Global Electrocardiograph Market Size By Product (Rest ECG Systems And Stress ECG Systems), By Technology (Portable ECG Systems and Wireless ECG Systems), By End Users (Hospitals & Clinics, and Home Settings & Ambulatory Surgical Centers), By Geography Scope And Forecast
Report ID: 317400|No. of Pages: 202
Global Electrocardiograph Market Size By Product (Rest ECG Systems And Stress ECG Systems), By Technology (Portable ECG Systems and Wireless ECG Systems), By End Users (Hospitals & Clinics, and Home Settings & Ambulatory Surgical Centers), By Geography Scope And Forecast
Electrocardiograph Market Size And Forecast
Electrocardiograph Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e.2023 to 2030.
The Global Electrocardiograph Market report provides a holistic evaluation of the market. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. The demand for Electrocardiography is likely to increase as the prevalence of cardiovascular disease rises. The Global Electrocardiograph Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
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Global Electrocardiograph Market Definition
ECG (Electrocardiography) can be defined as a method that measures the electrical as well as muscular activity of the heart through repeated cardiac cycles. It is used to electrocardiograms by evaluating the heart’s function and activity. The ECG records and interprets the electrical signals of the heart in real time, which is represented in a graph of voltage versus time of the electrical activity. An Electrocardiograph or ECG is often used for diagnosing and monitoring conditions affecting the heart. It is used to examine symptoms of a possible heart problem, such as chest pain, dizziness, palpitations (suddenly noticeable heartbeats), and shortness of breath.
There are 3 types of ECG: A resting ECG (carried out while the patient lying down in a comfortable position), A stress or exercise ECG (carried out while the patient is using an exercise bike or treadmill), and An ambulatory ECG (sometimes called a Holter monitor). Electrocardiograph (ECG) is a quick, safe, and painless test, mostly carried out by a specially trained healthcare professional at a hospital, or at a clinic. An ECG can help detect arrhythmias (where the heart beats too slowly, too quickly, or irregularly), coronary heart disease (where the heart’s blood supply is blocked or interrupted by a build-up of fatty substances), heart attacks, cardiomyopathy (where the heart walls become thickened or enlarged).
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Global Electrocardiograph Market Overview
The rapid growth in the aging population and the prevalence of chronic disease has necessitated the need for quality healthcare services and drugs. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), 6 people out of 10 people are affected by chronic diseases. Chronic disease is among the leading causes of death in the U.S. and it accounts for USD 3.5 trillion in annual healthcare costs. Chronic diseases include cancer, heart disease, chronic lung disease, chronic kidney disease, and diabetes.
Heart disease is one of the leading conditions of death in the United States. According to the Centers for Disease Control and Prevention (CDC), one person dies every 36 seconds in the United States from cardiovascular disease. Furthermore, About 655,000 Americans die from heart disease which makes one in every four deaths each year. With the increasing number of deaths due to cardiovascular diseases (CVD) in this region, the demand for branded generics and non-branded generic products is anticipated to grow over the estimated period.
According to the World Health Organization (WHO), cardiovascular disease is one of the leading causes of mortality across the globe. According to the study, cardiovascular diseases (CVDs) kill an estimated 17 million people each year. Furthermore, an increase in demand for invasive methods and lifestyle changes are enhancing the Electrocardiograph Market. Due to technological advancement, the ECG testing system is expected to grow at a rapid pace in the coming years. Moreover, scientific innovations and increased availability of advanced treatments are estimated to drive the Electrocardiograph Market. Limited availability of skilled clinicians with ECG information and expertise may inhibit the growth of the Electrocardiography devices industry.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Electrocardiograph Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the global Electrocardiograph Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Electrocardiograph Market Segmentation Analysis
The Global Electrocardiograph Market is Segmented on the basis of Product, Technology, End Users, And Geography.
Electrocardiograph Market, By Product
- Rest ECG Systems
- Stress ECG Systems
- Holter ECG Systems
- Others
Based on Product, the market is segmented into Rest ECG Systems, Stress ECG Systems, Holter ECG Systems, and Others. Factors such as a greater emphasis on early treatment and preventing disease, a rise in the number of resting ECG procedures, and technological developments play an important role in the resting ECG devices segment growth of the market.
Electrocardiograph Market, By Technology
- Portable ECG Systems
- Wireless ECG Systems
Based on Technology, the market is segmented into Portable ECG Systems and Wireless ECG Systems. A wireless ECG monitoring system is developed using flexible and dry capacitive electrodes for long-term monitoring of cardiovascular health. It is employed in manifold application fields such as telemonitoring, sports applications, and support to aging people at home.
Electrocardiograph Market, By End Users
- Hospitals & Clinics
- Home Settings & Ambulatory Surgical Centers (ASCs)
Based on End Users, the market is Hospitals & Clinics, and Home Settings & Ambulatory Surgical Centers (ASCs). Hospitals & Clinc is the largest growing segment of the Global Electrocardiograph Market. The availability of well-equipped devices and cutting-edge monitoring software.
Electrocardiograph Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the Global Electrocardiograph Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The United States represents the largest market for cardiovascular drugs and devices followed by Canada in the North American region, mainly due to increased awareness about various heart diseases.
Key Players
The “Global Electrocardiograph Market” study report will provide a valuable insight with an emphasis on global market including some of the major players GE Healthcare, Philips Healthcare, NIHON KOHDEN CORPORATION, Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Hill-Rom Services, Inc., BPL Medical Technologies, ACS Diagnostics, Allengers, AliveCor, Inc., and Spacelabs Healthcare.
Our market analysis also entails a section solely among others. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| KEY COMPANIES PROFILED | GE Healthcare, Philips Healthcare, NIHON KOHDEN CORPORATION, Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Hill-Rom Services, Inc., BPL Medical Technologies, |
| SEGMENTS COVERED | By Product, By Technology, By End Users, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Data Collection Matrix
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Industry Analysis Matrix
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