ECG Devices Market – Global Industry Analysis and Forecast (2023-2029)

Global ECG Sensor Patch Market is expected to grow at a CAGR of 40% during the forecast period and it is expected to reach US$ 372.34 Mn. by 2029.

ECG Devices Market Overview:

An electrocardiogram is a device, which records the electrical signals in the heart. It's a common and painless test used to quickly detect heart problems and monitor heart health. ECG device assists in identifying the appropriate therapy required for the patient as it diagnoses the types of heart diseases and arrhythmias present in a person's body. ECG Sensor Patch MarketTo know about the Research Methodology :- Request Free Sample Report

ECG Devices Market Dynamics:

Rising cases of cardiac diseases across the globe aids the growth of market. Cardiovascular disorders are the leading cause of death across the globe. According to the WHO factsheets in 2017, an estimated 17.7 million people died due to cardiovascular diseases. Of these deaths, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke. Since these diseases have become so common currently, the doctors recommend the ECG test to prevent the risk related to heart disease in people who are subjected to the factors causing heart disease. All these factors are propelling the market growth of ECG devices. Besides this, technological advances have helped in developing ECG devices with reduced size, and enhanced portability and that are easy to use. In May 2019, AliveCor received U.S. FDA clearance for its KardiaMobile 6L, a six-lead portable ECG device. The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.

ECG Devices Market Segment Analysis:

The global ECG Devices market is segmented on the basis of product, lead type and end-users. Based on Product, the monitoring ECG systems held a major market share of xx% in 2022. Technological advances are being made in monitoring devices, which include wireless technologies, algorithms, and enhanced connectivity capabilities. These factors increase the demand for this segment. It is further segmented into data monitoring, event monitoring, and cardiovascular monitoring.

Regional Insights:

North America is expected to dominate the global market throughout the forecast period. The rising prevalence of heart diseases in the USA is the main factor for market dominance. Also, increasing Research & development activities and clinical trials to demonstrate the benefits of early detection of cardiac diseases will aid the market growth. According to the World Health Organization (WHO), CVDs are the number one cause of death globally, with 17.9 million deaths every year. It remains the number one cause of death of all Americans, claiming more than 840,000 lives in 2022. This boosts the market revenue of North America. Europe accounts for the second-largest market share. According to the European Health Network, the statistics of cardiovascular diseases in 2022 recorded 3.9 million deaths in Europe due to various heart conditions. This increases the demand for ECG Sensor Patch in the region. Besides this, well-established medical infrastructure, high healthcare expenditures, and substantial investments in R&D activities boost the market growth. The report also helps in understanding Global ECG Devices Market dynamics, structure by analyzing the market segments and project the Global ECG Devices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global ECG Devices Market make the report investor’s guide.

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ECG Devices Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US$ 35.32 Mn.
Forecast Period 2023 to 2029 CAGR: 40% Market Size in 2029: US$ 372.34 Mn.
Segments Covered: by Product Event Monitoring Cardiovascular Monitoring Diagnostic ECG Systems Rest ECG Systems Stress ECG Systems Holter ECG Systems
by Lead Type Single Lead ECG 3-6 Lead ECG 12-Lead ECG
by End-Users Hospitals Diagnostic Centres Homecare Settings Others

ECG Devices Market, by Region:

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

Key Players are:

