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ECG Equipment and Management Systems Market Size, Share & Trends Analysis Report By Type (Holter, Stress, Resting ECG), By End Use (Hospitals & Clinics, Ambulatory Facilities), And Segment Forecasts, 2019 - 2025

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    Report

  • 120 Pages
  • February 2019
  • Region: Global
  • Grand View Research
  • ID: 4808540

Industry Insights

The global ECG equipment and management systems market size was valued at USD 5.12 billion in 2018 and is estimated to expand at a CAGR of around 6.0% over the forecast period. The global rise in geriatric population coupled with the prevalence of cardiac problems, such as heart arrhythmia, ischemic heart disease, heart attack, and heart rhythm disorders is anticipated to drive the growth.

Furthermore, favorable regulatory policies, technological advancements in the field, and increasing investment by key players for early detection of cardiovascular diseases are likely to drive the market. For instance, in 2014, GE Healthcare introduced a newer version of Muse ECG management system that allows interoperability with non-GE ECG systems. This new version improved asset management and care collaboration.

According to the American Heart Association (AHA), cardiovascular disease is a leading cause of death taking a toll of 17.3 million deaths per year. This number is expected to grow to more than 23.6 million by 2030. Rising awareness regarding early diagnosis is expected to propel the demand for these devices over the forecast period.

Technological advancements, government initiatives, geographical expansions, and commercialization of new products, are likely to boost the market in the forthcoming years. For instance, the National Health Service (NHS) England took the initiative to provide national reimbursement to the people across England using AliveCor device for treating conditions such as heart disease and diabetes.

Type Insights

Resting ECG led the ECG equipment and management system market in 2018 due to better exchange of information through Cardiovascular Information Systems (CVIS) and Electronic Health Record (EHRs) that simplify workflow and reduce the complexity associated with custom integration. It is anticipated to continue its dominance over the forecast period. In August 2017, HeartSciences launched MyoVista ECG, which combines informatics with traditional 12-lead resting ECG tracings and has ECG interpretive analysis.

ECG management system is expected to expand at a rapid CAGR in the forthcoming years. Introduction of new products is one of the high impacts of rendering drivers. For instance, in 2017, Bittium launched new software in Spain that analyzes cardiac events based on long-term Holter and ECG measurements. This helps in an in-depth analysis of long-term recordings as well as in the detection of cardiac arrhythmias.

In 2014, Medtronic launched the SEEQ MCT System in U.S., which is used to detect and diagnose irregular heartbeats in patients. The launch was facilitated by the acquisition of U.S. based Corventis by Medtronic.

End-Use Insights

Hospitals and clinics, ambulatory facilities, and others are the key end-use segments of the market. In 2018, hospitals accounted for the largest market share as the majority of patients rely more on hospitals than other healthcare facilities due to the availability of well-equipped devices and the latest monitoring software.

Hospitals provide optimal care for patients suffering from Cardiovascular Diseases and enable early detection and diagnosis, thus witnessing impressive growth. According to the American Heart Association, 209,000 patients suffered from in-hospital cardiac arrest in the U.S in 2016 and this number is expected to rise to more than 23.6 million by 2030.

Regional Insights

North America led with around 38.0% of the total market share in 2017, attributed to high adoption of new technology, availability of several commercialized products, and local presence of major players.
The Asia Pacific is expected to be the fastest-growing region during the forecast period from 2019 to 2025, owing to commercialization of equipment in Japan and China, growing demand from other emerging countries such as India, and increasing healthcare expenditure.

In 2016, Bioclinica entered into a strategic partnership with SUZUKEN CO., LTD. to supply ECG monitoring equipment in Japan. Bioclinica also made investments in Japan and China and established local scientific and medical expertise to develop cardiac safety solutions and imaging core lab services for clinical trials.

Germany, the U.K., and France are vital markets in Europe. Germany led in the past, attributed to the introduction of advanced products and funding from investors. Rising healthcare infrastructure, the presence of local and major players, and increasing healthcare expenditure are the key factors driving the regional market.

ECG Equipment and Management Systems Market Share Insights

The entry of various players in the market is expected to increase the competition. Some of the major players include Compumed Inc.; BioTelemetry, Inc.; GE Healthcare; Mindray Medical; Hill Rom; Philips Healthcare; Schiller AG; Spacelabs Healthcare; NIHON KOHDEN CORPORATION; and Welch Allyn. To remain competitive, the companies engage in the development of innovative products along with geographical expansion specifically in the developing economies.

