Diagnostic Electrocardiograph (ECG) Market

Diagnostic Electrocardiograph (ECG) Market By Product (Resting ECG, Stress, Mobile Cardiac Telemetry Device, Implantable Loop Recorder) and Service, By Lead Type (12-lead, 6-lead, 5- lead), End User, and Region - Global Forecast to 2024

Report Code: MD 2551 Jan, 2020, by marketsandmarkets.com

[142 Pages Report] The global diagnostic electrocardiograph market is expected to reach USD 10.3 billion by 2024 from USD 7.5 billion in 2019, at a CAGR of 6.4% during the forecast period. The scope of the report includes diagnostic ECG products and services used for the detection and treatment of heart activities and abnormal heart rhythm. The base year considered for the study is 2018, and the forecast period is from 2019 to 2024.

Diagnostic Electrocardiograph (ECG) Market

By lead type, the 3-lead ECG segment is expected to grow at the highest CAGR during the forecast period

By lead type, the diagnostic ECG market is divided into 12-lead, 5-lead, 3-lead, 6-lead, single-lead, and other lead types. The 3-lead ECG segment is expected to grow at the highest CAGR during the forecast period. This is due to their usability with various other cardiac diagnostic tests, telemetry monitoring, and in medical procedures such as emergencies, cardiac diagnostic tests, and heart disease management.

Resting ECG devices held the largest share of the diagnostic ECG market

Based on the product, the diagnostic ECG market is segmented into resting ECG devices, stress ECG devices, implantable loop recorders (ILRs), event monitors, MCT devices, and smart wearable ECG monitors. The ILRs segment is projected to grow at the highest CAGR during the forecast period. Factors such as quick and enhanced diagnosis as compared to other short & longer-term monitoring modalities and the huge potential for reducing healthcare costs are driving the growth of the market.

By end user, the hospitals, clinics, and cardiac care centers segment is expected to grow at the highest CAGR.

Based on end user, the diagnostic ECG market is segmented into hospitals, clinics, & cardiac care centers, ambulatory surgical centers, and other end users. In 2019, the hospitals, clinics, & cardiac care centers segment accounted for the largest share of the market. The large share of this segment can primarily be attributed to the growing burden of cardiovascular diseases, which, in turn, is increasing the need for quality cardiology care and increasing the number of patient visits to physician offices for the diagnosis of CVD, and the availability of reimbursements for Holter & event monitors across developed markets.

Diagnostic Electrocardiograph (ECG) Market

North America accounted for the largest share of the diagnostic ECG market during the forecast period

In 2019, North America accounted for the largest share of the diagnostic ECG market. The large share of this regional segment can be attributed to the increasing prevalence of CVD, the presence of advanced healthcare infrastructure, high disposable income, high demand for medical devices, and technological advancements. The Asia Pacific is expected to register the highest growth from 2019 to 2024. Factors such as a 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 are fueling the demand for diagnostic ECG devices in the Asia Pacific.

Key Market Players

The major players in the diagnostic ECG market include Koninklijke Philips (Netherlands), GE Healthcare (US), Nihon Kohden (Japan), Asahi Kasei (Japan), and Hill-Rom Holdings (US).

Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2024

Base Year Considered

2018

Forecast Period

2019–2024

Forecast Units

Values (USD Million)

Segments Covered

Product & Service, Lead Type, End User, and Region

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

GE Healthcare (US), Nihon Kohden Corporation (Japan), Koninklijke Philips (Netherlands), Medtronic (Ireland), Hill-Rom Holdings (US), SCHILLER (Switzerland), BioTelemetry, Inc. (US), BPL Medical Technologies (India), ACS Diagnostics (US), SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS Co., Ltd. (China), BTL (US), Ambu A/S (Denmark), Allengers Medical Systems, Ltd. (India), FUKUDA DENSHI (Japan), Innomed Medical (Hungary), Edan Instruments, Inc. (China), Cardioline SpA (Italy), Eccosur (Argentina), SUZUKEN Co., Ltd. (Japan), Norav Medical (US), VectraCor, Inc. (US), Bionet Co., Ltd. (North Korea), Nexus Lifecare (India), Midmark Corporation (US), and OSI Systems, Inc. (US).

