Home / Medical Devices / ECG Equipment Market By End User Application (Hospitals, Ambulatory Care), Product (Resting ECG Systems, Stress ECG Systems, Holter Monitors), Lead Type (Single-Lead Devices, 3-6 LEAD Devices, 12 Lead Devices) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

ECG Equipment Market By End User Application (Hospitals, Ambulatory Care), Product (Resting ECG Systems, Stress ECG Systems, Holter Monitors), Lead Type (Single-Lead Devices, 3-6 LEAD Devices, 12 Lead Devices) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Published: Apr 2016 | Report Code: 57781-04-16

The global ECG market is currently at a stable stage in the market with certain periodic technological innovations and improvements taking place in device features and characters over the time. This market with a large number of device manufacturers is highly fragmented and competitive.

This report studies the global ECG equipment market in terms of 3 segmentations: products, end-user applications and lead type. Based on end-user applications, this market is studied for hospital ECG monitors and ambulatory care ECG monitors.

In terms of product types, the ECG equipment market is classified into resting ECG systems, stress ECG systems and holter monitors. Moreover, on the basis of led types, the global ECG equipment market is studied for single-lead devices, 3-6 lead devices and 12 lead devices markets. Each of these segments thus mentioned are further studied and forecasted for their geographical segmentation namely, North America, Europe, Asia Pacific and Rest of the World. The market size of each of these segments and forecast is provided for the period 2012-2022 with forecast CAGR for the period 2015-2022, considering 2014 as the base year.

Furthermore, in terms of regional distribution., the global ECG equipment market is studied for North America, Europe, Asia Pacific, Middle East and Africa and Central and South America. Additionally, each of tees regions is further studied for national constituent markets in the considered regions. Such regional distribution is elucidated as follows:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Russia
    • Germany
  • Asia Pacific
    • China
    • India
    • South Korea
  • Middle East and Africa
  • Central and South America
    • Brazil

This report concludes with company profiles section, which includes key information of 15 major market players operational in the global ECG equipment market.

Chapter 1 Preface
1.1 Research Methodology and Report Description
1.2 Research Scope & Assumptions
1.3 List Of Data Sources

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmentation Synopsis

Chapter 3 Global ECG Equipment Market: Overview
3.1 Drivers
3.1.1 Growing Prevalence of Cardiovascular Diseases
3.1.2 Increase in Demand for Monitoring Equipment Among Ageing Patients
3.1.3 Mounting Demand for Remote Patient Monitoring and Advanced Technological Solutions
3.1.4 Worldwide Increase in Healthcare Expenditure
3.2 Challenges
3.2.1 Less Defined Reimbursement Policies
3.2.2 High Cost of ECG Equipment
3.2.3 Lack of Awareness on Management of CVDs
3.3 Future Prospects
3.3.1 Emerging Markets
3.3.2 Growing Scope in Medical Tourism
3.3.3 Market Consolidation Activities

Chapter 4 Global ECG Equipment Market, by End User Applications
4.1 Hospitals
4.1 Ambulatory Care

Chapter 5 Global ECG Equipment Market, by Products
5.1 Resting ECG Systems
5.2 Stress ECG Systems
5.3 Holter Monitors

Chapter 6 Global ECG Equipment Market, by Lead Type
6.1 Single-Lead Devices
6.2 3-6 LEAD Devices
6.3 12 Lead Devices

Chapter 7 Global ECG Equipment Market, by Geography
7.1 North America
7.1.1 US
7.1.2 Canada
7.1.3 Mexico
7.2 Europe
7.2.1 Germany
7.3 UK
7.3.1 Russia
7.4 Asia Pacific
7.4.1 China
7.4.2 India
7.4.3 South Korea
7.5 Middle East and Africa
7.6 Central and South America
7.7 Brazil

Chapter 8 Company Profiles
8.1 BECK-LEE
8.1.1 Company Overview
8.1.2 Strategic Initiatives
8.1.3 Scot Analysis
8.2 BIONET AMERICA, INC.
8.2.1 Company Overview
8.2.2 Strategic Initiatives
8.2.3 Scot Analysis
8.3 CARDIOLINE S.P.A.
8.3.1 Company Overview
8.3.2 Strategic Initiatives
8.3.3 Scot Analysis
8.4 CARDIONET
8.4.1 Company Overview
8.4.2 Strategic Initiatives
8.4.3 Scot Analysis
8.5 GE HEALTHCARE
8.5.1 Company Overview
8.5.2 Strategic Initiatives
8.5.3 Scot Analysis
8.6 JOHNSON & JOHNSON
8.6.1 Company Overview
8.6.2 Strategic Initiatives
8.6.3 Scot Analysis
8.7 MEDTRONIC
8.7.1 Company Overview
8.7.2 Strategic Initiatives
8.7.3 Scot Analysis
8.8 MIDMARK MEDICAL
8.8.1 Company Overview
8.8.2 Strategic Initiatives
8.8.3 Scot Analysis
8.9 MORTARA INSTRUMENTS
8.9.1 Company Overview
8.9.2 Strategic Initiatives
8.9.3 Scot Analysis
8.10 MINDRAY INTERNATIONAL
8.10.1 Company Overview
8.10.2 Strategic Initiatives
8.10.3 Scot Analysis
8.11 NIHON KOHDEN CORPORATION
8.11.1 Company Overview
8.11.2 Strategic Initiatives
8.11.3 Scot Analysis
8.12 PHILIPS HEALTHCARE
8.12.1 Company Overview
8.12.2 Strategic Initiatives
8.12.3 Scot Analysis
8.13 SCHILLER AG
8.13.1 Company Overview
8.13.2 Strategic Initiatives
8.13.3 Scot Analysis
8.14 SPACELABS HEALTHCARE
8.14.1 Company Overview
8.14.2 Strategic Initiatives
8.14.3 Scot Analysis
8.15 WELCH ALLYN
8.15.1 Company Overview
8.15.2 Strategic Initiatives
8.15.3 Scot Analysis