1.Philips Healthcare 2.Spacelabs Healthcare 3.Nihon Kohden Corporation 4.Schiller AG 5.Hill-Rom Holdings, Inc. 6.GE Healthcare 7.General Electric Company 8.Fukuda Denshi Co., Ltd. 9.EDAN Instruments, Inc. 10.CardioNet Inc. 11.Mindray Medical International Limited 12.Spacelabs Healthcare 13.Compumed Inc. 14.Welch Allyn Inc. 15.CardioComm Solutions, Inc. Frequently Asked Questions: 1. Which region has the largest share in Global ECG Devices Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global ECG Devices Market? Ans: The Global ECG Devices Market is growing at a CAGR of 40% during forecasting period 2023-2029. 3. What is scope of the Global ECG Devices market report? Ans: Global ECG Devices Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global ECG Devices market? Ans: The important key players in the Global ECG Devices Market are – Philips Healthcare, Spacelabs Healthcare, Nihon Kohden Corporation, Schiller AG, Hill-Rom Holdings, Inc., GE Healthcare, General Electric Company, Fukuda Denshi Co., Ltd., EDAN Instruments, Inc., CardioNet Inc., Mindray Medical International Limited, Spacelabs Healthcare, Compumed Inc., Welch Allyn Inc., CardioComm Solutions, and Inc. 5. What is the study period of this market? Ans: The Global ECG Devices Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global ECG Devices Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the ECG Devices Market 3.4. Geographical Snapshot of the ECG Devices Market, By Manufacturer share 4. Global ECG Devices Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global ECG Devices Market 5. Supply Side and Demand Side Indicators 6. Global ECG Devices Market Analysis and Forecast, 2022-2029 6.1. Global ECG Devices Market Size & Y-o-Y Growth Analysis. 7. Global ECG Devices Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Monitoring ECG Systems 7.1.1.1. Data Monitoring 7.1.1.2. Event Monitoring 7.1.1.3. Cardiovascular Monitoring 7.1.2. Diagnostic ECG Systems 7.1.2.1. Rest ECG Systems 7.1.2.2. Stress ECG Systems 7.1.2.3. Holter ECG Systems 7.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 7.2.1. Single Lead ECG 7.2.2. 3-6 Lead ECG 7.2.3. 12-Lead ECG 7.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 7.3.1. Hospitals 7.3.2. Diagnostic Centres 7.3.3. Homecare Settings 7.3.4. Others 8. Global ECG Devices Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America ECG Devices Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Monitoring ECG Systems 9.1.1.1. Data Monitoring 9.1.1.2. Event Monitoring 9.1.1.3. Cardiovascular Monitoring 9.1.2. Diagnostic ECG Systems 9.1.2.1. Rest ECG Systems 9.1.2.2. Stress ECG Systems 9.1.2.3. Holter ECG Systems 9.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 9.2.1. Single Lead ECG 9.2.2. 3-6 Lead ECG 9.2.3. 12-Lead ECG 9.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 9.3.1. Hospitals 9.3.2. Diagnostic Centres 9.3.3. Homecare Settings 9.3.4. Others 10. North America ECG Devices Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. ECG Devices Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 12. Canada ECG Devices Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 13. Mexico ECG Devices Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 14. Europe ECG Devices Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 15. Europe ECG Devices Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. ECG Devices Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 17. France ECG Devices Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 18. Germany ECG Devices Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 19. Italy ECG Devices Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 20. Spain ECG Devices Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 21. Sweden ECG Devices Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 22. CIS Countries ECG Devices Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 23. Rest of Europe ECG Devices Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 24. Asia Pacific ECG Devices Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 25. Asia Pacific ECG Devices Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China ECG Devices Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 27. India ECG Devices Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 28. Japan ECG Devices Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 29. South Korea ECG Devices Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 30. Australia ECG Devices Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 31. ASEAN ECG Devices Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 32. Rest of Asia Pacific ECG Devices Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 33. Middle East Africa ECG Devices Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 34. Middle East Africa ECG Devices Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa ECG Devices Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 36. GCC Countries ECG Devices Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 37. Egypt ECG Devices Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 38. Nigeria ECG Devices Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 39. Rest of ME&A ECG Devices Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 40. South America ECG Devices Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 41. South America ECG Devices Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil ECG Devices Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 43. Argentina ECG Devices Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 44. Rest of South America ECG Devices Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Lead Type, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global ECG Devices Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Philips Healthcare 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Spacelabs Healthcare 45.3.3. Nihon Kohden Corporation 45.3.4. Schiller AG 45.3.5. Hill-Rom Holdings, Inc. 45.3.6. GE Healthcare 45.3.7. General Electric Company 45.3.8. Fukuda Denshi Co., Ltd. 45.3.9. EDAN Instruments, Inc. 45.3.10. CardioNet Inc. 45.3.11. Mindray Medical International Limited 45.3.12. Spacelabs Healthcare 45.3.13. Compumed Inc. 45.3.14. Welch Allyn Inc. 45.3.15. CardioComm Solutions, Inc. 46. Primary Key Insights
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