Global Diagnostic Electrocardiograph Market is Projected to Grow at a CAGR of 6.4% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

The "Diagnostic Electrocardiograph (ECG) Market By Product (Resting ECG, Stress, Mobile Cardiac Telemetry Device, Implantable Loop Recorder) and Service, By Lead Type (12-lead, 6-lead, 5- lead), End User, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The diagnostic electrocardiograph (ECG) market is projected to grow at a CAGR of 6.4% during the forecast period

The global diagnostic electrocardiograph (ECG) market size is expected to reach USD 10.3 billion by 2024 from USD 7.5 billion in 2019, at a CAGR of 6.4% during the forecast period.

The scope of the report includes diagnostic ECG products and services used for the continuous monitoring, detection, and treatment of heart activities and abnormal heart rhythm (electric heart patterns).

The rising incidence of lifestyle-related cardiovascular diseases, growing geriatric population, and increasing technological advancements in wireless monitoring and wearable devices are the major factors driving the growth of the market. However, the dearth of skilled professionals is expected to restrain the growth of the diagnostic electrocardiograph (ECG) market to a certain extent.

The 3-lead ECG segment is expected to grow at the highest CAGR in the diagnostic electrocardiograph (ECG) market during the forecast period

By lead type, the diagnostic ECG market is divided into 12-lead, 5-lead, 3-lead, 6-lead, single-lead, and other lead types (15- and 18-lead). The 3-lead segment is expected to grow at the highest CAGR during the forecast period. This positive growth is due to the fact that these leads are used conjointly with various other cardiac diagnostic tests and during medical procedures.

Resting ECG devices held the largest share of the diagnostic electrocardiograph (ECG) industry in 2018

Based on products and services, the diagnostic electrocardiograph (ECG) market is classified into ECG devices, implantable loop recorders, event monitors, cardiac output monitors, mobile cardiac telemetry, and smart wearable ECG monitors. The large share of this segment can primarily be attributed to the increasing incidence of cardiovascular diseases, the wide application of ECG devices in CVD management, the development of technologically advanced devices, and government initiatives.

Hospitals, clinics, & cardiac centers held the largest share of the diagnostic electrocardiograph (ECG) market in 2018

Based on end-user, the diagnostic electrocardiograph (ECG) market is classified into hospitals, clinics, & cardiac centers; ambulatory surgical centers; and other end users. The large share of the hospitals, clinics, & cardiac centers segment can primarily be attributed to increasing the need for quality cardiology care and increasing prevalence of cardiovascular diseases, growing number of cardiac centers, increasing number of patient visits to physician offices for the diagnosis of CVDs, and the availability of reimbursements for Holter & event monitors across developed markets.

North America accounted for the largest share of the market in 2019

On the basis of region, the diagnostic electrocardiograph (ECG) market is segmented into North America, Europe, Asia, and RoW. North America accounted for the largest share of the diagnostic electrocardiograph (ECG) market in 2018. The large share of this regional segment can be attributed to the growth in the geriatric population and the subsequent growth in the prevalence of cardiovascular diseases, high accessibility to advanced technologies, increasing the development of innovative and technologically advanced products, and increasing healthcare expenditure in the region.

Reasons to Buy this Report:

  • Market Penetration: Comprehensive information on the portfolios offered by the top players in the diagnostic electrocardiograph (ECG) market. The report analyzes the market by product & service, lead type, end-user, and region.
  • Product Development: Detailed insights into the upcoming research & development activities and product launches in the diagnostic electrocardiograph (ECG) market.
  • Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the markets for diagnostic electrocardiograph (ECG) across regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the diagnostic electrocardiograph (ECG) industry.
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the key players in the diagnostic electrocardiograph (ECG) market.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Markets Covered

1.4 Years Considered for the Study

1.5 Currency

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.3 Primary Data

2.4 Market Size Estimation

2.5 Data Triangulation

3 Executive Summary

4 Premium Insights

4.1 Diagnostic Electrocardiograph Market Overview

4.2 Asia Pacific: Market Share, By End User & Country (2018)

5 Market Overview

5.1 Introduction

5.2 Market Dynamics: Drivers, Opportunities, and Challenges

5.2.1 Drivers

5.2.2 Opportunity

5.2.3 Challenge

5.2.4 Trend

5.3 Diagnostic Electrocardiograph Market, By Lead Type (2019-2024)

5.4 Geographic Snapshot of the Market

6 Diagnostic Electrocardiograph Market, By Product & Service

6.1 Introduction

6.2 Products

6.3 Resting ECG Devices

6.4 Stress ECG Devices

6.5 Implantable Loop Recorders

6.6 Mobile Cardiac Telemetry Devices

6.7 Event Monitors

6.8 Holter Monitors

6.9 Smart ECG Monitors

6.10 Software & Services

7 Diagnostic Electrocardiograph Market, By Lead Type

7.1 Introduction

7.2 12-Lead ECG Devices

7.3 5-Lead ECG Devices

7.4 3-Lead ECG Devices

7.5 6-Lead ECG Devices

7.6 Single-Lead ECG Devices

7.7 Other Lead Types

8 Diagnostic Electrocardiograph Market, By End User

8.1 Introduction

8.2 Hospitals, Clinics, and Cardiac Centers

8.3 Ambulatory Surgical Centers

8.4 Other End Users

9 Diagnostic Electrocardiograph Market, By Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Rest of the World

10 Competitive Landscape

10.1 Introduction

10.2 Market Share Analysis, 2018

10.3 Competitive Leadership Mapping (2019)

10.4 Diagnostic Electrocardiograph Market (Global) Competitive Leadership Mapping, 2019

10.5 Competitive Scenario

11 Company Profiles

11.1 GE Healthcare

11.2 Koninklijke Philips N.V.

11.3 Nihon Kohden Corporation

11.4 Hill-Rom Holdings, Inc.

11.5 MBU A/S

11.6 Schiller AG

11.7 ACS Diagnostics

11.8 BPL Technologies

11.9 Fukuda Denshi

11.10 Biotelemetry, Inc.

11.11 OSI Systems, Inc.

11.12 BTL

11.13 Allengers Medical Systems, Ltd.

11.14 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

11.15 Edan Instruments, Inc.

11.16 Cardioline Spa

11.17 Suzuken Co., Ltd.

11.18 Norav Medical

11.19 Bionet Co., Inc.

11.20 Vectracor, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/k3pwmk

View source version on businesswire.com: https://www.businesswire.com/news/home/20200127005490/en/

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