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ECG Equipment Market Size, Share & Trends Analysis Report By Product, By Lead (Single Lead ECG, 3 Lead ECG, 2 Lead ECG, 6 Lead ECG, 12-Lead ECG), By End Use (Hospitals), By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 100 Pages
  • August 2024
  • Region: Global
  • Grand View Research
  • ID: 5998981
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ECG Equipment Market Growth & Trends

The global ECG equipment market is expected to reach USD 13.94 billion by 2030, exhibiting a CAGR of 7.2% from 2024 to 2030. The rising incidences of cardiovascular disorders and government initiatives to make people aware about health check-ups are expected to boost market growth. In addition, the change in the medical preference from acute intervention to preventive care is expected to increase the demand for more accurate and cost-effective methods for heart monitoring.

According to the WHO, in 2012, around 17.5 million people died due to cardiovascular diseases. This is due to the late diagnosis and absence of early symptoms as the patient fails to keep record of his vital signs.

Owing to the increasing incidences, government is undertaking various awareness programs. According to the American Heart Association (AHA), 56% women identified heart disease as a leading cause of death in 2012 as compared to 30% in 1997.

ECG Equipment Market Report Highlights

  • Resting ECG systems products dominated the market and accounted for a share of 40.7% in 2023. These devices are widely employed in managing cardiovascular disease due to their cost-effectiveness, space-efficient design, and user-friendly nature.
  • 6-Lead ECG accounted for the largest market revenue share of 32.05% in 2023. This growth is driven by its advanced features, including the capability to interpret data on cardiac health issues and its effectiveness in managing and diagnosing heart rhythm abnormalities, particularly in detecting atrial fibrillation and tachycardia.
  • The hospitals segment dominated the market in 2023. This dominance is largely due to the improved facilities available for patient care.
  • North America ECG equipment market dominated the market in 2023. Rising cases of cardiovascular diseases with enhanced healthcare infrastructure and technological advancement are factors behind the growth of the market in the region.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. ECG Equipment Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. ECG Equipment Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
Chapter 4. ECG Equipment Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. ECG Equipment Market: Product Movement Analysis, USD Million, 2023 & 2030
4.3. Resting ECG Systems
4.3.1. Resting ECG Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Holter Monitoring Systems
4.4.1. Holter Monitoring Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Stress ECG Monitors
4.5.1. Stress ECG Monitors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Event Monitoring Systems
4.6.1. Event Monitoring Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.7. Mobile Cardiac Telemetry Systems
4.7.1. Mobile Cardiac Telemetry Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. ECG Equipment Market: Lead Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. ECG Equipment Market: Lead Movement Analysis, USD Million, 2023 & 2030
5.3. Single Lead ECG
5.3.1. Single Lead ECG Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. 3 Lead ECG
5.4.1. 3 Lead ECG Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. 2 Lead ECG
5.5.1. 2 Lead ECG Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. 6 Lead ECG
5.6.1. 6 Lead ECG Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. 12-Lead ECG
5.7.1. 12-Lead ECG Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. ECG Equipment Market: End Use Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. ECG Equipment Market: End Use Movement Analysis, USD Million, 2023 & 2030
6.3. Hospitals
6.3.1. Hospitals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Ambulatory Surgical Centers
6.4.1. Ambulatory Surgical Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Others
6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. ECG Equipment Market: Regional Estimates & Trend Analysis
7.1. ECG Equipment Market Share, By Region, 2023 & 2030, USD Million
7.2. North America
7.2.1. North America ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. U.S. ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.3. Canada
7.2.3.1. Canada ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.4. Mexico
7.2.4.1. Mexico ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Europe ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.2. UK
7.3.2.1. UK ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.3. Germany
7.3.3.1. Germany ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.4. France
7.3.4.1. France ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.5. Italy
7.3.5.1. Italy ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.6. Spain
7.3.6.1. Spain ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.7. Denmark
7.3.7.1. Denmark ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.8. Sweden
7.3.8.1. Sweden ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.9. Norway
7.3.9.1. Norway ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.2. China
7.4.2.1. China ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.3. Japan
7.4.3.1. Japan ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.4. India
7.4.4.1. India ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.5. South Korea
7.4.5.1. South Korea ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.6. Australia
7.4.6.1. Australia ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.7. Thailand
7.4.7.1. Thailand ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
7.5.1. Latin America ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Brazil ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.3. Argentina
7.5.3.1. Argentina ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Middle East and Africa
7.6.1. Middle East and Africa ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.2. Saudi Arabia
7.6.2.1. Saudi Arabia ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.3. UAE
7.6.3.1. UAE ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.4. South Africa
7.6.4.1. South Africa ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.5. Kuwait
7.6.5.1. Kuwait ECG Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
8.4.1. Medtronic
8.4.1.1. Participant’s Overview
8.4.1.2. Financial Performance
8.4.1.3. Product Benchmarking
8.4.1.4. Recent Developments/ Strategic Initiatives
8.4.2. Johnson & Johnson Services, Inc.
8.4.2.1. Participant’s Overview
8.4.2.2. Financial Performance
8.4.2.3. Product Benchmarking
8.4.2.4. Recent Developments/ Strategic Initiatives
8.4.3. GE HealthCare
8.4.3.1. Participant’s Overview
8.4.3.2. Financial Performance
8.4.3.3. Product Benchmarking
8.4.3.4. Recent Developments/ Strategic Initiatives
8.4.4. Koninklijke Philips N.V.
8.4.4.1. Participant’s Overview
8.4.4.2. Financial Performance
8.4.4.3. Product Benchmarking
8.4.4.4. Recent Developments/ Strategic Initiatives
8.4.5. Schiller AG
8.4.5.1. Participant’s Overview
8.4.5.2. Financial Performance
8.4.5.3. Product Benchmarking
8.4.5.4. Recent Developments/ Strategic Initiatives
8.4.6. Spacelabs Healthcare
8.4.6.1. Participant’s Overview
8.4.6.2. Financial Performance
8.4.6.3. Product Benchmarking
8.4.6.4. Recent Developments/ Strategic Initiatives
8.4.7. AliveCor, Inc.
8.4.7.1. Participant’s Overview
8.4.7.2. Financial Performance
8.4.7.3. Product Benchmarking
8.4.7.4. Recent Developments/ Strategic Initiatives
8.4.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
8.4.8.1. Participant’s Overview
8.4.8.2. Financial Performance
8.4.8.3. Product Benchmarking
8.4.8.4. Recent Developments/ Strategic Initiatives
8.4.9. ACS Diagnostics
8.4.9.1. Participant’s Overview
8.4.9.2. Financial Performance
8.4.9.3. Product Benchmarking
8.4.9.4. Recent Developments/ Strategic Initiatives
8.4.10. Allengers
8.4.10.1. Participant’s Overview
8.4.10.2. Financial Performance
8.4.10.3. Product Benchmarking
8.4.10.4. Recent Developments/ Strategic Initiatives
8.4.11. Hill-Rom Services, Inc. (Baxter)
8.4.11.1. Participant’s Overview
8.4.11.2. Financial Performance
8.4.11.3. Product Benchmarking
8.4.11.4. Recent Developments/ Strategic Initiatives
8.4.12. NIHON KOHDEN CORPORATION
8.4.12.1. Participant’s Overview
8.4.12.2. Financial Performance
8.4.12.3. Product Benchmarking
8.4.12.4. Recent Developments/ Strategic Initiatives

