Diagnostic Ecg Market size was valued at USD 7.5 billion in 2021 and is projected to reach around USD 12.0 billion in 2030 exhibiting a CAGR of 5.0% in the forecasted period.
The rising demand for diagnostic electrocardiograph (ECG) among end-users, including hospitals and clinics. The important factor driving the diagnostic ECG market is the incidence of cardiac illnesses. The WHO reported that cardiac disease is among the major causes of mortality across the globe. About 18 million people die of cardiovascular illnesses yearly, accounting for 31% of global fatalities. The high frequency of cardiovascular diseases drives the demand for diagnostic ECGs and upsurges industry growth.
The product type, lead type, and end use of diagnostic electrocardiographs are the three key market categories that are examined. Halter monitors, resting ECG systems, and stress ECG monitors are the three categories into which the market is divided based on the type of product. Due to a notable rise in hospitals’ numbers as well as an increase in their spending on ECG devices, halter monitors accounted for the largest sector in 2014. The market is divided into single lead type ECG devices, three to six lead type ECG devices, twelve lead type ECG devices, and other lead type ECG devices depending on the lead type. The 3 to 6 type ECG devices market dominated the overall ECG market in 2014 and is anticipated to grow rapidly due to its high efficiency rate.
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Some of the key players operating in the global diagnostic ECG market include:
- General Electric Company
- Koninklijke Philips N.V.
- NIHON KOHDEN CORPORATION.
- Hill-Rom Services, Inc.
- Ambu A/S.
- SCHILLER
- ACSDiagnostics.
- BPL, FUKUDA DENSHI
- BioTelemetry, Inc.
- OSI Systems, Inc.
- BTL.
- Allengers
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- EDAN Instruments, Inc.
- Cardioline S.P.A.
- SUZUKEN CO., LTD.
- Norav Medical
- BIONET
- VectraCor, Inc.
- Nexus Lifecare
- Midmark Corporation
- Spacelabs Healthcare
- Innomed Medical Inc.
- Other players
Segments
By Product
- Resting ECG
- Stress ECG Devices
- Holter Monitors
- Implantable Loop Recorders
- Event Monitors
- MCT Devices
- Smart ECG Monitors
By Lead Type
- 12-lead ECG Devices
- 5-lead ECG Devices
- 3-lead ECG Devices
- 6-lead ECG Devices
- Single-lead
- Other Lead Types
By End User
- Hospitals
- Clinics and Cardiac Centers
- Ambulatory Surgical Centers
- Other End Users
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Key Questions Answered in This Report:
- How has the global Market performed so far and how will it perform in the coming years?
- What are the key regional Markets?
- What has been the impact of COVID-19 on the global Market?
- What is the breakup of the Market based on the type?
- What is the breakup of the Market based on the application?
- What is the breakup of the Market based on the manufacturing process?
- What is the breakup of the Market based on the price range?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Market and who are the key players?
- What is the degree of competition in the industry?