By Product and Service:

  • Product
    • Resting ECG Devices
    • Stress ECG Devices
    • Holter Monitors
    • Implantable Loop Recorders
    • Event Monitors
    • MCT Devices
    • Smart ECG Monitors
  • Software and Service

By Lead Type:

  • 12-lead
  • 5-lead
  • 3-lead
  • 6-lead
  • Single-lead
  • Other Lead Types

By End User

  • Hospitals, Clinics, & Cardiac Centers
  • Ambulatory Surgical Centers
  • Other End Users

By Region:

  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • RoE
  • Asia Pacific
  • Japan
  • China
  • India
  • RoAPAC
  • RoW

Recent Developments:

  • In March 2018, Biotelemetry acquired Geneva Healthcare to strengthen its position in the remote cardiac monitoring devices market.
  • In May 2018, GE Healthcare collaborated with Preventice Solutions (US) to extended GE’s ECG services into home settings, providing monitoring for ambulatory ECG patients.
  • In March 2018, Philips Healthcare launched IntelliSpace Cardiovascular 3.1 under its cardiovascular product segment.

Key questions addressed by the report:

  • Who are the major market players in the diagnostic ECG market?
  • What are the regional growth trends and the largest revenue-generating regions for the diagnostic ECG market?
  • What are the major drivers and challenges in the diagnostic ECG market?
  • What are the major product segments in the diagnostic ECG market?
  • What are the major end users for diagnostic ECG?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
    2.4 Market Size Estimation
    2.5 Data Triangulation
           2.5.1 Assumptions for the Study
           2.5.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    4.1 Diagnostic Electrocardiograph Market Overview
    4.2 Asia Pacific: Market Share, By End User & Country (2018)

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics: Drivers, Opportunities, and Challenges
           5.2.1 Drivers
                    5.2.1.1 Rising Incidence of Lifestyle and Cardiovascular Diseases
                    5.2.1.2 Increasing Geriatric Population
                    5.2.1.3 Technological Advancements in Wireless Monitoring and Wearable Devices
           5.2.2 Opportunity
                    5.2.2.1 Untapped Emerging Markets
           5.2.3 Challenge
                    5.2.3.1 Dearth of Skilled Professionals
           5.2.4 Trend
                    5.2.4.1 Mergers, Acquisitions, and Joint Ventures
    5.3 Diagnostic Electrocardiograph Market, By Lead Type (2019–2024)
    5.4 Geographic Snapshot of the Market

6 Diagnostic Electrocardiograph Market, By Product & Service (Page No. - 39)
    6.1 Introduction
    6.2 Products
    6.3 Resting ECG Devices
           6.3.1 Low Cost, Ease of Use, and Simplicity Have Driven the Adoption of Resting ECG Devices
    6.4 Stress ECG Devices
           6.4.1 The High Cost of These Devices is Negatively Impacting Market Growth
    6.5 Implantable Loop Recorders
           6.5.1 High Cost and Limited Applications are Hampering Market Growth
    6.6 Mobile Cardiac Telemetry Devices
           6.6.1 Increasing Demand for Cardiac Monitoring Solutions in Home Care Settings to Propel Market Growth
    6.7 Event Monitors
           6.7.1 Increasing Outsourcing of Monitoring Devices to Propel Market Growth
    6.8 Holter Monitors
           6.8.1 Short Duration of Monitoring is A Key Restraint to Market Growth
    6.9 Smart ECG Monitors
           6.9.1 Lack of Data Security is Hampering the Growth of This Segment
    6.1 Software & Services

7 Diagnostic Electrocardiograph Market, By Lead Type (Page No. - 54)
    7.1 Introduction
    7.2 12-Lead ECG Devices
           7.2.1 Use in Pre-Hospital and Clinic Settings has Driven the Adoption of 12-Lead ECG Devices
    7.3 5-Lead ECG Devices
           7.3.1 Use in Patient Monitoring Will Drive the Growth of the 5-Lead ECG Devices Market
    7.4 3-Lead ECG Devices
           7.4.1 Market Growth is Driven By Its Capabilities to Meet the Needs of Multiple Diagnostic Tests Simultaneously
    7.5 6-Lead ECG Devices
           7.5.1 6-Lead ECG Devices are Mainly Used in Remote Patient Monitoring
    7.6 Single-Lead ECG Devices
           7.6.1 Ease of Use for Diagnosis and Quick Results Have Increased the Use of Single-Lead ECG Devices
    7.7 Other Lead Types

