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Electrocardiograph (ECG) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electrocardiograph (ECG) market size reached US$ 8.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.31 Billion by 2027, exhibiting a growth rate (CAGR) of 5.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

An electrocardiograph (ECG) records the electrical activity of the heart by measuring its surface potentials. With this painless, noninvasive procedure, it is possible to diagnose heart problems like arrhythmias and coronary artery disease, and the effectiveness of certain heart disease treatments. By conducting surface potentials from metal contacts called electrodes to an instrument, the electrical activity of the heart can be measured on the surface of the skin. A machine that measures ECGs is connected to these electrodes through cables that are placed on the chest, lower arms, and calves. ECG graphs are generated by the machine through the conversion of signals, whereas in some cases, they can also be printed. The use of ECG monitoring devices, such as resting ECGs, stress ECGs, and Holter monitors, can provide information about abnormal heart function.

Electrocardiograph (ECG) Market Trends:

The global market is majorly driven by the rising prevalence of cardiovascular diseases, such as ischemic heart disease (IHD), hypertensive heart disease, stroke, and peripheral artery diseases, among the masses. This can be attributed to the growing geriatric population that is susceptible to developing these diseases. In line with this, continual technological advancements in ECG devices, such as innovative designs and additional features, are providing an impetus to the market. Moreover, favorable government initiatives, along with supportive reimbursement policies, are creating a positive outlook for the market. Apart from this, the advent of portable ECG systems and remote monitoring devices with a single lead is impacting the market positively. The market is further propelled by the extensive research and development (R&D) activities conducted by key players to improve healthcare infrastructure. Some of the other factors contributing to the market growth include the rising trend of medical device miniaturization and the increasing medical expenditure.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electrocardiograph (ECG) market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, lead type and end user.

Breakup by Product:

  • Resting Electrocardiograph (ECG)
  • Stress Electrocardiograph (ECG)
  • Holter Monitors
  • Others
     

Breakup by Lead Type:

  • Single Lead ECG
  • 2 Lead ECG
  • 3 Lead ECG
  • 6 Lead ECG
  • 12 Lead ECG
     

Breakup by End User:

  • Hospitals and Clinics
  • Home Settings and Ambulatory Surgical Centers (ASCs)
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AliveCor Inc., Allengers Medical Systems Limited, BPL Medical Technologies, CompuMed Inc., Fukuda Denshi Co. Ltd., General Electric Company, Hill-Rom Holdings Inc. (Baxter International Inc.), Innomed Medical Inc., Koninklijke Philips N.V., Midmark Corporation, Nihon Kohden Corporation, OSI Systems Inc., Schiller AG and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Lead Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AliveCor Inc., Allengers Medical Systems Limited, BPL Medical Technologies, CompuMed Inc., Fukuda Denshi Co. Ltd., General Electric Company, Hill-Rom Holdings Inc. (Baxter International Inc.), Innomed Medical Inc., Koninklijke Philips N.V., Midmark Corporation, Nihon Kohden Corporation, OSI Systems Inc., Schiller AG and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global electrocardiograph (ECG) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global electrocardiograph (ECG) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the lead type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global electrocardiograph (ECG) market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Electrocardiograph (ECG) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Resting Electrocardiograph (ECG)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Stress Electrocardiograph (ECG)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Holter Monitors
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Lead Type
    7.1    Single Lead ECG
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    2 Lead ECG
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    3 Lead ECG
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    6 Lead ECG
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    12 Lead ECG
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by End User
    8.1    Hospitals and Clinics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Home Settings and Ambulatory Surgical Centers (ASCs)
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AliveCor Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Allengers Medical Systems Limited
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    BPL Medical Technologies
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    CompuMed Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Fukuda Denshi Co. Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    General Electric Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Hill-Rom Holdings Inc. (Baxter International Inc.)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 SWOT Analysis
        14.3.8    Innomed Medical Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Koninklijke Philips N.V.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Midmark Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Nihon Kohden Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    OSI Systems Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Schiller AG
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
        14.3.14    Shenzhen Mindray Bio-Medical Electronics Co. Ltd. 
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio
           14.3.14.3 Financials
           14.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Electrocardiograph Market: Major Drivers and Challenges
Figure 2: Global: Electrocardiograph Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Electrocardiograph Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Electrocardiograph Market: Breakup by Product (in %), 2021
Figure 5: Global: Electrocardiograph Market: Breakup by Lead Type (in %), 2021
Figure 6: Global: Electrocardiograph Market: Breakup by End User (in %), 2021
Figure 7: Global: Electrocardiograph Market: Breakup by Region (in %), 2021
Figure 8: Global: Electrocardiograph (Resting Electrocardiograph) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Electrocardiograph (Resting Electrocardiograph) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Electrocardiograph (Stress Electrocardiograph) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Electrocardiograph (Stress Electrocardiograph) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Electrocardiograph (Holter Monitors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Electrocardiograph (Holter Monitors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Electrocardiograph (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Electrocardiograph (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Electrocardiograph (Single Lead ECG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Electrocardiograph (Single Lead ECG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Electrocardiograph (2 Lead ECG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Electrocardiograph (2 Lead ECG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Electrocardiograph (3 Lead ECG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Electrocardiograph (3 Lead ECG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Electrocardiograph (6 Lead ECG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Electrocardiograph (6 Lead ECG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Electrocardiograph (12 Lead ECG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Electrocardiograph (12 Lead ECG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Electrocardiograph (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Electrocardiograph (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Electrocardiograph (Home Settings and Ambulatory Surgical Centers (ASCs)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Electrocardiograph (Home Settings and Ambulatory Surgical Centers (ASCs)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Electrocardiograph (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Electrocardiograph (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Electrocardiograph Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Electrocardiograph Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Electrocardiograph Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Electrocardiograph Industry: SWOT Analysis
Figure 82: Global: Electrocardiograph Industry: Value Chain Analysis
Figure 83: Global: Electrocardiograph Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Electrocardiograph Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electrocardiograph Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Electrocardiograph Market Forecast: Breakup by Lead Type (in Million US$), 2022-2027
Table 4: Global: Electrocardiograph Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Electrocardiograph Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Electrocardiograph Market: Competitive Structure
Table 7: Global: Electrocardiograph Market: Key Players


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