HOME Top Market Reports Diagnostic Electrocardiograph (ECG) Market by Product (Resting, Stress, Holter Monitor), End-user (Hospitals, Home/Ambulatory, Research Center, Physician Office, Nursing Homes) & by Lead Type (Single, 3-6, 12) - Global Forecast to 2020

Diagnostic Electrocardiograph (ECG) Market by Product (Resting, Stress, Holter Monitor), End-user (Hospitals, Home/Ambulatory, Research Center, Physician Office, Nursing Homes) & by Lead Type (Single, 3-6, 12) - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: June 2014
Report Code: MD 2551

 

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The global Diagnostic ECG Market is estimated to reach $5,435 million by 2020 at a high CAGR during the forecast period. The factors driving this market include the increasing geriatric population, rising incidences of lifestyle diseases, technological advancements in diagnostic ECG devices, and high growth rate in developing countries. The factors restraining this market include the unstable reimbursement regulations, economic instability, and market saturation in the developed countries.

The global diagnostic ECG market by product is divided into three major segments, namely, resting system, stress system, and Holter monitor system. In 2013, the resting system segment was the leading market segment. The resting system ECG market captured the largest market share in 2013 while the Holter monitor system ECG will grow at a fast pace in the forecast period.

In terms of lead type the global market is categorized as single-lead, 3-6 lead, 12 lead.  The 3-6 lead segment accounted for the largest market share in 2013, followed by 12 lead. The 3-6 lead segment is expected to attain the leadership position in the forecast period. 

North America commanded the largest share in the diagnostic ECG market in 2013 and is expected to grow from 2013 to 2020, at a high CAGR. The primary growth driver for North America is the extending population size of the elderly and the rising lifestyle diseases. Europe accounted for the second largest market share in 2013. In the forecast period, the growth of the European region will be slow due to the sluggish economic growth in the region. Asia-Pacific (APAC), on the other hand, will be the main focus of the market in the coming five years that will register high growth rates for all the segments.

The key players in the global diagnostic ECG market are GE Healthcare (U.K.), Philips Healthcare (Netherlands), Mindray Medical (China), Mortara Instrument Inc. (U.S.), Spacelabs Healthcare (U.S), Schiller AG (Switzerland), Cardionet (U.S.), Compumed Inc. (U.S.), Nihon Kohden Corporation (Japan), and Welch Allyn (U.S.).

Scope of the Report

Diagnostic Electrocardiograph (ECG) Market

Source: MarketsandMarkets Analysis

This research report categorizes the global diagnostic electrocardiograph (ECG) market into the following segments and subsegments:

Electrocardiograph Market, by Segment

  • Rest System
  • Stress System
  • Holter Monitor System

Electrocardiograph Market, by Lead Type

  • Single Lead
  • 3-6 Lead
  • 12 Lead
  • Others

Electrocardiograph Market, by End User

  • Hospitals (Small, Medium, and Large)
  • Home /Ambulatory Care
  • Others (Research Centers, Diagnostic Centers, Rehabilitation Centers, Clinics, Physician Offices, and Surgical Centers)

The report does not include the services and accessories market for global diagnostic ECG market

Table of Contents 
 
1 Introduction (Page No. - 13)  
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Market Scope
    1.6 Research Methodology
          1.6.1 Market Size Estimation & Data Triangulation
          1.6.2 Key Data From Secondary Sources
          1.6.3 Key Data Points From Primary Sources
          1.6.4 Assumptions

2 Executive Summary (Page No. - 23)  

3 Premium Insights (Page No. - 26)  
    3.1 Global Diagnostic ECG Market
    3.2 Global Diagnostic ECG Market Dynamics
    3.3 Global Diagnostic Electrocardiograph Market, By Product
    3.4 Global Diagnostic ECG Market, By Lead Type
    3.5 Global Diagnostic Electrocardiograph Market, By End User

