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The global ECG device market attained a value of USD 7.63 billion in 2023. The market is expected to grow at a CAGR of 5.10% in the forecast period of 2024-2032 to reach USD 11.96 billion by 2032.
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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, 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.
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On the basis of products, the market is divided into:
Based on technology, the industry can be segmented into:
By lead type, the industry is categorised into:
On the basis of end use, the industry is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Products |
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Breakup by Technology |
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Breakup by Lead Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 Global ECG Device Market Analysis
8.1 Key Industry Highlights
8.2 Global ECG Device Historical Market (2018-2023)
8.3 Global ECG Device Market Forecast (2024-2032)
8.4 Global ECG Device Market by Products
8.4.1 Resting Device
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Holter Monitoring System
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Stress Testing System
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Event Monitors
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Smart ECG Monitors
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global ECG Device Market by Technology
8.5.1 Portable
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Wireless
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global ECG Device Market by Lead Type
8.6.1 Single Lead
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 3-Lead
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 5-Lead
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 6-Lead
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 12-Lead
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global ECG Device Market by End Use
8.7.1 Hospital
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Diagnostic Centres
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Clinics
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Ambulatory Surgical Centres
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global ECG Device Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America ECG Device Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe ECG Device Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific ECG Device Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America ECG Device Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa ECG Device Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 General Electric Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Koninklijke Philips N.V.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schiller AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Fukuda Denshi Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Nihon Kohden Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 EDAN Instruments, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 BPL Medical Technologies Private Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global ECG Device Market: Key Industry Highlights, 2018 and 2032
2. Global ECG Device Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global ECG Device Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global ECG Device Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global ECG Device Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global ECG Device Historical Market: Breakup by Lead Type (USD Billion), 2018-2023
7. Global ECG Device Market Forecast: Breakup by Lead Type (USD Billion), 2024-2032
8. Global ECG Device Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global ECG Device Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global ECG Device Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global ECG Device Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America ECG Device Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America ECG Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe ECG Device Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe ECG Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific ECG Device Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific ECG Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America ECG Device Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America ECG Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa ECG Device Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa ECG Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global ECG Device Market Structure
In 2023, the global ECG device market attained a value of nearly USD 7.63 billion.
The market is projected to grow at a CAGR of 5.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 11.96 billion by 2032.
The growing prevalence of cardiovascular diseases, the rising adoption of new technologies in developed countries, and advancements in healthcare facilities in developed countries are the major market drivers.
The increasing use of ECG testing to prevent and manage cardiovascular issues and the introduction of favourable government initiatives aimed at enhancing the accessibility to healthcare are the key trends guiding the market growth.
The major regions in the market 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.
Portable and wireless are the various technologies considered in the ECG devices market report.
The significant lead types in the market are single lead, 3-lead, 5-lead, 6-lead, and 12-lead, among others.
Hospitals, diagnostic centres, clinics, and ambulatory surgical centres, among others, are the various end uses of ECG device.
The major players in the market 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.
The global ECG device market attained a value of USD 7.63 billion in 2023, 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 2024-2032, growing at a CAGR of 5.10%. The market is projected to reach USD 11.96 billion by 2032.
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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