The global ECG devices market size is expected to grow from $4.62 billion in 2021 to $4.99 billion in 2022 at a compound annual growth rate (CAGR) of 8%. The global ECG device market is expected to grow to $7.04 billion in 2026 at a CAGR of 9%.
What is the Global ECG Devices Market?
The ECG devices market consists of sales of ECG devices by entities (organizations, sole traders, and partnerships) that are used to record heart activities through electric signals and are amplified on the ECG monitor. The devices are used to diagnose various types of heart diseases and arrhythmias in a person’s body, therefore, assisting the relevant therapy. The market consists of revenue generated by the companies manufacturing the ECG devices.
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What drives the Global ECG Devices Market?
The increasing incidence of cardiovascular diseases is expected to boost the demand for the ECG devices market over the coming years. Cardiovascular disease is one of the most common of all health problems and the leading cause of death globally. To check for various cardiac diseases, an electrocardiogram (ECG or EKG) measures the electrical signal from the heart. Electrodes are set on the chest to record the electrical signals sent by the heart, which cause it to beat. According to the Centers for Disease Control and Prevention, heart disease is the major cause of death in the USA, accounting for almost 647,000 deaths per year. Moreover, according to the. Thus, increasing cardiovascular diseases such as hypertensive heart disease, stroke, peripheral artery diseases, and ischemic heart disease (IHD) drive the growth of the ECG devices market.
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Global ECG Devices Market Segments
The global ECG devices market is segmented:
By Product: Monitoring ECG Systems, Diagnostic ECG Systems
By Technology: Portable ECG Systems, Wireless ECG Systems
By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG
By End-User: Hospitals, Homecare Settings, Others
By Geography: The regions covered in the ECG devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
ECG Devices Global Market Report 2022provides market size and growth forecasts for the global ECG devices market, global ECG devices market share, ECG devices market segments and geographies, ECG devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The ECG devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global ECG Devices Industry Playersinclude GE Healthcare, Koninklijke Philips N.V, Spacelabs Healthcare, CardioNet Inc, Schiller AG, Nihon Kohden Corporation, Medtronic PLC, OSI Systems, Mindray Medical International Limited, and Hill-Rom Holdings Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
