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How has the electrocardiogram (ecg) equipment and management system market evolved, and where is it heading next?
The electrocardiogram (ECG) equipment and management system market size has grown strongly in recent years. It will grow from $6.25 billion in 2024 to $6.74 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing healthcare expenditure, a growing aging population, an increase in diabetes and hypertension, an increasing demand for ambulatory monitoring devices, growing prevalence of cardiac arrhythmia.
The electrocardiogram (ECG) equipment and management system market size is expected to see strong growth in the next few years. It will grow to $9.01 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the rising prevalence of cardiovascular disorders (CVDs), increasing adoption of remote monitoring, increasing prevalence of hypertension, government initiatives and funding, rising number of cardiac patients, and rising demand for efficient cardiac monitoring solutions. Major trends in the forecast period include the development of telemedicine, adoption of remote patient monitoring, integration of ECG systems with EHRs, ongoing innovation and rising demand for cutting-edge cardiac care products, and the introduction of wireless and portable ECG devices.
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How have varous drivers impacted the growth of the electrocardiogram (ecg) equipment and management system market?
The rising prevalence of cardiovascular disorders (CVDs) is expected to propel the growth of the electrocardiogram (ECG) equipment and management system market going forward. Cardiovascular disease (CVD) is a group of disorders that affect the heart and blood vessels, resulting in heart attacks, strokes, and peripheral vascular disease. The prevalence of cardiovascular disorders is rising due to unhealthy dietary habits, increasing obesity rates, and aging populations. The ECG management system monitors cardiac rhythms, detects ischemia early, and stores data for long-term chronic condition management, contributing considerably to better patient outcomes and treatment quality. For instance, in October 2022, according to a report published by the World Heart Federation, a Switzerland-based non-governmental organization, cardiovascular disease is expected to see an increase in mortality, with the number of CVD-related deaths predicted to rise from approximately 18.9 million in 2020 to over 22.2 million by 2030 and reaching 32.3 million by 2050. Therefore, the rising prevalence of cardiovascular disorders (CVDs) is driving the growth of the electrocardiogram (ECG) equipment and management system market.
What are the primary segments of the electrocardiogram (ecg) equipment and management system market?
The electrocardiogram (ECG) equipment and management system market covered in this report is segmented –
1) By Type: Holter Monitors, Resting Electrocardiogram (ECG) System, Stress Electrocardiogram (ECG) Monitors, Event Monitoring Systems, Electrocardiogram (ECG) Management Systems
2) By Lead Type: Single Lead, 3-6 Lead, 12-Lead
3) By End-User: Hospitals And Clinics, Ambulatory Centers, Other End Users
Subsegments:
1) By Holter Monitors: 24-Hour Holter Monitors, 48-Hour Holter Monitors, 72-Hour Holter Monitors, Long-Term Holter Monitors
2) By Resting Electrocardiogram (ECG) System: Single-Channel Resting ECG Systems, Multi-Channel Resting ECG Systems
3) By Stress Electrocardiogram (ECG) Monitors: Treadmill Stress ECG Monitors, Bicycle Stress ECG Monitors, Other Stress ECG Monitors
4) By Event Monitoring Systems: Mobile Event Monitors, Wearable Event Monitors, Implantable Event Monitors
5) By Electrocardiogram (ECG) Management Systems: Cloud-Based ECG Management Systems, On-Premises ECG Management Systems, Hybrid ECG Management Systems
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Which firms are leading the electrocardiogram (ecg) equipment and management system market?
Major companies operating in the electrocardiogram (ECG) equipment and management system market are Koninklijke Philips N.V., GE Healthcare, Mindray Medical, Hill-Rom Holdings Inc., Nihon Kohden Corporation, Lepu Medical Technology(Beijing)Co. Ltd., Spacelabs Healthcare, Welch Allyn, Fukuda Denshi, Edan Instruments Inc., Midmark Corporation, Schiller, Contec Medical Systems Co. Ltd., Bionet America Inc., Nasiff Associates Inc., Cardioline, Norav Medical, LUMED srl, Tenko Medical System Corp., Cardiac Design Labs, BTL Group
How will industry trends affect the trajectory of the electrocardiogram (ecg) equipment and management system market?
Major companies operating in the electrocardiogram (ECG) equipment and management system market are developing artificial intelligence (AI)-powered portable ECG systems to offer healthcare providers a clinically validated solution for quick ECG diagnosis and detection. AI-powered portable ECG systems are handheld devices that use artificial intelligence (AI) algorithms to interpret electrocardiogram (ECG) signals and identify abnormalities that may be difficult for human experts to discover. For instance, in June 2024, AliveCor Inc., a US-based medical device company, launched the Food and Drug Administration (FDA)-cleared KAI 12L AI technology and the Kardia 12L ECG System. KAI 12L AI technology can identify 35 cardiac indications with a smaller leadset. The Kardia 12L ECG System is an AI-powered, handheld 12-lead electrocardiogram (ECG) system with a unique single-cable architecture with five electrodes for acquiring eight high-quality diagnostic bandwidth leads. The Kardia 12L’s portability and ease of use have the potential to spread crucial cardiac diagnostics to resource-limited areas. It enables healthcare providers with limited ECG experience to get the correct readings quickly.
Which geographic trends are shaping the electrocardiogram (ecg) equipment and management system market, and which region has the highest market share?
North America was the largest region in the electrocardiogram (ECG) equipment and management system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrocardiogram (ECG) equipment and management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Electrocardiogram (ECG) Equipment And Management System Market Report 2025 Offer?
The electrocardiogram (ecg) equipment and management system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Electrocardiogram (ECG) equipment and management systems refer to the devices and software used to capture, record, analyze, and manage electrocardiograms (ECGs). These systems are essential for monitoring and diagnosing cardiac diseases as it measure the electrical activity of the heart over time. It plays a critical role in diagnosis, continuous monitoring, data management, and remote patient care.
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