
ECG Equipment Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type
Description
ECG Equipment Market Summary
Introduction
ECG equipment, encompassing resting, Holter, stress, event, and mobile telemetry systems, is vital for diagnosing cardiovascular diseases (CVDs), which cause 17.9 million deaths annually. The market is fueled by rising CVD risk factors like hypertension (1.3 billion cases) and diabetes (600 million cases), alongside aging populations and telehealth growth. Innovations like portable devices and AI algorithms enhance detection. The global market is projected to reach between USD 5.3 billion and USD 8.8 billion in 2025, with a CAGR of 6.3% to 8.4% through 2030.
Regional Analysis
North America: The U.S. leads with high CVD rates, while Canada focuses on telehealth.
Europe: Germany, France, and the UK drive demand due to advanced diagnostics.
Asia Pacific: China and India see growth from rising chronic diseases, while Japan emphasizes elderly care.
Rest of the World: Brazil expands cardiac care, and the Middle East invests in monitoring tech.
Application Analysis
Hospitals: Expected growth of 6.4%-8.5%, driven by acute care. Trends focus on integration.
Ambulatory Surgical Centers: Projected growth of 6.2%-8.3%, linked to outpatient diagnostics. Developments emphasize portability.
Others: Anticipated growth of 6.1%-8.2%, covering home care. Advances prioritize accessibility.
Type Analysis
Resting ECG Systems: Expected growth of 6.3%-8.4%, valued for routine use. Trends highlight cloud connectivity.
Holter Monitoring Systems: Projected growth of 6.4%-8.5%, key for long-term tracking. Advances focus on wearability.
Stress ECG Monitors: Anticipated growth of 6.2%-8.3%, suited for exercise tests. Innovations emphasize accuracy.
Event Monitoring Systems: Expected growth of 6.5%-8.6%, driven by arrhythmia detection. Trends lean toward AI.
Mobile Cardiac Telemetry Systems: Projected growth of 6.6%-8.7%, key for real-time data. Advances focus on mobility.
Key Market Players
Leading firms include GE HealthCare, offering advanced ECGs; Philips, launching cloud-based systems; Nihon Kohden Corporation, enhancing diagnostics; Schiller, focusing on portability; Shenzhen Mindray, scaling solutions; Medtronic, supporting cardiac care; Hill-Rom Services (Baxter), boosting telemetry; AliveCor, innovating in wearables; Spacelabs Healthcare, targeting monitoring; and Johnson & Johnson, advancing tech.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to tech and regulatory barriers, though wearable innovators can enter.
Threat of Substitutes: Low, as ECGs are essential for CVD diagnosis with no direct alternatives.
Bargaining Power of Buyers: Moderate, with facilities seeking reliable, cost-effective devices, though clinical needs limit options.
Bargaining Power of Suppliers: Low, with multiple component providers.
Competitive Rivalry: High, with competition on AI, portability, and connectivity.
Market Opportunities and Challenges
Opportunities:
CVDs (17.9 million deaths) and risk factors (1.3 billion hypertension cases) drive demand.
Aging populations (2.1 billion over 60 by 2050) boost needs, while
AI and telehealth enhance adoption. Wearable trends increase usage.
Challenges:
High costs of advanced devices limit access in low-income regions.
Regulatory delays for AI tech slow growth.
Data privacy concerns pose barriers.
Market News
In February 2024, Thyrocare acquired Think Health, enhancing home ECG services in India.
In January 2024, Omron launched AliveCor’s KardiaMobile in Italy and France.
In December 2021, Baxter completed the acquisition of Hillrom.
Introduction
ECG equipment, encompassing resting, Holter, stress, event, and mobile telemetry systems, is vital for diagnosing cardiovascular diseases (CVDs), which cause 17.9 million deaths annually. The market is fueled by rising CVD risk factors like hypertension (1.3 billion cases) and diabetes (600 million cases), alongside aging populations and telehealth growth. Innovations like portable devices and AI algorithms enhance detection. The global market is projected to reach between USD 5.3 billion and USD 8.8 billion in 2025, with a CAGR of 6.3% to 8.4% through 2030.
