Report Id: SNS/HC/1042 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
ECG Equipment and Management System Market Size was valued at USD 6.95 billion in 2022, and is estimate to reach USD 10.42 billion by 2030, with a growing CAGR of 5.9% over the forecast period 2023-2030. 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 percent of the world's population (617 million) is 65 or older. In 2017, 25.7 percent of Europe's population was 60 or older, with that number expected to rise to 32.2 percent by 2050.
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.
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.
The fierce competition between the sellers in this market
A huge number of product recalls and low reimbursement rates for cardiovascular disorders
The increased use of monitoring equipment due to the aging population and advances in imaging modalities
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.
The ECG equipment and management systems market is going to be estimated by a CAGR of 6.38% from 2022 to 2028 with a forecast period of USD 9.77 billion by 2028.
KEY Market Segmentation:
Resting ECG System
Stress ECG Monitors
Event Monitoring Systems
ECG Management Systems
Hospitals & Clinics
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.
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 6.95 Billion|
|Market Size by 2030||US$ 10.42 Billion|
|CAGR||CAGR of 5.9% From 2023 to 2030|
|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 (FAQ) :
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.
The worldwide ECG Equipment and management system market is anticipated to arrive at USD 9.77 billion by 2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
4.3 Impact of Recession
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
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
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
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