8 Diagnostic Electrocardiograph Market, By End User (Page No. - 63)
    8.1 Introduction
    8.2 Hospitals, Clinics, and Cardiac Centers
           8.2.1 In 2018, the Hospitals, Clinics, and Cardiac Centers Segment Accounted for the Largest Share of the Market
    8.3 Ambulatory Surgical Centers
           8.3.1 The Ascs Segment to Grow at the Highest CAGR During the Forecast Period
    8.4 Other End Users

9 Diagnostic Electrocardiograph Market, By Region (Page No. - 70)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Growing Number of Fda Approvals for Cm and ECG Devices to Support Market Growth in the US
           9.2.2 Canada
                    9.2.2.1 Growing Focus of Government and Private Organizations on Providing Funding for Research Will Drive Market Growth
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany Dominates the Diagnostic ECG Market in Europe
           9.3.2 France
                    9.3.2.1 Rising Prevalence of Heart Failure Will Drive the Adoption of Diagnostic ECG Devices in France
           9.3.3 UK
                    9.3.3.1 Rising Demand for Home-Based Smart ECG Devices Will Support Market Growth
           9.3.4 Italy
                    9.3.4.1 Rise in Individuals Suffering From Heart Diseases Will Increase the Use of Diagnostic ECG
           9.3.5 Spain
                    9.3.5.1 Rising Geriatric Population Will Support Market Growth in Spain
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 Japan
                    9.4.1.1 High Healthcare Expenditure and Favorable Reimbursement and Insurance Coverage Will Support Market Growth in Japan
           9.4.2 China
                    9.4.2.1 Government Support for Infrastructural Improvement Will Drive Market Growth
           9.4.3 India
                    9.4.3.1 Government Initiatives Will Propel Market Growth in India
           9.4.4 Rest of Asia Pacific
    9.5 Rest of the World

10 Competitive Landscape (Page No. - 100)
     10.1 Introduction
     10.2 Market Share Analysis, 2018
     10.3 Competitive Leadership Mapping (2019)
             10.3.1 Vendor Inclusion Criteria
             10.3.2 Visionary Leaders
             10.3.3 Innovators
             10.3.4 Dynamic Differentiators
             10.3.5 Emerging Companies
     10.4 Diagnostic Electrocardiograph Market (Global) Competitive Leadership Mapping, 2019
     10.5 Competitive Scenario
             10.5.1 Collaborations, Agreements, and Partnerships (2016–2019)
             10.5.2 Product Launches and Approvals (2016–2019)
             10.5.3 Expansions (2016–2019)
             10.5.4 Acquisitions and Mergers (2016–2019)

11 Company Profiles (Page No. - 105)
(Business Overview, Products Offered, Recent Developments, MnM View)* 
     11.1 GE Healthcare
     11.2 Koninklijke Philips N.V.
     11.3 Nihon Kohden Corporation
     11.4 Hill-Rom Holdings, Inc.
     11.5 MBU A/S
     11.6 Schiller AG
     11.7 ACS Diagnostics
     11.8 BPL Technologies
     11.9 Fukuda Denshi
     11.10 Biotelemetry, Inc.
     11.11 OSI Systems, Inc.
     11.12 BTL
     11.13 Allengers Medical Systems, Ltd.
     11.14 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
     11.15 Edan Instruments, Inc.
     11.16 Cardioline Spa
     11.17 Suzuken Co., Ltd.
     11.18 Norav Medical
     11.19 Bionet Co., Inc.
     11.20 Vectracor, Inc.
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 136)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (127 Tables)