Regional Analysis
North America: The U.S. leads with high CVD rates, while Canada focuses on telehealth.
Europe: Germany, France, and the UK drive demand due to advanced diagnostics.
Asia Pacific: China and India see growth from rising chronic diseases, while Japan emphasizes elderly care.
Rest of the World: Brazil expands cardiac care, and the Middle East invests in monitoring tech.
Application Analysis
Hospitals: Expected growth of 6.4%-8.5%, driven by acute care. Trends focus on integration.
Ambulatory Surgical Centers: Projected growth of 6.2%-8.3%, linked to outpatient diagnostics. Developments emphasize portability.
Others: Anticipated growth of 6.1%-8.2%, covering home care. Advances prioritize accessibility.
Type Analysis
Resting ECG Systems: Expected growth of 6.3%-8.4%, valued for routine use. Trends highlight cloud connectivity.
Holter Monitoring Systems: Projected growth of 6.4%-8.5%, key for long-term tracking. Advances focus on wearability.
Stress ECG Monitors: Anticipated growth of 6.2%-8.3%, suited for exercise tests. Innovations emphasize accuracy.
Event Monitoring Systems: Expected growth of 6.5%-8.6%, driven by arrhythmia detection. Trends lean toward AI.
Mobile Cardiac Telemetry Systems: Projected growth of 6.6%-8.7%, key for real-time data. Advances focus on mobility.
Key Market Players
Leading firms include GE HealthCare, offering advanced ECGs; Philips, launching cloud-based systems; Nihon Kohden Corporation, enhancing diagnostics; Schiller, focusing on portability; Shenzhen Mindray, scaling solutions; Medtronic, supporting cardiac care; Hill-Rom Services (Baxter), boosting telemetry; AliveCor, innovating in wearables; Spacelabs Healthcare, targeting monitoring; and Johnson & Johnson, advancing tech.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to tech and regulatory barriers, though wearable innovators can enter.
Threat of Substitutes: Low, as ECGs are essential for CVD diagnosis with no direct alternatives.
Bargaining Power of Buyers: Moderate, with facilities seeking reliable, cost-effective devices, though clinical needs limit options.
Bargaining Power of Suppliers: Low, with multiple component providers.
Competitive Rivalry: High, with competition on AI, portability, and connectivity.
Market Opportunities and Challenges
Opportunities:
CVDs (17.9 million deaths) and risk factors (1.3 billion hypertension cases) drive demand.
Aging populations (2.1 billion over 60 by 2050) boost needs, while
AI and telehealth enhance adoption. Wearable trends increase usage.
Challenges:
High costs of advanced devices limit access in low-income regions.
Regulatory delays for AI tech slow growth.
Data privacy concerns pose barriers.
Market News
In February 2024, Thyrocare acquired Think Health, enhancing home ECG services in India.
In January 2024, Omron launched AliveCor’s KardiaMobile in Italy and France.
In December 2021, Baxter completed the acquisition of Hillrom.
