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Global ECG Device Market: By Products: Resting Device, Holter Monitoring System, Stress Testing System, Event Monitors, Smart ECG Monitors, Others; By Technology; By Lead Type; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global ECG Device Market Outlook

The global ECG device market attained a value of USD 6.7 billion in 2019. The market is expected to grow at a CAGR of 4% in the forecast period of 2020-2025 to reach USD 9 billion by 2025.

 

The Asia Pacific Region to Witness the Fastest Growth in the ECG Device Industry, Owing to the Rising Population Suffering from Cardiovascular Diseases

Region-wise, the North America region is a significant market for ECG device. Within North America, the United States is expected to be a major market owing to the high adoption rate of new technology in the country. The ECG device industry in the Asia Pacific is expected to witness the highest rate of growth within the forecast period. This can be attributed to the large population within the region, which is suffering from cardiovascular diseases and the rise in the emerging manufacturers that are offering ECG devices at competitive prices. The market for ECG device is further boosted by the global prevalence of chronic diseases. The chronic diseases cause more diseases; as a result, the healthcare industry is forced to adopt new paradigm of medical care and advanced healthcare facilities to propel the market growth for new technologies, like ECG device.

 

ECG Device: Industry Definition and Segmentation

ECG device, also known as an electrocardiogram, is an instrument that records the heart activities via electric signals and shows it in an amplified form on the ECG monitor. ECG device assists in identifying the appropriate therapy required for the patient as it diagnoses the types of heart diseases and arrhythmias present in a person's body.

On the basis of products, the market is divided into:

Based on technology, the industry can be segmented into:

  • Portable
  • Wireless

By lead type, the industry is categorised into:

  • Single Lead
  • 3-Lead
  • 5-Lead
  • 6-Lead
  • 12-Lead
  • Others

On the basis of end use, the industry is divided into:

  • Hospital
  • Diagnostic Centres
  • Clinics
  • Ambulatory Surgical Centres
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Incidences of Cardiovascular Diseases to Aid the Global Market Growth of ECG Device

The market for ECG device is being driven by the rising cases of cardiovascular diseases across the globe. It is one of the most common health problems and the leading cause of deaths across the globe. Since these diseases have become so common currently, the doctors recommend the ECG test to prevent the risk related to the heart disease in people who are subjected to the factors causing heart disease. All these factors are propelling the market growth of ECG device.

 

Key Industry Players in the Global ECG Device Market

The report gives a detailed analysis of the following key players in the global ECG device market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • General Electric Company
  • Koninklijke Philips N.V.
  • Schiller AG
  • Fukuda Denshi Co., Ltd.
  • Nihon Kohden Corporation
  • EDAN Instruments, Inc.
  • BPL Medical Technologies Private Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global ECG Device Market Analysis

