Electrocardiograph Market - Forecast(2024 - 2030)

Report Code: HCR 18563 Report Format: PDF + Excel

Electrocardiograph Market Overview

Electrocardiograph Market size in 2020 was estimated at $5.1 billion, growing at a CAGR of 5.8% during the forecast period 2021-2026. Electrocardiograph is a non-invasive test that used to check and record electrical activity of heart. Electrocardiograph is used to detect myocardial infarction, cardiac murmur, cardiac stress testing and fainting. Electrodes are placed on chest of the patient which record heart's electrical signals. Various technologies are used in ECG Systems such as portable and wireless ECG system. The lead type used in electrocardiograph are single lead, 3-6 lead, 12 leads. Electrocardiograph is quick and simplest test used to evaluate the heart. Rising prevalence of cardiovascular diseases such as heart attack, coronary artery diseases coupled with rising aging population is major factor driving the growth of the market. Moreover, growing technological development in electrocardiograph devices are further enhance the overall market demand for Electrocardiograph during the aforesaid period.

Electrocardiograph Market Report Coverage

The report: “Electrocardiograph Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electrocardiograph Market:

By Product Type: Rest ECG Systems, Stress ECG Systems, Holter ECG Systems, Others
By Technology: Portable ECG Systems, Wireless ECG Systems
By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12 Lead ECG
By End-User: Hospital & Clinics, Home & Ambulatory Care, Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Others), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand and Others), South America(Brazil, Argentina and others), and Rest of the World (Middle East and Africa)

Key Takeaways

  • In 2020, North America dominates the Electrocardiograph Market owing to rising incidence of cardiovascular diseases.
  • Increasing innovation and development in Electrocardiograph devices across the globe is driving the market growth of Electrocardiograph.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Electrocardiograph Market report.
  • High buying and maintenance cost and lack of skilled professional are challenging the growth of the market.


For More Details on This Report - Request for Sample

Electrocardiograph Market Segment Analysis- By Product Type

Based on the product type, Electrocardiograph Market is segmented into Rest ECG Systems, Stress ECG Systems, Holter ECG Systems, Others. The Holter ECG Systems segment is estimated to dominate the market during the period 2021-2026. This is attributed to the most common type of ambulatory monitoring ECG that leads to it is highly utilized for identification of cardiovascular diseases. The Rest ECG Systems, segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.3% during the period 2021-2026. This is mainly owing to it detect certain heart conditions such as hypertrophy of heart, ischemia, myocardial infarction, sequelae of myocardial infarction, cardiac arrhythmias and others, in less time. 

Electrocardiograph Market Segment Analysis- By End User

Based on the end-user, Electrocardiograph Market is segmented into Hospital & Clinics, Home & Ambulatory Care, Others. In 2020, Hospital & Clinics is estimated to hold major share in the market. This is mainly to increasing number of patients in the hospitals for the diagnosis of cardiovascular diseases. Moreover, rising expenditure on buying ECG devices in the hospitals is also contributing to the dominance of this segment. Also, Home & Ambulatory Care is projected to grow with a CAGR of 4.7% over the period 2021-2026. This is owing to Home & Ambulatory Care include continuous monitoring and care for the patient.

Electrocardiograph Market Segment Analysis- By Geography

North America dominated the Electrocardiograph market share accounting for 43% of the market in 2020. This is mainly owing to growing prevalence of cardiovascular diseases such as heart attack, coronary artery diseases in this region. According to, American Heart Association on Heart Diseases and Stroke, in 2017 around 800,000 deaths occurred owing to cardiovascular diseases in U.S. However, the Asia-Pacific region is projected to be the fastest-growing over the period 2021-2026. This is owing to rising expenditure on healthcare coupled with rising aging population.

Electrocardiograph Market Drivers

Increasing Prevalence of Cardiovascular Diseases

Increasing prevalence of cardiovascular diseases such as heart attack, coronary artery diseases across the globe is driving the growth of Electrocardiograph market. According to, World Health Organization (WHO), cardiovascular diseases are the leading cause of deaths in worldwide and causes around 17.9 million deaths each year. Moreover, rising number of geriatric population is also set to increase the market growth.