Table 1 Prominent Developments in the Diagnostic Electrocardiograph Market:
Table 2 Market, By Product & Service, 2017–2024 (USD Million)
Table 3 Diagnostic ECG Products Market, By Type, 2017–2024 (USD Million)
Table 4 Resting ECG Devices Market, By Region, 2017–2024 (USD Million)
Table 5 North America: Resting ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 6 Europe: Resting ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 7 APAC: Resting ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 8 Stress ECG Devices Market, By Region, 2017–2024 (USD Million)
Table 9 North America: Stress ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 10 Europe: Stress ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 11 APAC: Stress ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 12 Implantable Loop Recorders Market, By Region, 2017–2024 (USD Million)
Table 13 North America: Implantable Loop Recorders Market, By Country, 2017–2024 (USD Million)
Table 14 Europe: Implantable Loop Recorders Market, By Country, 2017–2024 (USD Million)
Table 15 APAC: Implantable Loop Recorders Market, By Country, 2017–2024 (USD Million)
Table 16 Mct Devices Market, By Region, 2017–2024 (USD Million)
Table 17 North America: Mct Devices, By Country, 2017–2024 (USD Million)
Table 18 Europe: Mct Devices Market, By Country, 2017–2024 (USD Million)
Table 19 APAC: Mct Devices Market, By Country, 2017–2024 (USD Million)
Table 20 Event Monitors Market, By Region, 2017–2024 (USD Million)
Table 21 North America: Event Monitors Market, By Country, 2017–2024 (USD Million)
Table 22 Europe: Event Monitors Market, By Country, 2017–2024 (USD Million)
Table 23 APAC: Event Monitors Market, By Country, 2017–2024 (USD Million)
Table 24 Holter Monitors Market, By Region, 2017–2024 (USD Million)
Table 25 North America: Holter Monitors Market, By Country, 2017–2024 (USD Million)
Table 26 Europe: Holter Monitors Market, By Country, 2017–2024 (USD Million)
Table 27 APAC: Holter Monitors Market, By Region, 2017–2024 (USD Million)
Table 28 Indicative List of Smart ECG Monitors
Table 29 Smart ECG Monitors Market, By Region, 2017–2024 (USD Million)
Table 30 North America: Smart ECG Monitors Market, By Country, 2017–2024 (USD Million)
Table 31 Europe: Smart ECG Monitors Market, By Country, 2017–2024 (USD Million)
Table 32 APAC: Smart ECG Monitors Market, By Country, 2017–2024 (USD Million)
Table 33 Diagnostic ECG Software & Services Market, By Region, 2017–2024 (USD Million)
Table 34 Diagnostic Electrocardiograph Market, By Lead Type, 2017–2024 (USD Million)
Table 35 12-Lead ECG Devices Market, By Region, 2017–2024 (USD Million)
Table 36 North America: 12-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 37 Europe: 12-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 38 5-Lead ECG Devices Market, By Region, 2017–2024 (USD Million)
Table 39 North America: 5-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 40 Europe: 5-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 41 3-Lead ECG Devices Market, By Region, 2017–2024 (USD Million)
Table 42 North America: 3-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 43 Europe: 3-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 44 6-Lead ECG Devices Market, By Region, 2017–2024 (USD Million)
Table 45 North America: 6-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 46 Europe: 6-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 47 Single-Lead ECG Devices Market, By Region, 2017–2024 (USD Million)
Table 48 North America: Single-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 49 Europe: Single-Lead ECG Devices Market, By Country, 2017–2024 (USD Million)
Table 50 Diagnostic ECG Market for Other Lead Types, By Region, 2017–2024 (USD Million)
Table 51 North America: Diagnostic ECG Market for Other Lead Types, By Country, 2017–2024 (USD Million)
Table 52 Europe: Diagnostic ECG Market for Other Lead Types, By Country, 2017–2024 (USD Million)
Table 53 Diagnostic Electrocardiograph Market, By End User, 2017–2024 (USD Million)
Table 54 Market for Hospitals, Clinics, and Cardiac Centers, By Region, 2017–2024 (USD Million)
Table 55 North America:Market for Hospitals, Clinics, and Cardiac Centers, By Country, 2017–2024 (USD Million)
Table 56 Europe: Market for Hospitals, Clinics, and Cardiac Centers, By Country, 2017–2024 (USD Million)
