Global ECG Devices Market Size, Share, Industry Trends, Demand and Growth Analysis by 2032

The Business Research Company's ECG Devices Global Market Report 2023 identifies a the increase in incidence of cardiovascular diseases is expected to boost the demand for the ECG devices market over the coming years. Cardiovascular disease is one of the most common of all health problems and the leading cause of death globally. To check for various cardiac diseases, an electrocardiogram (ECG or EKG) measures the electrical signal from the heart. Electrodes are set on the chest to record the electrical signals sent by the heart, which cause it to beat.

The global ECG devices market size grew from $5.02 billion in 2022 to $5.5 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ECG devices market size is expected to grow to $7.89 billion in 2027 at a CAGR of 9.4%.

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Major players in the ECG devices market are GE Healthcare, Koninklijke Philips N.V., Spacelabs Healthcare, CardioNet Inc., Schiller AG, Nihon Kohden Corporation, Medtronic PLC, OSI Systems, Mindray Medical International Limited, Hill-Rom Holdings Inc., BPL Medical Technologies, and Mortara Instrument Inc.

The increase in incidence of cardiovascular diseases is expected to boost the demand for the ECG devices market over the coming years. Cardiovascular disease is one of the most common of all health problems and the leading cause of death globally. To check for various cardiac diseases, an electrocardiogram (ECG or EKG) measures the electrical signal from the heart. Electrodes are set on the chest to record the electrical signals sent by the heart, which cause it to beat. According to the Centers for Disease Control and Prevention, heart disease is the major cause of death in the USA, accounting for almost 647,000 deaths per year. Thus, increasing cardiovascular diseases such as hypertensive heart disease, stroke, peripheral artery diseases, and ischemic heart disease (IHD) drives the growth of the ECG devices market.

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The ECG Devices market is segmented -
1) By Product: Monitoring ECG Systems, Diagnostic ECG Systems

2) By Technology: Portable ECG Systems, Wireless ECG Systems

3) By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG

4) By End User: Hospitals, Homecare Settings, Other End-Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the ECG Devices market.

The Business Research Company's "Global ECG Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The ECG Devices Market Include:
1. Executive Summary
2. ECG Devices Market Characteristics
3. ECG Devices Market Trends And Strategies
4. ECG Devices Market - Macro Economic Scenario
5. ECG Devices Market Size And Growth
.....
26. Africa ECG Devices Market
27. ECG Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The ECG Devices Market
29. ECG Devices Market Future Outlook and Potential Analysis
30. Appendix

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