Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is the Current Market Size and What are the Projected Growth Rates?
The ECG devices market size has witnessed significant expansion in recent years. The market grew from $6.56 billion in 2024 to $7.46 billion in 2025, at a compound annual growth rate (CAGR) of 13.7%. This growth in the historic period can be credited to the prevalent cases of cardiovascular disease, the aging population, evolving healthcare infrastructure, and an increased reliance on telemedicine, remote monitoring, and home-based healthcare.
This market is anticipated to experience further substantial growth, reaching $12.32 billion in 2029 at a CAGR of 13.4%. The forecasted growth is driven by factors such as the increased emphasis on early detection of cardiac arrhythmias, developments in personalized medicine and treatment, emerging markets expansion, adoption of non-invasive cardiac monitoring, and an increased healthcare focus in the post-pandemic era. Significant trends in the forecast period include the incorporation of AI and machine learning, adoption of IoT in healthcare, and the rise in portable and wearable ECG devices.
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What Factors Are Propelling the Growth of the ECG Devices Market?
The increasing incidence of cardiovascular diseases is a key driver of the ECG devices market. Cardiovascular disease is a common health problem and a leading cause of death globally. An ECG measures the electrical signals from the heart to detect potential cardiac diseases.
For example, in May 2024, according to the Centers for Disease Control and Prevention (CDC), heart disease caused 702,880 deaths in the United States in 2022, representing 1 in every 5 deaths. Increasing cardiovascular diseases such as hypertensive heart disease, stroke, peripheral artery diseases, and ischemic heart disease (IHD) are driving the growth of the ECG devices market throughout the forecast period.
What are the Major Market Segments?
The ECG devices market covered in this report is segmented into:
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
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Which Companies are Dominating the ECG Devices Market?
Major companies operating in the ECG devices market include GE Healthcare Technologies Inc., Koninklijke Philips N.V., Spacelabs Healthcare 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 Healthcare 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 Healthcare, Medical International Limited, Shenzhen Bio-Medical Electronics Co. Ltd.
What Trends are Shaping the Future of the ECG Devices Market?
Technological advancements are a key trend influencing the ECG devices market. Several leading companies are focusing on creating technologically advanced solutions. For instance, in January 2022, Royal Philips, a Netherlands-based company, released an at-home 12-lead ECG solution for use in decentralized clinical trials. The solution uses PCA 500 ECG patch data recording technology to facilitate compliant 12-lead ECG recording and secure, near real-time data transfer.
What are the Prominent Regions in the ECG Devices Market?
North America was the largest region in the ECG devices market in 2024. Asia-Pacific is set to be the fastest-growing region during the forecast period. The market report includes a comprehensive regional analysis, covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
How is the ECG Devices Market Defined in 2025’s Market Report?
An ECG (electrocardiogram) is a technique used to record the signal from the heart, used in the detection of heart health issues and for diagnostic purposes. ECG’s are an essential tool as the prevalence of heart diseases rise and the need for early detection becomes increasingly important. The ECG Devices Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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