GLOBAL ECG EQUIPMENT MARKET FORECAST 2018-2026

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GLOBAL ECG EQUIPMENT MARKET FORECAST 2018-2026

The global ECG equipment market is projected to evolve at a CAGR of 6.32% amid the forecasted years 2017-2024. For the study of the market, the base year deliberated is 2016. The estimated years is 2017 and 2024. The precautionary healthcare with emerging cardiovascular diseases analysis are the prominent factors responsible for driving the sales of electrocardiogram (ECG) equipment.

GLOBAL ECG EQUIPMENT MARKET FORECAST 2018-2026

ECG Equipment Market (by Lead Type, Single Lead, 3-6 Lead, 12 Lead) by End User (Hospitals, Home/ambulatory Care-based) by Product (Resting Ecg Monitoring Systems, Ecg Stress Testing System, Holter Monitoring System/ Event Monitoring System) by Geography

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The Global ECG equipment market is anticipated to grow from $ 4645 million in 2017 to $8050 million by 2026, at a CAGR of 6.34% for the forecast year of 2018 and 2026. An ECG is a diagnostic medical device that is used to degree the electrical movement of the heart over a period of time. It bests up electrical instincts produced by the heart with the help of electrodes and translates them into a waveform. The following factors primarily drive the ECG equipment market:

  • Increasing cardiovascular diseases
  • Rising use of monitoring devices with increasing geriatric population
  • Remote monitoring and technological advancements
  • Global increase in healthcare spending
  • Supportive regulatory atmosphere

ECG Equipment market

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 An ECG is a diagnostic medical device that is used to quantify the electrical movement of the heart over a period of time. It picks up electrical instincts produced by the heart with the help of electrodes and translates them into a waveform. One of the main drivers in this market is the increasing incidence of cardiovascular diseases among the adult population leading to an increase in demand for cardiovascular diagnostic devices

The ECG equipment market lead types are used extensively for various purposes. Single-lead ECG apparatus enables to achieve 12 lead footages in a consecutive manner. A 3-6 lead type ECG device measures heart rate and calculates the risk of CVD and other heart diseases. Additionally, 3-6 ECG apparatus registers data for a lengthier period which permits physicians to analyze ailment in improved ways. Some additional categories of ECG machine include 5-lead ECG, 12-lead ECG, wireless ECG, 3-Lead ECG, and portable handled ECG monitors. The 12-lead ECG is the usual ECG machine used for medical diagnostic analysis. It uses ten electrodes with pigment-coded wires. 6 of the electrodes are located on the chest, and the other four are positioned on each of the appendages.

Fluctuations in reimbursement policies and cost of equipment are the major factors hindering the ECG equipment market. Also, because of the instability in the reimbursement policies of ECG equipment, it becomes difficult for the beneficiaries to plan their decision. The high cost of the ECG equipment devices along with unstable reimbursement policies are acting as a restraint for the growth of global ECG equipment market.

The Global ECG equipment market segments include types, end users, and products.

Types are segmented into:

  • Single Lead
  • 3-6 Lead
  • 12-Lead

End Users are segmented into:

  • Hospitals
  • Home/Ambulatory Care
  • Other Ends user

Products are segmented into:

  • Resting ECG systems
  • Stress ECG systems
  • Holter monitors

This report covers the present market conditions and the growth prospects of the global ECG equipment market for 2018-2026 and considered the revenue generated through the sales of ECG equipment for types, end users, and products to calculate the market size, by considering 2017 as the base year.

Geographically, the global ECG equipment market has been segmented on the basis of four major regions, which include:

The ECG equipment market in North America is expected to hold the largest share by 2026 as the possibilities of rising number of lifestyle-oriented diseases, increased spending rate for healthcare and technological advancement in cardiology segment could drive the market ahead. There has been an increase in pressure for hospitals to become paperless to curb costs as a result of the US healthcare reforms. Hence, the use of ECG devices that can be connected to the integrated data management systems of hospitals or the use of electronic medical records to maintain patient databases has increased in the recent past. On the other hand, Asia-Pacific market is anticipated to the fastest-growing region for the ECG equipment market. This region is expected to exhibit substantial growth in this market during the forecast period. Leading firms such as Nihon Kohden Corp. are increasingly focusing on expansion in developing countries such as India and China, where the market still has an opportunity to grow at a fast rate due to the growing medical tourism industry and manufacturing cost advantages. As a result of the increasing awareness about cardiovascular diseases and an increases in public expenditure on healthcare services in such countries, there has been an increase in the demand for diagnostic ECG devices.

