Global ECG Equipment Market 2021-2028

The publisher in its report on the global ECG equipment market, estimates the industry to grow with a CAGR of 5.64% in the forecast years from 2021 to 2028.

The implementation of supportive laws & regulations to accommodate better research & development in the area of ECG equipment, along with the rising demand for ECG data management solutions, and the high prevalence of cardiovascular diseases among the population, is driving the growth of the market.

On the other hand, the intense competition among the vendors operating in this market is restraining this growth. Further, low reimbursement rates for cardiovascular diseases and a large number of product recalls are further hampering the development of the ECG equipment market. However, the usage of monitoring devices owing to the rising geriatric population and the advancements in imaging modalities are creating lucrative growth opportunities in the market.

REGIONAL OUTLOOK

The global market for ECG equipment covers the regions of North America, Europe, Latin America, the Middle East and Africa, and the Asia-Pacific.

The market in the Asia-Pacific is expected to depict the fast growth rate in the world in the forecasting years. Technological developments, such as remote monitoring, increased healthcare spending, and support from regulatory authorities are anticipated to foster the growth of the market in this region. Also, the region is home to some of the fastest-developing economies in the world, which also majorly favors the growth of the APAC ECG equipment market.

COMPETITIVE OUTLOOK

GE Healthcare, Mindray Medical International Limited, BioTelemetry Inc, Philips Healthcare, Fukuda Denshi Co Ltd, Schiller AG, Zoll Medical Corporation (acquired by Asahi Kasei), Bionet Co Ltd, Siemens Healthineers AG, Hill Rom Holdings Inc, Spacelabs Healthcare (subsidiary of OSI Systems Inc), CompuMed Inc, Medibiosense Ltd, McKesson Corporation, and Nihon Kohden Corporation are some of the established names operating in the ECG equipment market.

Mindray Medical International Limited develops, manufactures, and markets medical devices, such as in-vitro diagnostics products, patient monitoring & life support systems, and medical imaging systems. The company classifies its business under four product lines: In-Vitro Diagnostics; Patient Monitoring and Life Support; Medical Imaging Systems; and Veterinary.

It sells its products through different distribution channels in different geographies. Founded in 1991, Mindray operates in Europe, Latin America, North America, and Asia. The company has a significant distribution and sales network. It also boasts of strong research and development capabilities, investing approximately 10% of its annual revenue in R&D.

Frequently Asked Questions about the Global ECG Equipment Market

What is the estimated value of the Global ECG Equipment Market?

The Global ECG Equipment Market was estimated to be valued at $6062.3 Million in 2021.

What is the growth rate of the Global ECG Equipment Market?

The growth rate of the Global ECG Equipment Market is 5.6%, with an estimated value of $8900.9 Million by 2028.

What is the forecasted size of the Global ECG Equipment Market?

The Global ECG Equipment Market is estimated to be worth $8900.9 Million by 2028.

Who are the key companies in the Global ECG Equipment Market?

Key companies in the Global ECG Equipment Market include Bionet Co Ltd, Biotelemetry Inc, Compumed Inc, Fukuda Denshi Co Ltd, GE Healthcare, Hill Rom Holdings Inc, Mckesson Corporation, Medibiosense Ltd, Mindray Medical International Limited and Nihon Kohden Corporation.

Report Attribute	Details
No. of Pages	183
Published	September 2021
Forecast Period	2021 - 2028
Estimated Market Value ( USD ) in 2021	$ 6062.3 Million
Forecasted Market Value ( USD ) by 2028	$ 8900.9 Million
Compound Annual Growth Rate	5.6%
Regions Covered	Global

1. Global ECG Equipment Market - Summary

2. Industry Outlook

2.1. Impact of COVID-19 on the ECG Equipment Market
2.2. Key Insights
2.3. Porter's Five Forces Model
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute Products
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Competitive Rivalry
2.4. Key Impact Analysis
2.5. Legal, Policy & Regulatory Framework
2.6. Industry Components
2.7. Market Attractiveness Index
2.8. Vendor Scorecard
2.9. Key Market Strategies
2.9.1. Contracts and Partnerships
2.9.2. Business Expansions, Announcements & Divestitures
2.9.3. Acquisitions & Mergers
2.9.4. New Product Launches & Developments
2.10. Market Drivers
2.10.1. Supportive Laws and Regulations to Accommodate Better Research and Development of ECG Equipment Products
2.10.2. Growing Demand for ECG Data Management Solutions
2.10.3. Prevalence of Cardiovascular Diseases Impacting the ECG Market
2.11. Market Challenges
2.11.1. Intense Competition Among the Vendors in the ECG Devices Market
2.11.2. Low Reimbursement Rate for Cardiovascular Diseases (Cvd) Acting as a Restraint to the ECG Market
2.11.3. Product Recalls
2.12. Market Opportunities
2.12.1. Usage of Monitoring Devices Due to Increased Geriatric Population
2.12.2. Advancements in Imaging Modalities

