Global ECG Equipments Market Analysis

Global ECG Equipment Market Executive Summary

Global, there has been a gradual rise in the demand for electrocardiogram (ECG) devices for assessing and diagnosing cardiovascular illnesses. ECG monitoring equipment is now increasingly often employed in hospitals, ambulatory surgery centres, and clinics. The ability of wireless ECG equipment to identify a range of medical conditions, including arrhythmias, coronary heart disease, heart attacks, and cardiomyopathy, will drive market expansion in the years to come. Many ECG device makers have been helped in securing new revenue streams in the market by a slew of randomized clinical studies.

Market Size and Key Findings

The Global ECG Equipment Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

Global ECG Equipment Market Size (in USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

Over the projection period, market growth for ECG devices will be driven by advancements in ECG devices and an increase in the prevalence of diseases worldwide. In the market for ECG devices, there are well-established market players as well as OEMs and small companies who are growing their businesses to capture a greater market share in emerging economies. Due to the intense competition among market competitors, innovation is what drives the ECG device industry.

A new avenue for cardiac monitoring has been made possible by wearable continuous monitoring devices. An ECG, or electrocardiogram, is a test that measures the electrical activity and rhythm of the heart using sensors attached to the skin. This device can be used in conjunction with another testing to monitor symptoms of suspected heart disease, such as shortness of breath, dizziness, palpitations, and chest pain, thus exponentially expanding its market.

Competitive Landscape

Key Players

The prominent players operating in this market include Hill Rom (USA), GE Healthcare (USA), Mindray Medical (China), Spacelabs Healthcare (USA), McKesson Corporation (USA), Meditech Equipment Co. Ltd. (China), ZOLL Medical Corporation (USA), Medical ECONET GmbH (Germany), Schiller AG (Switzerland), BioTelemetry, Inc. (USA), CardioComm Solutions, Inc. (Canada), etc.