Global ECG Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025

  • ID: 4394900
  • Report
  • Region: Global
  • Acute Market Reports
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FEATURED COMPANIES

  • Beck-Lee
  • Cardioline S.P.A.
  • GE Healthcare
  • Medtronic
  • Mindray International
  • Nihon Kohden Corporation
  • MORE

The ECG equipment market was valued at USD 4549.71 Mn in 2017, and is expected to reach USD 6528.5 Mn by 2025, expanding at a CAGR of 6.1% from 2017 - 2025.

Market Insights

Innovative advancement in communication technologies and low power circuit plan have empowered the development of better and more secure ECG equipment, which are convenient, work with lower force utilization, more exact, and have the ability to incorporate the latest diagnostic features. Innovative developments such as, cloud storage, wireless communications and advanced data analytics tools are creating huge opportunities in the ECG equipment market. ECG with its advanced features to incorporate ECG record to the patient's electronic medicinal record (EMR) enables hospital’s workflow to be effectively streamlined. EMR helps in remotely securing the ECG information which can be used further for analysis. Rising incidence of cardiovascular disease has required continuous checking of heart patients, which substantially enhances the demand for cardiac monitoring equipment and associated supplies.

The global ECG market is expected to reach $ 6120 million by 2015 at a CAGR of 6.1%. The North American segment accounts for nearly 44% percent of the global market value in 2015 followed by APAC. Also Asia-Pacific is the fastest growing region with a CAGR of 6.6% during 2015-2022. With the development of better and safer, portable, power efficient ECG devices that are more accurate, the market will be witnessing growth in resting ECG and Holter monitor systems.

The foremost purpose of ECG is to assess heart’s electrical activities. The key expectation of customers from ideal ECG equipment is to produce accurate results within its operating range in a consistent and reliable way. Generally ECG monitors use analogous mechanisms for scanning data and differ in material used and manufacturing pattern. The foremost example is high-equity ECG systems (6and 12 Channel ECGs) which are multi processors and can provide more accurate results, and due to this has gain a respectable market share in the ECG market.

Price plays a significant role a while planning strategies for capturing market share, as customers prefer high quality products at low price. Particularly for Indian market, most of the companies are manufacturing low cost equipment which reflects that the market is highly competitive in nature. In 2009, around 34,000 units of ECG equipment were sold in the Indian Market, having a total value of Rs. 103 crore. This is an increase from 33,000 units sold in 2008. For example, In 2015 Philips launched Effica ECG100, claimed to be a cost effective cardiograph and improving patient care outcomes at reduced costs.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beck-Lee
  • Cardioline S.P.A.
  • GE Healthcare
  • Medtronic
  • Mindray International
  • Nihon Kohden Corporation
  • MORE
Chapter 1 Preface
1.1 Research Methodology and Report Description
1.2 Research Scope & Assumptions
1.3 List Of Data Sources

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmentation Synopsis

Chapter 3 Global ECG Equipment Market: Overview
3.1 Drivers
3.1.1 Growing Prevalence of Cardiovascular Diseases
3.1.2 Increase in Demand for Monitoring Equipment Among Ageing Patients
3.1.3 Mounting Demand for Remote Patient Monitoring and Advanced Technological Solutions
3.1.4 Worldwide Increase in Healthcare Expenditure
3.2 Challenges
3.2.1 Less Defined Reimbursement Policies
3.2.2 High Cost of ECG Equipment
3.2.3 Lack of Awareness on Management of CVDs
3.3 Future Prospects
3.3.1 Emerging Markets
3.3.2 Growing Scope in Medical Tourism
3.3.3 Market Consolidation Activities

Chapter 4 Global ECG Equipment Market, by End User Applications
4.1 Hospitals
4.1 Ambulatory Care

Chapter 5 Global ECG Equipment Market, by Products
5.1 Resting ECG Systems
5.2 Stress ECG Systems
5.3 Holter Monitors

Chapter 6 Global ECG Equipment Market, by Lead Type
6.1 Single-Lead Devices
6.2 3-6 LEAD Devices
6.3 12 Lead Devices

Chapter 7 Global ECG Equipment Market, by Geography
7.1 North America
7.1.1 US
7.1.2 Canada
7.1.3 Mexico
7.2 Europe
7.2.1 Germany
7.3 UK
7.3.1 Russia
7.4 Asia Pacific
7.4.1 China
7.4.2 India
7.4.3 South Korea
7.5 Middle East and Africa
7.6 Central and South America
7.7 Brazil

Chapter 8 Company Profiles
8.1 BECK-LEE
8.1.1 Company Overview
8.1.2 Strategic Initiatives
8.1.3 Scot Analysis
8.2 BIONET AMERICA, INC.
8.2.1 Company Overview
8.2.2 Strategic Initiatives
8.2.3 Scot Analysis
8.3 CARDIOLINE S.P.A.
8.3.1 Company Overview
8.3.2 Strategic Initiatives
8.3.3 Scot Analysis
8.4 CARDIONET
8.4.1 Company Overview
8.4.2 Strategic Initiatives
8.4.3 Scot Analysis
8.5 GE HEALTHCARE
8.5.1 Company Overview
8.5.2 Strategic Initiatives
8.5.3 Scot Analysis
8.6 JOHNSON & JOHNSON
8.6.1 Company Overview
8.6.2 Strategic Initiatives
8.6.3 Scot Analysis
8.7 MEDTRONIC
8.7.1 Company Overview
8.7.2 Strategic Initiatives
8.7.3 Scot Analysis
8.8 MIDMARK MEDICAL
8.8.1 Company Overview
8.8.2 Strategic Initiatives
8.8.3 Scot Analysis
8.9 MORTARA INSTRUMENTS
8.9.1 Company Overview
8.9.2 Strategic Initiatives
8.9.3 Scot Analysis
8.10 MINDRAY INTERNATIONAL
8.10.1 Company Overview
8.10.2 Strategic Initiatives
8.10.3 Scot Analysis
8.11 NIHON KOHDEN CORPORATION
8.11.1 Company Overview
8.11.2 Strategic Initiatives
8.11.3 Scot Analysis
8.12 PHILIPS HEALTHCARE
8.12.1 Company Overview
8.12.2 Strategic Initiatives
8.12.3 Scot Analysis
8.13 SCHILLER AG
8.13.1 Company Overview
8.13.2 Strategic Initiatives
8.13.3 Scot Analysis
8.14 SPACELABS HEALTHCARE
8.14.1 Company Overview
8.14.2 Strategic Initiatives
8.14.3 Scot Analysis
8.15 WELCH ALLYN
8.15.1 Company Overview
8.15.2 Strategic Initiatives
8.15.3 Scot Analysis

