U.S. ECG Equipment Market Size, Share & Forecast to 2030

The U.S. ECG equipment market size is expected to reach USD 3.31 billion by 2030, registering a CAGR of 6.5% from 2023 to 2030. Rise in prevalence of cardiovascular diseases in the country, availability of various monitoring devices, and technological advancements are among key factors driving the U.S. electrocardiograph device market.

Increase in investment by various market players and the U.S. government for development and commercialization of various easy-to-use equipment is also likely to drive the market. For instance, in September 2017, the U.S. FDA approved an app-driven, easy-to-clean, and fully reusable ECG device manufactured by NimbleHeart. The device can be wrapped around a user’s torso and used without electrolytic gels and adhesives. Hence, it can be cleaned easily, thereby making the product ideal for multi-patient use.

In May 2018, Preventice Solutions launched BodyGuardian Mini, a reusable long-term and smallest Holter technology for cardiac monitoring. The new technology includes an ultra-small cardiac monitor that can measure ECG up to 14 days and can transfer data to a physician in an easy-to-read report. Hence, launch of such technologically advanced products to address the needs of physicians and patients is expected to boost market growth in the coming years.

U.S. ECG Equipment Market Report Highlights

The resting electrocardiograph segment accounted for the largest revenue share of 46.3% in 2022, owing to a better exchange of information through Cardiovascular Information Systems (CVIS) and electronic health records, which simplifies ECG workflow and reduces the complexity associated with integration
The Holter monitoring system segment is expected to expand at the fastest CAGR of 7.6% from 2023 to 2030. This can be attributed to the commercialization of various products in recent years and increased demand by physicians and patients due to their portable nature
Hospitals held the highest market share of around 39% in 2022, as the majority of patients rely on hospitals rather than other healthcare facilities due to the availability of well-equipped devices and the latest monitoring software
Electrocardiograph equipment is frequently used in hospitals, ambulatory care centers, and other settings. The other end-uses segment is expected to register significant CAGR over the forecast period from 2023 to 2030
Several players in the ECG equipment market in the U.S. are focusing on product approvals, regional expansions, and formation of partnerships to add new and innovative products to their portfolio and increase their market share

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.1.1. Type
1.1.2. End-use
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. End-use outlook
2.3. Competitive Insights

Chapter 3. U.S. ECG Equipment Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. U.S. ECG Equipment Market Analysis Tools
3.4.1. Industry Analysis - Porter’s Five Forces
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic Landscape

Chapter 4. U.S. ECG Equipment Market: Type Estimates & Trend Analysis

4.1. U.S. ECG Equipment Market: Key Takeaways
4.2. U.S. ECG Equipment Market: Type Movement & Market Share Analysis, 2022 & 2030
4.3. Resting ECG Systems
4.3.1. Resting ECG systems market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Holter Monitors
4.4.1. Holter monitors market estimates and forecasts, 2018 to 2030 (USD Million)
4.5. Stress ECG Monitors
4.5.1. Stress ECG monitors market estimates and forecasts, 2018 to 2030 (USD Million)
4.6. Event Monitoring System
4.6.1. Event monitoring system market estimates and forecasts, 2018 to 2030 (USD Million)

Chapter 5. U.S. ECG Equipment Market: End-use Estimates & Trend Analysis

5.1. U.S. ECG Equipment Market: Key Takeaways
5.2. U.S. ECG Equipment Market: End-use Movement & Market Share Analysis, 2022 & 2030
5.3. Hospitals
5.3.1. Hospitals market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Ambulatory Care
5.4.1. Ambulatory care market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Others
5.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)

