence of cardiovascular diseases is anticipated to boost the demand for the lead ECG segment over the coming years.

North America Leads Diagnostic Electrocardiograph (ECG) Market:
North America is expected to hold a significant market share in the global Diagnostic Electrocardiograph (ECG) market and is projected to grow at a prominent growth rate over the forecast years owing to due to the high-quality standards provided by pharmaceutical service providers, quick expansion in the biosimilar & biologics industries, and expanding clinical trial activities in the region. Furthermore, an aging population suffering from a variety of chronic diseases and age-related ailments is predicted to increase demand for medications, medical equipment, and medicinal treatments, boosting market figures.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Diagnostic Electrocardiograph (ECG) market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In March 2018, Biotelemetry (US) acquired Geneva Healthcare (US) to strengthen its position in the remote cardiac monitoring devices market. In May 2018, GE Healthcare partnered with Preventice Solutions (US) to extend GE's ECG services into home settings, providing monitoring for ambulatory ECG patients. In March 2018, Philips Healthcare launched IntelliSpace Cardiovascular 3.1 device under its cardiovascular product division.

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The diagnostic electrocardiograph (ecg) market is segmented based on product and service, lead type, end user, and geography.
Based on the Product and Service, the market is segmented into the following:
• Resting ECG
• Stress ECG Devices
• Holter Monitors
• Implantable Loop Recorders
• Event Monitors
• MCT Devices
• Smart ECG Monitors

Based on the Lead Type, the market is segmented into the following:
• 12-lead ECG Devices
• 5-lead ECG Devices
• 3-lead ECG Devices
• 6-lead ECG Devices
• Single lead
• Other Lead Types

Based on the End User, the market is segmented into the following:
• Hospitals
• Clinics and Cardiac Centers
• Ambulatory Surgical Centers
• Other End Users

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key player's profiles in the diagnostic electrocardiograph (ECG) market report are General Electric Company (Us), Koninklijke Philips N.V. (Netherlands), Nihon Kohden Corporation. (Japan), Hill-Rom Services, Inc. (Us), Ambu A/S. (Denmark), Schiller (India), Acsdiagnostics. (Us), Bpl, Fukuda Denshi (Japan), Biotelemetry, Inc. (Us), Osi Systems, Inc. (Us), Btl. (Us), Allengers (India), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Edan Instruments, Inc. (China).

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