3. Global ECG Equipment Market - by System

3.1. Portable ECG System
3.2. Stationary ECG System

4. Global ECG Equipment Market - by Product

4.1. Diagnostic ECG System
4.1.1. Rest ECG System
4.1.2. Stress ECG System
4.1.3. Holter ECG System
4.2. Monitoring ECG System
4.2.1. Event Monitoring
4.2.2. Continuous Monitoring
4.2.3. Remote Monitoring

5. Global ECG Equipment Market - by Lead Type

5.1. Single Lead
5.2. 3-6 Lead
5.3. 12-Lead

6. Global ECG Equipment Market - by Industry Verticals

6.1. Hospital
6.2. Home/Ambulatory Care
6.3. Other Industry Verticals

7. Global ECG Equipment Market - Regional Outlook

7.1. North America
7.1.1. Market by System
7.1.2. Market by Product
7.1.2.1. Diagnostic ECG System Market by Type
7.1.2.2. Monitoring ECG System Market by Type
7.1.3. Market by Lead Type
7.1.4. Market by Industry Verticals
7.1.5. Country Analysis
7.1.5.1. The United States
7.1.5.2. Canada
7.2. Europe
7.2.1. Market by System
7.2.2. Market by Product
7.2.2.1. Diagnostic ECG System Market by Type
7.2.2.2. Monitoring ECG System Market by Type
7.2.3. Market by Lead Type
7.2.4. Market by Industry Verticals
7.2.5. Country Analysis
7.2.5.1. Germany
7.2.5.2. France
7.2.5.3. United Kingdom
7.2.5.4. Italy
7.2.5.5. Russia
7.2.5.6. Spain
7.2.5.7. Rest of Europe
7.3. Asia-Pacific
7.3.1. Market by System
7.3.2. Market by Product
7.3.2.1. Diagnostic ECG System Market by Type
7.3.2.2. Monitoring ECG System Market by Type
7.3.3. Market by Lead Type
7.3.4. Market by Industry Verticals
7.3.5. Country Analysis
7.3.5.1. China
7.3.5.2. Japan
7.3.5.3. India
7.3.5.4. Australia & New Zealand
7.3.5.5. South Korea
7.3.5.6. Asean Countries
7.3.5.7. Rest of Asia-Pacific
7.4. Latin America
7.4.1. Market by System
7.4.2. Market by Product
7.4.2.1. Diagnostic ECG System Market by Type
7.4.2.2. Monitoring ECG System Market by Type
7.4.3. Market by Lead Type
7.4.4. Market by Industry Verticals
7.4.5. Country Analysis
7.4.5.1. Brazil
7.4.5.2. Mexico
7.4.5.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Market by System
7.5.2. Market by Product
7.5.2.1. Diagnostic ECG System Market by Type
7.5.2.2. Monitoring ECG System Market by Type
7.5.3. Market by Lead Type
7.5.4. Market by Industry Verticals
7.5.5. Country Analysis
7.5.5.1. Saudi Arabia
7.5.5.2. United Arab Emirates
7.5.5.3. Turkey
7.5.5.4. South Africa
7.5.5.5. Rest of Middle East & Africa

8. Company Profiles

8.1. Bionet Co Ltd
8.2. Biotelemetry Inc
8.3. Compumed Inc
8.4. Fukuda Denshi Co Ltd
8.5. GE Healthcare
8.6. Hill Rom Holdings Inc
8.7. Mckesson Corporation
8.8. Medibiosense Ltd
8.9. Mindray Medical International Limited
8.10. Nihon Kohden Corporation
8.11. Philips Healthcare
8.12. Schiller AG
8.13. Siemens Healthineers AG
8.14. Spacelabs Healthcare (Subsidiary of Osi Systems Inc)
8.15. Zoll Medical Corporation (Acquired by Asahi Kasei)

9. Research Methodology & Scope

9.1. Research Scope & Deliverables
9.1.1. Objectives of Study
9.1.2. Scope of Study
9.2. Sources of Data
9.2.1. Primary Data Sources
9.2.2. Secondary Data Sources
9.3. Research Methodology
9.3.1. Evaluation of Proposed Market
9.3.2. Identification of Data Sources
9.3.3. Assessment of Market Determinants
9.3.4. Data Collection
9.3.5. Data Validation & Analysis

