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2025 Electrocardiograph (ECG) Industry Trends Report: Long-Term Outlook Through 2034
Electrocardiograph (ECG)
How Large Will the Electrocardiograph (ECG) Market Size By 2025?
There has been consistent growth in the electrocardiograph (ECG) market over the past few years. The market value is estimated to rise from $8.94 billion in 2024 to $9.55 billion in 2025, representing a compound annual growth rate (CAGR) of 6.8%. The significant growth witnessed in the previous era can be ascribed to triggers such as a rise in heart-related diseases, an aging demographic, augmented awareness, and education, government policies, accompanied by remote patient monitoring.
How Big Is the Electrocardiograph (ECG) Market Size Expected to Grow by 2029?
Over the coming years, the electrocardiograph (ECG) market is projected to witness robust growth. The market is estimated to reach "$13.56 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. Factors such as the rise of telemedicine, customized medicine, emerging markets, preventive healthcare measures, and regulatory backing contribute to the growth in the forecast period. Some of the notable trends for the same period are wearables tech, data analytics, AI, improved integration with healthcare IT, technological progression, and the incorporation of AI and data analytics.
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Which Key Market Drivers Powering Electrocardiograph (ECG) Market Expansion and Growth?
The electrocardiograph (ECG) market is anticipated to grow due to the increasing incidence of cardiovascular disorders. Cardiovascular disease, which affects the heart and blood vessels, encompasses several conditions such as coronary artery disease, heart failure, arrhythmias, and heart valve issues. ECGs are vital in diagnosing, treating, and managing these various heart ailments as they enable doctors to assess the heart's electrical activity and discern anomalies suggestive of a heart problem. ECGs are an integral component of the diagnostic regimen for many heart-related conditions and their ongoing necessity for treatments contributes to market growth. For example, the Centers for Disease Control and Prevention (CDC) reported in 2022 that heart disease led to over 659,000 deaths in the United States, representing one in every four deaths. Thus, the upturn in cardiovascular disease cases will propel the advancement of the electrocardiograph (ECG) market.
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Which Fast-Growing Trends Are Poised to Disrupt the Electrocardiograph (ECG) Market?
The electrocardiograph (ECG) market is seeing a rising trend in technological innovations. Leading corporations in the sector are making strides in developing sophisticated solutions to maintain their market dominance. For example, in January 2022, Royal Philips, a conglomerate from the Netherlands, rolled out a 12-lead electrocardiogram (ECG) at-home solution targeted at decentralized clinical trials. This at-home offering allows trial participants to capture data at par with on-site ECGs without stepping out of their homes, achieved through the use of PCA 500 ECG patch data recording technology. The unique wearable patch eliminates the need for regular site appointments, on-site technicians or visiting nurses, allowing the compliant 12-lead ECG implantation and nearly instantaneous, highly secure data transmission.
What Are the Emerging Segments in the Electrocardiograph (ECG) Market?
The electrocardiograph (ECG) market covered in this report is segmented -
1) By Product: Holter Monitors, Resting Electrocardiograph (ECG), Stress Electrocardiograph (ECG), Event Recorders, Other Products
2) By Technology: Portable ECG Systems, Wireless ECG Systems
3) By Lead Type: Single Lead ECG, 2 Lead ECG, 3 Lead ECG, 6 Lead ECG, 12-Lead ECG
4) By End User: Hospitals And Clinics, Home Settings And Ambulatory Surgical Centers (ASCs), Other End Users
Subsegments:
1) By Holter Monitors: 24-Hour Holter Monitors, 48-Hour Holter Monitors, 7-Day Holter Monitors
2) By Resting Electrocardiograph (ECG): Single-Channel Resting ECG, Multi-Channel Resting ECG
3) By Stress Electrocardiograph (ECG): Treadmill Stress ECG, Pharmacological Stress ECG
4) By Event Recorders: Handheld Event Recorders, Implantable Loop Recorders
5) By Other Products: Mobile ECG Monitors, Telemetry ECG Systems, Accessories
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Who Are the Global Leaders in the Electrocardiograph (ECG) Market?
Major companies operating in the electrocardiograph (ECG) market include Koninklijke Philips N.V., Nihon Kohden Corporation, Schiller AG, AliveCor Inc., BPL Medical Technologies, Allengers Medical Systems Limited, OSI Systems Inc., Fukuda Denshi Co. Ltd., Mindray Bio-Medical Electronics Co. Ltd., Johnson and Johnson, Mortara Instrument Inc., Medtronic Plc, BioTelemetry, General Electric Company, Philips Healthcare, Siemens Healthineers, Spacelabs Healthcare, Compumedics Limited, Bionet Co. Ltd., Edan Instruments Inc., Norav Medical, QRS Diagnostic, Biotronik company, Schwarzer Cardiotek GmbH, Mega Electronics Ltd., Seers Medical, LivaNova plc, Wuhan Union Hospital Medical Equipment Co. Ltd.
Which are the Top Profitable Regional Markets for the Electrocardiograph (ECG) Industry?
North America was the largest region in the electrocardiograph (ECG) market in 2024. The regions covered in the electrocardiograph (ECG) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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