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ECG Equipment Market

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
Report Book

Published Date: Apr. 2016
Category: Medical Devices
Report ID: 57781
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

Market Insights

The global ECG market is currently stable with certain periodic technological innovations and improvements in device features and characters over time. However, this market, with many 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.

Regarding product types, the ECG equipment market is classified into resting ECG systems, stress ECG systems, and Holter monitors. Moreover, based on 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 is further studied and forecasted for their geographical segmentation, namely, North America, Europe, Asia Pacific, and the Rest of the World. The market size of each of these segments and forecast is provided for 2012-2022 with a forecast CAGR for 2015-2022, considering 2014 as the base year.

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 Holter monitoring systems’ data detect cardiac abnormalities like ischemia early. 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.

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 heartbeat by-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. In addition, direct connectivity to EMR and diagnostic devices enables remote access to patient data and tests, resulting in faster review and diagnosis and better workflow solutions expediting administrative processes and reducing 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, 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 in coping with advancing technologies and accurate results, are expected to witness reduced market share.

Global ECG equipment by single lead type ECG devices is expected to expand significantly in the next few years due to the huge rise in CVD, CHD, and other heart diseases. In addition, 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, etc.

ECG equipment is segmented into single-lead, 3-6 lead, and 12 lead ECG machines. A single-lead ECG machine enables one to measure basic heart rates and symptoms such as chest pain. Single-lead ECG equipment enables sequentially accomplishing 12 lead recordings. Moreover, it also enables research, arrhythmias, and educational purposes. Mostly, single-lead ECG equipment is available for home, personal use, and sports. These machines also determine the heart rate associated with exercise, sports activities, and workouts. Single-lead ECG equipment is economical compared to 12-lead type ECG equipment. Additionally, single-lead ECG equipment records data for longer periods and enables physicians to diagnose disease better. Other ECG machines 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.

In the recovery and rehabilitation of patients suffering from lingering diseases CVD, CHD, Stroke, and other heart diseases, ECG equipment is 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.

The Global ECG equipment market for home/ambulatory care is expected to expand significantly in the next few years due to the huge adoption of technologically advanced ECG equipment. ECG products such as BP monitors and ECG for home care are adopted extensively in the Homecare market. Home/ambulatory care includes aged patients 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 lifestyle-oriented diseases; health-conscious individuals also adopt home care.

Geographically, the global ECG equipment market is categorized into:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

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 witness growth in resting ECG and Holter monitor systems. Across the world, cardiovascular diseases are monitored via resting systems, and since these are developed on a large scale in the US, it results in high sales. Stress systems for ECG readings follow the resting system pattern with a higher selling price than average, although demand for Holter systems is increasing rapidly. Even digital ECG systems are gaining popularity now due to their low cost, accuracy, and ability to store huge numbers of readings from patient records.

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

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

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 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)

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)

Frequently Asked Questions

What is the size of ECG equipment Market?

The market for ECG equipment is expected to reach US$ XX Mn by 2022.

What is the ECG equipment Market CAGR?

The ECG equipment market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for ECG equipment Market?

The report is forecasted from 2016-2022.

What is the base year considered for ECG equipment Market?

The base year of this report is 2015.

Who are the major players in this market?

ECK-LEE, Company Overview, Strategic Initiatives, Scot Analysis, BIONET AMERICA, INC. are some of the major players in the global market.

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