    8.1    Key Industry Highlights
    8.2    Global ECG Device Historical Market (2015-2019) 
    8.3    Global ECG Device Market Forecast (2020-2025)
    8.4    Global ECG Device Market by Products
        8.4.1    Resting Device
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Holter Monitoring System
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Stress Testing System
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Event Monitors
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Smart ECG Monitors
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Others
    8.5    Global ECG Device Market by Technology
        8.5.1    Portable
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Wireless
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
    8.6    Global ECG Device Market by Lead Type
        8.6.1    Single Lead
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    3-Lead
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    5-Lead
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    6-Lead
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    12-Lead
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2015-2019)
            8.6.5.3    Forecast Trend (2020-2025)
        8.6.6    Others
    8.7    Global ECG Device Market by End Use
        8.7.1    Hospital
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Diagnostic Centres
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
        8.7.3    Clinics
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2015-2019)
            8.7.3.3    Forecast Trend (2020-2025)
        8.7.4    Ambulatory Surgical Centres
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2015-2019)
            8.7.4.3    Forecast Trend (2020-2025)
        8.7.5    Others
    8.8    Global ECG Device Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    General Electric Company
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Koninklijke Philips N.V.
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Schiller AG
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    Fukuda Denshi Co., Ltd.
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Nihon Kohden Corporation
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    EDAN Instruments, Inc.
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Certifications
        12.3.7    BPL Medical Technologies Private Limited
            12.3.7.1    Company Overview
            12.3.7.2    Product Portfolio
            12.3.7.3    Demographic Reach and Achievements
            12.3.7.4    Certifications
        12.3.8    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global ECG Device Market: Key Industry Highlights, 2015 and 2025
2.    Global ECG Device Historical Market: Breakup by Product (USD Billion), 2015-2019
3.    Global ECG Device Market Forecast: Breakup by Product (USD Billion), 2020-2025
4.    Global ECG Device Historical Market: Breakup by Technology (USD Billion), 2015-2019
5.    Global ECG Device Market Forecast: Breakup by Technology (USD Billion), 2020-2025
6.    Global ECG Device Historical Market: Breakup by Lead Type (USD Billion), 2015-2019
7.    Global ECG Device Market Forecast: Breakup by Lead Type (USD Billion), 2020-2025
8.    Global ECG Device Historical Market: Breakup by End Use (USD Billion), 2015-2019
9.    Global ECG Device Market Forecast: Breakup by End Use (USD Billion), 2020-2025
10.    Global ECG Device Historical Market: Breakup by Region (USD Billion), 2015-2019
11.    Global ECG Device Market Forecast: Breakup by Region (USD Billion), 2020-2025
12.    North America ECG Device Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    North America ECG Device Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Europe ECG Device Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Europe ECG Device Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Asia Pacific ECG Device Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Asia Pacific ECG Device Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Latin America ECG Device Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Latin America ECG Device Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Middle East and Africa ECG Device Historical Market: Breakup by Country (USD Billion), 2015-2019
21.    Middle East and Africa ECG Device Market Forecast: Breakup by Country (USD Billion), 2020-2025
22.    Global ECG Device Market Structure

Key Questions Answered in the Report

In 2019, the global ECG device market attained a value of nearly USD 6.7 billion.

The market is projected to grow at a CAGR of 4% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 9 billion by 2025.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising prevalence of chronic diseases, and growing number of emerging manufacturers, are expected to aid the market growth.

The key trends guiding the growth of the market include the high rate of adoption of new technology and advanced healthcare facilities.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading products of ECG device in the market are resting device, Holter monitoring system, stress testing system, event monitors, and smart ECG monitors, among others.

The major technologies in the industry are portable and wireless.

The significant lead types in the market are single lead, 3-lead, 5-lead, 6-lead, and 12-lead, among others.

The leading end use sectors in the industry are hospital, diagnostic centres, clinics, and ambulatory surgical centres, among others.

The major players in the industry are General Electric Company, Koninklijke Philips N.V., Schiller AG, Fukuda Denshi Co., Ltd., Nihon Kohden Corporation, EDAN Instruments, Inc., and BPL Medical Technologies Private Limited, among others.

Analyst Review

The global ECG device market attained a value of USD 6.7 billion in 2019, driven by the rising healthcare sector. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4%. The market is projected to reach USD 9 billion by 2025.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the market is segmented into resting device, Holter monitoring system, stress testing system, event monitors, and smart ECG monitors, among others. By technology, the industry is bifurcated into portable and wireless. On the basis of lead type, the industry is divided into single lead, 3-lead, 5-lead, 6-lead, and 12-lead, among others. Based on end use, the industry is categorised into hospital, diagnostic centres, clinics, and ambulatory surgical centres, among others. The major regional markets for ECG device are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include General Electric Company, Koninklijke Philips N.V., Schiller AG, Fukuda Denshi Co., Ltd., Nihon Kohden Corporation, EDAN Instruments, Inc., and BPL Medical Technologies Private Limited, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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