Electrocardiograph (ECG) Market Size, Share, Growth Trends And Forecast 2024-2033

Overview and Scope

An electrocardiograph (ECG) is a medical device that is used to record the heart’s electrical activity over time. It is used to record the heart’s electrical activity. The heart’s electrical activity is recorded using small metal electrodes placed on the chest, arms, and legs.

 

Sizing and Forecast

The electrocardiograph (ecg) market size has grown strongly in recent years. It will grow from $8.57 billion in 2023 to $9.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The growth in the historic period can be attributed to increasing cardiovascular diseases, aging population, awareness and education, government initiatives, remote patient monitoring.

 

The electrocardiograph (ecg) market size is expected to see strong growth in the next few years. It will grow to $12.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.  The growth in the forecast period can be attributed to telemedicine expansion, personalized medicine, emerging markets, preventive healthcare initiatives, regulatory support. Major trends in the forecast period include wearable technology, data analytics and artificial intelligence, integration with healthcare it, technological advancements, ai and data analytics.

 

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Segmentation & Regional Insights

The electrocardiograph (ecg) market covered in this report is segmented –

1) By Product: Holter Monitors, Resting Electrocardiograph (ECG), Stress Electrocardiograph (ECG), Event Recorders, Other Products

2) By Technology: Portable ECG Systems, Wireless ECG Systems

3) By Lead Type: Single Lead ECG, 2 Lead ECG, 3 Lead ECG, 6 Lead ECG, 12-Lead ECG

4) By End User: Hospitals And Clinics, Home Settings And Ambulatory Surgical Centers (ASCs), Other End Users

 

North America was the largest region in the electrocardiograph (ECG) market in 2023. The regions covered in the electrocardiograph (ecg) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

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Major Driver Impacting Market Growth

The rising cases of cardiovascular diseases are expected to boost the electrocardiograph (ECG) market going forward. Cardiovascular disease is a group of conditions affecting the heart and blood vessels. These conditions include coronary artery disease, heart failure, arrhythmias, and heart valve problems. ECGs are essential for diagnosing, treating, and managing various cardiovascular diseases. They help doctors evaluate the heart’s electrical activity and identify abnormalities that may indicate a heart condition. ECGs are an essential part of the diagnostic process for many heart-related states and will continue to need electrocardiographs for treatment, thus supporting the market growth. For Instance, in 2022, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, heart disease killed over 659,000 people in the United States, accounting for one out of every four deaths. Therefore, the rise in cases of cardiovascular diseases will drive the electrocardiograph (ECG) market forward.

 

Key Industry Players

Major companies operating in the electrocardiograph (ecg) market report are Koninklijke Philips N.V., Nihon Kohden Corporation, Schiller AG, AliveCor Inc., Hill-Rom Services Inc., BPL Medical Technologies, Allengers Medical Systems Limited, OSI Systems Inc., Fukuda Denshi Co. Ltd., Innomed Medical Inc., Mindray Bio-Medical Electronics Co. Ltd., Johnson and Johnson, Mortara Instrument Inc., Medtronic Plc, BioTelemetry, General Electric Company, Philips Healthcare, Siemens Healthineers, Cardinal Health Inc., Spacelabs Healthcare, Compumedics Limited, Bionet Co. Ltd., Edan Instruments Inc., Norav Medical, QRS Diagnostic, Biotronik company, Schwarzer Cardiotek GmbH, Mega Electronics Ltd., Stryker Corporation, Seers Medical, LivaNova plc, Vyaire Medical Inc., Wuhan Union Hospital Medical Equipment Co. Ltd.

 

The electrocardiograph (ecg) market report table of contents includes:

1. Executive Summary
2. Electrocardiograph Market Characteristics
3. Electrocardiograph Market Trends And Strategies
4. Electrocardiograph Market – Macro Economic Scenario
5. Global Electrocardiograph Market Size and Growth
6. Electrocardiograph Market Segmentation
7. Electrocardiograph Market Regional And Country Analysis

……………

33. Key Mergers And Acquisitions In The Electrocardiograph Market
34. Electrocardiograph Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Electrocardiograph Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Electrocardiograph Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Electrocardiograph Market, Segmentation By Lead Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: Koninklijke Philips N.V. Financial Performance

Table 76: Nihon Kohden Corporation Financial Performance

Table 77: Schiller AG Financial Performance

Table 78: AliveCor Inc. Financial Performance

Table 79: Hill-Rom Services Inc Financial Performance

 

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