Market Overview:
The global ECG monitor market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in ECG monitors, and rising demand for home-based care. Based on type, the global ECG monitor market is segmented into portable ECG monitors and smart wearable ECG monitors. The portable ECG monitor segment is expected to account for the majority share of the global market in 2018 owing to its low cost and easy portability. However, the smart wearable ECG monitor segment is projected to grow at a higher CAGR during the forecast period due its growing demand from hospitals and research centers. Based on application, hospitals accounted for majority share of revenue generated by sales ofECGs in 2017; however, this trend is likelyto change overthe next few years with home care becoming one ofthe fastest-growing segmentsin terms offuturegrowth potential .
Product Definition:
An electrocardiogram (ECG) is a test that records the electrical activity of your heart. An ECG monitor is a device used to measure this activity.
Portable ECG Monitor:
By definition, a portable ECG monitor is an electronic device that records and displays the heart's electrical activity. Portable ECG monitors are most commonly used by doctors, nurses, and other healthcare professionals to observe the patient’s heart functioning during any treatment or surgery.
The global portable ECG monitor market was valued at USD 657.1 million in 2016.
Smart Wearable ECG Monitor:
Smart wearable ECG monitor is a device that wirelessly connects to smartphone via Bluetooth and displays the captured data on the screen of the smartphone. The major function of this device is to record and store heart rate, along with other vital statistics such as heart rate variability, Electrocardiogram (ECG), respiratory rate, calories burnt etc. This recorded data can be later used by physicians for analyzing patient’s health at a micro level.
Application Insights:
The others segment includes commercial facilities and non-clinical applications. The other applications include industrial purposes, sports training, and gaming. In clinical settings, Holter monitoring is used to evaluate the risk of cardiovascular diseases (CVDs). Hence, hospitals are considered as the key application segment for this market owing to a significant number of ECG monitors being used in hospitals across the world.
ECG monitors are increasingly being adopted by healthcare professionals at an early stage of detection so that appropriate preventive measures can be taken before any symptoms occur. This has led to an increased adoption rate among primary care physicians (PCPs) worldwide who order these devices for their patients with suspected heart conditions or at high risk of developing them due to family history or previous experience with CVDs or stroke incidents in relatives.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The presence of favorable government initiatives and increasing healthcare expenditure are some factors responsible for its dominance. Moreover, a rise in geriatric population is expected to drive the product demand over the forecast period. Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and rising disposable income especially in developing countries such as China, India, and Japan. Furthermore, an increase in awareness regarding various advanced technologies used for ECG monitoring will fuel regional growth over the next eight years (from 2018 to 2030).
Some key players operating within Europe include but are not limited to Medtronic plc., Philips Healthcare N.V., ResMed Inc.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising awareness about the benefits of ECG monitoring
- Technological advancements in ECG monitors
- Government initiatives to promote use of ECG monitors
Scope Of The Report
Report Attributes
Report Details
Report Title
ECG Monitor Market Research Report
By Type
Portable ECG Monitor, Smart Wearable ECG Monitor
By Application
Hospitals, Home Care, Research Center, Others
By Companies
Omron Healthcare, AliveCor, Vital Connect, Qardio, Visi, Lifewatch, Custo med, Intelesens, Medtronic, Polar, Omron Healthcare, GE Healthcare, Philips Healthcare, Nihon Kohden, Schiller AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global ECG Monitor Market Report Segments:
The global ECG Monitor market is segmented on the basis of:
Types
Portable ECG Monitor, Smart Wearable ECG Monitor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Home Care, Research Center, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Omron Healthcare
- AliveCor
- Vital Connect
- Qardio
- Visi
- Lifewatch
- Custo med
- Intelesens
- Medtronic
- Polar
- Omron Healthcare
- GE Healthcare
- Philips Healthcare
- Nihon Kohden
- Schiller AG
Highlights of The ECG Monitor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable ECG Monitor
- Smart Wearable ECG Monitor
- By Application:
- Hospitals
- Home Care
- Research Center
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ECG Monitor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An ECG monitor is a device that records the electrical activity of the heart. This activity can be used to diagnose and monitor heart conditions.
Some of the major players in the ecg monitor market are Omron Healthcare, AliveCor, Vital Connect, Qardio, Visi, Lifewatch, Custo med, Intelesens, Medtronic, Polar, Omron Healthcare, GE Healthcare, Philips Healthcare, Nihon Kohden, Schiller AG.
The ecg monitor market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ECG Monitor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ECG Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ECG Monitor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ECG Monitor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ECG Monitor Market Size & Forecast, 2018-2028
4.5.1 ECG Monitor Market Size and Y-o-Y Growth
4.5.2 ECG Monitor Market Absolute $ Opportunity
Chapter 5 Global ECG Monitor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 ECG Monitor Market Size Forecast by Type
5.2.1 Portable ECG Monitor
5.2.2 Smart Wearable ECG Monitor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ECG Monitor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 ECG Monitor Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Home Care
6.2.3 Research Center
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ECG Monitor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ECG Monitor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America ECG Monitor Analysis and Forecast
9.1 Introduction
9.2 North America ECG Monitor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America ECG Monitor Market Size Forecast by Type
9.6.1 Portable ECG Monitor
9.6.2 Smart Wearable ECG Monitor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America ECG Monitor Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Home Care
9.10.3 Research Center
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe ECG Monitor Analysis and Forecast
10.1 Introduction
10.2 Europe ECG Monitor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe ECG Monitor Market Size Forecast by Type
10.6.1 Portable ECG Monitor
10.6.2 Smart Wearable ECG Monitor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe ECG Monitor Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Home Care
10.10.3 Research Center
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific ECG Monitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ECG Monitor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific ECG Monitor Market Size Forecast by Type
11.6.1 Portable ECG Monitor
11.6.2 Smart Wearable ECG Monitor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific ECG Monitor Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Home Care
11.10.3 Research Center
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America ECG Monitor Analysis and Forecast
12.1 Introduction
12.2 Latin America ECG Monitor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America ECG Monitor Market Size Forecast by Type
12.6.1 Portable ECG Monitor
12.6.2 Smart Wearable ECG Monitor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America ECG Monitor Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Home Care
12.10.3 Research Center
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) ECG Monitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ECG Monitor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) ECG Monitor Market Size Forecast by Type
13.6.1 Portable ECG Monitor
13.6.2 Smart Wearable ECG Monitor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) ECG Monitor Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Home Care
13.10.3 Research Center
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ECG Monitor Market: Competitive Dashboard
14.2 Global ECG Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron Healthcare
14.3.2 AliveCor
14.3.3 Vital Connect
14.3.4 Qardio
14.3.5 Visi
14.3.6 Lifewatch
14.3.7 Custo med
14.3.8 Intelesens
14.3.9 Medtronic
14.3.10 Polar
14.3.11 Omron Healthcare
14.3.12 GE Healthcare
14.3.13 Philips Healthcare
14.3.14 Nihon Kohden
14.3.15 Schiller AG