List of Tables

Table 1: Global ECG Equipment Market, Regional Outlook, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Contracts and Partnerships
Table 4: Business Expansions, Announcements & Divestitures
Table 5: Acquisitions & Mergers
Table 6: New Product Launches & Developments
Table 7: Types of Cardiovascular Diseases
Table 8: Global ECG Equipment Market, by System, 2021-2028 (In $ Million)
Table 9: Global ECG Equipment Market, by Product, 2021-2028 (In $ Million)
Table 10: Global Diagnostic ECG System Market, by Type, 2021-2028 (In $ Million)
Table 11: Global Monitoring ECG System Market, by Type, 2021-2028 (In $ Million)
Table 12: Global ECG Equipment Market, by Lead Type, 2021-2028 (In $ Million)
Table 13: Description of Various Single Lead Products
Table 14: Description of Various 3-6 Lead Products
Table 15: Description of Various 12 Lead Products
Table 16: Global ECG Equipment Market, by Industry Verticals, 2021-2028 (In $ Million)
Table 17: Global ECG Equipment Market, Regional Outlook, 2021-2028 (In $ Million)
Table 18: North America ECG Equipment Market, Country Outlook, 2021-2028 (In $ Million)
Table 19: North America ECG Equipment Market, by System, 2021-2028 (In $ Million)
Table 20: North America ECG Equipment Market, by Product, 2021-2028 (In $ Million)
Table 21: North America Diagnostic ECG System Market, by Type, 2021-2028 (In $ Million)
Table 22: North America Monitoring ECG System Market, by Type, 2021-2028 (In $ Million)
Table 23: North America ECG Equipment Market, by Lead Type, 2021-2028 (In $ Million)
Table 24: North America ECG Equipment Market, by Industry Verticals, 2021-2028 (In $ Million)
Table 25: Europe ECG Equipment Market, Country Outlook, 2021-2028 (In $ Million)
Table 26: Europe ECG Equipment Market, by System, 2021-2028 (In $ Million)
Table 27: Europe ECG Equipment Market, by Product, 2021-2028 (In $ Million)
Table 28: Europe Diagnostic ECG System Market, by Type, 2021-2028 (In $ Million)
Table 29: Europe Monitoring ECG System Market, by Type, 2021-2028 (In $ Million)
Table 30: Europe ECG Equipment Market, by Lead Type, 2021-2028 (In $ Million)
Table 31: Europe ECG Equipment Market, by Industry Verticals, 2021-2028 (In $ Million)
Table 32: Asia-Pacific ECG Equipment Market, Country Outlook, 2021-2028 (In $ Million)
Table 33: Asia-Pacific ECG Equipment Market, by System, 2021-2028 (In $ Million)
Table 34: Asia-Pacific ECG Equipment Market, by Product, 2021-2028 (In $ Million)
Table 35: Asia-Pacific Diagnostic ECG System Market, by Type, 2021-2028 (In $ Million)
Table 36: Asia-Pacific Monitoring ECG System Market, by Type, 2021-2028 (In $ Million)
Table 37: Asia-Pacific ECG Equipment Market, by Lead Type, 2021-2028 (In $ Million)
Table 38: Asia-Pacific ECG Equipment Market, by Industry Verticals, 2021-2028 (In $ Million)
Table 39: Latin America ECG Equipment Market, Country Outlook, 2021-2028 (In $ Million)
Table 40: Latin America ECG Equipment Market, by System, 2021-2028 (In $ Million)
Table 41: Latin America ECG Equipment Market, by Product, 2021-2028 (In $ Million)
Table 42: Latin America Diagnostic ECG System Market, by Type, 2021-2028 (In $ Million)
Table 43: Latin America Monitoring ECG System Market, by Type, 2021-2028 (In $ Million)
Table 44: Latin America ECG Equipment Market, by Lead Type, 2021-2028 (In $ Million)
Table 45: Latin America ECG Equipment Market, by Industry Verticals, 2021-2028 (In $ Million)
Table 46: Middle East and Africa ECG Equipment Market, Country Outlook, 2021-2028 (In $ Million)
Table 47: Middle East and Africa ECG Equipment Market, by System, 2021-2028 (In $ Million)
Table 48: Middle East and Africa ECG Equipment Market, by Product, 2021-2028 (In $ Million)
Table 49: Middle East and Africa Diagnostic ECG System Market, by Type, 2021-2028 (In $ Million)
Table 50: Middle East and Africa Monitoring ECG System Market, by Type, 2021-2028 (In $ Million)
Table 51: Middle East and Africa ECG Equipment Market, by Lead Type, 2021-2028 (In $ Million)
Table 52: Middle East and Africa ECG Equipment Market, by Industry Verticals, 2021-2028 (In $ Million)

