ECG Equipment Market, By Types (Holter Monitoring Systems, Stress ECG Monitors, Resting ECG Systems, Event Monitoring Systems, and ECG Management Systems), By End User (Hospitals & Clinics, and Ambulatory Facilities), and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share, Trends, & Forecast from 2020-2026
|
Report ID
AV599
|
Published Date
May 2020
|
Pages
199
|
Industry
Healthcare
|
|
|
Base Year
2025
|
Historical Data
2019-2024
|
Delivery Timeline
24 Hour
|
REPORT HIGHLIGHT
ECG equipment market was valued at USD 5.68 billion by 2019, growing with 5.6% CAGR during the forecast period, 2020-2026
An electrocardiogram or ECG is defined as a graphical noting of the cardiac cycle formed by heart with the help of an electrocardiograph. This electrocardiograph translates the electrical activity of the heart into line tracing on the paper. An ECG picks up and translates the electrical impulses into a waveform, which are generated by the depolarization and polarization of cardiac tissue. This line is represented in dips and spikes form and is called as waves. Thus, the impulse formed by the heart is detected with the help of an ECG. The main purpose of an ECG is to detect heart problems and it is also used to identify the cause of symptoms such as palpitation and chest pain with the help of an ECG equipment. The ECG equipment is a medical device or a machine specially designed to measure heart rates. An ECG equipment can vary in function and size depending upon the requirements.
Market Dynamics
The growing prevalence of cardiovascular disease is one of the major factors driving the growth of the global ECG equipment market. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the primary cause of deaths all across the globe. WHO has estimated that around 23.6 million people will die from cardiovascular diseases, mainly from heart diseases and stroke by 2030. Moreover, this will propel the demand for ECG equipment in the coming years as the number of ECG tests conducted by people is susceptible to heart diseases.
Additionally, technological advancements in ECG equipment, favorable government policies, and a rise in the geriatric population are other factors impelling market growth. Conversely, economic slowdown and unfavorable reimbursement policies are predicted to impede market growth in the coming future. On the other hand, the industry players of the market are focusing on developing improved and error-free ECG devices, which will create lucrative growth opportunities during the forecast period.
Types Takeaway
In terms of types, the ECG equipment market is categorized into resting ECG systems, Holter monitoring systems, stress ECG monitors, ECG management systems, and event monitoring systems. Among these, the resting ECG management category subjugated the global industry in 2019 and is projected to witness noteworthy growth during the forecast period. This is mainly owing to technological advancements in monitoring equipment with wireless technologies, enhanced connectivity, and algorithms. In addition, the accuracy of resting ECG systems and increased patient satisfaction are other factors anticipated to propel the segmental market growth in the projected timeframe.
On the other hand, the Holter monitoring systems segment is estimated to grow exponentially during the forecast period. This is because the data generated from these systems are utilized in the early detection of cardiac abnormalities such as ischemia. Besides, the holter monitors deliver prompt and accurate results.
End-User Takeaway
By end-user, the worldwide market is bifurcated into hospitals & clinics and ambulatory facilities. Of these, the hospitals & clinics segment is anticipated to surge the demand for the mounting ECG equipment market. The penetration of these systems is high in hospital settings because a large number of hospitals all over the world are moving towards computerization in order to maintain ECG records. Also, huge investments are made by the major market players of the industry in data management systems to effectively modernize the workflow in hospitals. On the other hand, the ambulatory facilities segment is estimated to rise at a significant CAGR by the end of 2026 owing to the increasing adoption of technologically advanced ECG equipment.
Regional Takeaway
Regionally, the global industry is divided into Europe, North America, Middle East & Africa, Asia Pacific, and Latin America. The North America region accounted for the majority of market share in 2019 and is expected to dominate the market throughout the forecast. This dominance is majorly attributed to a surge in funding for researchers and rising technology innovations in this region. Furthermore, the launch of the American Heart Association (AHA)’s complementary “Mission- Lifeline” and American College of Cardiology’s (ACC) door-to-balloon (D2B) time initiative is projected to increase product demand for Bluetooth-equipped ECG monitors. Besides, the industry players of the North America region are expanding their presence in other emerging economies to hold a strong market position.
The Asia-Pacific market for ECG equipment is anticipated to grow at the fastest pace during the period of forecast owing to rising occurrences of cardiovascular diseases and the growing elderly population. Besides, the ability of digital ECG equipment to store a large number of readings and its low costs and accurate results is gaining popularity in this region, which is expected to impel the regional market growth by 2026.
COVID-19 Impact
Due to the sudden outbreak of COVID-19, many companies in the ECG equipment market are taking suggestive steps and struggling to tackle the challenges. In order to mitigate the impact of COVID-19 on the company revenue, the major market players of the industry are involved in extensive research about coronavirus and implementing various alternative methods to sustain. However, the global ECG equipment market is anticipated to grow at a healthy rate, post-coronavirus pandemic.
Key Vendor Takeaway
The leading players operating in the global ECG equipment market include Spacelabs Healthcare, Welch Allyn, McKesson Corporation, CardioComm Solutions, Inc., Meditech Equipment Co., Ltd., Device Technologies, BioTelemetry, Inc., GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Hill-Rom, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., Schiller, ZOLL Medical Corporation, medical ECONET, and CompuMed, Inc.
In August 2018, Schiller launched its ECG device namely, ‘CARDIOVIT AT-102 G2,’ which makes a substantial leap in electrocardiography in a single swift action. This is the latest generation of ECG devices that features state-of-the-art technology, ease of use, extremely high operation speed, and bi-directional WiFi communication to send the ECG.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ECG EQUIPMENT MARKET KEY PLAYERS
- NIHON KOHDEN CORPORATION
- Koninklijke Philips N.V.