Rising Research and Development

Increase in research and development of advanced technology for Electrocardiograph device is also driving the market. New product development and innovation in designing in Electrocardiograph device for instance, in 2020, AliveCor, U.S. based company launched KardiaMobile 6L is a personal ECG device in India. Also, introduction of remote monitoring devices with single lead and portable ECG systemis also set to the growth of Electrocardiograph Market.

Electrocardiograph Market Challenges

High buying and maintenance cost of ECG device is challenging the market. Along with this lack of skilled professional for monitor Electrocardiograph are also further challenging the growth of the market.

Covid-19 Impact

Moreover, the outbreak of COVID-19 around the world has impacted all industries including healthcare industry. Covid- 19 affects the Electrocardiograph market including drastic reduction in Electrocardiograph owing to lack of visits to healthcare facilities such as hospitals and clinics. Also owing to widespread of coronavirus it affects workforce and staffing issues, procedural prioritisation. These affects Electrocardiograph market by cancellation of scheduled visit for primary care at hospitals and reflecting patients concern about infection.

Electrocardiograph Market Landscape

Product launches, Merger & Acquisitions, Joint Ventures and R&D activities are key strategies adopted by players in the Electrocardiograph Market. Electrocardiograph top 10 companies are GE Healthcare, Phillips Healthcare, Schiller Ag, Medtronic Plc., Midmark Corporation, Spacelabs Healthcare, Nihon Kohden Corporation, Cardionet, Mindray Medical, and Mortara Instrument Inc.,

Developments

In September 2020, AliveCor launched launched KardiaMobile 6L is a personal ECG device in India. The device helps to detect arrhythmias or irregular heartbeat, atrial fibrillation (AFib), bradycardia, and tachycardia.

Relevant Reports:

Electrophysiology Devices Market - Forecast(2021 - 2026)

Report Code: HCR 0399

Diagnostic Electrocardiograph Market- Forecast(2021-2026)