The ECG equipment Market is segmented based on its products which are sub-divided into Resting ECG systems, Stress ECG systems & Holter monitors and is also segmented on the basis of end users which are sub-divided into hospitals, home/ambulatory care & other end-users. The resting ECG systems are used to calculate irregular heart rhythms, the supply of blood and oxygen to the heart, and evidence of a previous heart attack and coronary artery disease. A stress ECG system measures the heart’s retort to the stress of exercise. It measures the blood pressure, heart’s electrical activity, and heart rate while the patient is walking on a treadmill. A Holter monitor is a device that incessantly records the heart’s rhythms. The monitor is tattered for 24 – 48 hours during normal movement. Global ECG apparatus marketplace by home/ambulatory care is expected to expand significantly in the next few years due to the enormous acceptance of technologically progressive ECG equipment.

The major market players in the global ECG equipment market are:

  • GE HEALTHCARE
  • WELCH ALLYN
  • SCHILLER AG
  • MORTARA INSTRUMENTS, INC.
  • PHILIPS HEALTHCARE

Company Profiles covers analysis of important players.

GE Healthcare offers life care solutions including anaesthesia, drug delivery, diagnostic cardiology, perinatal care, respiratory care, and patient monitoring solutions. It also provides diagnostic imaging solutions such as radiography, magnetic resonance imaging, interventional image-guided systems, intra-operative, and interventional imaging products for minimally invasive surgical procedures and ultrasound systems. Philips Healthcare was founded in 1896 and is headquartered in Eindhoven, Netherlands. The company was formerly known as Philips Medical Systems International BV. It has additional offices in the US, Latin America, Canada, the EMEA region, and APAC. It operates as a subsidiary of Koninklijke Philips Electronics N.V.

Key Findings of the Global ECG equipment market:

  • Market is dominated by resting ECG systems
  • Holter monitoring systems is significantly growing
  • Hospitals are expected to drive the demand for the growing ECG equipment
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
    • BOTTOM-UP APPROACH
    • TOP DOWN APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • MARKET IS DOMINATED BY RESTING ECG SYSTEMS
      • HOLTER MONITORING SYSTEMS IS SIGNIFICANTLY GROWING
      • HOSPITALS ARE EXPECTED TO DRIVE THE DEMAND FOR THE GROWING ECG EQUIPMENT
  1. MARKET DETERMINANTS
    • MARKET DRIVERS
      • INCREASING CARDIOVASCULAR DISEASES
      • USE OF MONITORING DEVICES RISE WITH INCREASE IN GERIATRIC POPULATION
      • REMOTE MONITORING AND TECHNOLOGICAL ADVANCEMENTS
      • GLOBAL INCREASE IN HEALTH CARE SPENDING
      • SUPPORTIVE REGULATORY ATMOSPHERE
    • MARKET RESTRAINTS
      • FLUCTUATIONS IN REIMBURSEMENT POLICIES
      • COST OF EQUIPMENT
      • LACK OF AWARENESS OF THE RISKS OF CVD
    • MARKET OPPORTUNITIES
      • INCREASING TECHNOLOGICAL ADVANCEMENTS
      • HIGH RETURNS ON INVESTMENT FROM ECG DEVICES
    • MARKET CHALLENGES
      • REIMBURSEMENT FOR ECG SYSTEMS IS DECLINING
      • INTENSE COMPETITION AMONG VENDORS
      • PRODUCT RECALLS
  1. MARKET SEGMENTATION
    • MARKET BY LEAD TYPE 2018-2026
      • SINGLE LEAD
      • 3-6 LEAD
      • 12 LEAD
    • MARKET BY END USER 2018-2026
      • HOSPITALS
      • HOME/AMBULATORY CARE-BASED
    • MARKET BY PRODUCT 2018-2026
      • RESTING ECG MONITORING SYSTEMS
      • ECG STRESS TESTING SYSTEM
      • HOLTER MONITORING SYSTEM/ EVENT MONITORING SYSTEM
  1. KEY ANALYTICS
    • PORTER’S 5 FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
      • BARGAINING POWER OF BUYERS
      • THREAT OF SUBSTITUTES
      • COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS
    • PESTEL ANALYSIS
      • POLITICAL FACTORS
      • ECONOMIC FACTORS
      • SOCIAL FACTORS
      • TECHNOLOGICAL FACTORS
      • ENVIRONMENTAL FACTORS
      • LEGAL FACTORS
    • MARKET TRENDS
    • KEY OPPORTUNITIES
      • HIGH GROWTH IN APAC
      • MEDICAL TOURISM ORGANIZATIONS
      • GROWTH OPPORTUNITIES
    • VALUE CHAIN ANALYSIS
      • SUPPLIERS
      • MANUFACTURERS
      • DISTRIBUTORS AND RETAILERS
      • END USERS
    • KEY BUYING CRITERIA
      • ACCURACY AND RELIABILITY
      • PORTABILITY AND SIZE
      • EASE OF USE
      • PRICE
      • PRODUCT PORTFOLIO
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES OF AMERICA
      • CANADA
      • MEXICO
    • EUROPE
      • THE UNITED KINGDOM
      • GERMANY
      • FRANCE
      • NORDICS
      • RUSSIA
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • REST OF APAC
    • REST OF THE WORLD (ROW)
      • MIDDLE EAST AND AFRICA
      • LATIN AMERICA
      • BRAZIL
  1. COMPETITIVE ANALYSIS
    • CARDIONET
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • CARDIAC SCIENCE
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
    • MINDRAY
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • SCHILLER AG
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • WELCH ALLYN
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • GE HEALTHCARE
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • PHILIPS HEALTHCARE
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • MORTARA INSTRUMENTS, INC.
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • SPACELABS HEALTHCARE, INC
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • NIHON KOHDEN CORPORATION
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • SIEMENS HEALTHCARE GMBH
      • COMPANY OVERVIEW
      • PRODUCTS PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES

 

LIST OF TABLES

TABLE 1        GLOBAL ECG EQUIPMENT MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 2        TYPES OF CARDIOVASCULAR DISEASES

TABLE 3        HOLTER DEVICE VS TELEMETRY

TABLE 4        APPLICATION LIMITATION ELECTROCARDIOGRAPHIC COVERAGE

TABLE 5        PRICES OF ECG EQUIPMENT

TABLE 6        GLOBAL ECG EQUIPMENT MARKET BY LEAD TYPE 2018-2026 ($ MILLION)

TABLE 7        GLOBAL ECG EQUIPMENT MARKET IN SINGLE-LEAD TYPE ECG DEVICES BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 8        PRODUCT PROFILE – SINGLE LEAD

TABLE 9        PRODUCT PROFILE – 3-6 LEAD

TABLE 10      GLOBAL ECG MARKET IN 3-6 LEAD TYPE ECG DEVICES BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 11      DIFFERENT 12 LEAD TYPE ECG MACHINE AND PRICE

TABLE 12      PRODUCT PROFILE – 12 LEAD

TABLE 13      GLOBAL ECG EQUIPMENT MARKET IN12 LEAD TYPE ECG DEVICES BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 14      GLOBAL ECG EQUIPMENT MARKET BY END USER 2018-2026 ($ MILLION)

TABLE 15      GLOBAL ECG EQUIPMENT MARKET IN HOSPITALS BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 16      DIFFERENT BRANDS AND COST OF HOMECARE PRODUCTS

TABLE 17      GLOBAL ECG EQUIPMENT MARKET IN HOME/AMBULATORY CARE BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 18      GLOBAL ECG EQUIPMENT MARKET BY PRODUCT 2018-2026 ($ MILLION)

TABLE 19      PRODUCT PROFILE (RESTING ECG SYSTEMS)

TABLE 20      GLOBAL ECG EQUIPMENT MARKET IN RESTING ECG SYSTEMS BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 21      PRODUCT PROFILE (STRESS ECG SYSTEMS)

TABLE 22      GLOBAL ECG EQUIPMENT MARKET IN STRESS ECG SYSTEMS BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 23      PRODUCT PROFILE (HOLTER MONITORS)

TABLE 24      GLOBAL ECG EQUIPMENT MARKET IN HOLTER MONITORS BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 25      CARDIOVASCULAR DISEASES, DEATHS PER HUNDRED THOUSAND IN MAJOR APAC COUNTRIES

TABLE 26      GLOBAL ECG EQUIPMENT MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 27      NORTH AMERICA ECG EQUIPMENT MARKET BY COUNTRIES 2018- 2026 ($ MILLION)

TABLE 28      UNITED STATES ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 29      CANADA ECG EQUIPMENT MARKET APPLICATION 2018-2026 ($ MILLION)

TABLE 30      MEXICO ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 31      EUROPE ECG EQUIPMENT MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 32      UNITED KINGDOM ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 33      GERMANY ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 34      FRANCE ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 35      NORDIC ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 36      RUSSIA ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 37      ASIA PACIFIC ECG EQUIPMENT MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 38      CHINA ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 39      JAPAN ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 40      SOUTH KOREA ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 41      INDIA ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 42      REST OF THE WORLD ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

