Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Diagnostic Electrocardiograph Market: By Product Type, By Lead Type, By End User and Region Forecast 2020-2031
Diagnostic Electrocardiograph (ECG) market size was valued at US$ 7.0 billion in 2024 and is expected to reach US$ 12.1 billion by 2031, growing at a significant CAGR of 8.1% from 2025-2031. An electrocardiogram (ECG) machine is a simple test to check the heart's beat and electrical activity. Sensors attached to the skin are used to identify the electrical signals produced by the heart each time it beats. The 3-Lead ECG Devices segment is anticipated to grow at a significant CAGR over the forecast years because they are being used in conjunction with other cardiac diagnostic tests, telemetry monitoring, and medical procedures such as emergency, cardiac diagnostic testing, and heart disease management.
Moreover, the competitive market player is focusing on new product launches and acquisitions. For instance, In March 2018, Biotelemetry acquired Geneva Healthcare to strengthen its position in the remote cardiac monitoring devices market. A key factor driving the global market is the continuous growth in the prevalence of cardiovascular and lifestyle-related disorders such as ischemic heart disease, stroke, peripheral artery, and hypertensive heart disease, which leads to an increase in the death rate due to heart failure.
Study Period
2025-2031Base Year
2024CAGR
8.1%Largest Market
Asia-PacificFastest Growing Market
North-America
The growing geriatric population, which raises the risk of developing cardiovascular diseases, and increased public awareness about the availability of non-invasive treatments, are significant drivers driving the global diagnostic electrocardiograph (ECG) market. The growing prevalence of chronic heart disease in Western countries, fueled by lifestyle and eating habits changes, has boosted the demand for reliable testing tools such as diagnostic electrocardiograph devices. Moreover, Other factors driving growth in the global market include favorable government reimbursement policies, the expansion of healthcare infrastructure, and increased public and private sector R&D investments. However, high diagnostic electrocardiograph device prices, unpredictable economic circumstances, and the need for periodic maintenance checks are expected to hamper global market expansion throughout the projection period.
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2024 |
US$ 7.0 billion |
Market Size in 2031 |
US$ 12.1 billion |
Market CAGR |
8.1% |
By Product Type |
|
By Lead Type |
|
By End User |
|
By Region |
|
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The diagnostic electrocardiograph ecg market size was valued at US$ 7.0 billion in 2024 and is expected to reach US$ 12.1 billion by 2031, growing at a significant CAGR of 8.1% from 2025-2031.
The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.
The market key players General Electric Company (US), Koninklijke Philips N.V. (Netherlands), NIHON KOHDEN CORPORATION. (Japan), Hill-Rom Services Inc (US), Ambu A/S (Denmark), SCHILLER (India), ACS Diagnostics (US), FUKUDA DENSHI (Japan), BioTelemetry Inc (US), OSI Systems Inc (US), BTL (US), Allengers (India), Shenzhen Mindray Bio-Medical Electronics Co Ltd (China), EDAN Instruments Inc (China)
1.Executive Summary |
2.Global Diagnostic Electrocardiograph (ECG) Market Introduction |
2.1.Global Diagnostic Electrocardiograph (ECG) Market - Taxonomy |
2.2.Global Diagnostic Electrocardiograph (ECG) Market - Definitions |
2.2.1.Product Type |
2.2.2.Lead Type |
2.2.3.End User |
2.2.4.Region |
3.Global Diagnostic Electrocardiograph (ECG) Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Diagnostic Electrocardiograph (ECG) Market Analysis, 2020 - 2031 and Forecast 2025 - 2031 |
4.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Diagnostic Electrocardiograph (ECG) Market By Product Type, 2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
5.1. Resting ECG |
5.1.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Stress ECG Devices |
5.2.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Holter Monitors |
5.3.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Implantable Loop Recorders |
5.4.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Event Monitors |
5.5.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. MCT Devices |
5.6.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Smart ECG Monitors |
5.7.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
6.Global Diagnostic Electrocardiograph (ECG) Market By Lead Type, 2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
6.1. 12-lead ECG Devices |
6.1.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. 5-lead ECG Devices |
6.2.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. 3-lead ECG Devices |
6.3.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. 6-lead ECG Devices |
6.4.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Single lead |
