Press release
Electrocardiograph (ECG) Market to reach USD 16.08 Bn at CAGR 7.2% | Philips Healthcare, GE Healthcare, Medtronic
Electrocardiograph (ECG) Market
An electrocardiogram (ECG) is a test used to inspect the functioning of the heart by measuring the electrical activity of the heart. An ECG measures and registers the electrical activity that goes through the heart. An ECG may be suggested if a patient is feeling arrhythmia, chest pain, or palpitations, and an abnormal ECG result can be a signal of several different heart conditions. The key factors bolstering the market growth include increasing cases of cardiovascular diseases, increasing usage of remote monitoring devices, and rapid technological advancements.
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Additionally, key players in the ECG market are focusing on frequent product developments and approvals, which may substantially drive the market growth during the forecast period. For instance, in 2019, the US Food and Drug Administration (FDA) approved Verily's Study Watch, a wearable medical device that conducts electrocardiograms (ECGs), which measure the electrical activity of the heart and can be used to diagnose several heart conditions.
Players Covered in Electrocardiograph (ECG) market are :
• Philips Healthcare (Netherlands)
• GE Healthcare (United States)
• Medtronic (Ireland)
• Siemens Healthineers (Germany)
• Nihon Kohden Corporation (Japan)
• Schiller AG (Switzerland)
• Mindray Medical International Limited (China)
• Fukuda Denshi Co., Ltd. (Japan)
• Hillrom (United States)
• Cardioline SpA (Italy)
• Edan Instruments, Inc. (China)
• Spacelabs Healthcare (United States)
• Welch Allyn (United States)
• AliveCor (United States)
• Bionet Co., Ltd. (South Korea)
• QRS Diagnostic (United States)
Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market role, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin, while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Electrocardiograph Market.
Market Segmentation
By Type
• Rest ECG Systems
• Stress ECG Systems
• Holter ECG Systems
• Event Recorders
• Other
By Technology
• Portable ECG Systems
• Wireless ECG Systems
By Lead Type
• Single-Lead ECG
• 3-6 Lead ECG
• 12 Lead ECG
By End Users
• Home-Based Users
• Hospitals
• Other
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Market Dynamics And Factors
Drivers
• Increasing Usage Of Remote Monitoring Devices
Opportunities
• Rapid Technological Advancement in Electrograph Devices
Restraints
• High Costs for Purchasing and Maintaining Electrograph Devices
Regional Insights
The North American region dominates the market, followed by the Asia Pacific and Europe. In North America, the United States is expected to hold the major share of the market studied. The United States holds the largest share in the Electrocardiograph (ECG) market, which is majorly due to the high adoption of advanced technologies and the increasing trend for home health care monitoring, and the rising incidence of cardiovascular diseases.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Introspective Market Research delivers comprehensive market research studies, providing valuable insights and strategic guidance to global businesses. We ensure reliable reports for informed decision-making.
Key Industry development -
In June 2024, Toyota Tsusho Corporation has unveiled "LOTUS HEART," Japan's first compact electrocardiograph with telecommunication capabilities, enabling continuous long-term ECG monitoring and remote data analysis via the cloud. Launching in July alongside a community healthcare initiative in Nagoya, the device aims to detect atrial fibrillation early, a major cause of strokes, by streamlining diagnostics and enhancing local healthcare services, contributing to healthier life expectancy.
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Introspective Market Research Private Limited (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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