ecg monitoring equipment market overview, ecg monitoring equipment market forecast, ecg monitoring equipment market growth, ecg monitoring equipment market trends, ecg monitoring equipment market size, ecg monitoring equipment market share, ecg monitoring equipment market analysis
What is the current market size and future outlook for the ecg monitoring equipment market?
The ECG monitoring equipment market size has grown strongly in recent years. It will grow from $4.92 billion in 2024 to $5.29 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in the demand for early diagnosis, rise in the number of health insurance policies, growth in the number of healthcare facilities, rise in the demand for portable and wearable ECG devices, and growth in the focus on personalized healthcare services.
The ECG monitoring equipment market size is expected to see strong growth in the next few years. It will grow to $7.01 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing healthcare investments, increasing geriatric population growth, rising awareness of preventive healthcare, growing demand for telemedicine, and increasing prevalence of cardiovascular diseases. Major trends in the forecast period include technological advancements, telemedicine, wearable ECG monitors, diagnostic devices, and home-based monitoring.
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How has the ecg monitoring equipment market evolved, and what factors have shaped its growth?
The increase in the incidence of cardiovascular diseases is expected to propel the growth of the ECG monitoring equipment market going forward. Cardiovascular diseases (CVD) are a group of disorders affecting the heart and blood vessels, including conditions such as heart disease, stroke, and high blood pressure. The increase in the incidence of cardiovascular diseases is due to factors such as unhealthy lifestyles, poor diet, lack of physical activity, increasing obesity, aging populations, and higher prevalence of risk factors like hypertension and diabetes. ECG monitoring equipment helps cardiovascular disease patients by providing continuous and real-time data on heart activity, enabling early detection of irregularities, timely intervention, and effective management of conditions such as arrhythmias, heart failure, and ischemic heart disease, ultimately improving patient outcomes and reducing the risk of severe complications. For instance, in September 2024, according to the data published by the British Heart Foundation, a UK-based cardiovascular research charity, in the UK, approximately 7.6 million people are affected by heart and circulatory diseases, with around 4 million males and 3.6 million females living with these conditions. These diseases are responsible for about 27% of all deaths in the UK, translating to over 170,000 deaths annually, or roughly 480 deaths each day, equating to one death every three minutes. Therefore, the increase in the incidence of cardiovascular diseases will drive the ECG monitoring equipment market.
What are the major segments of the ecg monitoring equipment market?
The ECG monitoring equipment market covered in this report is segmented –
1) By Product Type: Resting Electrocardiogram System, Holter Monitor Systems, Stress Electrocardiogram Monitors, Event Monitoring System, Other Product Types
2) By Technology: Wireless, Wired
3) By End User: Hospitals, Ambulatory Care, Other End Users
Subsegments:
1) By Resting Electrocardiogram System: Single-lead ECG Systems, Multi-lead ECG Systems
2) By Holter Monitor Systems: 24-hour Holter Monitors, 48-hour Holter Monitors, 72-hour Holter Monitors
3) By Stress Electrocardiogram Monitors: Treadmill Stress ECG Monitors, Exercise Stress ECG Monitors, Pharmacological Stress ECG Monitors
4) By Event Monitoring System: Wireless Event Monitors, Mobile Event Monitors
5) By Other Product Types: Implantable Loop Recorders (ILR), Wearable ECG Monitors
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Which companies dominate the ecg monitoring equipment market?
Major companies operating in the ECG monitoring equipment market are General Electric Company, Koninklijke Philips N.V., Mindray Medical International Limited, Nihon Kohden Corporation, Spacelabs Healthcare, Welch Allyn Inc., Fukuda Denshi Co. Ltd., iRhythm Technologies Inc., Schiller AG, BPL Medical Technologies Pvt Ltd, AliveCor Inc., Mortara Instrument Inc., Neurosoft Ltd., Allengers Medical Systems Ltd., Opto Circuits (India) Limited, Customed GmbH, Bionet, ACS Diagnostics Inc., Clarity Medical, CORTEX Biophysik GmbH, Norav Medical Ltd.
How will evolving trends contribute to the growth of the ecg monitoring equipment market?
Major companies operating in the ECG monitoring equipment market are focusing on advanced products, such as reusable ECG patches which offer enhanced comfort, longer wearability, and continuous monitoring capabilities, thereby improving patient adherence and enabling more accurate long-term cardiac assessments. Reusable ECG monitoring equipment refers to devices designed for continuous or intermittent monitoring of heart activity that can be cleaned, sterilized, and reused multiple times. For instance, in May 2024, Vivalink, a Canada-based company that manufactures wearable medical devices launched a turnkey ambulatory cardiac monitoring solution. This is a ready-to-use system tailored for remote cardiac health monitoring in ambulatory settings. The key features often include reusable ECG patches with long battery life and ample data storage capacity, mobile apps for seamless real-time data transmission, and clinician portals for detailed analysis and customizable reporting. The primary goal is to simplify the deployment of cardiac monitoring services, enhance diagnostic precision, improve patient outcomes, and minimize operational challenges and costs for healthcare providers.
What are the key regional dynamics of the ecg monitoring equipment market, and which region leads in market share?
North America was the largest region in the ECG monitoring equipment market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ECG monitoring equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The ECG Monitoring Equipment Market Report 2025 Offer?
The ecg monitoring equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
ECG monitoring equipment refers to medical devices used to measure and record the electrical activity of the heart over a period of time. It detects heart rhythms, electrical impulses, and the overall function of the heart, aiding in the diagnosis of heart related conditions.
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