The ECG Devices Global Market Report 2023 by The Business Research Company, provides ECG devices market overview 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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According to The Business Research Company’s ECG Devices Global Market Report 2023, the market size grew from $5.02 billion in 2022 to $5.5 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. 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 market size of global ECG devices is expected to grow to $7.89 billion in 2027 at a CAGR of 9.4%.
The increase in incidence of cardiovascular diseases is expected to boost the demand for the ECG devices market over the coming years. Cardiovascular disease is one of the most common of all health problems and the leading cause of death globally. To check for various cardiac diseases, an electrocardiogram (ECG or EKG) measures the electrical signal from the heart. Electrodes are set on the chest to record the electrical signals sent by the heart, which cause it to beat.
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The ECG devices market is segmented:
1) By Product: Monitoring ECG Systems, Diagnostic ECG Systems
2) By Technology: Portable ECG Systems, Wireless ECG Systems
3) By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG
4) By End User: Hospitals, Homecare Settings, Other End-Users
The launch of advanced ECG devices is shaping the ECG devices market. Major companies operating in the ECG devices sector are focused on developing technological solutions for ECG devices to strengthen their position. For instance, in September 2020, AliveCor, a US FDA-cleared personal electrocardiogram (ECG) technology company launched a clinically validated personal ECG device based on KardiaMobile 6L technology. In just 30 seconds, individuals can record a medical-grade ECG using this device. It is small enough to slip into a pocket. Users can use their smartphones to monitor their heartbeats.
The ECG devices market report table of contents includes:
1. Executive Summary
2. ECG Devices Market Characteristics
3. ECG Devices Market Trends And Strategies
4. ECG Devices Market – Macro Economic Scenario
5. ECG Devices Market Size And Growth
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26. Africa ECG Devices Market
27. ECG Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The ECG Devices Market
29. ECG Devices Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- GE Healthcare
- Koninklijke Philips N.V
- Spacelabs Healthcare
- CardioNet Inc
- Schiller AG
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