4 Market Overview (Page No. - 31)  
    4.1 Introduction
    4.2 Market Segmentation
    4.3 Market Dynamics
          4.3.1 Drivers
                  4.3.1.1 Increasing Incidences of Lifestyle Diseases & Cardiovascular Diseases
                  4.3.1.2 Increasing Geriatric Population to Propel the Need of Monitoring Devices
                  4.3.1.3 Technological Advancements & Remote Monitoring
                  4.3.1.4 Government Regulations in Favor of Monitoring Devices
          4.3.2 Restraints
                  4.3.2.1 Unstable Economic Circumstances and Market Saturation
                  4.3.2.2 Unstable Reimbursement Policies
          4.3.3 Opportunities
                  4.3.3.1 Untapped Emerging Markets
                  4.3.3.2 Mergers & Acquisitions and Joint Ventures
4.3.4 Threats
                  4.3.4.1 Competition Amongst Players
    4.4 Global Market Share Analysis
          4.4.1 Global Market Share Analysis
          4.4.2 Global Resting ECG Systems
          4.4.3 Global Stress ECG Systems
          4.4.4 Global Holter Monitors
    4.5 North American Market Share Analysis
          4.5.1 Resting ECG Systems
          4.5.2 Stress ECG Systems
          4.5.3 Holter Monitors
    4.6 European Market Share Analysis
          4.6.1 Resting ECG Systems
          4.6.2 Stress ECG Systems
          4.6.3 Holter Monitors
    4.7 Asian Market Share Analysis
          4.7.1 Resting ECG Systems
          4.7.2 Stress ECG Systems
          4.7.3 Holter Monitors

5 Global Diagnostic ECG Market, By Product (Page No. - 53)  
    5.1 Introduction
    5.2 Resting ECG Systems
    5.3 Stress ECG Systems
    5.4 Holter Monitors

6 Global Diagnostic ECG Market, By Lead Type (Page No. - 61)  
    6.1 Introduction
    6.2 Single-Lead Type ECG Devices
    6.3 36 Lead Type ECG Devices
    6.4 12-Lead Type ECG Devices
    6.5 Other Lead Type ECG Devices

7 Global Diagnostic ECG Market, By End User (Page No. - 67)  
    7.1 Introduction
    7.2 Hospitals
    7.3 Home/Ambulatory Care
    7.4 Others

8 Global Diagnostic ECG Market, Geographical Analysis (Page No. - 72)  
    8.1 Introduction
    8.2 North America
    8.3 Europe
    8.4 Asia-Pacific
    8.5 Rest of the World

9 Competitive Landscape (Page No. - 83)  
    9.1 Introduction
    9.2 New Product Launches
    9.3 New Product Launches, 20112014
    9.4 Agreements, Partnerships, Collaborations, and Joint Ventures
    9.5 Expansions
    9.6 Mergers and Acquisitions
    9.7 Other Developments
 

10 Company Profiles (Page No. - 101)  
    (Overview, Financials, Products & Services, Strategy, & Developments)* 
    10.1 Ge Healthcare
           10.1.1 Overview
    10.2 Royal Philips Healthcare
    10.3 Mortara Instrument, Inc.
    10.4 Spacelabs Healthcare Inc.
    10.5 Schiller AG
    10.6 Welch Allyn
    10.7 Mindray Medical International Limited
    10.8 Nihon Kohden Corporation
    10.9 Compumed Inc.
    10.10 Cardionet Inc.
 
*Details  on Products & Services, Strategy, & Developments Might Not Be Captured in Case of Unlisted Companies. 


List of Tables  (16 Tables)

Table 1 Global Diagnostic ECG Market Size, By Lead Type, 20112020 ($Million) 
Table 2 Global Diagnostic Electrocardiograph Market Size, By Product, 20112020 ($Million) 
Table 3 Global Diagnostic Electrocardiograph Market Size, By Product, 20112020 (Million Units) 
Table 4 Resting ECG Systems Market Size, By Geography, 20112020 ($Million) 
Table 5 Stress ECG Systems Market Size, By Region, 20112020 ($Million) 
Table 6 Holter Monitors Market Size, By Region, 20112020 ($Million)
Table 7 Global Market Size, By Lead Type, 20112020 ($Million) 
Table 8 Global Diagnostic Electrocardiograph Market Size, By End User, 20112020 ($Million) 
Table 9 Global Market Size, By Geography, 20112020 ($Million) 
Table 10 Global Diagnostic Electrocardiograph Market Size, By Geography, 20112020 (Million Units) 
Table 11 North America: Diagnostic Electrocardiograph Market Size, By Product, 20112020 ($Million)
Table 12 Europe: Market Size, By Product, 20112020 ($Million) 
Table 13 Asia-Pacific: Diagnostic Electrocardiograph Market Size, By Product, 20112020 ($Million) 
Table 14 ROW: Diagnostic Electrocardiograph Market Size, By Product, 20112020 ($Million) 
Table 15 Agreements, Partnerships, Collaborations, and Joint Ventures, 20112014
Table 16 Expansions, 20112014


List of Figures  (29 Figures)

