Exclusive special offer and discount title banner vector image

NORTH AMERICA ECG EQUIPMENT MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America ECG Equipment Market by Lead Type (Single Lead, 3-6 Lead, 12-lead) Market by Product (Diagnostic ECG System, Monitoring ECG System) Market by System (Stationary ECG System, Portable ECG System) Market by End-user (Hospitals & Clinics, Home/ambulatory Care, Other End-users) by Geography

REQUEST CUSTOMIZATION

MARKET OVERVIEW

The North America ECG equipment market is predicted to grow with a CAGR of 4.72% over the projection years of 2023-2032, capturing a revenue share of $3830.42 million by 2032.

The region’s market growth is strengthened by factors such as the high incidence of heart diseases, increased healthcare expenditure, the rising investment in research and development, as well as the presence of well-established companies, such as AliveCor and CardioComm Solutions, coupled with their introduction of advanced devices. However, lower profits for manufacturers and price wars arising from various companies’ competition for a significant share may restrict the growth of the North America ECG equipment market.

North-America-ECG-Equipment-Market

To Know More About This Report, Request a Free Sample Copy

The United States and Canada are assessed for the North America ECG equipment market growth analysis. Some of the top drivers credited to the market expansion in the United States include the presence of a sophisticated healthcare infrastructure as well as the surging adoption of advanced cardiovascular solutions. The country is also witnessing an increase in the obese population with a higher susceptibility to being diagnosed with various cardiovascular diseases (CVDs), coupled with the increasing adoption of unhealthy lifestyle habits. Moreover, as per the Centers for Disease Control and Prevention (CDC), heart disease is the major cause of death in the United States, with cardiovascular disease reportedly claiming a life every 33 seconds in the nation.

Furthermore, approximately 805,000 individuals in the United States experience a heart attack annually. In 2021, about 695,000 people in the country died from heart disease, accounting for 1 in every 5 mortalities. The financial impact of heart disease in the United States is adverse, as well, costing about $239.9 billion every year between 2018 and 2019; the figure includes expenditures associated with medications, healthcare services, and the loss of productivity on account of premature deaths. Hence, the demand for ECG equipment is likely to increase as the incidence rate of CVD rises. This factor, in turn, is projected to propel the North America ECG equipment market growth over the forecasted period. 

The North America ECG equipment market is segmented into lead type, product, system, and end-user. The lead type segment includes single lead, 3-6 lead, and 12-lead. Single lead ECG machines measure basic heart rate as well as symptoms such as chest pain. These devices also help accomplish 12-lead recordings sequentially, in addition to facilitating research and education.

Single lead ECG equipment are also available for home, personal usage, as well as sports, and can help determine heart rates associated with sports activities, exercise, and workouts. Moreover, they are relatively economical compared to 12-lead type ECG equipment.

Some of the top companies operating in the North America ECG equipment market include BioTelemetry Inc, Hill-Rom Holdings Inc, CompuMed Inc, etc. 

CompuMed Inc, headquartered in the United States, is involved in the distribution of teleradiology as well as teleradiology products and services. The company’s offerings provide direct access to United States Board-certified specialists via integrated medical devices and cloud-based technology. 

Furthermore, it is also engaged in the electronic processing of echocardiograms (Echos), ultrasound studies, electrocardiograms (ECGs), and X-rays, while providing ECG equipment and cardiology services. Through its proprietary Marquette® 12SL™ ECG analysis programs, CompuMed Inc’s MAC® 800 delivers an EMR-ready solution with reliable ECG information.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million), Volume (Kilotons)
Segments Analyzed
Lead Type, Product, System, End-User
Countries AnalyzedThe United States and Canada
Companies AnalyzedBionet Co Ltd, BioTelemetry Inc, CompuMed Inc, GE Healthcare, Hill-Rom Holdings Inc, McKesson Corporation, Mindray Medical International Limited, Nihon Kohden Corporation, Philips Healthcare, Schiller AG, Siemens Healthineers AG, Spacelabs Healthcare, Welch Allyn Inc, ZOLL Medical Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. PREVALENCE OF CARDIOVASCULAR DISEASES
      2. INCREASING USAGE OF MONITORING DEVICES DUE TO RISING GERIATRIC POPULATION
      3. GROWING HEALTHCARE SPENDING
    2. KEY RESTRAINTS
      1. INTENSE COMPETITION AMONG VENDORS
      2. COMPLEX REIMBURSEMENT POLICIES REGARDING CARDIOVASCULAR DISEASES (CVD)
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. VALUE CHAIN ANALYSIS
    4. KEY BUYING CRITERIA
    5. REGULATORY FRAMEWORK
  5. MARKET BY LEAD TYPE
    1. SINGLE LEAD
    2. 3-6 LEAD
    3. 12-LEAD
  6. MARKET BY PRODUCT
    1. DIAGNOSTIC ECG SYSTEM
      1. REST ECG SYSTEM
      2. STRESS ECG SYSTEM
      3. HOLTER ECG SYSTEM
    2. MONITORING ECG SYSTEM
      1. EVENT MONITORING
      2. CONTINUOUS MONITORING
      3. REMOTE MONITORING
  7. MARKET BY SYSTEM
    1. STATIONARY ECG SYSTEM
    2. PORTABLE ECG SYSTEM
      1. APPLICATIONS OF PORTABLE ECG SYSTEMS IN DIGITAL AND TELEHEALTH MARKET
        1. CASE STUDY- 1: DEVELOPMENT OF PORTABLE ECG DEVICES
        2. CASE STUDY- 2: TELECARDIOLOGY
        3. CASE STUDY- 3: USE OF WEARABLE DEVICES FOR AMBULATORY MONITORING
      2. HANDHELD ECG SYSTEM
      3. WEARABLE ECG SYSTEM
      4. PEN ECG SYSTEM
      5. OTHER PORTABLE ECG SYSTEMS
  8. MARKET BY END-USER
    1. HOSPITALS & CLINICS
    2. HOME/AMBULATORY CARE
    3. OTHER END-USERS
  9. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA ECG EQUIPMENT MARKET DRIVERS
      3. NORTH AMERICA ECG EQUIPMENT MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA ECG EQUIPMENT MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BIONET CO LTD
      2. BIOTELEMETRY INC
      3. COMPUMED INC
      4. GE HEALTHCARE
      5. HILL-ROM HOLDINGS INC
      6. MCKESSON CORPORATION
      7. MINDRAY MEDICAL INTERNATIONAL LIMITED
      8. NIHON KOHDEN CORPORATION
      9. PHILIPS HEALTHCARE
      10. SCHILLER AG
      11. SIEMENS HEALTHINEERS AG
      12. SPACELABS HEALTHCARE (SUBSIDIARY OF OSI SYSTEMS INC)
      13. WELCH ALLYN INC (ACQUIRED BY HILL-ROM)
      14. ZOLL MEDICAL CORPORATION (ACQUIRED BY ASAHI KASEI)