Table of Contents
95 Pages
- Chapter 1 Executive Summary
- Chapter 2 Abbreviation and Acronyms
- Chapter 3 Preface
- 3.1 Research Scope
- 3.2 Research Sources
- 3.2.1 Data Sources
- 3.2.2 Assumptions
- 3.3 Research Method
- Chapter Four Market Landscape
- 4.1 Market Overview
- 4.2 Classification/Types
- 4.3 Application/End Users
- Chapter 5 Market Trend Analysis
- 5.1 Introduction
- 5.2 Drivers
- 5.3 Restraints
- 5.4 Opportunities
- 5.5 Threats
- Chapter 6 Industry Chain Analysis
- 6.1 Upstream/Suppliers Analysis
- 6.2 Ecg Equipment Analysis
- 6.2.1 Technology Analysis
- 6.2.2 Cost Analysis
- 6.2.3 Market Channel Analysis
- 6.3 Downstream Buyers/End Users
- Chapter 7 Latest Market Dynamics
- 7.1 Latest News
- 7.2 Merger and Acquisition
- 7.3 Planned/Future Project
- 7.4 Policy Dynamics
- Chapter 8 Historical and Forecast Ecg Equipment Market in North America (2020-2030)
- 8.1 Ecg Equipment Market Size
- 8.2 Ecg Equipment Market by End Use
- 8.3 Competition by Players/Suppliers
- 8.4 Ecg Equipment Market Size by Type
- 8.5 Key Countries Analysis
- 8.5.1 United States
- 8.5.2 Canada
- 8.5.3 Mexico
- Chapter 9 Historical and Forecast Ecg Equipment Market in South America (2020-2030)
- 9.1 Ecg Equipment Market Size
- 9.2 Ecg Equipment Market by End Use
- 9.3 Competition by Players/Suppliers
- 9.4 Ecg Equipment Market Size by Type
- 9.5 Key Countries Analysis
- 9.5.1 Brazil
- 9.5.2 Argentina
- 9.5.3 Chile
- 9.5.4 Peru
- Chapter 10 Historical and Forecast Ecg Equipment Market in Asia & Pacific (2020-2030)
- 10.1 Ecg Equipment Market Size
- 10.2 Ecg Equipment Market by End Use
- 10.3 Competition by Players/Suppliers
- 10.4 Ecg Equipment Market Size by Type
- 10.5 Key Countries Analysis
- 10.5.1 China
- 10.5.2 India
- 10.5.3 Japan
- 10.5.4 South Korea
- 10.5.5 Southest Asia
- 10.5.6 Australia
- Chapter 11 Historical and Forecast Ecg Equipment Market in Europe (2020-2030)
- 11.1 Ecg Equipment Market Size
- 11.2 Ecg Equipment Market by End Use
- 11.3 Competition by Players/Suppliers
- 11.4 Ecg Equipment Market Size by Type
- 11.5 Key Countries Analysis
- 11.5.1 Germany
- 11.5.2 France
- 11.5.3 United Kingdom
- 11.5.4 Italy
- 11.5.5 Spain
- 11.5.6 Belgium
- 11.5.7 Netherlands
- 11.5.8 Austria
- 11.5.9 Poland
- 11.5.10 Russia
- Chapter 12 Historical and Forecast Ecg Equipment Market in MEA (2020-2030)
- 12.1 Ecg Equipment Market Size
- 12.2 Ecg Equipment Market by End Use
- 12.3 Competition by Players/Suppliers
- 12.4 Ecg Equipment Market Size by Type
- 12.5 Key Countries Analysis
- 12.5.1 Egypt
- 12.5.2 Israel
- 12.5.3 South Africa
- 12.5.4 Gulf Cooperation Council Countries
- 12.5.5 Turkey
- Chapter 13 Summary For Global Ecg Equipment Market (2020-2025)
- 13.1 Ecg Equipment Market Size
- 13.2 Ecg Equipment Market by End Use
- 13.3 Competition by Players/Suppliers
- 13.4 Ecg Equipment Market Size by Type
- Chapter 14 Global Ecg Equipment Market Forecast (2025-2030)
- 14.1 Ecg Equipment Market Size Forecast
- 14.2 Ecg Equipment Application Forecast
- 14.3 Competition by Players/Suppliers
- 14.4 Ecg Equipment Type Forecast
- Chapter 15 Analysis of Global Key Vendors
- 15.1 GE HealthCare
- 15.1.1 Company Profile
- 15.1.2 Main Business and ECG Equipment Information
- 15.1.3 SWOT Analysis of GE HealthCare
- 15.1.4 GE HealthCare ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- 15.2 Philips
- 15.2.1 Company Profile
- 15.2.2 Main Business and ECG Equipment Information
- 15.2.3 SWOT Analysis of Philips