Figure 1 Market Size Estimation and Data Triangulation
Figure 2 Forecast Model
Figure 3 Market Share Analysis, By Product Type, 2013 Vs. 2020 
Figure 4 Global Diagnostic ECG Market Size, By End User, 2013 ($Million) 
Figure 5 Global Diagnostic ECG Market, 20112020 ($Million)
Figure 6 Global Diagnostic Electrocardiograph Market Dynamics
Figure 7 Global Diagnostic Electrocardiograph Market Size, By Product, 20112020 ($Million) 
Figure 8 Opportunity Matrix: Global Diagnostic Electrocardiograph Market, By Lead Type, 2013 ($Million)
Figure 9 Global Market Size, By End User, 2013 ($Million) 
Figure 10 Global Diagnostic Electrocardiograph Market Segmentation
Figure 11 Global Market Dynamics
Figure 12 Global Diagnostic Electrocardiograph Market Share (Value), 2013
Figure 13 Global Resting Diagnostic ECG Systems Market Share (Value), 2013
Figure 14 Global Stress Diagnostic ECG Systems Market Share (Value), 2013
Figure 15 Global Diagnostic Holter Monitors Market Share (Value), 2013
Figure 16 North America: Resting Diagnostic ECG Systems Market Share (Value), 2013
Figure 17 North America: Stress Diagnostic ECG Systems Market Share (Value), 2013
Figure 18 North America: Diagnostic Holter Monitors Market Share (Value), 2013
Figure 19 Europe: Resting Diagnostic ECG Systems Market Share (Value), 2013
Figure 20 Europe: Stress Diagnostic ECG Systems Market Share (Value), 2013
Figure 21 Europe: Diagnostic Holter Monitors Market Share (Value), 2013
Figure 22 Asia: Resting Diagnostic Electrocardiograph Systems Market Share (Value), 2013
Figure 23 Asia: Stress Diagnostic ECG Systems Market Share (Value), 2013
Figure 24 Asia: Diagnostic Holter Monitors Market Share (Value), 2013
Figure 25 Global Diagnostic ECG Market Size, By Product, 2013 ($Million) 
Figure 26 Global Diagnostic Electrocardiograph Market Size, By Lead Type, 2013 ($Million) 
Figure 27 Global Diagnostic ECG Market Size, By End User, 2013 ($Million) 
Figure 28 Diagnostic Electrocardiograph Market, Geographical Analysis, By Product 20112020 ($Million)
Figure 29 Percentage Distribution of Key Growth Strategies of the Global Diagnostic Electrocardiograph Market, 20112014

The global diagnostic electrocardiograph (ECG) market is segmented into three major segments, namely, holter monitor, resting, and stress type diagnostic ECG devices. The overall market was valued at $3,683 million in 2013 and is poised to grow at a CAGR of 5.7% by 2020. The market is driven by the rise in geriatric population, growing incidences of lifestyle diseases, and technological advancements. However, the decline of reimbursement policies will restrain the growth of this market to an extent. The holter monitor ECG devices will be the most fruitful segment for the companies to invest in the coming years.

The resting ECG devices segment was the leading segment owing to the expanding geriatric population and growing incidences of cardiac diseases and other lifestyle diseases such as diabetes and hypertension. The holter diagnostic ECG device on the other hand was the fastest growing segment and is expected to grow at a healthy pace in the coming years, driven by the advancements in technology.

While segmenting the market with respect to number of leads the 3-6 lead segment had the largest market share followed by the 12 lead segment. The 3-6 lead segment is also expected to grow at the fastest pace in the forecast period from 2013 to 2020. More number of leads captures more signals, thereby giving a detailed outlook. This makes it easier for providers to better interpret the electrical activity of the heart. Thus, 36 lead and 12-lead ECG device segments will grow at higher CAGRs than single-lead ECG devices.

With respect to the end users, the global diagnostic ECG market is divided into hospitals, home/ambulatory care research centers, diagnostic centers, rehabilitation centers, clinics, physician offices, and surgical centers. The hospital segment will observe a high growth due to the new technologies launched and the purchasing of an entire new suit of diagnostic ECG devices.

The geographic analysis reveals that North America accounted for the largest share in 2013. APAC, on the other hand will be the main focus of the market in the coming five years that will register a high growth rate for all the segments. Europe on the other hand will register a slow growth rate in the forecast period.

The key players in the ECG devices market are GE Healthcare (U.K.), Philips Healthcare (Netherlands), Mindray Medical (China), Mortara Instrument Inc. (U.S.), Spacelabs Healthcare (U.S), Schiller AG (Switzerland), Cardionet (U.S.), Compumed Inc. (U.S.), Nihon Kohden Corporation (Japan), and Welch Allyn (U.S.).

Global Diagnostic ECG Market Size Snapshot, 2013 ($Million)

Diagnostic Electrocardiograph (ECG) Market

Source: MarketsandMarkets Analysis

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