Diagnostic Electrocardiograph (ECG) Market Report: Trends, Forecast and Competitive Analysis to 2030

Diagnostic Electrocardiograph (ECG) Trends and Forecast

The future of the global diagnostic electrocardiograph (ECG) market looks promising with opportunities in the hospital, clinic, & cardiac center, and ambulatory surgical center markets. The global diagnostic electrocardiograph (ECG) market is expected to reach an estimated $8.6 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increasing prevalence of cardiovascular diseases, growing demand for preventive healthcare, and rising awareness towards the benefits of ECG.

A more than 150-page report is developed to help in your business decisions.

Diagnostic Electrocardiograph (ECG) by Segment

The study includes a forecast for the global diagnostic electrocardiograph (ECG) by product type, end use, and region.

Diagnostic Electrocardiograph (ECG) Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Resting ECG Systems
• Stress ECG Systems
• Holter Monitors
• Event Monitors
• Mobile Cardiac Telemetry Systems
• Others

Diagnostic Electrocardiograph (ECG) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals, Clinics, & Cardiac Centers
• Ambulatory Surgical Centers
• Others

Diagnostic Electrocardiograph (ECG) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Diagnostic Electrocardiograph (ECG) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies diagnostic electrocardiograph (ECG) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the diagnostic electrocardiograph (ECG) companies profiled in this report include-

• General Electric
• Koninklijke Philips
• NIHON KOHDEN CORPORATION
• Hill-Rom Services
• Ambu A/S.
• SCHILLER
• ACSDiagnostics
• BPL
• FUKUDA DENSHI
• Biotelemetry

Diagnostic Electrocardiograph (ECG) Market Insights

Lucintel forecasts that resting ECG devices will remain the largest segment over the forecast period as these devices are simple to use and affordable.

Within this market, hospital is expected to remain the largest segment due to high volume of patients who need ECG tests and growing requirement for quality care.

North America will remain the largest region due to high prevalence of cardiovascular diseases, increasing geriatric population, and rising demand of minimally invasive procedure in the region.

Features of the Global Diagnostic Electrocardiograph (ECG) Market

Market Size Estimates: Diagnostic electrocardiograph (ECG) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Diagnostic electrocardiograph (ECG) market size by product type, end use, and region in terms of value ($B).

Regional Analysis: Diagnostic electrocardiograph (ECG) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, end uses, and regions for the diagnostic electrocardiograph (ECG) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the diagnostic electrocardiograph (ECG) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the diagnostic electrocardiograph (ECG) market size?

Answer: The global diagnostic electrocardiograph (ECG) market is expected to reach an estimated $8.6 billion by 2030.

Q.2 What is the growth forecast for diagnostic electrocardiograph (ECG) market?

Answer: The global diagnostic electrocardiograph (ECG) market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the diagnostic electrocardiograph (ECG) market?

Answer: The major drivers for this market are increasing prevalence of cardiovascular diseases, growing demand for preventive healthcare, and rising awareness towards the benefits of ECG.

Q4. What are the major segments for diagnostic electrocardiograph (ECG) market?

Answer: The future of the diagnostic electrocardiograph (ECG) market looks promising with opportunities in the hospital, clinic, & cardiac center, and ambulatory surgical center markets.

Q5. Who are the key diagnostic electrocardiograph (ECG) market companies?

Answer: Some of the key diagnostic electrocardiograph (ECG) companies are as follows:

• General Electric
• Koninklijke Philips
• NIHON KOHDEN CORPORATION
• Hill-Rom Services
• Ambu A/S.
• SCHILLER
• ACSDiagnostics
• BPL
• FUKUDA DENSHI
• Biotelemetry

Q6. Which diagnostic electrocardiograph (ECG) market segment will be the largest in future?

Answer: Lucintel forecasts that resting ECG devices will remain the largest segment over the forecast period as these devices are simple to use and affordable.

Q7. In diagnostic electrocardiograph (ECG) market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to high prevalence of cardiovascular diseases, increasing geriatric population, and rising demand of minimally invasive procedure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the diagnostic electrocardiograph (ECG) market by product type (resting ECG systems, stress ECG systems, holter monitors, event monitors, mobile cardiac telemetry systems, and others), end use (hospitals, clinics, & cardiac centers, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?