- 15.2.4 Philips ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- 15.3 Nihon Kohden Corporation
- 15.3.1 Company Profile
- 15.3.2 Main Business and ECG Equipment Information
- 15.3.3 SWOT Analysis of Nihon Kohden Corporation
- 15.3.4 Nihon Kohden Corporation ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- 15.4 Schiller
- 15.4.1 Company Profile
- 15.4.2 Main Business and ECG Equipment Information
- 15.4.3 SWOT Analysis of Schiller
- 15.4.4 Schiller ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- 15.5 Shenzhen Mindray Bio-Medical Electronics
- 15.5.1 Company Profile
- 15.5.2 Main Business and ECG Equipment Information
- 15.5.3 SWOT Analysis of Shenzhen Mindray Bio-Medical Electronics
- 15.5.4 Shenzhen Mindray Bio-Medical Electronics ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- 15.6 Medtronic
- 15.6.1 Company Profile
- 15.6.2 Main Business and ECG Equipment Information
- 15.6.3 SWOT Analysis of Medtronic
- 15.6.4 Medtronic ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- 15.7 Hill-Rom Services(Baxter)
- 15.7.1 Company Profile
- 15.7.2 Main Business and ECG Equipment Information
- 15.7.3 SWOT Analysis of Hill-Rom Services(Baxter)
- 15.7.4 Hill-Rom Services(Baxter) ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- 15.8 AliveCor
- 15.8.1 Company Profile
- 15.8.2 Main Business and ECG Equipment Information
- 15.8.3 SWOT Analysis of AliveCor
- 15.8.4 AliveCor ECG Equipment Revenue, Gross Margin and Market Share (2020-2025)
- Please ask for sample pages for full companies list
- Tables and Figures
- Table Abbreviation and Acronyms
- Table Research Scope of Ecg Equipment Report
- Table Data Sources of Ecg Equipment Report
- Table Major Assumptions of Ecg Equipment Report
- Figure Market Size Estimated Method
- Figure Major Forecasting Factors
- Figure Ecg Equipment Picture
- Table Ecg Equipment Classification
- Table Ecg Equipment Applications
- Table Drivers of Ecg Equipment Market
- Table Restraints of Ecg Equipment Market
- Table Opportunities of Ecg Equipment Market
- Table Threats of Ecg Equipment Market
- Table Covid-19 Impact For Ecg Equipment Market
- Table Raw Materials Suppliers
- Table Different Production Methods of Ecg Equipment
- Table Cost Structure Analysis of Ecg Equipment
- Table Key End Users
- Table Latest News of Ecg Equipment Market
- Table Merger and Acquisition
- Table Planned/Future Project of Ecg Equipment Market
- Table Policy of Ecg Equipment Market
- Table 2020-2030 North America Ecg Equipment Market Size
- Figure 2020-2030 North America Ecg Equipment Market Size and CAGR
- Table 2020-2030 North America Ecg Equipment Market Size by Application
- Table 2020-2025 North America Ecg Equipment Key Players Revenue
- Table 2020-2025 North America Ecg Equipment Key Players Market Share
- Table 2020-2030 North America Ecg Equipment Market Size by Type
- Table 2020-2030 United States Ecg Equipment Market Size
- Table 2020-2030 Canada Ecg Equipment Market Size
- Table 2020-2030 Mexico Ecg Equipment Market Size
- Table 2020-2030 South America Ecg Equipment Market Size
- Figure 2020-2030 South America Ecg Equipment Market Size and CAGR
- Table 2020-2030 South America Ecg Equipment Market Size by Application
- Table 2020-2025 South America Ecg Equipment Key Players Revenue
- Table 2020-2025 South America Ecg Equipment Key Players Market Share
- Table 2020-2030 South America Ecg Equipment Market Size by Type
- Table 2020-2030 Brazil Ecg Equipment Market Size
- Table 2020-2030 Argentina Ecg Equipment Market Size
- Table 2020-2030 Chile Ecg Equipment Market Size