6.5.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Other Lead Types |
6.6.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7.Global Diagnostic Electrocardiograph (ECG) Market By End User, 2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Clinics and Cardiac Centers |
7.2.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Ambulatory Surgical Centers |
7.3.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Other End Users |
7.4.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Diagnostic Electrocardiograph (ECG) Market By Region, 2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2020 - 2031 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Diagnostic Electrocardiograph (ECG) Market ,2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
9.1. Product Type Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Resting ECG |
9.1.2.Stress ECG Devices |
9.1.3.Holter Monitors |
9.1.4.Implantable Loop Recorders |
9.1.5.Event Monitors |
9.1.6.MCT Devices |
9.1.7.Smart ECG Monitors |
9.2. Lead Type Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.12-lead ECG Devices |
9.2.2.5-lead ECG Devices |
9.2.3.3-lead ECG Devices |
9.2.4.6-lead ECG Devices |
9.2.5.Single lead |
9.2.6.Other Lead Types |
9.3. End User Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals |
9.3.2.Clinics and Cardiac Centers |
9.3.3.Ambulatory Surgical Centers |
9.3.4.Other End Users |
9.4. Country Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Diagnostic Electrocardiograph (ECG) Market ,2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Resting ECG |
10.1.2.Stress ECG Devices |
10.1.3.Holter Monitors |
10.1.4.Implantable Loop Recorders |
10.1.5.Event Monitors |
10.1.6.MCT Devices |
10.1.7.Smart ECG Monitors |
10.2. Lead Type Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.12-lead ECG Devices |
10.2.2.5-lead ECG Devices |
10.2.3.3-lead ECG Devices |
10.2.4.6-lead ECG Devices |
10.2.5.Single lead |
10.2.6.Other Lead Types |
10.3. End User Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals |
10.3.2.Clinics and Cardiac Centers |
10.3.3.Ambulatory Surgical Centers |
10.3.4.Other End Users |
10.4. Country Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11.Asia Pacific (APAC) Diagnostic Electrocardiograph (ECG) Market ,2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Resting ECG |
11.1.2.Stress ECG Devices |
11.1.3.Holter Monitors |
11.1.4.Implantable Loop Recorders |
11.1.5.Event Monitors |
11.1.6.MCT Devices |
11.1.7.Smart ECG Monitors |
11.2. Lead Type Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.12-lead ECG Devices |
11.2.2.5-lead ECG Devices |
11.2.3.3-lead ECG Devices |
11.2.4.6-lead ECG Devices |
11.2.5.Single lead |
11.2.6.Other Lead Types |
11.3. End User Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals |
11.3.2.Clinics and Cardiac Centers |
11.3.3.Ambulatory Surgical Centers |
11.3.4.Other End Users |
11.4. Country Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Diagnostic Electrocardiograph (ECG) Market ,2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Resting ECG |
12.1.2.Stress ECG Devices |
12.1.3.Holter Monitors |
12.1.4.Implantable Loop Recorders |
12.1.5.Event Monitors |
12.1.6.MCT Devices |
12.1.7.Smart ECG Monitors |
12.2. Lead Type Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.12-lead ECG Devices |
12.2.2.5-lead ECG Devices |
12.2.3.3-lead ECG Devices |
12.2.4.6-lead ECG Devices |
12.2.5.Single lead |
12.2.6.Other Lead Types |
12.3. End User Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals |
12.3.2.Clinics and Cardiac Centers |
12.3.3.Ambulatory Surgical Centers |
12.3.4.Other End Users |
12.4. Country Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Diagnostic Electrocardiograph (ECG) Market ,2020 - 2031 and Forecast 2025 - 2031 (Sales Value USD Million) |
13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Resting ECG |
13.1.2.Stress ECG Devices |
13.1.3.Holter Monitors |
13.1.4.Implantable Loop Recorders |
13.1.5.Event Monitors |
13.1.6.MCT Devices |
13.1.7.Smart ECG Monitors |
13.2. Lead Type Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.12-lead ECG Devices |
13.2.2.5-lead ECG Devices |
13.2.3.3-lead ECG Devices |
13.2.4.6-lead ECG Devices |
13.2.5.Single lead |
13.2.6.Other Lead Types |
13.3. End User Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals |
13.3.2.Clinics and Cardiac Centers |
13.3.3.Ambulatory Surgical Centers |
13.3.4.Other End Users |
13.4. Country Analysis 2020 - 2031 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.General Electric Company (US) |
14.2.2.Koninklijke Philips N.V. (Netherlands) |
14.2.3.NIHON KOHDEN CORPORATION. (Japan) |
14.2.4.Hill-Rom Services Inc (US) |
14.2.5.Ambu A/S (Denmark) |
14.2.6.SCHILLER (India) |
14.2.7.ACS Diagnostics (US) |
14.2.8.FUKUDA DENSHI (Japan) |
14.2.9.BioTelemetry Inc (US) |
14.2.10.OSI Systems Inc (US) |
14.2.11.BTL (US) |
14.2.12.Allengers (India) |
14.2.13.Shenzhen Mindray Bio-Medical Electronics Co Ltd (China) |
14.2.14.EDAN Instruments Inc (China) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players