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Global ECG Devices Market 2023 International Expansion, Growth Rate, Industry Share And Forecast To 2032 | Major Players Are Reishauer AG, Nidec Corporation, DMG Mori Aktiengesellschaft, DVS Technology Group, EMAG
ECG Devices Market
The Business Research Company's ECG Devices Global Market Report 2023 identifies increase in incidence of cardiovascular diseases as the major driver for the ECG Devices Market's growth in the forecast period. 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 market size of global ECG devices is expected to grow to $7.89 billion in 2027 at a CAGR of 9.4%.
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Major competitors 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.
A key trend in the ECG Devices Market includes launch of advanced ECG devices. Major companies operating in the ECG devices sector are focused on developing technological solutions for ECG devices to strengthen their position. For instance, in September 2020, AliveCor, a US FDA-cleared personal electrocardiogram (ECG) technology company launched a clinically validated personal ECG device based on KardiaMobile 6L technology. In just 30 seconds, individuals can record a medical-grade ECG using this device. It is small enough to slip into a pocket. Users can use their smartphones to monitor their heartbeats.
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The ECG Devices Market is segmented -
By Product: Monitoring ECG Systems, Diagnostic ECG Systems
By Technology: Portable ECG Systems, Wireless ECG Systems
By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG
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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