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ECG Equipment And Management Systems Market, By Type (Holter Monitors, Resting ECG System, Stress EC

Published Date: | Report Code : HC2068947

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ECG Equipment And Management Systems Market, By Type (Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, and ECG Management Systems), By Technology (Single Lead Devices, 3-6 Lead Devices, and 12 Lead Devices), By End-use (Hospitals & Clinics, Ambulatory Facilities, and Others), and By Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America)–Market Size & Forecasting To 2028

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Healthcare

Report Code : HC2068947

Status : Upcoming

The Global ECG equipment and management systems market is expected to reach USD XX million by 2028, at a CAGR of XX from USD XX million in 2019. The key factors that are propelling the growth of the market for ECG equipment and management systems include increasing incidence of cardiac arrhythmia and rising demand for ambulatory monitoring devices. Increasing geriatric population, technical developments, and advances in ECG equipment & management systems are also anticipated to drive market growth during the forecast period.

An increase in ageing population is expected to drive the market growth for ECG equipment and management systems. In 2015, as per National Institute on Aging, which is a part of the National Institutes of Health, about 8.5 percent of the world’s population (617 million) was aged 65 or older. In 2017, the population of Europe aged 60 years or more was 25.7%, which is estimated to rise to 32.2% by 2050.

In adults aged 60 and over, the prevalence of heart disease and diabetes rises with age, leading to a higher incidence of these diseases. For instance, American Heart Association in 2016 reported that about 85.6 million people in the U.S. suffer from one or more cardiovascular disorders, of which about 43.7 million adults are reported to be over 60 years of age.

In the recent past, the transition from paper-based ECG analysis to electronic ECG equipment and management systems has helped boost performance. In addition, connectivity with cardiovascular information systems (CVIS), smartphones, and cloud-based systems has been strengthened by developments in ECG equipment and management systems, such as the implementation of an open platform. In April 2016, for example, GE Healthcare launched a new version of the Muse ECG management system, MUSE v9, which enables clinicians to better access all ECG waveforms and data related to it from various suppliers, devices, and test types.

The ECG Equipment and Management Systems market is segmented on the basis of type, technology, and end-use.

Based on type, the market is divided into holter monitors, resting ECG system, stress ECG monitors, event monitoring systems, and ECG management systems. Among these, the resting ECG system held the largest market share during the 2019. Owing to new product releases, advanced data analysis software, and other technical advances for better treatment and precise diagnosis, the growth of the segment is characterized by improved clinical accuracy. However, the ECG management systems segment is poised to grow with the highest CAGR in the forecast period

Based on the technology, the market has been divided into single lead devices, 3-6 lead devices, and 12 lead devices. Among these, single lead devices are anticipated to grow with a significant CAGR during the forecast period. The use of single lead devices for heart rate monitoring during exercise and athletic activities is expected to increase the acceptance of these devices.

With the rising popularity of home care due to a change in trend towards personalized health monitoring, these devices are likely to gain strong traction in the near future. In addition, changing cardiac assessment preferences to self-triaging, prior to opting for detailed analysis systems, is leading to the introduction of smartphones and handheld single-lead ECG monitors, thereby driving the market.

Moreover, some organizations are combining ECG monitoring devices with mobile interoperability in order to provide consumers with immediate and convenient access to ECG waveforms. These activities allow patient outcomes to be improved in the treatment of cardiovascular diseases. These technological developments are expected to stimulate market growth of single lead devices in the near future.

Based on the end-use, the market is divided into hospitals & clinics, ambulatory facilities, and others. Among these, the hospitals & clinics segment is to hold the largest market share during the forecast period. This trend is attributed to the growing incidence of cardiac arrhythmias and the increasing acceptance of holter devices by hospitals.

However, the ambulatory facilities segment is projected to experience the highest CAGR in the forecast period. The growth of the segment is driven by the latest technological developments, a shift in attention towards ambulatory treatment centers, and the adoption of advanced portable devices such as ECG equipment and management systems. As these devices allow the immediate transfer of data relating to outpatient procedures, the demand for such devices in outpatient centers for the precise evaluation of cardiac arrhythmias is growing.

Regional Outlook:

Region-wise, the global ECG equipment, and management systems market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is predicted to hold a dominant position owing to the increasing geriatric population and lifestyle diseases. In addition, in the U.S. and Canada, the acceptance and launch of modern, next-generation ECG equipment and management systems and high penetration of wearable devices are likely to fuel market growth.

During the forecast period, in Europe, a rise in the prevalence of CVDs, an increasing geriatric population, and favorable regulatory conditions are anticipated to propel the growth of the market. In the Asia Pacific region, technological developments such as wireless and real-time tracking are expected to foster market development, along with increased healthcare spending and support by regulatory bodies.

In the Asia pacific region, according to the American Heart Association, 6.1% of people have heart disease, 1.9% have a stroke, 21.0% have hypertension, and 3.7% have Coronary Heart Disease (CHD). Therefore, in the forecast period, the existence of a wide patient pool and high-quality facilities and a rise in medical tourism are expected to propel the Asia Pacific market of ECG equipment and management systems.

Competitive Landscape

The competitive scenario highlights the performance of major companies operating in the ECG equipment and management systems market. This includes the detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in recent years.

The major companies profiled in the market include GE Healthcare, BioTelemetry, Inc., Nihon Kohden Corporation, CompuMed, Inc., Schiller AG, Hill Rom, Mindray Medical, Koninklijke Philips N.V., McKesson Corporation, Meditech Equipment Co., Ltd., CardioComm Solutions, Inc., Device Technologies, and ZOLL Medical Corporation, among others. Additionally, the competitive landscape provides a detailed description of each company including future capacities, financial overview, key mergers & acquisitions, partnerships, collaborations, new product developments, new product launches, and other latest industrial developments.

What Does This Report Provide?

This report provides a detailed understanding of the global ECG equipment and management systems market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Type

  • Holter Monitors
  • Resting ECG System
  • Stress ECG Monitors
  • Event Monitoring Systems
  • ECG Management Systems

By Technology

  • Single lead devices
  • 3-6 lead devices
  • 12 lead devices

By End-use

  • Hospitals & Clinics
  • Ambulatory Facilities
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Technology
    • By End-use
  • Europe
    • By Country (Russia, Germany, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By Technology
    • By End-use
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Technology
    • By End-use
  • Middle East and Africa
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East and Africa)
    • By Type
    • By Technology
    • By End-use
  • South America
    • By Country (Argentina, Brazil, Rest of South America)
    • By Type
    • By Technology
    • By End-use

Reasons to Buy This Report:

  • Market size estimation of the ECG equipment and management systems market on a regional and global basis
  • Unique research usage for market size estimation and forecasts
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments, helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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