Market Overview:
The global multi-parameter 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 incidence of cardiovascular diseases, technological advancements in ECG monitors, and rising demand for home care settings. Based on type, the global multi-parameter 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 multi-parameter ECG monitor market in 2018. This can be attributed to their low cost and easy portability compared with smart wearable devices. However, with increasing demand for real-time monitoring and diagnosis of heart conditions, the smart wearable device segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030. Based on application, hospitals are estimated to account for majority share of revenue generated by sales of multi-parameterECGs in 2018; however, clinics are projectedto register highest CAGR overthe forecast period owingto growing preferencefor outpatientcare settings overinpatientcare settings among patients suffering from cardiac disorders or other chronic diseases that require regular monitoringof vital signs parameters such as blood pressureand heart rate .
Product Definition:
A multi-parameter ECG monitor is a device used to measure the electrical activity of the heart. This device can measure various parameters such as heart rate, rhythm, and voltages. A multi-parameter ECG monitor is important because it can help identify any abnormalities in the electrical activity of the heart.
Portable ECG Monitor:
The global portable ECG monitor market is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as increasing incidence of cardiovascular diseases, growing geriatric population base and rising awareness about early diagnosis among consumers.
According to the American Heart Association (AHA), in 2016, around 92 million people in America were living with some form of CVD.
Smart Wearable ECG Monitor:
Smart wearable ECG monitor is a device that monitors the patient’s heart and transmits the data to their smartphone via Bluetooth. The data is then transferred to a physician, who reviews it and makes any necessary changes in the patient’s treatment plan.
The multi-parameter ECG monitor market includes devices such as smart wearable ECG monitors along with other connected devices such as fitness bands, activity trackers, blood pressure monitors among others.
Application Insights:
The market is segmented into hospitals, home care, clinics and others based on application. The other segment held the largest share of the overall revenue in 2017 due to a high volume of product launches for arrhythmia detection in recent years. Moreover, increasing number of research collaborations among various manufacturers will boost product innovation and consequently increase usage rates among patients with arrhythmias over the forecast period. This will drive demand for MEGM over the forecast period.
Hospitals were estimated to be one of the prominent segments owing to a large patient base suffering from cardiac disorders requiring longterm monitoring solutions such as Electrocardiograph (ECG) monitors that can provide advanced diagnostic information regarding heart conditions through continuous monitoring during treatment procedures or at times when symptoms are present but not severe enough for diagnosis by history or physical examination alone.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. This can be attributed to the presence of a large number of players, high adoption rate, and technological advancements. Moreover, increasing cases of cardiac disorders are also expected to drive regional growth over the forecast period. Asia Pacific is expected to grow at a lucrative CAGR during the forecast period owing to factors such as improving healthcare infrastructure and growing awareness about various advanced technologies for diagnosis & treatment of heart diseases.
The key players operating within this industry include but are not limited to: i) Abbott; ii) Medtronic; iii) Philips Healthcare; iv) Roche Diagnostics Corporation; v) Siemens Healthineers AG.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Rising geriatric population
- Growing demand for home healthcare services
- Technological advancements in ECG monitors
- Increasing awareness about the benefits of early diagnosis and treatment of CVDs
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-parameter ECG Monitor Market Research Report
By Type
Portable ECG Monitor, Smart Wearable ECG Monitor
By Application
Hospitals, Home Care, Clinics, Other
By Companies
Medtronic, Omron Healthcare, GE Healthcare, Philips Healthcare, Nihon Kohden, Schiller AG, AliveCor, Vital Connect, Qardio, Intelesens, Beurer, Shenzhen Comen Medical Instruments, Heal Force Bio-Meditech Holdings, Polar, Lifewatch
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Multi-parameter ECG Monitor Market Report Segments:
The global Multi-parameter 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, Clinics, Other
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:
- Medtronic
- Omron Healthcare
- GE Healthcare
- Philips Healthcare
- Nihon Kohden
- Schiller AG
- AliveCor
- Vital Connect
- Qardio
- Intelesens
- Beurer
- Shenzhen Comen Medical Instruments
- Heal Force Bio-Meditech Holdings
- Polar
- Lifewatch
Highlights of The Multi-parameter 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
- Clinics
- Other
- 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 Multi-parameter 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.
How you may use our 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?
A multi-parameter ECG monitor is a device that measures multiple heart parameters simultaneously. These monitors can help doctors diagnose and treat heart conditions more accurately.
Some of the major players in the multi-parameter ecg monitor market are Medtronic, Omron Healthcare, GE Healthcare, Philips Healthcare, Nihon Kohden, Schiller AG, AliveCor, Vital Connect, Qardio, Intelesens, Beurer, Shenzhen Comen Medical Instruments, Heal Force Bio-Meditech Holdings, Polar, Lifewatch.
The multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Market Size & Forecast, 2018-2028
4.5.1 Multi-parameter ECG Monitor Market Size and Y-o-Y Growth
4.5.2 Multi-parameter ECG Monitor Market Absolute $ Opportunity
Chapter 5 Global Multi-parameter 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 Multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Home Care
6.2.3 Clinics
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Analysis and Forecast
9.1 Introduction
9.2 North America Multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Home Care
9.10.3 Clinics
9.10.4 Other
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 Multi-parameter ECG Monitor Analysis and Forecast
10.1 Introduction
10.2 Europe Multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Home Care
10.10.3 Clinics
10.10.4 Other
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 Multi-parameter ECG Monitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Home Care
11.10.3 Clinics
11.10.4 Other
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 Multi-parameter ECG Monitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Multi-parameter 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 Multi-parameter 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 Multi-parameter ECG Monitor Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Home Care
12.10.3 Clinics
12.10.4 Other
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) Multi-parameter ECG Monitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multi-parameter 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) Multi-parameter 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) Multi-parameter ECG Monitor Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Home Care
13.10.3 Clinics
13.10.4 Other
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 Multi-parameter ECG Monitor Market: Competitive Dashboard
14.2 Global Multi-parameter ECG Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Omron Healthcare
14.3.3 GE Healthcare
14.3.4 Philips Healthcare
14.3.5 Nihon Kohden
14.3.6 Schiller AG
14.3.7 AliveCor
14.3.8 Vital Connect
14.3.9 Qardio
14.3.10 Intelesens
14.3.11 Beurer
14.3.12 Shenzhen Comen Medical Instruments
14.3.13 Heal Force Bio-Meditech Holdings
14.3.14 Polar
14.3.15 Lifewatch