For instance, in 2017, Personal MedSystems raised USD 5.36 million for innovations in the company’s technology and sales growth of CardioSecur, a smartphone-connected ECG device. In 2015, AliveCor, Inc. introduced the third-generation AliveCor Heart Monitor in U.K. and Ireland which records, stores, transfers, and displays single-channel ECG rhythms and helps detect atrial fibrillation and normal sinus rhythm.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, the analyst has segmented the global ECG equipment and management systems market report based on type, end-use, and region:

Type Outlook (Revenue, USD Million, 2014 - 2025)


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

End-Use Outlook (Revenue, USD Million, 2014 - 2025)


  • Hospitals & Clinics
  • Ambulatory Facilities
  • Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)


  • North America
    • U.S.
    • Canada

  • Europe
    • U.K.
    • Germany

  • Asia Pacific
    • China
    • Japan

  • Latin America
    • Brazil
    • Mexico

  • MEA
    • South Africa

Key questions answered by the report


  • What was the market size from 2014 to 2016?
  • What will be market growth till 2025 and what will be the resultant market forecast in the year? How will the market drivers, restraints and future opportunities affect the market dynamics and subsequent analysis of the associated trends?
  • What segment or region will drive or lead the market growth and why?
  • A comprehensive mapping of the competitive landscape and the market participants' behavior.
  • What are the key sustainability strategies adopted by market players? In-depth analysis of these strategies and their impact on competition and growth

 




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Table of Contents

Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Data Analysis

Chapter 2 Executive Summary
2.1 Market Snapshot

Chapter 3 Global Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Rising geriatric population
3.2.2 Technological advancements to favor continuous monitoring
3.3 Market Restraint Analysis
3.3.1 Lack of reimbursement policies
3.3.2 False-negative and false-positive results
3.4 Penetration & Growth Prospect Mapping
3.5 ECG Equipment and Management System - SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
3.6 Industry Analysis - Porter’s
3.7 ECG Equipment and Management System Competitive Landscape: Market Position Analysis (Based on Products, Regional Presence, and Recent Updates
3.8 ECG Management Systems Market: Trends and Technological Advancements in Healthcare

Chapter 4 ECG Equipment and Management Systems Market: Type Estimates & Trend Analysis
4.1 ECG Equipment and Management Systems Market: Type Analysis
4.2 Holter Monitoring Systems
4.2.1 Industry Trends
4.2.2 Holter monitoring systems: Product list
4.2.3 Holter monitoring systems market, 2014 - 2025 (USD Million)
4.3 Resting ECG System
4.3.1 Industry Trends
4.3.2 Resting ECG system: Product list
4.3.3 Resting ECG system market, 2014 - 2025 (USD Million)
4.4 Stress ECG Monitors
4.4.1 Industry Trends
4.4.2 Stress ECG monitors: Product list
4.4.3 Stress ECG monitors market, 2014 - 2025 (USD Million)
4.5 Event Monitoring Systems
4.5.1 Industry Trends
4.5.2 Event monitoring systems: Product list
4.5.3 Event monitoring systems market, 2014 - 2025 (USD Million)
4.6 ECG Management System
4.6.1 ECG management systems market, 2014 - 2025 (USD Million)

Chapter 5 ECG Equipment and Management Systems Market: Recent Updates
Chapter 6 ECG Equipment and Management Systems Market:
End-Use
Estimates & Trend Analysis
6.1 ECG Equipment and Management Systems: End Use Analysis
6.2 Hospitals & Clinics
6.2.1 Hospitals & clinics market, 2014 - 2025 (USD Million)
6.3 Ambulatory Facilities
6.3.1 Ambulatory facilities market, 2014 - 2025 (USD Million)
6.4 Others
6.4.1 Others market, 2014 - 2025 (USD Million)

