What are the recent trends in market size and growth for the diagnostic electrocardiograph market?
The diagnostic electrocardiograph market size has grown strongly in recent years. It will grow from $8.12 billion in 2024 to $8.7 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the aging global population, increased incidence of cardiovascular diseases, rising healthcare expenditure globally, increasing awareness and screening programs for cardiovascular health, and regulatory support for early diagnosis and treatment of cardiac conditions.
The diagnostic electrocardiograph market size is expected to see strong growth in the next few years. It will grow to $11.39 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to the expansion of healthcare infrastructure in emerging markets, regulatory initiatives, rising awareness and proactive health management among consumers, increasing investments in healthcare, and a and a rising geriatric population. Major trends in the forecast period include the integration of artificial intelligence (AI), portable and wireless ECG devices, the adoption of telehealth, advancements in wearable ECG technology, and personalized medicine.
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What are the key forces behind the diagnostic electrocardiograph market’s growth in recent years?
The increasing prevalence of heart disorders globally is expected to propel the growth of the diagnostic electrocardiograph market going forward. Heart disorders encompass a range of conditions affecting the cardiovascular system, from arrhythmias and heart attacks to congenital defects and heart failure. The cases of heart disorders can be attributed to several factors, including aging populations, sedentary lifestyles, and unhealthy dietary habits, which contribute to rising rates of obesity and hypertension, major risk factors for heart conditions. Diagnostic electrocardiography (ECG) plays a crucial role in the increasing prevalence of heart disorders globally by enabling early detection, monitoring, and management of cardiac conditions through non-invasive electrical activity assessments. For instance, in January 2024, according to the American Heart Association, a US-based nonprofit organization, In the cardiovascular sector, there was a slight increase in the total number of deaths this year, reaching 931,578, which represents a marginal rise of 3,000 fatalities compared to the previous year’s figure of 928,741. Therefore, the increasing prevalence of heart disorders globally will drive the growth of the diagnostic electrocardiograph market.
What are the major segments of the diagnostic electrocardiograph market?
The diagnostic electrocardiograph market covered in this report is segmented –
1) By Product And Service: Resting Electrocardiogram (ECG), Stress Electrocardiogram (ECG) Devices, Holter Monitors, Implantable Loop Recorders, Event Monitors, Mobile Cardiac Telemetry (MCT) Devices, Smart Electrocardiogram (ECG) Monitors
2) By Lead Type: 12 Lead, 5 Lead, 3 Lead, Other Lead Types
3) By End-User: Hospitals, Clinics And Cardiac Centers, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Resting Electrocardiogram (ECG): 1-Channel ECG, 3-Channel ECG, 6-Channel ECG, 12-Channel ECG
2) By Stress Electrocardiogram (ECG) Devices: Treadmill Stress ECG, Bicycle Stress ECG, Pharmacological Stress ECG
3) By Holter Monitors: 24-Hour Holter Monitor, 48-Hour Holter Monitor, 7-Day Holter Monitor
4) By Implantable Loop Recorders: Subcutaneous Implantable Loop Recorders, Leadless Implantable Loop Recorders
5) By Event Monitors: Handheld Event Monitors, Wearable Event Monitors
6) By Mobile Cardiac Telemetry (MCT) Devices: Real-Time Monitoring MCT Devices, Non-Real-Time Monitoring MCT Devices
7) By Smart Electrocardiogram (ECG) Monitors: Smart ECG Monitors With Mobile Connectivity, Smart ECG Monitors With Cloud Integration, Wearable Smart ECG Devices
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Which companies dominate the diagnostic electrocardiograph market?
Major companies operating in the diagnostic electrocardiograph market are Koninklijke Philips N.V., GE Healthcare Inc., Suzuken Company Limited, Mindray Medical International Limited, Nihon Kohden Corporation, OSI Systems Inc., Fukuda Denshi Co. Ltd., Midmark Corporation, BTL Group of Companies, BioTelemetry Inc., Spacelabs Healthcare Inc., Welch Allyn Inc., Schiller AG, CardioNet Inc., VectraCor Inc., BPL Limited, SunTech Medical Inc., Mortara Instrument Inc., Allengers Medical Systems Limited, Bionet Co. Ltd., ScottCare Corporation, Nasiff Associates Inc., Compumed Inc., Norav Medical, Nexus Lifecare Pvt. Ltd.
What major trends will shape the diagnostic electrocardiograph market during the forecast period?
Major companies operating in the diagnostic electrocardiograph market are focusing on advanced technologies, such as AI-powered ECG systems, to enhance accuracy and efficiency in diagnosing cardiac conditions. An advanced artificial intelligence system integrated into an ECG device enhances diagnostic accuracy and efficiency in cardiovascular healthcare settings. For instance, in June 2024, AliveCor, a US-based medical technology company, launched its KAI 12L AI technology alongside the Kardia 12L ECG System. This groundbreaking innovation is the world’s first AI capable of detecting critical cardiac conditions, including heart attacks, using a simplified leadset. The new ECG System, leveraging patented technology, represents the world’s first handheld 12-lead ECG system powered by AI, featuring a distinctive single-cable design.
What are the key regional dynamics of the diagnostic electrocardiograph market, and which region leads in market share?
North America was the largest region in the diagnostic electrocardiograph market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the diagnostic electrocardiograph market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Diagnostic Electrocardiograph Market Report 2025 Offer?
The diagnostic electrocardiograph market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A diagnostic electrocardiograph (ECG or EKG) refers to a medical device used to record the electrical activity of the heart over a period of time. It captures the electrical impulses generated by cardiac muscle depolarization, which are then translated into a visual representation (electrocardiogram) on paper or digitally on a screen. Diagnostic ECGs are essential tools in cardiology for assessing heart health, diagnosing various heart conditions such as arrhythmias, ischemia, and myocardial infarction (heart attacks), and monitoring the effectiveness of treatments.
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