Chapter 6. Competitive Landscape

6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company/Competition Categorization
6.2.1. BioTelemetry, Inc.
6.2.1.1. Company overview
6.2.1.2. Financial performance
6.2.1.3. Product benchmarking
6.2.1.4. Strategic initiatives
6.2.2. CompuMed, Inc.
6.2.2.1. Company overview
6.2.2.2. Financial performance
6.2.2.3. Product benchmarking
6.2.2.4. Strategic initiatives
6.2.3. GE HealthCare
6.2.3.1. Company overview
6.2.3.2. Financial performance
6.2.3.3. Product benchmarking
6.2.3.4. Strategic initiatives
6.2.4. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
6.2.4.1. Company overview
6.2.4.2. Financial performance
6.2.4.3. Product benchmarking
6.2.4.4. Strategic initiatives
6.2.5. Hill-Rom Services, Inc.
6.2.5.1. Company overview
6.2.5.2. Financial performance
6.2.5.3. Product benchmarking
6.2.5.4. Strategic initiatives
6.2.6. NIHON KOHDEN CORPORATION
6.2.6.1. Company overview
6.2.6.2. Financial performance
6.2.6.3. Product benchmarking
6.2.6.4. Strategic initiatives
6.2.7. Schiller AG
6.2.7.1. Company overview
6.2.7.2. Financial performance
6.2.7.3. Product benchmarking
6.2.7.4. Strategic initiatives
6.2.8. Koninklijke Philips N.V.
6.2.8.1. Company overview
6.2.8.2. Financial performance
6.2.8.3. Product benchmarking
6.2.8.4. Strategic initiatives
6.2.9. CardioComm Solutions, Inc.
6.2.9.1. Company overview
6.2.9.2. Financial performance
6.2.9.3. Product benchmarking
6.2.9.4. Strategic initiatives
6.2.10. McKesson Corporation
6.2.10.1. Company overview
6.2.10.2. Financial performance
6.2.10.3. Product benchmarking
6.2.10.4. Strategic initiatives

List of Tables

Table 1 List of Abbreviations
Table 2 U.S. ECG equipment market, by type, 2018-2030 (USD Million)
Table 3 U.S. ECG equipment market, by end-use, 2018-2030 (USD Million)

List of Figures

Figure 1 Market research process
Figure 2 Data triangulation techniques
Figure 3 Primary research pattern
Figure 4 Market research approaches
Figure 5 Value-chain-based sizing & forecasting
Figure 6 QFD modeling for market share assessment
Figure 7 Market formulation & validation
Figure 8 U.S. ECG equipment: market outlook
Figure 9 U.S. ECG equipment competitive insights
Figure 10 Parent market outlook
Figure 11 Related/ancillary market outlook
Figure 12 Penetration and growth prospect mapping
Figure 13 Industry value chain analysis
Figure 14 U.S. ECG equipment market driver impact
Figure 15 U.S. ECG equipment market restraint impact
Figure 16 U.S. ECG equipment market strategic initiatives analysis
Figure 17 U.S. ECG equipment market: Type movement analysis
Figure 18 U.S. ECG equipment market: Type outlook and key takeaways
Figure 19 Resting ECG system market estimates and forecasts, 2018-2030 (USD Million)
Figure 20 Holter monitors market estimates and forecasts, 2018-2030 (USD Million)
Figure 21 Stress ECG monitors market estimates and forecasts, 2018-2030 (USD Million)
Figure 22 Event monitoring system market estimates and forecasts, 2018-2030 (USD Million)
Figure 23 U.S. ECG equipment market: End-use movement analysis
Figure 24 U.S. ECG equipment market: End-use outlook and key takeaways
Figure 25 Hospitals market estimates and forecasts, 2018-2030 (USD Million)
Figure 26 Ambulatory care market estimates and forecasts, 2018-2030 (USD Million)
Figure 27 Others market estimates and forecasts, 2018-2030 (USD Million)

Companies Mentioned

BioTelemetry, Inc.
CompuMed, Inc.
GE HealthCare
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Hill-Rom Services, Inc.
NIHON KOHDEN CORPORATION
Schiller AG
Koninklijke Philips N.V.
CardioComm Solutions, Inc.
McKesson Corporation

Methodology

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Table Information

Report Attribute	Details
No. of Pages	100
Published	December 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 2.01 Billion
Forecasted Market Value ( USD ) by 2030	$ 3.31 Billion
Compound Annual Growth Rate	6.5%
Regions Covered	United States
No. of Companies Mentioned	10

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U.S. ECG Equipment Market Size, Share & Trends Analysis Report by Type (Resting ECG, Holter Monitors, Stress ECG Monitors, Event Monitoring System), End-use (Hospitals, Ambulatory Care, Others), and Segment Forecasts, 2023-2030

U.S. ECG Equipment Market Report Highlights

Table of Contents

Companies Mentioned

Methodology

Table Information

U.S. ECG Equipment Market Report Highlights

Table of Contents

Companies Mentioned

Methodology

Table Information

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