Chapter 7 ECG Equipment and Management Systems Market: Regional Estimates & Trend Analysis
7.1 ECG Equipment and Management System Market: Regional Movement analysis
7.2 North America
7.2.1 North America ECG equipment and management system market, 2014 - 2025 (USD Million)
7.2.2 U.S.
7.2.2.1 U.S. ECG equipment and management system market, 2014 - 2025 (USD Million)
7.2.3 Canada
7.2.3.1 Canada ECG equipment and management system market, 2014 - 2025 (USD Million)
7.3 Europe
7.3.1 Europe ECG equipment and management system market, 2014 - 2025 (USD Million)
7.3.2 U.K.
7.3.2.1 U.K. ECG equipment and management system market, 2014 - 2025 (USD Million)
7.3.3 Germany
7.3.3.1 Germany ECG equipment and management system market, 2014 - 2025 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific ECG equipment and management system market, 2014 - 2025 (USD Million)
7.4.2 Japan
7.4.2.1 Japan ECG equipment and management system market, 2014 - 2025 (USD Million)
7.4.3 China
7.4.3.1 China ECG equipment and management system market, 2014 - 2025 (USD Million)
7.5 Latin America
7.5.1 Latin America ECG equipment and management system market, 2014 - 2025 (USD Million)
7.5.2 Brazil
7.5.2.1 Brazil ECG equipment and management system market, 2014 - 2025 (USD Million)
7.5.3 Mexico
7.5.3.1 Mexico ECG equipment and management system market, 2014 - 2025 (USD Million)
7.6 Middle East and Africa (MEA)
7.6.1 MEA ECG equipment and management system market, 2014 - 2025 (USD Million)
7.6.2 South Africa
7.6.2.1 South Africa ECG equipment and management system market, 2014 - 2025 (USD Million)

