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    Diagnostic Electrocardiograph Market | Covid-19 Impact Analysis

    Diagnostic Electrocardiograph Market | Covid-19 Impact Analysis

    Diagnostic Electrocardiograph Market | Covid-19 Impact Analysis
    Report code - SRHL167 Delivery - 2 Weeks
    Diagnostic Electrocardiograph Market Size, Share, Trend, Forecast, & Industry Analysis See more...
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    Diagnostic Electrocardiograph Market Insights

    Diagnostic Electrocardiograph Market is likely to witness an impressive CAGR of 6.4% during the forecast period. The prime factors contributing to the growth of the market are mainly the increasing incidence of lifestyle and cardiovascular diseases, rising geriatric population, and technological advancements in wireless monitoring and wearable devices.

    Diagnostic Electrocardiograph Market - Snapshot

    Growth

    6.4 % for the next five years

    Major Product & Service Type

    Resting ECG Devices

    Governing Lead Type

    3-Lead ECG Devices

    Dominant End-Use Industry Type

    Hospitals, Clinics, and Cardiac Centers

    Region with the highest demand

    North America

    Key Players

    Koninklijke Philips N.V., GE Healthcare, Nihon Kohden Corporation, Asahi Kasei, and Hill-Rom Holdings, Inc.

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    Market Share Analysis

    Diagnostic Electrocardiograph Market Share: By Product & Service Type

    Based on the product & service type, the market is segmented as resting ECG devices, stress ECG devices, implantable loop recorders, mobile cardiac telemetry devices, event monitors, holter monitors, smart ECG monitors, and software & services. The resting ECG devices segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period, whereas the implantable loop recorders segment is expected to grow at the highest rate during the same period. Factors driving the growth of the segment are quick and enhanced diagnosis as compared to other short & longer-term monitoring modalities and the huge potential for reducing healthcare costs.

    Diagnostic Electrocardiograph Market Share: By Lead Type

    Based on the lead type, the diagnostic electrocardiograph market is segmented as 12-lead ECG devices, 5-lead ECG devices, 3-lead ECG devices, 6-lead ECG devices, single-lead ECG devices, and others. The 3-lead ECG devices segment is expected to experience the highest growth in the market which can be attributed to their usability with various other cardiac diagnostic tests, telemetry monitoring, and in medical procedures such as heart disease management emergencies and cardiac diagnostic tests.

    Diagnostic Electrocardiograph Market Share: By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as hospitals, clinics, and cardiac centers, ambulatory surgical centers, and others. The hospitals, clinics, and cardiac centers segment dominate the market. Increased need for good quality cardiology care and rise in the number of patient visits to physician offices owing to the growing rate of cardiovascular diseases, and the availability of reimbursements for holter & event monitors across the developed markets are some of the factors contributing towards the growth of the segment.

    Diagnostic Electrocardiograph Market Share: By Region

    In terms of regions, North America is estimated to be the largest diagnostic electrocardiograph market during the forecast period, owing to the increasing prevalence of CVD, the presence of advanced healthcare infrastructure, high disposable income, high demand for medical devices, and technological advancements in the region. Asia-Pacific is estimated to experience the highest growth in the market with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by factors such as growing geriatric population, the growing incidence of chronic diseases, rising healthcare spending, healthcare reforms for infrastructural development, growing demand for advanced technologies, and less stringent regulations. Europe is also expected to offer substantial growth opportunities during the forecast period.

    Some of the major players in the diagnostic electrocardiograph market are-

    • Koninklijke Philips N.V.
    • GE Healthcare
    • Nihon Kohden Corporation
    • Asahi Kasei
    • Hill-Rom Holdings, Inc.

     

    Market Scope & Segmentation

    Electrocardiogram or ECG is a diagnostic tool that helps assess the electrical and muscular activity of the heart. It is performed for several cardiac indications which include myocardial infarction, cardiac murmur, fainting, and cardiac stress testing. Though it is a relatively simple test to perform, the interpretation of the ECG tracing requires significant amounts of training and expertise. Factors fueling the growth of the market are increase in incidence of cardiovascular disease, rise in geriatric population, and development of advanced and affordable remote monitoring devices.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Diagnostic Electrocardiograph Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The diagnostic electrocardiograph market is segmented into the following categories. 

    Diagnostic Electrocardiograph Market Size, Share, & Forecast, by Product & Service Type:

    • Product (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Resting ECG Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Stress ECG Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Implantable Loop Recorders (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mobile Cardiac Telemetry Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Event Monitors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Holter Monitors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Smart ECG Monitors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Software & Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Diagnostic Electrocardiograph Market Size, Share, & Forecast, by Lead Type:

    • 12-Lead ECG Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 5-Lead ECG Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 3-Lead ECG Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 6-Lead ECG Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Single-Lead ECG Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Diagnostic Electrocardiograph Market Size, Share, & Forecast, by End-Use Industry Type:

    • Hospitals, Clinics, and Cardiac Centers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ambulatory Surgical Centers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Diagnostic Electrocardiograph Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the products & service types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Diagnostic Electrocardiograph Market in the foreseeable future?

    Diagnostic Electrocardiograph Market is expected to witness an impressive growth of 6.4% CAGR in the foreseeable future.

    Who are the key players in the Diagnostic Electrocardiograph Market?

    Koninklijke Philips N.V., GE Healthcare, Nihon Kohden Corporation, Asahi Kasei, and Hill-Rom Holdings, Inc. are among the key players in the Diagnostic Electrocardiograph market.

    Which country/region is expected to remain the largest Diagnostic Electrocardiograph Market?

    North America is expected to remain the largest market for diagnostic electrocardiograph during the next five years.

    Which type of lead is expected to experience the highest growth?

    The 3-lead ECG devices segment is expected to experience the highest growth in the diagnostic electrocardiograph market.

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