- Spacelabs Healthcare
- Welch Allyn
- McKesson Corporation
- CardioComm Solutions, Inc.
- Meditech Equipment Co., Ltd.
- Device Technologies
- BioTelemetry, Inc.
- GE Healthcare
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Hill-Rom
- Schiller AG
- ZOLL Medical Corporation
- Medical ECONET
- CompuMed, Inc.
GLOBAL ECG EQUIPMENT MARKET, BY TYPES
- Holter Monitoring Systems
- Stress ECG Monitors
- Resting ECG Systems
- Event Monitoring Systems
- ECG Management Systems
GLOBAL ECG EQUIPMENT MARKET, BY END USER
- Hospitals and Clinics
- Ambulatory Facilities
- Others
GLOBAL ECG EQUIPMENT MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. ECG EQUIPMENT MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.1.2. Market Snippet by End User
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. ECG EQUIPMENT KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ECG EQUIPMENT INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. ECG EQUIPMENT MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. ECG EQUIPMENT MARKET – BY TYPES
6.1. Overview
6.1.1. Segment Share Analysis, By Types, 2019 & 2026 (%)
6.2. Holter Monitoring Systems
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Stress ECG Monitors
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.4. Resting ECG Systems
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.5. Event Monitoring Systems
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.6. ECG Management Systems
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. ECG EQUIPMENT MARKET – BY END USER
7.1. Overview
7.1.1. Segment Share Analysis, By End User, 2019 & 2026 (%)
7.2. Hospitals and Clinics
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Ambulatory Facilities
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. ECG EQUIPMENT MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.2.4. North America Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.2.5. North America Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.3.5. Europe Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.5.5. Asia Pacific Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Spacelabs Healthcare
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Types Benchmarking
9.1.4. Strategic Initiatives
9.2. Welch Allyn
9.3. McKesson Corporation
9.4. CardioComm Solutions, Inc.
9.5. Meditech Equipment Co., Ltd.
9.6. Device Technologies
9.7. BioTelemetry, Inc.
9.8. GE Healthcare
9.9. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
9.10. Hill-Rom
9.11. NIHON KOHDEN CORPORATION
9.12. Koninklijke Philips N.V.
9.13. Schiller AG
9.14. ZOLL Medical Corporation
9.15. Medical ECONET
9.16. CompuMed, Inc.
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE ECG Equipment market: Types Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Types
TABLE Global ECG Equipment market, by Types 2015-2026 (USD Million)
TABLE ECG Equipment market: End User Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by End User
TABLE Global ECG Equipment market, by End User 2015-2026 (USD Million)
TABLE ECG Equipment market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global ECG Equipment market, by Region 2015-2026 (USD Million)
TABLE North America ECG Equipment market, by Country, 2015-2026 (USD Million)
TABLE North America ECG Equipment market, by Types, 2015-2026 (USD Million)
TABLE North America ECG Equipment market, by End User, 2015-2026 (USD Million)
TABLE Europe ECG Equipment market, by Country, 2015-2026 (USD Million)
TABLE Europe ECG Equipment market, by Types, 2015-2026 (USD Million)
TABLE Europe ECG Equipment market, by End User, 2015-2026 (USD Million)
TABLE Asia Pacific ECG Equipment market, by Country, 2015-2026 (USD Million)
TABLE Asia Pacific ECG Equipment market, by Types, 2015-2026 (USD Million)
TABLE Asia Pacific ECG Equipment market, by End User, 2015-2026 (USD Million)
TABLE Latin America ECG Equipment market, by Country, 2015-2026 (USD Million)
TABLE Latin America ECG Equipment market, by Types, 2015-2026 (USD Million)
TABLE Latin America ECG Equipment market, by End User, 2015-2026 (USD Million)
TABLE Middle East and Africa ECG Equipment market, by Country, 2015-2026 (USD Million)
TABLE Middle East and Africa ECG Equipment market, by Types, 2015-2026 (USD Million)
TABLE Middle East and Africa ECG Equipment market, by End User, 2015-2026 (USD Million)
List of Figures
FIGURE ECG Equipment market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Types segment market share analysis, 2019 & 2026
FIGURE Types segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Holter Monitoring Systems market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Stress ECG Monitors market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Resting ECG Systems market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Event Monitoring Systems market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE ECG Management Systems market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE End User segment market share analysis, 2019 & 2026
FIGURE End User segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Hospitals and Clinics market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Ambulatory Facilities market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America ECG Equipment market share and leading players, 2018
FIGURE Europe ECG Equipment market share and leading players, 2018
FIGURE Asia Pacific ECG Equipment market share and leading players, 2018
FIGURE Latin America ECG Equipment market share and leading players, 2018
FIGURE Middle East and Africa ECG Equipment market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe ECG Equipment market share analysis by country, 2018
FIGURE Germany ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific ECG Equipment market share analysis by country, 2018
FIGURE India ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America ECG Equipment market share analysis by country, 2018
FIGURE Brazil ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa ECG Equipment market share analysis by country, 2018
FIGURE Saudi Arabia ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates ECG Equipment market size, forecast and trend analysis, 2015 to 2026 (USD Million)
Related Reports
Credibility and Certifications
Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.
ISO 9001:2015
ESOMAR Corporate
GDPR Compliance
D-U-N-S Registered
BBB Accreditation
MRS