Report Code:  HCR 77264

For more Lifesciences and Healthcare Market reports, please click here

1. Electrocardiograph Market - Overview
    1.1 Definitions and Scope
2. Electrocardiograph Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Product Type
    2.3 Key trends by Technology
    2.4 Key trends by Lead Type
    2.5 Key trends by End User
    2.6 Key trends by Geography
3. Electrocardiograph Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Electrocardiograph Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Electrocardiograph Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Electrocardiograph Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
    6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Electrocardiograph Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Electrocardiograph Market – By Product Type(Market Size –$Million/$Billion)
    8.1 Rest ECG Systems
    8.2 Stress ECG Systems
    8.3 Holter ECG Systems
    8.4 Others
9. Electrocardiograph Market - By Technology(Market Size –$Million/$Billion)
    9.1 Portable ECG Systems
    9.2 Wireless ECG Systems
10. Electrocardiograph Market - By Lead Type(Market Size –$Million/$Billion)
    10.1 Single Lead ECG
    10.2 3-6 Lead ECG
    10.3 12 Lead ECG
11. Electrocardiograph Market - By End-User(Market Size –$Million/$Billion)
    11.1 Hospital/ Clinics
    11.2 Home & Ambulatory Care
    11.3 Others
12. Electrocardiograph Market - By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 U.K.
        12.2.2 France
        12.2.3 Germany
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Others
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Electrocardiograph Market - Entropy
14. Electrocardiograph Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. Electrocardiograph Market – Key Company List by Country Premium Premium
16. Electrocardiograph Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global ELECTROCARDIOGRAPH MARKET, BY PRODUCT Market 2023-2030 ($M)
1.1 RESTING ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Global Industry Research
1.2 STRESS ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Global Industry Research
1.3 HOLTER MONITORS Market 2023-2030 ($M) - Global Industry Research
1.3.1 Wired Holter Monitors Market 2023-2030 ($M)
1.3.2 Wireless Holter Monitors Market 2023-2030 ($M)
2.Global ELECTROCARDIOGRAPH MARKET, BY LEAD TYPE Market 2023-2030 ($M)
2.1 SINGLE LEAD ECG Market 2023-2030 ($M) - Global Industry Research
2.2 3-6 LEAD ECG Market 2023-2030 ($M) - Global Industry Research
2.3 12-LEAD ECG Market 2023-2030 ($M) - Global Industry Research
3.Global ELECTROCARDIOGRAPH MARKET, BY END USER Market 2023-2030 ($M)
3.1 HOSPITALS CLINICS Market 2023-2030 ($M) - Global Industry Research
3.2 HOME SETTINGS AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Global Industry Research
4.Global ELECTROCARDIOGRAPH MARKET, BY PRODUCT Market 2023-2030 (Volume/Units)
4.1 RESTING ELECTROCARDIOGRAPH Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 STRESS ELECTROCARDIOGRAPH Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 HOLTER MONITORS Market 2023-2030 (Volume/Units) - Global Industry Research
4.3.1 Wired Holter Monitors Market 2023-2030 (Volume/Units)
4.3.2 Wireless Holter Monitors Market 2023-2030 (Volume/Units)
5.Global ELECTROCARDIOGRAPH MARKET, BY LEAD TYPE Market 2023-2030 (Volume/Units)
5.1 SINGLE LEAD ECG Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 3-6 LEAD ECG Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 12-LEAD ECG Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global ELECTROCARDIOGRAPH MARKET, BY END USER Market 2023-2030 (Volume/Units)
6.1 HOSPITALS CLINICS Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 HOME SETTINGS AMBULATORY SURGICAL CENTERS Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America ELECTROCARDIOGRAPH MARKET, BY PRODUCT Market 2023-2030 ($M)
7.1 RESTING ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
7.2 STRESS ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
7.3 HOLTER MONITORS Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Wired Holter Monitors Market 2023-2030 ($M)
7.3.2 Wireless Holter Monitors Market 2023-2030 ($M)
8.North America ELECTROCARDIOGRAPH MARKET, BY LEAD TYPE Market 2023-2030 ($M)
8.1 SINGLE LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
8.2 3-6 LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
8.3 12-LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
9.North America ELECTROCARDIOGRAPH MARKET, BY END USER Market 2023-2030 ($M)
9.1 HOSPITALS CLINICS Market 2023-2030 ($M) - Regional Industry Research
9.2 HOME SETTINGS AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
10.South America ELECTROCARDIOGRAPH MARKET, BY PRODUCT Market 2023-2030 ($M)
10.1 RESTING ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
10.2 STRESS ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
10.3 HOLTER MONITORS Market 2023-2030 ($M) - Regional Industry Research
10.3.1 Wired Holter Monitors Market 2023-2030 ($M)
10.3.2 Wireless Holter Monitors Market 2023-2030 ($M)
11.South America ELECTROCARDIOGRAPH MARKET, BY LEAD TYPE Market 2023-2030 ($M)
