ECG Devices Market - Analysis Showcases Growth Trends and Opportunity Until 2026

The global ECG devices market is driven by the high prevalence and rapid increase in incidence of cardiovascular diseases across the globe. The global market was valued at US$ 3.95 Bn in 2017 and is projected to reach US$ 6.79 Bn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. High growth rate of the market is attributed to the increase in adoption and availability of technologically advanced ECG devices, rise in the geriatric population, and surge in preference for minimal invasive diagnostics tools across the globe.

 

Albany, NY -- (SBWIRE) -- 04/08/2019 -- The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as "ECG Devices Market - Analysis Showcases Growth Trends and Opportunity until 2026". The fact-based research report on the global ECG Devices market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.

The global ECG devices market has been segmented based on technology, end-user, and region. In terms of technology, the market has been classified into resting ECG systems, Holter monitoring, stress ECG systems, event monitoring, and mobile cardiac telemetry. In terms of end-user, the market has been divided into hospitals, specialized clinics, ambulatory surgical centers, and others, which includes home settings and academic and research institutes.

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Each of the market segments has been extensively analyzed based on the market related factors such as increase in incidence and prevalence of cardiovascular diseases. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2016 to 2026. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2018 to 2026, considering 2017 as the base year.

The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the global ECG devices market and could influence it in the near future. Market attractiveness analysis has been provided in the overview section in order to explain the intensity of competition in the market across different regions. The competitive scenario among different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global ECG devices market.

In terms of region, the global ECG devices market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The report also provides market size and forecast for major countries in the respective regions. A detailed qualitative analysis of factors responsible for driving and restraining the market and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global ECG devices market.

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Major players operating in the global ECG devices market are GE Healthcare, Philips Healthcare, BioTelemetry Inc., Hill-Rom Holdings, Inc., Nihon Kohden Corporation, Schiller AG, and Spacelabs Healthcare (OSI Systems, Inc.). These players exhibit significant geographical outreach, with presence in multiple ECG devices segments. Other prominent players in the global ECG devices market include Fukuda Denshi Co., Ltd, Mindray Medical International Limited, and CompuMed Inc.

The global ECG devices market has been segmented as follows: 

Global ECG Devices Market, by Technology

Resting ECG Systems

Holter Monitoring

Stress ECG Systems

Event Monitoring

Mobile Cardiac Telemetry

Global ECG Devices Market, by End-user

Hospitals

Specialized Clinics

Ambulatory Surgical Centers

Others

Global ECG Devices Market, by Region

North America

U.S

Canada

Europe

U.K

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East & Africa

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