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ECG EQUIPMENT

TABLE 2: TYPES OF CARDIOVASCULAR DISEASES

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: NORTH AMERICA ECG EQUIPMENT MARKET, BY LEAD TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: NORTH AMERICA ECG EQUIPMENT MARKET, BY LEAD TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: NORTH AMERICA ECG EQUIPMENT MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: NORTH AMERICA ECG EQUIPMENT MARKET, BY PRODUCT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: NORTH AMERICA ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: NORTH AMERICA ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: NORTH AMERICA ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: NORTH AMERICA ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: NORTH AMERICA ECG EQUIPMENT MARKET, BY SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: NORTH AMERICA ECG EQUIPMENT MARKET, BY SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: NORTH AMERICA ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: NORTH AMERICA ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: PROS AND CONS OF COMMERCIALLY AVAILABLE PORTABLE ECG DEVICES

TABLE 17: NORTH AMERICA ECG EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 18: NORTH AMERICA ECG EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 19: NORTH AMERICA ECG EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 20: NORTH AMERICA ECG EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 21: KEY PLAYERS OPERATING IN NORTH AMERICA ECG EQUIPMENT MARKET

TABLE 22: LIST OF MERGERS & ACQUISITIONS

TABLE 23: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 24: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 25: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY FACTS ABOUT CARDIOVASCULAR DISEASES

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: NORTH AMERICA ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY LEAD TYPE, IN 2022

FIGURE 7: NORTH AMERICA ECG EQUIPMENT MARKET, BY SINGLE LEAD, 2023-2032 (IN $ MILLION)

FIGURE 8: NORTH AMERICA ECG EQUIPMENT MARKET, BY 3-6 LEAD, 2023-2032 (IN $ MILLION)

FIGURE 9: NORTH AMERICA ECG EQUIPMENT MARKET, BY 12-LEAD, 2023-2032 (IN $ MILLION)

FIGURE 10: NORTH AMERICA ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022

FIGURE 11: NORTH AMERICA ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 12: NORTH AMERICA ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY DIAGNOSTIC ECG SYSTEM, IN 2022

FIGURE 13: NORTH AMERICA ECG EQUIPMENT MARKET, BY REST ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA ECG EQUIPMENT MARKET, BY STRESS ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 15: NORTH AMERICA ECG EQUIPMENT MARKET, BY HOLTER ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY MONITORING ECG SYSTEM, IN 2022

FIGURE 18: NORTH AMERICA ECG EQUIPMENT MARKET, BY EVENT MONITORING, 2023-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA ECG EQUIPMENT MARKET, BY CONTINUOUS MONITORING, 2023-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA ECG EQUIPMENT MARKET, BY REMOTE MONITORING, 2023-2032 (IN $ MILLION)

FIGURE 21: NORTH AMERICA ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY SYSTEM, IN 2022

FIGURE 22: NORTH AMERICA ECG EQUIPMENT MARKET, BY STATIONARY ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 23: NORTH AMERICA ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 24: NORTH AMERICA ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY PORTABLE ECG SYSTEM, IN 2022

FIGURE 25: USE CASES OF WEARABLE MONITORING DEVICES

FIGURE 26: NORTH AMERICA ECG EQUIPMENT MARKET, BY HANDHELD ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 27: NORTH AMERICA ECG EQUIPMENT MARKET, BY WEARABLE ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 28: NORTH AMERICA ECG EQUIPMENT MARKET, BY PEN ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 29: NORTH AMERICA ECG EQUIPMENT MARKET, BY OTHER PORTABLE ECG SYSTEMS, 2023-2032 (IN $ MILLION)

FIGURE 30: NORTH AMERICA ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 31: NORTH AMERICA ECG EQUIPMENT MARKET, BY HOSPITALS & CLINICS, 2023-2032 (IN $ MILLION)

FIGURE 32: NORTH AMERICA ECG EQUIPMENT MARKET, BY HOME/AMBULATORY CARE, 2023-2032 (IN $ MILLION)

FIGURE 33: NORTH AMERICA ECG EQUIPMENT MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)

FIGURE 34: NORTH AMERICA ECG EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 35: UNITED STATES ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: CANADA ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

Request Customization
Request Customization
Request free sample