TABLE 43      MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 44      LATIN AMERICA ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

TABLE 45      BRAZIL ECG EQUIPMENT MARKET BY APPLICATION 2018-2026 ($ MILLION)

LIST OF FIGURES

FIGURE 1      KEY FACTS OF CARDIOVASCULAR DISEASES

FIGURE 2      DISTRIBUTION OF DIAGNOSED CARDIOVASCULAR CONDITIONS IN SELECTED COUNTRIES AS OF 2016, BY GENDER

FIGURE 3      MEDIAN AGE OF THE POPULATION IN SELECTED COUNTRIES IN 2016 (IN YEARS)

FIGURE 4      PERCENTAGE OF POPULATION SUFFERING FROM CARDIOVASCULAR DISEASES IN US BY AGE AND GENDER

FIGURE 5      GLOBAL ECG EQUIPMENTS MARKET IN SINGLE-LEAD TYPE ECG DEVICES 2018-2026 ($ MILLION)

FIGURE 6      GLOBAL ECG MARKET IN 3-6 LEAD TYPE ECG DEVICES 2018-2026 ($ MILLION)

FIGURE 7      GLOBAL ECG EQUIPMENTS MARKET IN12 LEAD TYPE ECG DEVICES 2018-2026 ($ MILLION)

FIGURE 8      GLOBAL ECG EQUIPMENTS MARKET IN HOSPITALS 2018-2026 ($ MILLION)

FIGURE 9      GLOBAL ECG EQUIPMENTS MARKET IN HOME/AMBULATORY CARE 2018-2026 ($ MILLION)

FIGURE 10   GLOBAL ECG EQUIPMENTS MARKET IN RESTING ECG SYSTEMS 2018-2026 ($ MILLION)

FIGURE 11   GLOBAL ECG EQUIPMENTS MARKET IN STRESS ECG SYSTEMS 2018-2026 ($ MILLION)

FIGURE 12   GLOBAL ECG EQUIPMENTS MARKET IN HOLTER MONITORING SYSTEM/ EVENT MONITORING SYSTEM 2018-2026 ($ MILLION)

FIGURE 13   INVESTMENTS IN HEALTH CHECKUPS BY AGE GROUP

FIGURE 14   PROPORTION OF SELECTED AGE GROUPS OF WORLD POPULATION IN 2016

FIGURE 15   UNITED STATES ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 16   CANADA ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 17   MEXICO ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 18   UNITED KINGDOM ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 19   GERMANY ECG EQUIPMENTS MARKET 2018-2026 ($ MILLION)

FIGURE 20   FRANCE ECG EQUIPMENTS MARKET 2018-2026 ($ MILLION)

FIGURE 21   NORDIC ECG EQUIPMENTS MARKET 2018-2026 ($ MILLION)

FIGURE 22   RUSSIA ECG EQUIPMENTS MARKET 2018-2026 ($ MILLION)

FIGURE 23   CHINA ECG EQUIPMENTS MARKET 2018-2026 ($ MILLION)

FIGURE 24   JAPAN ECG EQUIPMENTS MARKET 2018-2026 ($ MILLION)

FIGURE 25   SOUTH KOREA ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 26   INDIA ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 27   REST OF APAC ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 28   MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

FIGURE 29   LATIN ECG EQUIPMENT AMERICA MARKET 2018-2026 ($ MILLION)

FIGURE 30   CVD AND OTHER DISEASES DISTRIBUTION IN LATIN AMERICA

FIGURE 31   BRAZIL ECG EQUIPMENT MARKET 2018-2026 ($ MILLION)

  1. MARKET SEGMENTATION
    • MARKET BY LEAD TYPE 2018-2026
      • SINGLE LEAD
      • 3-6 LEAD
      • 12 LEAD
    • MARKET BY END USER 2018-2026
      • HOSPITALS
      • HOME/AMBULATORY CARE-BASED
    • MARKET BY PRODUCT 2018-2026
      • RESTING ECG MONITORING SYSTEMS
      • ECG STRESS TESTING SYSTEM
      • HOLTER MONITORING SYSTEM/ EVENT MONITORING SYSTEM
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES OF AMERICA
      • CANADA
      • MEXICO
    • EUROPE
      • THE UNITED KINGDOM
      • GERMANY
      • FRANCE
      • NORDICS
      • RUSSIA
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • REST OF APAC
    • REST OF THE WORLD (ROW)
      • MIDDLE EAST AND AFRICA
      • LATIN AMERICA
      • BRAZIL

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