Electrocardiograph (ECG) Market Projected Growth Rate Through 2023-2032

The Electrocardiograph (ECG) Global Market Report 2023, provides comprehensive information on the electrocardiograph (ECG) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Electrocardiograph (ECG) Global Market Report 2023, the market size is expected to grow from $8.03 billion in 2022 to $8.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.74%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electrocardiograph (ECG) market size is expected to reach $11.46 billion in 2027 at a CAGR of 7.56%.

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Technological advancements are a key trend gaining popularity in the electrocardiograph (ECG) market. Major companies operating in the electrocardiograph sector are focused on developing technologically advanced solutions to sustain their market position. For instance, in January 2022, Royal Philips, a Netherlands-based conglomerate corporation, launched an at-home 12-lead electrocardiogram (ECG) solution for use in decentralized clinical trials. The at-home solution enables clinical trial participants to record data with quality comparable to site-based ECGs at home by utilizing PCA 500 ECG patch data recording technology. Without the need for frequent site visits, onsite technicians, or home nurses, the solution’s novel body-worn patch enables compliant 12-lead ECG implantation and near real-time, highly secure data transfer.

The electrocardiograph (ECG) market 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

Top Major Players:
Koninklijke Philips N.V.
Nihon Kohden Corporation
Schiller AG
AliveCor Inc.
Hill-Rom Services Inc

North America was the largest region in the electrocardiograph (ECG) market in 2022.

The table of contents in TBRC’s electrocardiograph (ECG) market report includes:

1. Executive Summary
2. Electrocardiograph (ECG) Market Characteristics
3. Electrocardiograph (ECG) Market Trends And Strategies
4. Electrocardiograph (ECG) Market – Macro Economic Scenario
5. Electrocardiograph (ECG) Market Size And Growth
……………………………………………………….
26. Africa Electrocardiograph (ECG) Market
27. Electrocardiograph (ECG) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrocardiograph (ECG) Market
29. Electrocardiograph (ECG) Market Future Outlook and Potential Analysis
30. Appendix

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