Chapter 8 Competitive Landscape
8.1 Strategy Framework
8.1.1 Product approval
8.1.2 Mergers and acquisitions
8.1.3 Partnership
8.1.4 Research initiatives
8.2 Company Profiles
8.2.1 BioTelemetry, Inc.
8.2.1.1 Company overview
8.2.1.2 Financial performance
8.2.1.3 Product benchmarking
8.2.1.4 Strategic initiatives
8.2.2 CompuMed, Inc.
8.2.2.1 Company overview
8.2.2.2 Financial performance
8.2.2.3 Product benchmarking
8.2.3 GE Healthcare
8.2.3.1 Company overview
8.2.3.2 Financial performance
8.2.3.3 Product benchmarking
8.2.3.4 Strategic initiatives
8.2.4 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
8.2.4.1 Company overview
8.2.4.2 Product benchmarking
8.2.4.3 Strategic initiatives
8.2.5 Hill-Rom
8.2.5.1 Company overview
8.2.5.2 Financial performance
8.2.5.3 Product benchmarking
8.2.5.4 Strategic initiatives
8.2.6 NIHON KOHDEN CORPORATION
8.2.6.1 Company overview
8.2.6.2 Financial performance
8.2.6.3 Product benchmarking
8.2.6.4 Strategic initiatives
8.2.7 Koninklijke Philips N.V.
8.2.7.1 Company overview
8.2.7.2 Financial performance
8.2.7.3 Product benchmarking
8.2.7.4 Strategic initiatives
8.2.8 Schiller
8.2.8.1 Company overview
8.2.8.2 Product benchmarking
8.2.8.3 Strategic initiatives
8.2.9 Spacelabs Healthcare (Subsidiary of OSI Systems, Inc.)
8.2.9.1 Company overview
8.2.9.2 Financial performance
8.2.9.3 Product benchmarking
8.2.9.4 Strategic initiatives
8.2.10 Welch Allyn (Subsidiary of Hill-Rom Services, Inc.)
8.2.10.1 Company overview
8.2.10.2 Product benchmarking
8.2.10.3 Strategic initiatives
8.2.11 CardioComm Solutions, Inc.
8.2.11.1 Company overview
8.2.11.2 Product benchmarking
8.2.11.3 Strategic initiatives
8.2.12 McKesson Corporation
8.2.12.1 Company overview
8.2.12.2 Financial performance
8.2.12.3 Product benchmarking
8.2.12.4 Strategic initiatives
8.2.13 Meditech Equipment Co., Ltd.
8.2.13.1 Company overview
8.2.13.2 Product benchmarking
8.2.14 Device Technologies
8.2.14.1 Company overview
8.2.15 Drägerwerk AG & Co. KGaA
8.2.15.1 Company overview
8.2.15.2 Financial performance
8.2.15.3 Product benchmarking
8.2.16 ZOLL Medical Corporation
8.2.16.1 Company overview
8.2.16.2 Product benchmarking
8.2.17 medical ECONET
8.2.17.1 Company overview
8.2.17.2 Product benchmarking
List of Tables
Table 1 Incidence of cardiovascular diseases in older Americans
Table 2 North America ECG equipment and management system market, by country, 2014 - 2025 (USD Million)
Table 3 North America ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 4 North America ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 5 U.S. ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 6 U.S. ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 7 Canada ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 8 Canada ECG equipment and management system market, by end-use, 2014 - 2025 (USD Millon)
Table 9 Europe ECG equipment and management system market, by country, 2014 - 2025 (USD Million)
Table 10 Europe ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 11 Europe ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 12 U.K. ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 13 U.K. ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 14 Germany ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 15 Germany ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 16 Asia Pacific ECG equipment and management system market, by country, 2014 - 2025 (USD Million)
Table 17 Asia Pacific ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 18 Asia Pacific ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 19 Japan ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 20 Japan ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 21 China ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 22 China ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 23 Latin America ECG equipment and management system market, by country, 2014 - 2025 (USD Million)
Table 24 Latin America ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 25 Latin America ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 26 Brazil ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 27 Brazil ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 28 Mexico ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 29 Mexico ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 30 Middle East & Africa ECG equipment and management system market, by country, 2014 - 2025 (USD Million)
Table 31 Middle East & Africa ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 32 Middle East & Africa ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
Table 33 South Africa ECG equipment and management system market, by type, 2014 - 2025 (USD Million)
Table 34 South Africa ECG equipment and management system market, by end-use, 2014 - 2025 (USD Million)
List of Figures
FIG. 1 Market research process
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain based sizing & forecasting
FIG. 6 QFD modeling for market share assessment
FIG. 7 Market summary 2018 (USD Million)
FIG. 8 Market trends & outlook
FIG. 9 Market segmentation & scope
FIG. 10 Market driver relevance analysis (Current & future impact)
FIG. 11 Global geriatric population, 2015 - 2030 (Million)
FIG. 12 Market restraint relevance analysis (Current & future impact)
FIG. 13 Penetration & growth prospect mapping
FIG. 14 SWOT analysis, by factor (political & legal, economic and technological)
FIG. 15 Porter’s Five Forces Analysis
FIG. 16 ECG equipment and management system competitive landscape: Market position analysis (based on products, regional presence)
FIG. 17 ECG equipment and management systems market, type outlook: Key takeaways
FIG. 18 ECG equipment and management systems: Type movement analysis
FIG. 19 Holter monitoring systems market, 2014 - 2025 (USD Million)
FIG. 20 Resting ECG system market, 2014 - 2025 (USD Million)
FIG. 21 Stress ECG monitors market, 2014 - 2025 (USD Million)
FIG. 22 Event monitoring systems market, 2014 - 2025 (USD Million)
FIG. 23 ECG management systems market, 2014 - 2025 (USD Million)
FIG. 24 ECG equipment and management system market, End-use outlook, key takeaways
FIG. 25 ECG equipment and management systems: End-use movement analysis
FIG. 26 Hospitals & clinics market, 2014 - 2025 (USD Million)
FIG. 27 Ambulatory facilities market, 2014 - 2025 (USD Million)
FIG. 28 Others market, 2014 - 2025 (USD Million)
FIG. 29 Regional market place: Key takeaways
FIG. 30 ECG equipment and management system market: Regional movement analysis
FIG. 31 North America ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 32 The U.S. ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 33 Canada ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 34 Europe ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 35 U.K. ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 36 Germany ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 37 Asia Pacific ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 38 Japan ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 39 China ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 40 Latin America ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 41 Brazil ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 42 Mexico ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 43 MEA ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 44 South Africa ECG equipment and management system market, 2014 - 2025 (USD Million)
FIG. 45 Strategy framework

Companies Mentioned

  • BioTelemetry, Inc.
  • CardioComm Solutions, Inc.
  • CompuMed, Inc.
  • Device Technologies
  • Drägerwerk AG & Co. KGaA
  • GE Healthcare
  • Hill-Rom
  • Koninklijke Philips N.V.
  • McKesson Corporation
  • medical ECONET
  • Meditech Equipment Co., Ltd.
  • NIHON KOHDEN CORPORATION
  • Schiller
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Spacelabs Healthcare (Subsidiary of OSI Systems, Inc.)
  • Welch Allyn (Subsidiary of Hill-Rom Services, Inc.)
  • ZOLL Medical Corporation

Methodology

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