Market Overview:
The global single-lead ECG machines 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, rising geriatric population, and technological advancements in ECG machines. Based on type, the handheld ECG devices segment is expected to account for the largest share of the global single-lead ECG machines market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Handheld ECG devices are small and lightweight devices that can be easily carried by patients and provide accurate results within minutes. These devices are mainly used for diagnosing heart conditions such as arrhythmia and myocardial infarction (MI). Based on application, hospitals are expected to account for the largest share of the global single-lead ECG machines market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Hospitals use single-lead ECGs for diagnosing various heart conditions such as MI, congestive heart failure (CHF), valvular disease, and others.
Product Definition:
A single-lead ECG machine is a device used to measure the electrical activity of the heart. This type of machine typically has one lead, or electrode, that is placed on the patient's chest. The electrical activity measured by this lead is then displayed as an ECG tracing.
Single-lead ECG machines are often used to diagnose heart arrhythmias and other cardiac abnormalities. They can also be helpful in identifying conditions such as myocardial infarction (heart attack) and pericarditis.
Handheld ECG Devices:
Handheld ECG devices are portable and can be used for the diagnosis of heart diseases. It is also used to monitor the patient’s heart during exercise, stress, or rest. The device works on the principle of detecting heartbeats by measuring electrical signals from body parts like fingers and palm.
Portable Handheld ECG Monitors:
The portable handheld ECG monitors are small in size and can be easily carried by the medical person for a patient’s monitoring. The normal range of heart rates is 60 to 100 beats per minute and may vary from person to person. Handheld monitors provide an easy way of assessing heart rate during everyday activities like walking, running, or driving.
Application Insights:
The hospital segment dominated the market for single-lead ECG machines and accounted for a revenue share of more than 60.0% in 2017. The dominance is attributed to factors such as high usage rates, large number of hospitals and clinics, presence of key manufacturers, and wide product portfolio across various price points. Moreover, an increase in the prevalence rate of cardiac arrhythmia is expected to boost demand over the forecast period. According to a study published by NCBI in 2018, it was found that around 1 out of every 3 patients suffering from atrial fibrillation had no associated symptoms or signs during their lifetime.
Regional Analysis:
North America dominated the global single-lead ECG machines market in 2017. The presence of well-established healthcare infrastructure, high awareness levels regarding heart health, and increasing demand for portable devices are some of the major factors responsible for its large share. Moreover, technological advancements such as wireless connectivity and software upgrades are further fueling the regional growth.
The Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income levels and improving healthcare facilities in emerging economies such as India and China. Furthermore, an increase in product launches coupled with growing awareness about single-lead devices is also anticipated to drive regional growth during the forecast period. For instance, In January 2016; ResMed launched i10 PAP device which features 10 lead ECG recording & 2MP camera along with respiratory monitoring feature at a price range of USD X–279 (excluding taxes). Such factors are expected to contribute towards higher sales volumes hence driving revenue generation over this period.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising demand for point-of-care diagnostics
- Technological advancements in ECG machines
- Increasing awareness about CVDs and their early detection
Scope Of The Report
Report Attributes
Report Details
Report Title
Single-Lead ECG Machines Market Research Report
By Type
Handheld ECG Devices, Portable Handheld ECG Monitors, Others
By Application
Hospital, Clinic, Others
By Companies
GE Healthcare, Philips Healthcare, Mindray Medical International Limited, Schiller AG and Spacelabs Healthcare, Welch Allyn, CardioNet Inc, Nihon Kohden Corporation
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Single-Lead ECG Machines Market Report Segments:
The global Single-Lead ECG Machines market is segmented on the basis of:
Types
Handheld ECG Devices, Portable Handheld ECG Monitors, Others
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, 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:
- GE Healthcare
- Philips Healthcare
- Mindray Medical International Limited
- Schiller AG and Spacelabs Healthcare
- Welch Allyn
- CardioNet Inc
- Nihon Kohden Corporation
Highlights of The Single-Lead ECG Machines 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:
- Handheld ECG Devices
- Portable Handheld ECG Monitors
- Others
- By Application:
- Hospital
- 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 Single-Lead ECG Machines 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
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?
Single-lead ECG machines are a type of electrocardiogram (ECG) machine that reads the electrical activity of the heart using just one lead. This type of machine is often used to diagnose cardiac arrhythmias and other heart problems.
Some of the key players operating in the single-lead ecg machines market are GE Healthcare, Philips Healthcare, Mindray Medical International Limited, Schiller AG and Spacelabs Healthcare, Welch Allyn, CardioNet Inc, Nihon Kohden Corporation.
The single-lead ecg machines 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 Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single-Lead ECG Machines 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 Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Size & Forecast, 2018-2028
4.5.1 Single-Lead ECG Machines Market Size and Y-o-Y Growth
4.5.2 Single-Lead ECG Machines Market Absolute $ Opportunity
Chapter 5 Global Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Size Forecast by Type
5.2.1 Handheld ECG Devices
5.2.2 Portable Handheld ECG Monitors
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single-Lead ECG Machines 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 Single-Lead ECG Machines 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 Single-Lead ECG Machines Analysis and Forecast
9.1 Introduction
9.2 North America Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Size Forecast by Type
9.6.1 Handheld ECG Devices
9.6.2 Portable Handheld ECG Monitors
9.6.3 Others
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 Single-Lead ECG Machines Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 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 Single-Lead ECG Machines Analysis and Forecast
10.1 Introduction
10.2 Europe Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Size Forecast by Type
10.6.1 Handheld ECG Devices
10.6.2 Portable Handheld ECG Monitors
10.6.3 Others
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 Single-Lead ECG Machines Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 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 Single-Lead ECG Machines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Size Forecast by Type
11.6.1 Handheld ECG Devices
11.6.2 Portable Handheld ECG Monitors
11.6.3 Others
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 Single-Lead ECG Machines Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 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 Single-Lead ECG Machines Analysis and Forecast
12.1 Introduction
12.2 Latin America Single-Lead ECG Machines 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 Single-Lead ECG Machines Market Size Forecast by Type
12.6.1 Handheld ECG Devices
12.6.2 Portable Handheld ECG Monitors
12.6.3 Others
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 Single-Lead ECG Machines Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 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) Single-Lead ECG Machines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Single-Lead ECG Machines 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) Single-Lead ECG Machines Market Size Forecast by Type
13.6.1 Handheld ECG Devices
13.6.2 Portable Handheld ECG Monitors
13.6.3 Others
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) Single-Lead ECG Machines Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 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 Single-Lead ECG Machines Market: Competitive Dashboard
14.2 Global Single-Lead ECG Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Philips Healthcare
14.3.3 Mindray Medical International Limited
14.3.4 Schiller AG and Spacelabs Healthcare
14.3.5 Welch Allyn
14.3.6 CardioNet Inc
14.3.7 Nihon Kohden Corporation