Companies Mentioned

  • Medtronic
  • Johnson & Johnson Services, Inc.
  • GE HealthCare
  • Koninklijke Philips N.V.
  • Schiller AG
  • Spacelabs Healthcare
  • AliveCor, Inc.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • ACS Diagnostics.
  • Allengers
  • Hill-Rom Services, Inc. (Baxter)
  • NIHON KOHDEN CORPORATION

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedAugust 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 8.62 Billion
Forecasted Market Value ( USD ) by 2030 $ 13.94 Billion
Compound Annual Growth Rate7.2%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the ECG Equipment Market

The ECG Equipment market is a segment of the Medical Devices industry that focuses on the production and sale of electrocardiography (ECG) equipment. ECG equipment is used to measure and record the electrical activity of the heart, providing valuable information to medical professionals for diagnosis and treatment. ECG equipment includes a variety of products, such as ECG machines, ECG electrodes, ECG cables, ECG paper, and ECG accessories. The ECG Equipment market is driven by the increasing prevalence of cardiovascular diseases, technological advancements, and the growing demand for home-based ECG monitoring. The market is further supported by the increasing demand for remote patient monitoring, the rising geriatric population, and the growing awareness of the importance of early diagnosis and treatment of cardiovascular diseases. Some of the major companies in the ECG Equipment market include GE Healthcare, Philips Healthcare, Medtronic, Schiller AG, Nihon Kohden Corporation, Mindray Medical International Limited, Welch Allyn, Spacelabs Healthcare, Mortara Instrument, and Fukuda Denshi. Show Less Read more

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