Medical Equipment

Global ECG Devices Market Outlook, Opportunities And Strategies

November 9, 2021 by The Business Research Company

Learn about the global ECG devices market through The Business Research Company, which provides information on ECG devices market size, ECG devices market drivers and restraints, ECG devices market players, the COVID-19 impact on the ECG devices market, and more.

The global ECG devices market is expected to grow from $4.89 billion in 2020 to $5.43 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth in the ECG devices market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ECG devices market is expected to reach $7.26 billion in 2025 at a CAGR of 7.5%.

The increasing incidence of cardiovascular diseases is expected to drive innovation in ECG devices manufacturing, thus driving the market during the forecast period.

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The ECG devices market consists of sales of ECG devices by entities (organizations, sole traders, and partnerships) that are used to record heart activities through electric signals and are amplified on the ECG monitor. The devices are used to diagnose various types of heart diseases and arrhythmias in a person’s body, therefore, assist the relevant therapy. The ECG devices market consists of revenue generated by the companies manufacturing the ECG devices.

Global ECG devices market segments include:

By Product: Monitoring ECG Systems, Diagnostic ECG Systems

By Technology: Portable ECG Systems, Wireless ECG Systems

By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG

By End User: Hospitals, Homecare Settings, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the ECG devices market in 2020.

The launch of advanced ECG devices is shaping the ECG devices market. Major companies operating in the ECG devices sector are focused on developing technological solutions for ECG devices to strengthen their position.

TBRC’s ECG devices market report covers:

Major Market Players: GE Healthcare, Koninklijke Philips N.V., Spacelabs Healthcare, CardioNet Inc., Schiller AG, Nihon Kohden Corporation, Medtronic PLC, OSI Systems, Mindray Medical International Limited, Hill-Rom Holdings Inc, BPL Medical Technologies, and Mortara Instrument Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The ECG Devices Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides ECG devices market overviews, analyzes and forecasts market size, share, ECG devices market players, ECG devices market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s ECG devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Wearable ECG Market Global Report 2020

Wearable ECG Monitors Global Market Report 2021

Cardiovascular Monitoring And Diagnostic Devices And Equipment Global Market Report 2021

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