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Key Trends Shaping the Future ECG Devices Market From 2025-2034: Launch Of Technologically Advanced Solutions

02-21-2025 07:46 AM CET | Health & Medicine

Press release from: The Business Research Company

ECG Devices Market

ECG Devices Market

How Are the key drivers contributing to the expansion of the ecg devices market?
The escalation in the occurrence of ailments related to the cardiovascular system is predicted to spur the expansion of the ECG (electrocardiogram) devices market. Cardiovascular health conditions, a leading global cause of death, are amongst the most prevalent health issues. An electrocardiogram (also known as EKG) is utilized to monitor various heart diseases by tracking the heart's electrical activity via electrodes placed on the chest. For example, as per the Centers for Disease Control and Prevention (CDC), a US governmental organization, heart disease was the cause behind 702,880 fatalities in the United States in 2022, accounting for 1 in every 5 deaths. Consequently, the rise in cardiovascular conditions like hypertensive heart disease, stroke, peripheral artery diseases, and ischemic heart disease (IHD) fuels the ECG devices market growth for the forecast period.

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What growth opportunities are expected to drive the ecg devices market's CAGR through 2034?
In recent times, the market size for ECG devices has experienced a swift expansion. It is forecasted to increase from a value of $6.56 billion in 2024 to $7.46 billion in 2025, equating to a compound annual growth rate (CAGR) of 13.7%. Factors contributing to this growth during the historical period include high instances of cardiovascular diseases, increased aging population, the need for monitoring and diagnostic services, advancements in healthcare facilities, the rise of telemedicine and remote monitoring, as well as the preference for home-based healthcare.

In the coming years, the ECG devices market is predicted to experience a significant expansion. The forecasted market size by 2029 is set to reach $12.32 billion with a compound annual growth rate (CAGR) of 13.4%. This growth within the forecast period is announced due to several factors: a rise in the early diagnosis of cardiac arrhythmias, a focus on personalized medicine and treatments, the increasing requirement for a connected health ecosystem, expanding emerging markets, developments in non-invasive cardiac monitoring, and a shift towards a post-pandemic healthcare approach. Notable trends projected in this timeframe include the growth of portable and wearable ECG devices, the incorporation of ECG in telehealth and distance consultations, the blend of AI and machine learning, technological progression, and the incorporation of IoT in healthcare.

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What are the emerging trends shaping the future of the ecg devices market?
The progression of technology is a noteworthy trend gaining traction in the ECG devices market. Leading companies in this sector prioritize the development of cutting-edge technological solutions to maintain their market significance. For example, in January 2022, Royal Philips, a corporation headquartered in the Netherlands, launched a home-based 12-lead electrocardiogram (ECG) solution intended for decentralized clinical trials. This home-based solution allows trial participants to log data of a caliber similar to ECGs performed on-site, using PCA 500 ECG patch data recording technology. There is no requirement for frequent site visits, on-site technicians, or home nurses due to the innovative body-worn patch which permits 12-lead ECG placement and near instantaneous, highly secure data transmission.

Which growth-oriented segments of the ecg devices market are leading the industry's development?
The ECG devices market covered in this report 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

Subsegments:
1) By Monitoring ECG Systems: Portable ECG Monitors, Holter Monitors, Mobile Cardiac Telemetry Systems, Wearable ECG Monitors
2) By Diagnostic ECG Systems: 12-Lead ECG Machines, Stress Test Systems, Resting ECG Systems, Event Monitors

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What regions are leading the charge in the ecg devices market?
North America was the largest region in the ECG devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the ECG devices market during the forecast period. The regions covered in the ECG devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What companies are at the forefront of innovation in the ecg devices market?
Major companies operating in the ECG devices market include GE Healthcare Technologies Inc., Koninklijke Philips N.V., Spacelabs Healthcare Inc., CardioNet LLC, Schiller AG, Nihon Kohden Corporation, Medtronic plc, OSI Systems Inc., Shenzhen Bio-Medical Electronics Co. Ltd., Hill-Rom Holdings Inc., BPL Medical Technologies Private Limited, Mortara Instrument Inc., General Electric Company, Opto Circuits Limited, Bionet Co. Ltd., Cardiac Science Corporation, Midmark Corporation, Omron Healthcare Inc., Abbott Laboratories, AliveCor Inc., Compumedics Limited, BioTelemetry Inc., Welch Allyn Inc., Natus Medical Incorporated, Innomed Medical Developing and Manufacturing Ltd., Biotronik SE & Co. KG, Fukuda Denshi Co. Ltd., Spacelabs Healthcare, Medical International Limited, Shenzhen Bio-Medical Electronics Co. Ltd.

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What Is Covered In The ECG Devices Global Market Report?

•Market Size Forecast: Examine the ecg devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ecg devices market for a structured understanding.
•Key Players Overview: Analyze major players in the ecg devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ecg devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ecg devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ecg devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the ecg devices market.
•Competitive Landscape: Review strategic developments in the ecg devices market, including expansions, agreements, and new product launches.

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