ECG Devices Global Market To Reach Value Of About $7.2 Billion In 2025
16 Aug, 2021
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, assist the relevant therapy. The ECG devices market consists of revenue generated by the companies manufacturing the ECG devices.
Global ECG Devices Market Size And Drivers:
The global ECG devices market is expected to grow from $4.89 billion in 2020 to $5.43 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth in the ECG devices market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ECG devices market is expected to reach $7.26 billion in 2025 at a CAGR of 7.5%. The increasing incidence of cardiovascular diseases is expected to boost the demand for the ECG devices market over the coming years.
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Trends In The Global ECG Devices Market
The launch of advanced ECG devices is shaping the ECG devices market. Major companies operating in the ECG devices sector are focused on developing technological solutions for ECG devices to strengthen their position. For instance, in September 2020, AliveCor, a US FDA-cleared personal electrocardiogram (ECG) technology company launched a clinically validated personal ECG device based on KardiaMobile 6L technology. In just 30 seconds, individuals can record a medical-grade ECG using this device. It is small enough to slip into a pocket. Users can use their smartphones to monitor their heartbeats.
Global ECG Devices Market Segments:
The global ECG devices market is further segmented based on product, technology, lead type, end user and geography.
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 global ECG devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the ECG devices market in 2020.
Read More On The Report For The Global ECG Devices Market At:https://www.thebusinessresearchcompany.com/report/ecg-devices-global-market-report
ECG Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ECG devices market overviews, analyzes and forecasts market size and growth for the global ECG devices market, ECG devices market share, ECG devices market players, ECG devices market segments and geographies, ECG devices market’s 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.