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Report Scope & Overview:

The ECG Equipment and Management System Market is anticipated to arrive at USD 9.77 billion by 2030. From 2023 to 2030, the market is assessed to develop at a CAGR of 6.38%. During the forecast time frame, the rising pervasiveness of cardiovascular arrhythmia and mechanical enhancements are supposed to drive market development.

The growing elderly population is likely to be a major driver of the ECG equipment and management system market. The National Institute on Aging (NIA), which is part of the National Institutes of Health, estimates that 8.5% of the world's population (617 million) is 65 or older. In 2017, 25.7% of Europe's population was 60 or older, with that number expected to rise to 32.2% by 2050.

ECG Equipment and Management Systems Market Revenue Analysis

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Diabetes and cardiovascular disease risk rise with age, resulting in a higher prevalence of both diseases in persons aged 60 and up. According to research published by the American Heart Association in 2016, around 85.6 million adults in the United States suffer from one or more cardiovascular illnesses, including approximately 43.7 million adults over the age of 60.

Market Dynamics

Drivers

  • The important reasons supporting ECG market share growth are technological advances in ECG devices.

  • An increase in the demand for ECG is due to an increase in the number of ECG examinations performed for those at risk of cardiac illness.

Restrains

  • The fierce competition between the sellers in this market

  • A huge number of product recalls and low reimbursement rates for cardiovascular disorders

Opportunities

  • The increased use of monitoring equipment due to the aging population and advances in imaging modalities

Challenges

  • A scarcity of qualified electrocardiograph operators

Impact Of COVID-19 Analysis

Covid-19 has had an impact on the Electrocardiograph market, resulting in a considerable decline in Electrocardiograph sales due to a lack of visits to healthcare facilities such as hospitals and clinics. The proliferation of the coronavirus has an impact on workforce and staffing difficulties, as well as the prioritization of procedures. These factors have influenced the Electrocardiograph market by causing primary care appointments to be canceled in hospitals and reflecting patients' fears of infection.

KEY Market Segmentation:

By Type

  • Holter Monitors

  • Resting ECG System

  • Stress ECG Monitors

  • Event Monitoring Systems

  • ECG Management Systems

By End-use

  • Hospitals & Clinics

  • Ambulatory Facilities

  • Others

ECG Equipment and Management Systems Market Segmentation Analysis

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Regional Analysis

Because of the high prevalence of cardiovascular illnesses, higher healthcare expenditure, and a large senior population base, the North American electrocardiograph market dominated the global ECG market in 2021 furthermore, is probably going to keep on doing as such during the forecast time frame.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players:

Teh Major Players are BioTelemetry Inc, CompuMed, Inc, Mindray Medical, Hill Rom, Nihon Kohden Corporation, McKesson Corporation, Drägerwerk AG & Co. KGaA Mindray Bio-Medical Electronics Co Ltd, Meditech Equipment Co Ltd, Schiller AG, Spacelabs Healthcare, Device Technologies, ZOLL Medical Corporation, Medical ECONET GmbH, GE Healthcare, Koninklijke Philips N.V, CardioComm Solutions, Inc. and Other Players.

BioTelemetry Inc-Company Financial Analysis

ECG Equipment and Management Systems Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 5.88 Billion
Market Size by 2030  US$ 9.77 Billion
CAGR  CAGR of 6.38% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, ECG Management Systems)
• By End-Use (Hospitals & Clinics, Ambulatory Facilities, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles BioTelemetry Inc, CompuMed, Inc, Mindray Medical, Hill Rom, Nihon Kohden Corporation, McKesson Corporation, Drägerwerk AG & Co. KGaA Mindray Bio-Medical Electronics Co Ltd, Meditech Equipment Co Ltd, Schiller AG, Spacelabs Healthcare, Device Technologies, ZOLL Medical Corporation, Medical ECONET GmbH, GE Healthcare, Koninklijke Philips N.V, CardioComm Solutions, Inc.
DRIVING FACTORS • The important reasons supporting ECG market share growth are technological advances in ECG devices.
• An increase in the demand for ECG is due to an increase in the number of ECG examinations performed for those at risk of cardiac illness.
OPPORTUNITIES • The fierce competition between the sellers in this market
• A huge number of product recalls and low reimbursement rates for cardiovascular disorders

Frequently Asked Questions

key drivers of the ECG Equipment and Management Systems Market is Increase in the demand for ECG due to an increase in the number of ECG examinations performed for those at risk of cardiac illness.

The challenge faced by the 3D Printed Wearables Market is a scarcity of qualified electrocardiograph operators.

The market is divided into two segments and the segments are by product type and by End-user.

North America had the greatest revenue share of the worldwide ECG Equipment and Management Systems market.

Ans: The ECG Equipment and management system market is to reach at USD 9.77 billion by 2030.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Global ECG Equipment and Management Systems Market Segmentation, by Type

8.1 Holter Monitors

8.2 Resting ECG System

8.3 Stress ECG Monitors

8.4 Event Monitoring Systems

8.5 ECG Management Systems

9. Global ECG Equipment and Management Systems Market   Segmentation, by End-Use

9.1 Hospitals & Clinics

9.2 Ambulatory Facilities

9.3 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2  Canada

10.2.3  Mexico

10.3     Europe

10.3.1  Germany

10.3.2  UK

10.3.3  France

10.3.4  Italy

10.3.5  Spain

10.3.6  The Netherlands

10.3.7  Rest of Europe

10.4     Asia-Pacific

10.4.1  Japan

10.4.2  South Korea

10.4.3  China

10.4.4  India

10.4.5  Australia

10.4.6  Rest of Asia-Pacific

10.5     The Middle East & Africa

10.5.1  Israel

10.5.2  UAE

10.5.3  South Africa

10.5.4  Rest

10.6     Latin America

10.6.1  Brazil

10.6.2  Argentina

10.6.3  Rest of Latin America

11. Company Profiles

11.1BioTelemetry, Inc.

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 GE Healthcare

11.3 CompuMed, Inc.

11.4 Schiller AG

11.5 Mindray Medical

11.6 Hill Rom

11.7 Nihon Kohden Corporation

11.8 Koninklijke Philips N.V.

11.9 Spacelabs Healthcare

11.10 McKesson Corporation

11.11 Drägerwerk AG & Co. KGaA

11.12 Mindray Bio-Medical Electronics Co., Ltd.

11.13 CardioComm Solutions, Inc.

11.14 Meditech Equipment Co., Ltd.

11.15 Device Technologies

11.16 ZOLL Medical Corporation

11.17 Medical ECONET GmbH.

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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