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

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.

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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Published Date:  Apr 2016
Category:  Medical Devices
Report ID:   57781
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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