List of Figures

Figure 1: Global ECG Equipment Market 2021-2028 (In $ Million)
Figure 2: Key Facts of Cardiovascular Diseases
Figure 3: Global ECG Equipment Market, by System, 2020 & 2028 (In %)
Figure 4: Global ECG Equipment Market, by Portable ECG System, 2021-2028 (In $ Million)
Figure 5: Global ECG Equipment Market, by Stationary ECG System, 2021-2028 (In $ Million)
Figure 6: Global ECG Equipment Market, by Product, 2020 & 2028 (In %)
Figure 7: Global ECG Equipment Market, by Diagnostic ECG System, 2021-2028 (In $ Million)
Figure 8: Global Diagnostic ECG System Market, by Rest ECG System, 2021-2028 (In $ Million)
Figure 9: Global Diagnostic ECG System Market, by Stress ECG System, 2021-2028 (In $ Million)
Figure 10: Global Diagnostic ECG System Market, by Holter ECG System, 2021-2028 (In $ Million)
Figure 11: Global ECG Equipment Market, by Monitoring ECG System, 2021-2028 (In $ Million)
Figure 12: Global Monitoring ECG System Market, by Event Monitoring, 2021-2028 (In $ Million)
Figure 13: Global Monitoring ECG System Market, by Continuous Monitoring, 2021-2028 (In $ Million)
Figure 14: Global Monitoring ECG System Market, by Remote Monitoring, 2021-2028 (In $ Million)
Figure 15: Global ECG Equipment Market, by Lead Type, 2020 & 2028 (In %)
Figure 16: Global ECG Equipment Market, by Single Lead, 2021-2028 (In $ Million)
Figure 17: Global ECG Equipment Market, by 3-6 Lead, 2021-2028 (In $ Million)
Figure 18: Global ECG Equipment Market, by 12-Lead, 2021-2028 (In $ Million)
Figure 19: Global ECG Equipment Market, by Industry Verticals, 2020 & 2028 (In %)
Figure 20: Global ECG Equipment Market, by Hospital, 2021-2028 (In $ Million)
Figure 21: Global ECG Equipment Market, by Home/Ambulatory Care, 2021-2028 (In $ Million)
Figure 22: Global ECG Equipment Market, by Other Industry Verticals, 2021-2028 (In $ Million)
Figure 23: the United States ECG Equipment Market 2021-2028 (In $ Million)
Figure 24: Canada ECG Equipment Market 2021-2028 (In $ Million)
Figure 25: Germany ECG Equipment Market 2021-2028 (In $ Million)
Figure 26: France ECG Equipment Market 2021-2028 (In $ Million)
Figure 27: United Kingdom ECG Equipment Market 2021-2028 (In $ Million)
Figure 28: Italy ECG Equipment Market 2021-2028 (In $ Million)
Figure 29: Russia ECG Equipment Market 2021-2028 (In $ Million)
Figure 30: Spain ECG Equipment Market 2021-2028 (In $ Million)
Figure 31: Rest of Europe ECG Equipment Market 2021-2028 (In $ Million)
Figure 32: China ECG Equipment Market 2021-2028 (In $ Million)
Figure 33: Japan ECG Equipment Market 2021-2028 (In $ Million)
Figure 34: India ECG Equipment Market 2021-2028 (In $ Million)
Figure 35: Australia & New Zealand ECG Equipment Market 2021-2028 (In $ Million)
Figure 36: South Korea ECG Equipment Market 2021-2028 (In $ Million)
Figure 37: Asean Countries ECG Equipment Market 2021-2028 (In $ Million)
Figure 38: Rest of Asia-Pacific ECG Equipment Market 2021-2028 (In $ Million)
Figure 39: Brazil ECG Equipment Market 2021-2028 ($ Million)
Figure 40: Mexico ECG Equipment Market 2021-2028 ($ Million)
Figure 41: Rest of Latin America ECG Equipment Market 2021-2028 ($ Million)
Figure 42: Saudi Arabia ECG Equipment Market 2021-2028 (In $ Million)
Figure 43: United Arab Emirates ECG Equipment Market 2021-2028 (In $ Million)
Figure 44: Turkey ECG Equipment Market 2021-2028 (In $ Million)
Figure 45: South Africa ECG Equipment Market 2021-2028 (In $ Million)
Figure 46: Rest of Middle East & Africa ECG Equipment Market 2021-2028 (In $ Million)