Market Overview:
The global SMD ECG monitor market is expected to grow at a CAGR of 5.5% 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 SMD ECG monitor market is segmented into holter ECG testers and static ECG testers. The holter ECG tester segment is expected to grow at a higher CAGR than the static ECG tester segment during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for portable and wearable devices for diagnostics purposes. Based on application, the global SMD ECG monitor market is divided into hospitals, clinics, and other applications such as research institutes and homecare settings. The hospitals segment accounted for majority of share in terms of revenue in 2017 owing to increased use of these devices for diagnosis purpose in this setting across all regions studied herein.
Product Definition:
A SMD ECG Monitor is a device that is used to monitor the heart rate and rhythm of a patient. This device can be used to help diagnose cardiac conditions and to help monitor the progress of treatment.
Holter ECG Tester:
The Holter ECG tester is a diagnostic device used to evaluate the patient's heart functioning when it is not possible to obtain an adequate rhythm strip through clinical monitoring. It consists of a single-lead ECG monitor and an external Holter circuit that monitors the P wave, QT interval, and T wave of the patient.
Static ECG Tester:
The static ECG tester is a device used to test the heart's response to exercise and rest. It creates an electrical record of the heart's rhythm by monitoring the time between when a person starts breathing and when their heartbeat is detected.
The global static ecg tester market was valued at USD 943 million in 2015.
Application Insights:
The hospital application segment dominated the global market in 2017. The segment is expected to witness a CAGR of XX% over the forecast period owing to factors such as high usage rate of ECG monitors in hospitals and rising awareness about cardiac diseases among individuals aged 50 years and above. In addition, increasing R&D investments by major players for developing advanced products for use in hospitals is further anticipated to drive the growth of this segment over the forecast period.
The other application segment includes clinics and non-clinical facilities such as educational institutions, rehabilitation centers, sports training facilities, etc.
Regional Analysis:
North America dominated the global market in 2017. The growing prevalence of cardiac disorders, rising adoption of wearable devices, and increasing demand for home healthcare are some factors responsible for regional growth. Moreover, the presence of key players such as Abbott Laboratories; Alta Devices Inc.; and Medtronic has also fueled the growth in this region.
Asia Pacific is expected to witness lucrative CAGR over the forecast period owing to a rise in awareness about cardiovascular diseases (CVDs), growing penetration of advanced products such as miniaturized models with wireless connectivity and lower prices, increase in disposable income levels especially among middle-class households that can afford private health insurance plans along with government subsidies on ECG monitoring services provided by clinics or hospitals. These aforementioned factors are anticipated to drive demand during the forecast period from 2018 to 2030 (estimated years).
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 SMD ECG monitors
Scope Of The Report
Report Attributes
Report Details
Report Title
SMD ECG Monitor Market Research Report
By Type
Holter ECG Tester, Static ECG Tester
By Application
Hospital, Clinic, Other
By Companies
GE Healthcare, Philips, Suzuken, Fukuda Denshi, Hill-Rom, NIHON KOHDEN, Schiller, MidMark, Mindray, Spacelabs Healthcare, EDAN
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global SMD ECG Monitor Market Report Segments:
The global SMD ECG Monitor market is segmented on the basis of:
Types
Holter ECG Tester, Static ECG Tester
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, 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:
- GE Healthcare
- Philips
- Suzuken
- Fukuda Denshi
- Hill-Rom
- NIHON KOHDEN
- Schiller
- MidMark
- Mindray
- Spacelabs Healthcare
- EDAN
Highlights of The SMD 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:
- Holter ECG Tester
- Static ECG Tester
- By Application:
- Hospital
- Clinic
- 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 SMD 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:
- 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?
A SMD ECG monitor is a small, portable device that uses an electrocardiogram (ECG) to measure the electrical activity of the heart. This information can be used to diagnose heart conditions and assess treatment progress.
Some of the major players in the smd ecg monitor market are GE Healthcare, Philips, Suzuken, Fukuda Denshi, Hill-Rom, NIHON KOHDEN, Schiller, MidMark, Mindray, Spacelabs Healthcare, EDAN.
The smd ecg monitor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SMD 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 SMD ECG Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SMD 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 SMD 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 SMD ECG Monitor Market Size & Forecast, 2020-2028
4.5.1 SMD ECG Monitor Market Size and Y-o-Y Growth
4.5.2 SMD ECG Monitor 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 ECG Tester
5.2.2 Static ECG Tester
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 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SMD 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 SMD 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 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 ECG Tester
9.6.2 Static ECG Tester
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 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 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 ECG Tester
10.6.2 Static ECG Tester
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 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 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 ECG Tester
11.6.2 Static ECG Tester
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 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 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 ECG Tester
12.6.2 Static ECG Tester
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 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) 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 ECG Tester
13.6.2 Static ECG Tester
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 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 SMD ECG Monitor Market: Competitive Dashboard
14.2 Global SMD ECG Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Philips
14.3.3 Suzuken
14.3.4 Fukuda Denshi
14.3.5 Hill-Rom
14.3.6 NIHON KOHDEN
14.3.7 Schiller
14.3.8 MidMark
14.3.9 Mindray
14.3.10 Spacelabs Healthcare
14.3.11 EDAN