- Table 2020-2030 Peru Ecg Equipment Market Size
- Table 2020-2030 Asia & Pacific Ecg Equipment Market Size
- Figure 2020-2030 Asia & Pacific Ecg Equipment Market Size and CAGR
- Table 2020-2030 Asia & Pacific Ecg Equipment Market Size by Application
- Table 2020-2025 Asia & Pacific Ecg Equipment Key Players Revenue
- Table 2020-2025 Asia & Pacific Ecg Equipment Key Players Market Share
- Table 2020-2030 Asia & Pacific Ecg Equipment Market Size by Type
- Table 2020-2030 China Ecg Equipment Market Size
- Table 2020-2030 India Ecg Equipment Market Size
- Table 2020-2030 Japan Ecg Equipment Market Size
- Table 2020-2030 South Korea Ecg Equipment Market Size
- Table 2020-2030 Southeast Asia Ecg Equipment Market Size
- Table 2020-2030 Australia Ecg Equipment Market Size
- Table 2020-2030 Europe Ecg Equipment Market Size
- Figure 2020-2030 Europe Ecg Equipment Market Size and CAGR
- Table 2020-2030 Europe Ecg Equipment Market Size by Application
- Table 2020-2025 Europe Ecg Equipment Key Players Revenue
- Table 2020-2025 Europe Ecg Equipment Key Players Market Share
- Table 2020-2030 Europe Ecg Equipment Market Size by Type
- Table 2020-2030 Germany Ecg Equipment Market Size
- Table 2020-2030 France Ecg Equipment Market Size
- Table 2020-2030 United Kingdom Ecg Equipment Market Size
- Table 2020-2030 Italy Ecg Equipment Market Size
- Table 2020-2030 Spain Ecg Equipment Market Size
- Table 2020-2030 Belgium Ecg Equipment Market Size
- Table 2020-2030 Netherlands Ecg Equipment Market Size
- Table 2020-2030 Austria Ecg Equipment Market Size
- Table 2020-2030 Poland Ecg Equipment Market Size
- Table 2020-2030 Russia Ecg Equipment Market Size
- Table 2020-2030 MEA Ecg Equipment Market Size
- Figure 2020-2030 MEA Ecg Equipment Market Size and CAGR
- Table 2020-2030 MEA Ecg Equipment Market Size by Application
- Table 2020-2025 MEA Ecg Equipment Key Players Revenue
- Table 2020-2025 MEA Ecg Equipment Key Players Market Share
- Table 2020-2030 MEA Ecg Equipment Market Size by Type
- Table 2020-2030 Egypt Ecg Equipment Market Size
- Table 2020-2030 Israel Ecg Equipment Market Size
- Table 2020-2030 South Africa Ecg Equipment Market Size
- Table 2020-2030 Gulf Cooperation Council Countries Ecg Equipment Market Size
- Table 2020-2030 Turkey Ecg Equipment Market Size
- Table 2020-2025 Global Ecg Equipment Market Size by Region
- Table 2020-2025 Global Ecg Equipment Market Size Share by Region
- Table 2020-2025 Global Ecg Equipment Market Size by Application
- Table 2020-2025 Global Ecg Equipment Market Share by Application
- Table 2020-2025 Global Ecg Equipment Key Vendors Revenue
- Figure 2020-2025 Global Ecg Equipment Market Size and Growth Rate
- Table 2020-2025 Global Ecg Equipment Key Vendors Market Share
- Table 2020-2025 Global Ecg Equipment Market Size by Type
- Table 2020-2025 Global Ecg Equipment Market Share by Type
- Table 2025-2030 Global Ecg Equipment Market Size by Region
- Table 2025-2030 Global Ecg Equipment Market Size Share by Region
- Table 2025-2030 Global Ecg Equipment Market Size by Application
- Table 2025-2030 Global Ecg Equipment Market Share by Application
- Table 2025-2030 Global Ecg Equipment Key Vendors Revenue
- Figure 2025-2030 Global Ecg Equipment Market Size and Growth Rate
- Table 2025-2030 Global Ecg Equipment Key Vendors Market Share
- Table 2025-2030 Global Ecg Equipment Market Size by Type
- Table 2025-2030 Ecg Equipment Global Market Share by Type
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