List Of Table :

TABLE 1 GLOBAL ECG EQUIPMENT MARKET BY GEOGRAPHY 2012-2022 ($ MILLION)
TABLE 2 Per Capita Health Expenditure Change, 2010 & 2014 (USD)
TABLE 3 Key Limitations of ECG Reimbursement Coverage
TABLE 4 Population Statistics in Key Asian Regions, July 2014
TABLE 5 Mortality Rate (Death per Thousand) in Major Asia-Pacific Countries, 2014
TABLE 6 Global ECG Equipment Market, by End User Application, 2012-2022 (USD Mn)
TABLE 7 Global ECG Equipment Market in Hospitals, by Geography, 2012-2022 (USD Mn)
TABLE 8 Global ECG Equipment Market in Ambulatory Care, by Geography, 2012-2022 (USD Mn)
TABLE 9 Global ECG Equipment Market, by Product, 2012-2022 (USD Mn)
TABLE 10 Global Resting ECG Systems Market, by Geography, 2012-2022 (USD Mn)
TABLE 11 Global Stress ECG Systems Market, by Geography, 2012-2022 (USD Mn)
TABLE 12 Global Holter Monitors Market, by Geography, 2012-2022 (USD Mn)
TABLE 13 Global ECG Equipment Market, by Lead Type, 2012-2022 (USD Mn)
TABLE 14 Global Single Lead ECG Devices Market, by Geography, 2012-2022 (USD Mn)
TABLE 15 Global 3.6 Lead ECG Equipment Market, by Geography, 2012-2022 (USD Mn)
TABLE 16 Global 12 Lead ECG Equipment Market, by Geography, 2012-2022 (USD Mn)
TABLE 17 Global ECG Equipment Market, by Geography, 2012-2022 (USD Mn)
TABLE 18 North America ECG Equipment Market, by Country, 2012-2022 (USD Mn)
TABLE 19 North America ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 20 US ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 21 Canada ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 22 Mexico ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 23 Europe ECG Equipment Market, by Country, 2012-2022 (USD Mn)
TABLE 24 Europe ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 25 Germany ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 26 UK ECG Equipment Market, by End-User, 2012-2022 (USD Mn)
TABLE 27 Russia ECG Equipment Market, by End-User, 2012-2022 (USD Mn)
TABLE 28 Asia Pacific ECG Equipment Market, by Country, 2012-2022 (USD Mn)
TABLE 29 Asia Pacific ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 30 China ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 31 India ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 32 South Korea ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 33 Middle East and Africa ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 34 Central and South America ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)
TABLE 35 Brazil ECG Equipment Market, by End-Users, 2012-2022 (USD Mn)

List Of Figure :

FIG. 1 Key Buying Criteria
FIG. 2 Global ECG Equipment Market Share, by Product Type, 2014 & 2022 (Value %)
FIG. 3 Global ECG Equipment Market Share, 2014 (Value %)
FIG. 4 Global ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 5 CVD Mortality Statistics, 2014
FIG. 6 Geriatric Population Statistics (Fractal Map), 2014
FIG. 7 Percentage of Geriatric Individuals with CVD, U.S., by Age and Gender, 2015
FIG. 8 Global ECG Equipment Market in Hospitals, 2012-2022 (USD Mn)
FIG. 9 Global ECG Equipment Market in Ambulatory Care, 2012-2022 (USD Mn)
FIG. 10 Global Resting ECG Systems Market, 2012-2022 (USD Mn)
FIG. 11 Global Stress ECG Systems Market, 2012-2022 (USD Mn)
FIG. 12 Global Holter Monitors Market, 2012-2022 (USD Mn)
FIG. 13 Global Single-Lead ECG Devices Market, 2012-2022 (USD Mn)
FIG. 14 Global 3.6 Lead ECG Devices Market, 2012-2022 (USD Mn)
FIG. 15 Global 12 Lead ECG Devices Market, 2012-2022 (USD Mn)
FIG. 16 US ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 17 Canada ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 18 Mexico ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 19 Germany ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 20 UK ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 21 Russia ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 22 China ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 23 India ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 24 South Korea ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 25 Middle East and Africa ECG Equipment Market, 2012-2022 (USD Mn)
FIG. 26 Central and South America ECG Equipment Market, 2012-2022 (USD Mn)

