Key Factor Supporting ECG Devices Market Development in 2025: Rise In The Prevalence Of Cardiovascular Conditions

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How Large Will the ECG Devices Market Size By 2025?
In recent times, there has been a significant expansion in the ECG devices market. The projection is that it will expand from $6.56 billion in 2024 to $7.46 billion in 2025, with a compound annual growth rate (CAGR) of 13.7%. Factors contributing to this growth during the historical period include a rise in cardiovascular disease, an aging population, increased demand for diagnostic and monitoring, expanding healTH*Care infrastructure, the surge in telemedicine and remote monitoring, as well as home-based healTH*Care.

How Big Is the ECG Devices Market Size Expected to Grow by 2029?
Predictions indicate that the ECG devices market is poised for rapid expansion in the coming years, with a compound annual growth rate (CAGR) of 13.4%, potentially reaching $12.32 billion by 2029. This growth may be driven by factors like the rising emphasis on early detection of cardiac arrhythmias, personalized treatment tactics, the need for an interconnected healTH*Care system, market expansion in emerging economies, non-invasive heart monitoring, and a refocused attention on healTH*Care post-pandemic. The forecast period also forecasts trends such as the development of portable and wearable ECG devices, the integration of ECG with telehealth and remote consultations, AI and machine learning adoption, technological enhancements, and the adoption of internet of things (IoT) in healTH*Care.

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Which Key Market Drivers Powering ECG Devices Market Expansion and Growth?
The surge in cardiovascular ailments is predicted to stimulate the expansion of the ECG devices market in the future. Cardiovascular disease ranks as one of the most prevalent health issues, and it remains the top cause of death worldwide. An electrocardiogram (ECG or EKG), which tracks the heart's electrical signal, is employed to diagnose diverse heart conditions. Electrodes are positioned on the chest to monitor the electrical impulses generated by the heart, triggering its rhythmic beat. For example, in May 2024, the Centers for Disease Control and Prevention (CDC), a US government agency, reported that heart disease claimed 702,880 lives in the United States in 2022, accounting for 1 in every 5 fatalities. As a result, the escalating occurrence of cardiovascular disorders such as hypertensive heart disease, stroke, peripheral artery diseases, and ischemic heart disease (IHD) fuels the growth of the ECG devices market throughout the projected period.

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Which Fast-Growing Trends Are Poised to Disrupt the ECG Devices Market?
The key emerging trend in the ECG devices market is the development of high-tech solutions by leading companies. These companies are focusing on creating technologically superior offerings to maintain their market dominance. For example, Royal Philips, a global conglomerate based in the Netherlands, introduced a 12-lead electrocardiogram (ECG) solution for home use in decentralized clinical trials in January 2022. This home-based solution allows trial participants to capture data equivalent in quality to site-dependent ECGs at home using the PCA 500 ECG patch data recording technology. The innovative body-wearable patch of the solution eliminates the need for regular site visits, on-site technicians, or home nurses, and provides compliant 12-lead ECG placement alongside near-instantaneous, highly secure data transmission.

What Are the Emerging Segments in the ECG Devices Market?
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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Who Are the Global Leaders in the ECG Devices Market?
Major companies operating in the ECG devices market include GE HealTH*Care Technologies Inc., Koninklijke Philips N.V., Spacelabs HealTH*Care 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 HealTH*Care 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 HealTH*Care, Medical International Limited, Shenzhen Bio-Medical Electronics Co. Ltd.

Which are the Top Profitable Regional Markets for the ECG Devices Industry?
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.

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