Diagnostic Electrocardiograph Market: By Product Type, By Lead Type, By End User and Geography  

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Diagnostic Electrocardiograph (ECG) Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Resting ECG, Stress ECG Devices, Holter Monitors, Implantable Loop Recorders, Event Monitors, MCT Devices, Smart ECG Monitors), By Lead Type (12-Lead ECG Devices, 5-Lead ECG Devices, 3-Lead ECG Devices, 6-Lead ECG Devices, Single-Lead, Other Lead Types), By End User (Hospitals, Clinics and Cardiac Centers, Ambulatory Surgical Centers, Other End Users) and Region  

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Diagnostic Electrocardiograph (ECG) Market is estimated to be valued at US$ 8,142.3 million in 2022 and is poised to grow at a significant CAGR of 8.1% from 2023-2029. 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.

Diagnostic Electrocardiograph (ECG) Market Key Developments:

  • In March 2018, Philips Healthcare, came forward and launched IntelliSpace Cardiovascular 3.1 under its similar product segment.
  • In January 2021, BioTelemetry, Inc., a prominent provider of remote cardiac diagnosis and monitoring systems in the United States, was acquired by Koninklijke Philips N.V. Philips will be able to expand its portfolio of patient care management solutions because of this acquisition.

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Diagnostic Electrocardiograph Ecg Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.1%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Diagnostic Electrocardiograph (ECG) Market Dynamics

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 diagnostic electrocardiograph (ECG) 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.

Diagnostic Electrocardiograph Ecg Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2022

US$ 8,142.3 million

Market CAGR

8.1%

By Product Type

  • Resting ECG
  • Stress ECG Devices
  • Holter Monitors
  • Implantable Loop Recorders
  • Event Monitors
  • MCT Devices
  • Smart ECG Monitors

By Lead Type

  • 12-lead ECG Devices
  • 5-lead ECG Devices
  • 3-lead ECG Devices
  • 6-lead ECG Devices
  • Single lead
  • Other Lead Types

By End User

  • Hospitals
  • Clinics and Cardiac Centers
  • Ambulatory Surgical Centers
  • Other End Users

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Key Features of the Report

  • The diagnostic electrocardiograph (ecg) market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The diagnostic electrocardiograph (ECG) market size was valued at US$ 8,142.3 million in 2022.

The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.

The diagnostic electrocardiograph (ECG) 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)

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Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

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, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Resting ECG
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. 12-lead ECG Devices
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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

  • 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)

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