The Electrocardiograph (ECG) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electrocardiograph (ECG) Global Market Report 2024, 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.
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.
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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
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 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
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26. South America Electrocardiograph Market
27. Brazil Electrocardiograph Market
28. Middle East Electrocardiograph Market
29. Africa Electrocardiograph Market
30. Electrocardiograph Market Competitive Landscape And Company Profiles
Top Major Players:
- Koninklijke Philips N.V
- Nihon Kohden Corporation
- Schiller AG
- AliveCor Inc
- Hill-Rom Services Inc
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