June 21, 2022
As per the research report titled ‘Global ECG Devices Market 2022-2028’, available with MarketStudyReport, global ECG devices market is expected to attain a valuation of USD 8,136 million by forecast period end, registering a CAGR of 5.1% through 2028.
Increasing incidence of cardiovascular diseases, rising proportion of aging population, and numerous technological & medical interventions are the prime factors contributing to the expansion of global ECG devices industry.
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Moreover, emergence of wireless monitoring and wearable devices, along with advancements in ECG devices, and favourable government initiatives are also contributing to the market growth.
Apart from providing a detailed analysis of the market sphere and key growth drivers, the research report also includes a comprehensive overview of the limitations and challenges, along with the plausible alternatives that assist stakeholders in maintaining their revenue inflow.
On top of that, the document also consists of an in-depth evaluation of market size, key trends, competitive scenario, growth rate, and segmentations. It also explores the influence of the COVID-19 outbreak on the overall industrial growth and economy.
Drawing conclusions from the historical data of 2018-2020 and taking 2021 as the base year with the latest trends, the report attempts to predict the growth trajectory of worldwide ECG devices market over the forthcoming period of 2022 to 2028.
As per product type, the industry is segmented into stress ECG monitors, Holter monitors, ECG management systems, resting ECG systems, event monitors, and others. Based on the end-users, the marketplace is bifurcated into home settings & ambulatory facilities, and hospitals & clinics.
Moving on to technology terrain, the market is divided into wireless ECG systems, and portable ECG systems. While as per lead type, the industry is classified into 12 lead ECG, 3-6 lead ECG, and single lead ECG.
For identifying profitable avenues, the report dwells into the market trends and conditions across regions like Europe, North America, Asia Pacific, and rest of the world.
The study identifies and examines the profiles of leading players responsible for revenue inflow and growth of global ECG devices industry. The well-known company mentioned in this report include ZOLL Medical Corporation, Spacelabs Healthcare, Schiller AG, Meditech Equipment Co. Ltd., McKesson Corporation, GE Healthcare, Device Technologies Australia Pty Ltd., CardioComm Solutions Inc., Welch Allyn Inc. (Hill-Rom Holdings, Inc.), Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Nihon Kohden Corporation, Medical Econet GmbH, Koninklijke Philips N.V., Dragerwerk AG & Co. KGaA, CompuMed Inc., and BioTelemetry Inc.