Electrocardiograph Market to Grow at 4.60% CAGR by 2030
Increasing number of patient suffering from the cardiovascular diseases (CVD), increasing demand for the ECG machines, and changing lifestyle of the people are the major factors which are expected to drive the growth of Electrocardiograph (ECG) industry during the forecast period of 2020-2030.
The Electrocardiograph (ECG) Market is expected to witness a CAGR of around 4.60% from 2020-2030, as per a new report published by Next Move Strategy Consulting.
Electrocardiograph machines are the medical devices used in the measurement of the blood pressure of the patient. ECG Leadwires are attached to the electrocardiograph machines to give the representation of the heart's electrical activity from electrodes on the body surface
According to the report, during last few years, there is a significant increase in the prevalence of cardiovascular diseases. High blood pressure is one of the most majorly occurring complications to the people across the globe. According to the WHO, over 60% of the total global population is suffering from acute or chronic blood pressure disease. Increasing number of patient suffering from the cardiovascular diseases (CVD), increasing demand for the electrocardiograph (ECG) machines, and changing lifestyle of the people driven the growth of the electrocardiograph market. Rapid changes in the lifestyle which is resulting into lifestyle diseases is one the recently observed electrocardiograph (ECG) market trend. Diabetes and obesity is the major cause for the CVD. According to the WHO, over 422 million people across the globe were suffering from diabetes. Increasing diabetic and obese population, adoption of the deskbound lifestyle and increasing government support for introducing advanced devices has supported the growth of the electrocardiograph (ECG) market.
On the basis of products, market is segmented into resting ECG, stress ECG, and halter monitors. The resting ECG devices dominates the global electrocardiograph (ECG) market size in terms of revenue owing to the continuously increasing demand for the resting EGC from hospital, clinics and others. On the other hand, halter monitors is expected to have a fastest growth owing to the increasing consumption of the devices being various advantages over traditional devices.
By lead type, the market is segmented into single lead, 3-6 type, 12 lead type and other lead. 3-6 type holds the major share in the electrocardiograph (ECG) market and is expected to show significant growth during the forecasted period. High efficiency rate of these devices with low cost have led to hold the major ECG market size.
On the basis end use, the market is segmented into Hospitals & Clinics, Home Settings & Ambulatory Surgical Centers (ASCs), and Others. The hospital holds the major electrocardiograph (ECG) market share in the owing to rising the number of hospital and clinics across the floe and high expenditure budgets of the hospital.
According to the report, some the key players in the Electrocardiograph (ECG) market are Spacelabs Healthcare Inc., Cardionet Inc., AMEDTEC Medizintechnik Aue GmbH, Bionet, Cardiac Science, Midmark Corporation, Welch Allyn, Compumed Inc., and BPL Medical Technologies
Browse key industry insights spread across 192 pages with 231 market data tables & 30 figures & charts from the report, “Electrocardiograph (ECG) Market Size By product (Resting ECG, Stress ECG, and Halter Monitors), By lead type (Single Lead, 3-6 Lead, and 12-Lead), By end users (Hospitals & Clinics, Home Settings & Ambulatory Surgical Centers (ASCs), and Others), Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:
Key Insights from the Electrocardiograph (ECG) Market Report:
- Halter monitors is expected to have a fastest growth owing to the increasing consumption of the devices being various advantages over traditional devices
- 3-6 type holds the major share in the electrocardiograph market owing to high efficiency rate of these devices with low cost have driven the growth of the segment.
- The prominent player in the ECG market are Spacelabs Healthcare Inc., Cardionet Inc., AMEDTEC Medizintechnik Aue GmbH, Bionet, Cardiac Science, Midmark Corporation, Welch Allyn, Compumed Inc., and BPL Medical Technologies.
The report Electrocardiograph (ECG) Market – Segmented by Vector, Therapy and Geography
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