According to the research report titled ‘Global Ecg Equipment Market 2021-2028’, available with MarketStudyReport, global ECG equipment market is anticipated to register a CAGR of 5.64% over the forecast timeframe 2021-2028.
 

As per the findings of the report, adoption of laws & regulations favoring research & development activities, increasing inclination towards ECG data management services, and rising incidence of cardiovascular disorders are primarily driving worldwide ECG equipment market growth.
 

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Moreover, with growing geriatric population, demand for monitoring devices is leading to advancements in imaging technology, which is likely to create new opportunities for industry partakers in the upcoming years. On the contrary, this expansion might be stifled by fierce competition, low reimbursement rates for cardiovascular disorders, as well as high incidence of product recalls prevailing in this vertical.
 

Based on system type, the industry is classified into portable and stationary ECG systems. By product type, the industry classification comprises, monitoring ECG system (continuous, event, and remote monitoring), and diagnostic ECG system (rest, Holter and stress ECG systems).
 

Moving on to lead type, the business sphere is split into single lead, 3-6 lead and 12 lead segments. Lastly, the end user scope of the industry is arrayed into home/ambulatory care, hospitals, and others
 

From a regional perspective, as per the report, global ECG equipment market size spans across North America (U.S., Canada), Europe (U.K., Germany, Spain, France, Italy, Russia), Asia Pacific (Japan, China, South Korea, India, New Zealand, Australia), MEA (South Africa, Turkey, Saudi Arabia, UAE) and Latin America (Mexico and Brazil).
 

Among the afore mentioned, Asia-Pacific market is predicted to witness a remarkable growth rate through 2028, owing to technological advancements like remote monitoring, rising healthcare spending, and supportive regulatory framework in the region.
 

Considering the competitive landscape, GE Healthcare, Mindray Medical International Ltd., BioTelemetry Inc., Koninklijke Philips N.V., Fukuda Denshi Co. Ltd., Schiller AG, Zoll Medical Corp., Bionet Co. Ltd., Siemens Healthineers AG, Hill Rom Holdings Inc., Spacelabs Healthcare (OSI Systems Inc.), CompuMed Inc., Medibiosense Ltd., McKesson Corp., and Nihon Kohden Corp. are among the well-recognized names in worldwide ECG equipment industry.