Product Type Investigation Segmentation Investigation

Currently the global ECG equipment market is dominated by resting ECG systems with over 60% market share in 2015. However, the demand is particularly strong for Holter monitoring systems during 2015-2022. The data generated from Holter monitoring systems is utilized in the early detection of cardiac abnormalities like ischemia. With a Holter monitor, an ECG file can be downloaded in 90 seconds. It also allows for different styles of scanning, which can be completed quickly and generates customized and accurate reporting.

ECG Equipment Market

The top manufacturers of resting ECG devices include GE healthcare, Cardionet, Compumed Inc, J&J, Welch Allyn and so on.  The companies offer various devices such as Mobile Cardiac Outpatient Telemetry, which enables heartbeatby-heartbeat, ECG monitoring, analysis and response. It enables healthcare providers to connect the heart of patients to the minds of physicians with accurate and reliable ECG information for faster, more accurate diagnosis.

On the other hand, increased patient satisfaction and accuracy of stress ECG programs are expected to drive the market. Direct connectivity to EMR and diagnostic devices enables remote access to patient data and test which results in faster review and diagnosis also leading to better workflow solutions expedite administrative processes, reduced data entry errors.

Lead Type Segmentation Investigation

By lead type the market is currently dominated by 3-6 lead type ECG devices contributing to almost 50% of the market share in 2014. Over the forecasted period both 3-6 lead type and 12 lead type ECG devices are expected to grow at the highest CAGR. However, single lead type devices due to their limitations to cope up with advancing technologies and accurate results are expected to witness reduced market share.

ECG Equipment Market

Global ECG equipment by single lead type ECG devices is expected to expand significantly in the next few years due to huge rise in CVD, CHD and other heart diseases. The awareness level has increased over the years due to various social events and promotions by healthcare organizations and companies such as GE healthcare, Conmed, Toshiba and so on.

ECG equipment is segmented on the basis of single-lead, 3-6 lead and 12 lead ECG machine. A single-lead ECG machine enables to measure basic heart rate and symptoms such as chest pain and so on. Single-lead ECG equipment enable to accomplish 12 lead recordings in a sequential manner. Moreover, it also enables to research, arrhythmias and educational purposes. Mostly, single-lead ECG equipment are available for home, personal use and sports. These machines are also used to determine heart rate in association with exercise, sport activities and workout. Single-lead ECG equipment are economic compared 12 lead type ECG equipment. Additionally, single-lead ECG equipment records data for longer period which enables physicians to diagnose disease in better ways. Some other types of ECG machine include 12-lead ECG, 5-lead ECG, 3-Lead ECG, wireless ECG and portable handled ECG monitors.

End-user Application Segmentation Investigation

Among the end users Hospitals are expected to drive the demand for the growing ECG equipment market. With more and more hospitals moving toward computerization for maintaining ECG records, greater investments are being made in data management systems to streamline hospitals' workflow effectively.

ECG Equipment Market

In the recovery and rehabilitation of patients suffering from lingering diseases CVD, CHD, Stroke and other heart diseases, ECG equipment are considered to be very effective. However, hospital stay and therapies associated with the treatment may cost very high in developed economies such as the US, UK and Canada.

Global ECG equipment market by home/ambulatory care is expected to expand significantly in the next few years due to huge adoption of technologically advanced ECG equipment. ECG products such as BP monitor, ECG for home care are adopted extensively in Homecare market. Home/ambulatory care includes patients who are aged and suffering from lingering diseases such as CVD, CHD, Stroke or other heart diseases. Home Care is not only limited to elderly patients who are suffering from life style oriented diseases, health conscious individuals also adopts home care.

Geography Segmentation Analysis

Geographically, the global ECG equipment market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Central and South America

ECG Equipment Market

North America is expected to be the largest regional market through 2022 with nearly over 40% market share. On the other hand, Asia Pacific is the fastest growing region with a CAGR of 6.6% during 2015-2022. With the development of better and safer ECG devices, which are portable, operate with lower power consumption and are more accurate, the market will be witnessing growth in resting ECG and Holter monitor systems. Across the world, cardiovascular diseases are monitored via resting systems and since these are developed on large scale in the US it results in high sales. Stress systems for ECG readings follow the resting system pattern that has higher selling price than average although demand for Holter systems is increasing rapidly. Even the digital ECG systems are gaining popularity in now due to their low cost, accuracy and ability to store huge numbers of readings from the patient records.

Detailed regional distribution of the global ECG equipment market is as follows:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Russia
    • Germany
  • Asia Pacific
    • China
    • India
    • South Korea
  • Middle East and Africa
  • Central and South America
    • Brazil
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