List of Figures
Fig. 1 Key Buying Criteria
Fig. 2 Global ECG Equipment Market Share, by Product Type, 2014 & 2022 (Value %)
Fig. 3 Global ECG Equipment Market Share, 2014 (Value %)
Fig. 4 Global ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 5 CVD Mortality Statistics, 2014
Fig. 6 Geriatric Population Statistics (Fractal Map), 2014
Fig. 7 Percentage of Geriatric Individuals with CVD, U.S., by Age and Gender, 2015
Fig. 8 Global ECG Equipment Market in Hospitals, 2015-2025 (USD Mn)
Fig. 9 Global ECG Equipment Market in Ambulatory Care, 2015-2025 (USD Mn)
Fig. 10 Global Resting ECG Systems Market, 2015-2025 (USD Mn)
Fig. 11 Global Stress ECG Systems Market, 2015-2025 (USD Mn)
Fig. 12 Global Holter Monitors Market, 2015-2025 (USD Mn)
Fig. 13 Global Single-Lead ECG Devices Market, 2015-2025 (USD Mn)
Fig. 14 Global 3.6 Lead ECG Devices Market, 2015-2025 (USD Mn)
Fig. 15 Global 12 Lead ECG Devices Market, 2015-2025 (USD Mn)
Fig. 16 US ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 17 Canada ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 18 Mexico ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 19 Germany ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 20 UK ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 21 Russia ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 22 China ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 23 India ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 24 South Korea ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 25 Middle East and Africa ECG Equipment Market, 2015-2025 (USD Mn)
Fig. 26 Central and South America ECG Equipment Market, 2015-2025 (USD Mn)

List of Tables
Table 1 GLOBAL ECG EQUIPMENT MARKET BY GEOGRAPHY 2015-2025 ($ MILLION)
Table 2 Per Capita Health Expenditure Change, 2010 & 2014 (USD)
Table 3 Key Limitations of ECG Reimbursement Coverage
Table 4 Population Statistics in Key Asian Regions, July 2014
Table 5 Mortality Rate (Death per Thousand) in Major Asia-Pacific Countries, 2014
Table 6 Global ECG Equipment Market, by End User Application, 2015-2025 (USD Mn)
Table 7 Global ECG Equipment Market in Hospitals, by Geography, 2015-2025 (USD Mn)
Table 8 Global ECG Equipment Market in Ambulatory Care, by Geography, 2015-2025 (USD Mn)
Table 9 Global ECG Equipment Market, by Product, 2015-2025 (USD Mn)
Table 10 Global Resting ECG Systems Market, by Geography, 2015-2025 (USD Mn)
Table 11 Global Stress ECG Systems Market, by Geography, 2015-2025 (USD Mn)
Table 12 Global Holter Monitors Market, by Geography, 2015-2025 (USD Mn)
Table 13 Global ECG Equipment Market, by Lead Type, 2015-2025 (USD Mn)
Table 14 Global Single Lead ECG Devices Market, by Geography, 2015-2025 (USD Mn)
Table 15 Global 3.6 Lead ECG Equipment Market, by Geography, 2015-2025 (USD Mn)
Table 16 Global 12 Lead ECG Equipment Market, by Geography, 2015-2025 (USD Mn)
Table 17 Global ECG Equipment Market, by Geography, 2015-2025 (USD Mn)
Table 18 North America ECG Equipment Market, by Country, 2015-2025 (USD Mn)
Table 19 North America ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 20 US ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 21 Canada ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 22 Mexico ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 23 Europe ECG Equipment Market, by Country, 2015-2025 (USD Mn)
Table 24 Europe ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 25 Germany ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 26 UK ECG Equipment Market, by End-User, 2015-2025 (USD Mn)
Table 27 Russia ECG Equipment Market, by End-User, 2015-2025 (USD Mn)
Table 28 Asia Pacific ECG Equipment Market, by Country, 2015-2025 (USD Mn)
Table 29 Asia Pacific ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 30 China ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 31 India ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 32 South Korea ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 33 Middle East and Africa ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 34 Central and South America ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
Table 35 Brazil ECG Equipment Market, by End-Users, 2015-2025 (USD Mn)
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  • Beck-Lee
  • Bionet America, Inc.
  • Cardioline S.P.A.
  • Cardionet
  • GE Healthcare
  • Johnson & Johnson
  • Medtronic
  • Midmark Medical
  • Mortara Instruments
  • Mindray International
  • Nihon Kohden Corporation
  • Philips Healthcare
  • Schiller AG
  • Spacelabs Healthcare
  • Welch Allyn
Note: Product cover images may vary from those shown
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