11.1 SINGLE LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
11.2 3-6 LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
11.3 12-LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
12.South America ELECTROCARDIOGRAPH MARKET, BY END USER Market 2023-2030 ($M)
12.1 HOSPITALS CLINICS Market 2023-2030 ($M) - Regional Industry Research
12.2 HOME SETTINGS AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
13.Europe ELECTROCARDIOGRAPH MARKET, BY PRODUCT Market 2023-2030 ($M)
13.1 RESTING ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
13.2 STRESS ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
13.3 HOLTER MONITORS Market 2023-2030 ($M) - Regional Industry Research
13.3.1 Wired Holter Monitors Market 2023-2030 ($M)
13.3.2 Wireless Holter Monitors Market 2023-2030 ($M)
14.Europe ELECTROCARDIOGRAPH MARKET, BY LEAD TYPE Market 2023-2030 ($M)
14.1 SINGLE LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
14.2 3-6 LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
14.3 12-LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
15.Europe ELECTROCARDIOGRAPH MARKET, BY END USER Market 2023-2030 ($M)
15.1 HOSPITALS CLINICS Market 2023-2030 ($M) - Regional Industry Research
15.2 HOME SETTINGS AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
16.APAC ELECTROCARDIOGRAPH MARKET, BY PRODUCT Market 2023-2030 ($M)
16.1 RESTING ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
16.2 STRESS ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
16.3 HOLTER MONITORS Market 2023-2030 ($M) - Regional Industry Research
16.3.1 Wired Holter Monitors Market 2023-2030 ($M)
16.3.2 Wireless Holter Monitors Market 2023-2030 ($M)
17.APAC ELECTROCARDIOGRAPH MARKET, BY LEAD TYPE Market 2023-2030 ($M)
17.1 SINGLE LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
17.2 3-6 LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
17.3 12-LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
18.APAC ELECTROCARDIOGRAPH MARKET, BY END USER Market 2023-2030 ($M)
18.1 HOSPITALS CLINICS Market 2023-2030 ($M) - Regional Industry Research
18.2 HOME SETTINGS AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
19.MENA ELECTROCARDIOGRAPH MARKET, BY PRODUCT Market 2023-2030 ($M)
19.1 RESTING ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
19.2 STRESS ELECTROCARDIOGRAPH Market 2023-2030 ($M) - Regional Industry Research
19.3 HOLTER MONITORS Market 2023-2030 ($M) - Regional Industry Research
19.3.1 Wired Holter Monitors Market 2023-2030 ($M)
19.3.2 Wireless Holter Monitors Market 2023-2030 ($M)
20.MENA ELECTROCARDIOGRAPH MARKET, BY LEAD TYPE Market 2023-2030 ($M)
20.1 SINGLE LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
20.2 3-6 LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
20.3 12-LEAD ECG Market 2023-2030 ($M) - Regional Industry Research
21.MENA ELECTROCARDIOGRAPH MARKET, BY END USER Market 2023-2030 ($M)
21.1 HOSPITALS CLINICS Market 2023-2030 ($M) - Regional Industry Research
21.2 HOME SETTINGS AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Electrocardiograph Market Revenue, 2023-2030 ($M)
2.Canada Electrocardiograph Market Revenue, 2023-2030 ($M)
3.Mexico Electrocardiograph Market Revenue, 2023-2030 ($M)
4.Brazil Electrocardiograph Market Revenue, 2023-2030 ($M)
5.Argentina Electrocardiograph Market Revenue, 2023-2030 ($M)
6.Peru Electrocardiograph Market Revenue, 2023-2030 ($M)
7.Colombia Electrocardiograph Market Revenue, 2023-2030 ($M)
8.Chile Electrocardiograph Market Revenue, 2023-2030 ($M)
9.Rest of South America Electrocardiograph Market Revenue, 2023-2030 ($M)
10.UK Electrocardiograph Market Revenue, 2023-2030 ($M)
11.Germany Electrocardiograph Market Revenue, 2023-2030 ($M)
12.France Electrocardiograph Market Revenue, 2023-2030 ($M)
13.Italy Electrocardiograph Market Revenue, 2023-2030 ($M)
14.Spain Electrocardiograph Market Revenue, 2023-2030 ($M)
15.Rest of Europe Electrocardiograph Market Revenue, 2023-2030 ($M)
16.China Electrocardiograph Market Revenue, 2023-2030 ($M)
17.India Electrocardiograph Market Revenue, 2023-2030 ($M)
18.Japan Electrocardiograph Market Revenue, 2023-2030 ($M)
19.South Korea Electrocardiograph Market Revenue, 2023-2030 ($M)
20.South Africa Electrocardiograph Market Revenue, 2023-2030 ($M)
21.North America Electrocardiograph By Application
22.South America Electrocardiograph By Application
23.Europe Electrocardiograph By Application
24.APAC Electrocardiograph By Application
25.MENA Electrocardiograph By Application
26.JOHNSON AND JOHNSON, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.MORTARA INSTRUMENT, INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.MEDTRONIC PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.MINDRAY MEDICAL INTERNATIONAL LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.NIHON KOHDEN CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.OSI SYSTEMS FUKUDA DENSHI CO LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.OPTO CIRCUITS LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.PHILIPS HEALTHCARE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.SCHILLER AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)