Market Overview:
The global electrocardiogram (ECG) device 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, growing geriatric population, and technological advancements in ECG devices. Based on type, the global ECG device market is segmented into portable ECG devices and stationary ECG devices. The portable ECG devices segment is expected to grow at a higher CAGR than the stationary ECG devices segment during the forecast period from 2018 to 2030. This can be attributed to the increasing demand for portable ECGs due to their ease of use and portability. Based on application, the global electrocardiogram (ECG) device market is divided into hospitals, households, clinics, and others segments. The hospitals segment dominates this market owing to rising number of hospital admissions for cardiac problems across the globe.
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Product Definition:
ECG is a device used to measure the electrical activity of the heart. The ECG measures the voltage between different points on the surface of the heart. This information can be used to diagnose problems with the heart's rhythm or structure.
Portable ECG Device:
The global portable ECG device market size was valued at USD 6.2 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The rising prevalence of cardiovascular diseases, increasing geriatric population base, and growing awareness levels among individuals are some major factors that are driving the growth of this industry globally.
Stationary ECG Device:
Stationary ECG device is an electronic device used to record and store the heartbeats of a patient. The recorded data is played back during an electrocardiogram (ECG) to check whether the patient’s heart is functioning properly.
The global stationary ECG device and it's usage in Electrocardiogram (ECG) Device market size was valued at USD 8,716.1 million in 2018.
Application Insights:
The hospital segment dominated the global electrocardiogram (ECG) device market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to a rise in cardiovascular diseases, which are a leading cause of death globally. According to WHO, around 1 out of 3 deaths occur due to cardiovascular diseases. In addition, rising awareness about early detection among patients is also driving growth at a significant rate. As per Eurostat¢â‚¬â„¢s 2018 Report on Health and Well-being, around 7% of total deaths occur during or shortly after acute coronary syndrome (ACS). Thus, an increase in cardiac related disorders coupled with high usage rates among hospitals drives demand for ECG devices at an estimated rate of approximately USD 446 million annually.
Household application segment is expected register the highest CAGR from 2018 to 2030 owing to increasing adoption rates for various reasons such as convenience.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of manufacturers and users, higher awareness levels coupled with high disposable income, and favorable government initiatives. The Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing geriatric population prone to cardiac disorders along with growing medical tourism in this region. Moreover, an increase in investments by governments for developing healthcare infrastructure is also anticipated to drive growth during the forecast period.
The Latin American market was valued at USD X million in 2017.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Rising geriatric population
- Growing demand for minimally invasive procedures
- Technological advancements in ECG devices
- increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrocardiogram (ECG) Device Market Research Report
By Type
Portable ECG Device, Stationary ECG Device
By Application
Hospital, Household, Clinic, Others
By Companies
Applied Cardiac Systems, Bi-biomed, BioTelemetry, BORSAM, EDAN, Fukuda Denshi, GE Healthcare, Hill-Rom, Innomed, Medicomp, MidMark, Mindray Medical, NIHON KOHDEN, Philips Healthcare, Schiller AG, Scottcare, Spacelabs Healthcare, Suzuken, VectraCor, Welch Allyn
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Electrocardiogram (ECG) Device Market Report Segments:
The global Electrocardiogram (ECG) Device market is segmented on the basis of:
Types
Portable ECG Device, Stationary ECG Device
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, Household, Clinic, 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:
- Applied Cardiac Systems
- Bi-biomed
- BioTelemetry
- BORSAM
- EDAN
- Fukuda Denshi
- GE Healthcare
- Hill-Rom
- Innomed
- Medicomp
- MidMark
- Mindray Medical
- NIHON KOHDEN
- Philips Healthcare
- Schiller AG
- Scottcare
- Spacelabs Healthcare
- Suzuken
- VectraCor
- Welch Allyn
 Device Market Overview.svg)
Highlights of The Electrocardiogram (ECG) Device 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 Device
- Stationary ECG Device
- By Application:
- Hospital
- Household
- Clinic
- 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 Electrocardiogram (ECG) Device 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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 electrocardiogram (ECG) device is a medical device that records the electrical activity of the heart.
Some of the major companies in the electrocardiogram (ecg) device market are Applied Cardiac Systems, Bi-biomed, BioTelemetry, BORSAM, EDAN, Fukuda Denshi, GE Healthcare, Hill-Rom, Innomed, Medicomp, MidMark, Mindray Medical, NIHON KOHDEN, Philips Healthcare, Schiller AG, Scottcare, Spacelabs Healthcare, Suzuken, VectraCor, Welch Allyn.
The electrocardiogram (ecg) device 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 Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Size & Forecast, 2018-2028
4.5.1 Electrocardiogram (ECG) Device Market Size and Y-o-Y Growth
4.5.2 Electrocardiogram (ECG) Device Market Absolute $ Opportunity
Chapter 5 Global Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Size Forecast by Type
5.2.1 Portable ECG Device
5.2.2 Stationary ECG Device
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Household
6.2.3 Clinic
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Analysis and Forecast
9.1 Introduction
9.2 North America Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Size Forecast by Type
9.6.1 Portable ECG Device
9.6.2 Stationary ECG Device
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 Electrocardiogram (ECG) Device Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Household
9.10.3 Clinic
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 Electrocardiogram (ECG) Device Analysis and Forecast
10.1 Introduction
10.2 Europe Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Size Forecast by Type
10.6.1 Portable ECG Device
10.6.2 Stationary ECG Device
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 Electrocardiogram (ECG) Device Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Household
10.10.3 Clinic
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 Electrocardiogram (ECG) Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Size Forecast by Type
11.6.1 Portable ECG Device
11.6.2 Stationary ECG Device
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 Electrocardiogram (ECG) Device Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Household
11.10.3 Clinic
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 Electrocardiogram (ECG) Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrocardiogram (ECG) Device 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 Electrocardiogram (ECG) Device Market Size Forecast by Type
12.6.1 Portable ECG Device
12.6.2 Stationary ECG Device
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 Electrocardiogram (ECG) Device Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Household
12.10.3 Clinic
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) Electrocardiogram (ECG) Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrocardiogram (ECG) Device 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) Electrocardiogram (ECG) Device Market Size Forecast by Type
13.6.1 Portable ECG Device
13.6.2 Stationary ECG Device
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) Electrocardiogram (ECG) Device Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Household
13.10.3 Clinic
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 Electrocardiogram (ECG) Device Market: Competitive Dashboard
14.2 Global Electrocardiogram (ECG) Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Applied Cardiac Systems
14.3.2 Bi-biomed
14.3.3 BioTelemetry
14.3.4 BORSAM
14.3.5 EDAN
14.3.6 Fukuda Denshi
14.3.7 GE Healthcare
14.3.8 Hill-Rom
14.3.9 Innomed
14.3.10 Medicomp
14.3.11 MidMark
14.3.12 Mindray Medical
14.3.13 NIHON KOHDEN
14.3.14 Philips Healthcare
14.3.15 Schiller AG
14.3.16 Scottcare
14.3.17 Spacelabs Healthcare
14.3.18 Suzuken
14.3.19 VectraCor
14.3.20 Welch Allyn
