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Global Electrocardiography Devices (ECG) Market 2019-2023 - Product Image

Global Electrocardiography Devices (ECG) Market 2019-2023

  • ID: 4808302
  • Report
  • July 2019
  • Region: Global
  • 137 pages
  • TechNavio
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FEATURED COMPANIES

  • General Electric Co.
  • Hill-Rom Holdings Inc.
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • SCHILLER AG.
  • MORE
Global Electrocardiography Devices (ECG) Market: About this market

An electrocardiograph (ECG) is a medical device used to process the electrical signals transmitted through two or more ECG electrodes and generate a visual display of the electrical signals produced by the heart. The electrocardiography devices (ECG) market analysis considers sales from resting ECG devices, stress ECG test devices, and ambulatory ECG monitoring devices. Our analysis also considers the sales of electrocardiography devices (ECG) in North America, Europe, Asia, and the ROW. In 2018, the resting ECG devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing focus on early diagnosis and disease prevention, the rising number of resting ECG procedures, and technological advances will play a significant role in the resting ECG devices segment to maintain its market position. Also, our global electrocardiography devices (ECG) market report also looks at factors such as the increasing prevalence of CVDs, increasing awareness about CVDs, and technological advances. However, high cost of EVG devices, increasing demand for refurbished ECG devices, lack of skilled clinicians with expertise in ECG may hamper the growth of the electrocardiography devices (ECG) industry over the forecast period.

Global Electrocardiography Devices (ECG) Market: Overview

Technological advances

Technological advances have helped in developing ECG devices with reduced size, and enhanced portability and that are easy to use. The new-generation ECG devices incorporate advanced algorithms, which provide high-fidelity data to support better clinical decisions. For example, the VERITAS technology offers high accuracy in real-time ST-segment monitoring, arrhythmia detection, and resting ECG interpretation. The latest ECG devices also incorporate various workflow improvement features, such as simplified step-by-step operation, touch-screen systems, and better connectivity with ECG management systems. Such advances will lead to the expansion of the global electrocardiography devices (ECG) market at a CAGR of over 6% during the forecast period.

Emergence of handheld, wireless, and remote monitoring ECG devices

Technological advances in sensors now allow recording of electrical impulses from the heart in the absence of conventional ECG machines. Several technologies are now wearable and can monitor and record cardiac impulses for weeks or even months. These devices are increasingly being adopted in out-of-hospital settings. such as in households and public places. HeartScan HCG-801 ECG Monitor, offered by Omron Healthcare, is a portable ECG recorder with finger and chest electrodes and a high-resolution screen that displays the HR, rhythm, and ECG waveform. It is cordless, and there is no need to wear electrodes. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of a few major players, the global electrocardiography devices (ECG) market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrocardiography devices (ECG) manufacturers, that include General Electric Co., Hill-Rom Holdings Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and SCHILLER AG.

Also, the electrocardiography devices (ECG) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • General Electric Co.
  • Hill-Rom Holdings Inc.
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • SCHILLER AG.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Resting ECG devices - Market size and forecast 2018-2023
  • Ambulatory ECG monitoring devices - Market size and forecast 2018-2023
  • Stress ECG test devices - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Increasing number of acquisition and strategic collaborations
  • Emergence of handheld, wireless, and remote monitoring ECG devices
  • Focus on emerging countries
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • General Electric Co.
  • Hill-Rom Holdings Inc.
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • SCHILLER AG
PART 14: APPENDIX
  • Research methodology9
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global medical devices market
Exhibit 02: Segments of global medical devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Product overview
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Product - Market share 2018-2023 (%)
Exhibit 19: Comparison by product
Exhibit 20: Resting ECG devices - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Resting ECG devices - Year-over-year growth 2019-2023 (%)
Exhibit 22: Ambulatory ECG monitoring devices - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Ambulatory ECG monitoring devices - Year-over-year growth 2019-2023 (%)
Exhibit 24: Stress ECG test devices - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Stress ECG test devices - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by product
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 34: Asia - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Asia - Year-over-year growth 2019-2023 (%)
Exhibit 36: ROW - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: ROW - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: General Electric Co. - Vendor overview
Exhibit 47: General Electric Co. - Business segments
Exhibit 48: General Electric Co. - Organizational developments
Exhibit 49: General Electric Co. - Geographic focus
Exhibit 50: General Electric Co. - Segment focus
Exhibit 51: General Electric Co. - Key offerings
Exhibit 52: Hill-Rom Holdings Inc. - Vendor overview
Exhibit 53: Hill-Rom Holdings Inc. - Business segments
Exhibit 54: Hill-Rom Holdings Inc. - Organizational developments
Exhibit 55: Hill-Rom Holdings Inc. - Geographic focus
Exhibit 56: Hill-Rom Holdings Inc. - Segment focus
Exhibit 57: Hill-Rom Holdings Inc. - Key offerings
Exhibit 58: Koninklijke Philips NV - Vendor overview
Exhibit 59: Koninklijke Philips NV - Business segments
Exhibit 60: Koninklijke Philips NV - Organizational developments
Exhibit 61: Koninklijke Philips NV - Geographic focus
Exhibit 62: Koninklijke Philips NV - Segment focus
Exhibit 63: Koninklijke Philips NV - Key offerings
Exhibit 64: Nihon Kohden Corp. - Vendor overview
Exhibit 65: Nihon Kohden Corp. - Product segments
Exhibit 66: Nihon Kohden Corp. - Organizational developments
Exhibit 67: Nihon Kohden Corp. - Geographic focus
Exhibit 68: Nihon Kohden Corp. - Segment focus
Exhibit 69: Nihon Kohden Corp. - Key offerings
Exhibit 70: OSI Systems Inc. - Vendor overview
Exhibit 71: OSI Systems Inc. - Business segments
Exhibit 72: OSI Systems Inc. - Organizational developments
Exhibit 73: OSI Systems Inc. - Geographic focus
Exhibit 74: OSI Systems Inc. - Segment focus
Exhibit 75: OSI Systems Inc. - Key offerings
Exhibit 76: SCHILLER AG - Vendor overview
Exhibit 77: SCHILLER AG - Product segments
Exhibit 78: SCHILLER AG - Organizational developments
Exhibit 79: SCHILLER AG - Key offerings
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • General Electric Co.
  • Hill-Rom Holdings Inc.
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • SCHILLER AG.
  • MORE
The following companies are recognised as the key players in the global electrocardiography devices (ECG) market: General Electric Co., Hill-Rom Holdings Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and SCHILLER AG.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the emergence of handheld, wireless, and remote monitoring ECG devices.”

According to the report, one of the major drivers for this market is the technological advances.

Further, the report states that one of the major factors hindering the growth of this market is the lack of skilled clinicians with expertise in ECG.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • General Electric Co.
  • Hill-Rom Holdings Inc.
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • SCHILLER AG.
Note: Product cover images may vary from those shown
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