Diagnostic Electrocardiograph (ECG) Market is Expected to Demonstrate a High CAGR Between 2020-2025

Posted June 2, 2020 by ReshuGupta

Global Diagnostic Electrocardiograph (ECG) Market: By Product Type, Lead Type, End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Others) and Region- Forecast to 2025
Global Diagnostic Electrocardiograph (ECG) Market Highlights

According to MRFR analysis, Global Diagnostic Electrocardiograph (ECG) Market is expected to register a CAGR of 6.72% during the forecast period of 2019 to 2025 and reach USD 10,487.24 Million by 2025.

Diagnostic electrocardiograph (ECG) is a test that is used for the detection of electrical signals that are produced by the heart every time it beats.

The growth of the global diagnostic electrocardiograph (ECG) market can be contributed to the increasing prevalence of cardiovascular diseases, rising geriatric population, and the developing healthcare infrastructure. According to data published by the World Health Organization (WHO), in February 2018, the world’s population over 60 years is expected to double from 12% in 2015 to 22% in 2050.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/8787

Furthermore, the rising incidence rate of lifestyle diseases, technological advancements in wireless monitoring & wearable devices, and the increasing R&D expenditure by market players to develop novel ECG devices are also expected to fuel the market growth during the forecast period.

However, the dearth of skilled professionals, uncertainty in market saturation & economic circumstances, and irregular reimbursement policies are expected to restrain the growth of the global diagnostic electrocardiograph (ECG) market.

Several market players such as Koninklijke Philips N.V., General Electric Company, and Nihon Kohden Corporation, among others currently dominate the global diagnostic electrocardiograph (ECG) market. The key players are involved in awareness campaigns, mergers, and strategic collaborations to strengthen their market positions. For instance, in May 2018, General Electric Company collaborated with Preventice Solutions, to expand its ECG services and create a more holistic solution for monitoring its ambulatory ECG patients.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2018, owing to the rising prevalence of cardiovascular diseases in the region. The diagnostic electrocardiograph (ECG) market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European diagnostic electrocardiograph (ECG) market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The diagnostic electrocardiograph (ECG) market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population, the market in Asia-Pacific is expected to be the fastest-growing. The diagnostic electrocardiograph (ECG) market in the Middle East & Africa has been divided into the Middle East and Africa.


The Global Diagnostic Electrocardiograph (ECG) Market has been segmented based on the product Type, Lead Type, and End User.

Based on the product type, the global diagnostic electrocardiograph (ECG) market has been segmented into resting ECG devices, stress ECG devices, implantable loop recorders, mobile cardiac telemetry devices, event monitors, Holter monitors, and smart ECG monitors. The resting ECG devices segment held the largest market share in 2018, owing to its high usage in hospitals across the world.

On the basis of lead type, the market has been segmented into 12-lead ECG devices, 5-lead ECG devices, 3-lead ECG devices, 6-lead ECG devices, and single-lead ECG devices. The 3-lead ECG devices segment is expected to grow at the fastest CAGR during the forecast period owing to its increasing usage in a variety of cardiac diagnostic tests.

The market based on end-user has been segmented into hospitals & clinics, ambulatory surgical centers, and others. The ambulatory surgical center's segment is expected to demonstrate the fastest growth during the forecast period due to its increasing popularity in developing countries.

Browse in-depth TOC on "Diagnostic Electrocardiograph (ECG) Market"
33 – Figures
90 – Pages

View Detailed Table of Content here: https://www.marketresearchfuture.com/reports/diagnostic-electrocardiograph-market-8787

Key Players

Some of the Key Players in the Global Diagnostic Electrocardiograph (ECG) Market are General Electric Company (US), Koninklijke Philips N.V. (Netherlands), Nihon Kohden Corporation (Japan), Hillrom Services, Inc. (US), Spacelabs Healthcare (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Schiller (Switzerland), ACS Diagnostics (US), BPL Medical Technologies (India), Fukuda Denshi (Japan), BTL (US), Edan Instruments, Inc. (China), Cardioline SpA (Italy), Norav Medical (US), Innomed Medical Inc. (Hungary), and VectraCor, Inc. (US).

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected] 
NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By reshu
Business Address WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers
Country India
Categories Blogging
Tags diagnostic electrocardiograph ecg , diagnostic electrocardiograph ecg market , diagnostic electrocardiograph market , ecg market
Last Updated June 2, 2020