Market Overview:
The global ECG monitoring system market is expected to grow at a CAGR of 5.8% 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 monitoring systems, and rising demand for home-based ECG monitoring systems. Based on type, the global ECG monitoring system market is segmented into holter monitors, resting ECG systems, and stress ECG monitors. The holter monitor segment is expected to account for the largest share of the global market in 2018 owing to its growing use in diagnosing cardiac arrhythmias. By application, the hospital segment is expected to account for the largest share of the global market in 2018 owing to increasing use ofECGs for diagnosis and treatment purposes in hospitals.
Product Definition:
The ECG monitoring system is a device that records the electrical activity of the heart. This information can be used to diagnose cardiac problems or monitor the progress of treatment. The ECG monitoring system is important because it can help identify heart problems early, which may improve outcomes.
Holter Monitors:
The Holter monitors are used to record the patient's heartbeats for 24 hours. It is mainly used in cases of sudden cardiac deaths or arrhythmias and also during therapy to check if the treatment is having an effect on the patient’s heart. The monitor helps in detecting any irregular heartbeat and also displays a graph showing trends of all recorded data, which can be useful for doctors while deciding on further treatment procedures.
Resting ECG System:
The global R&D activities in the field of cardiac monitors are increasing continuously. The technological advancements such as miniaturization, wireless technology, and data management systems have led to a reduction in the size of traditional ECG devices. This has resulted in increased portability and user-friendliness which is expected to drive growth over the forecast period.
Application Insights:
The hospital application segment dominated the global market in 2017. The hospital is considered as the most important location for monitoring and diagnosing any type of arrhythmia or heart condition. It has been observed that hospitals across the world are increasingly adopting ECG monitoring systems to detect any kind of arrhythmia or heart condition, which was not previously done easily. Moreover, an increasing number of patients suffering from atrial fibrillation is driving this segment forward at a rapid pace. According to data published by CDC in 2014, over 5%of total population in U.S.
ECG monitors used for home care are designed specifically for use at homes thus eliminating the need for travel between clinics.
Regional Analysis:
Europe dominated the global market in 2017. The presence of favorable government initiatives and increased funding by the European Union for public health programs are some factors responsible for its large share. For instance, in March 2015, the EU launched Horizon 2020 Strategy to reduce cardiovascular disease (CVD) mortality by 30% within 20 years. Under this initiative, they planned to invest around USD X million over a period of seven years from 2014-2020 to support CVD prevention and management programs at national level.
Asia Pacific is anticipated to grow at a lucrative rate during the forecast period owing to increasing prevalence of cardiac disorders coupled with rising disposable income among individuals especially in developing countries such as India and China.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Rising geriatric population
- Growing demand for home healthcare services
- Technological advancements in ECG monitoring systems
- Increasing awareness about the benefits of ECG monitoring
Scope Of The Report
Report Attributes
Report Details
Report Title
ECG Monitoring System Market Research Report
By Type
Holter Monitors, Resting ECG System, Stress ECG Monitors
By Application
Hospital, Clinic, Home Care
By Companies
GE Healthcare, Hill-Rom, Philips Healthcare, Spacelabs Healthcare, MidMark, Schiller, Medicomp, Applied Cardiac Systems, VectraCor, BORSAM, GE Healthcare, Bi-biomed, BioTelemetry, Meditech, Nihon Kohden, OSI Systems, CardioComm Solutions, Mindray, McKesson
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global ECG Monitoring System Market Report Segments:
The global ECG Monitoring System market is segmented on the basis of:
Types
Holter Monitors, Resting ECG System, Stress ECG Monitors
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
Hospital, Clinic, Home Care
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:
- GE Healthcare
- Hill-Rom
- Philips Healthcare
- Spacelabs Healthcare
- MidMark
- Schiller
- Medicomp
- Applied Cardiac Systems
- VectraCor
- BORSAM
- GE Healthcare
- Bi-biomed
- BioTelemetry
- Meditech
- Nihon Kohden
- OSI Systems
- CardioComm Solutions
- Mindray
- McKesson
Highlights of The ECG Monitoring System 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:
- Holter Monitors
- Resting ECG System
- Stress ECG Monitors
- By Application:
- Hospital
- Clinic
- Home Care
- 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 Monitoring System 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.
How you may use our products:
- Correctly Positioning New Products
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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?
ECG monitoring system is a medical device that records the electrical activity of the heart.
Some of the major companies in the ecg monitoring system market are GE Healthcare, Hill-Rom, Philips Healthcare, Spacelabs Healthcare, MidMark, Schiller, Medicomp, Applied Cardiac Systems, VectraCor, BORSAM, GE Healthcare, Bi-biomed, BioTelemetry, Meditech, Nihon Kohden, OSI Systems, CardioComm Solutions, Mindray, McKesson.
The ecg monitoring system market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ECG Monitoring System 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 Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ECG Monitoring System 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 Monitoring System 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 Monitoring System Market Size & Forecast, 2020-2028
4.5.1 ECG Monitoring System Market Size and Y-o-Y Growth
4.5.2 ECG Monitoring System Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Holter Monitors
5.2.2 Resting ECG System
5.2.3 Stress ECG Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Home Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ECG Monitoring System 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 Monitoring System 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Holter Monitors
9.6.2 Resting ECG System
9.6.3 Stress ECG Monitors
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 Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Home Care
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Holter Monitors
10.6.2 Resting ECG System
10.6.3 Stress ECG Monitors
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 Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Home Care
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Holter Monitors
11.6.2 Resting ECG System
11.6.3 Stress ECG Monitors
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 Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Home Care
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Holter Monitors
12.6.2 Resting ECG System
12.6.3 Stress ECG Monitors
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 Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Home Care
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Holter Monitors
13.6.2 Resting ECG System
13.6.3 Stress ECG Monitors
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) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Home Care
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 Monitoring System Market: Competitive Dashboard
14.2 Global ECG Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Hill-Rom
14.3.3 Philips Healthcare
14.3.4 Spacelabs Healthcare
14.3.5 MidMark
14.3.6 Schiller
14.3.7 Medicomp
14.3.8 Applied Cardiac Systems
14.3.9 VectraCor
14.3.10 BORSAM
14.3.11 GE Healthcare
14.3.12 Bi-biomed
14.3.13 BioTelemetry
14.3.14 Meditech
14.3.15 Nihon Kohden
14.3.16 OSI Systems
14.3.17 CardioComm Solutions
14.3.18 Mindray
14.3.19 McKesson