Table 57 APAC: Market for Hospitals, Clinics, and Cardiac Centers, By Country, 2017–2024 (USD Million)
Table 58 Market for Ambulatory Surgical Centers, By Region, 2017–2024 (USD Million)
Table 59 North America:Market for Ambulatory Surgical Centers, By Country, 2017–2024 (USD Million)
Table 60 Europe: Market for Ambulatory Surgical Centers, By Country, 2017–2024 (USD Million)
Table 61 APAC: Market for Ambulatory Surgical Centers, By Country, 2017–2024 (USD Million)
Table 62 Market for Other End Users, By Region, 2017–2024 (USD Million)
Table 63 North America:Diagnostic Electrocardiograph Market for Other End Users, By Country, 2017–2024 (USD Million)
Table 64 Europe: Market for Other End Users, By Country, 2017–2024 (USD Million)
Table 65 APAC: Market for Other End Users, By Country, 2017–2024 (USD Million)
Table 66 Market, By Region, 2017–2024 (USD Million)
Table 67 North America: Market, By Country, 2017–2024 (USD Million)
Table 68 North America: Market, By Product & Service, 2017–2024 (USD Million)
Table 69 North America: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 70 North America: Diagnostic Electrocardiograph Market, By Lead Type, 2017–2024 (USD Million)
Table 71 North America: Market, By End User, 2017–2024 (USD Million)
Table 72 US: Market, By Product & Service, 2017–2024 (USD Million)
Table 73 US: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 74 US: Market, By Lead Type, 2017–2024 (USD Million)
Table 75 US: Market, By End User, 2017–2024 (USD Million)
Table 76 Canada: Market, By Product & Service, 2017–2024 (USD Million)
Table 77 Canada: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 78 Canada: Diagnostic Electrocardiograph Market, By Lead Type, 2017–2024 (USD Million)
Table 79 Canada: Market, By End User, 2017–2024 (USD Million)
Table 80 Europe: Market, By Country, 2017–2024 (USD Million)
Table 81 Europe: Market, By Product & Service, 2017–2024 (USD Million)
Table 82 Europe: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 83 Europe: Market, By Lead Type, 2017–2024 (USD Million)
Table 84 Europe: Market, By End User, 2017–2024 (USD Million)
Table 85 Germany: Market, By Product & Service, 2017–2024 (USD Million)
Table 86 Germany: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 87 Germany: Diagnostic Electrocardiograph Market, By Lead Type, 2017–2024 (USD Million)
Table 88 Germany: Market, By End User, 2017–2024 (USD Million)
Table 89 France: Market, By Product & Service, 2017–2024 (USD Million)
Table 90 France: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 91 France: Diagnostic Electrocardiograph Market, By Lead Type, 2017–2024 (USD Million)
Table 92 France: Market, By End User, 2017–2024 (USD Million)
Table 93 UK: Market, By Product & Service, 2017–2024 (USD Million)
Table 94 UK: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 95 UK: Market, By Lead Type, 2017–2024 (USD Million)
Table 96 UK: Market, By End User, 2017–2024 (USD Million)
Table 97 Italy: Market, By Product & Service, 2017–2024 (USD Million)
Table 98 Italy: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 99 Italy: Diagnostic Electrocardiograph Market, By End User, 2017–2024 (USD Million)
Table 100 Spain: Market, By Product & Service, 2017–2024 (USD Million)
Table 101 Spain: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 102 Spain: Market, By End User, 2017–2024 (USD Million)
Table 103 Roe: Market, By Product & Service, 2017–2024 (USD Million)
Table 104 Roe: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 105 Roe: Market, By Lead Type, 2017–2024 (USD Million)
Table 106 Roe: Market, By End User, 2017–2024 (USD Million)
Table 107 Asia Pacific: Market, By Country, 2017–2024 (USD Million)
Table 108 Asia Pacific: Market, By Product & Service, 2017–2024 (USD Million)
Table 109 Asia Pacific: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 110 Asia Pacific: Diagnostic Electrocardiograph Market, By Lead Type, 2017–2024 (USD Million)
Table 111 Asia Pacific: Market, By End User, 2017–2024 (USD Million)
Table 112 Japan: Market, By Product & Service, 2017–2024 (USD Million)
Table 113 Japan: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 114 Japan: Market, By End User, 2017–2024 (USD Million)
Table 115 China: Market, By Product & Service, 2017–2024 (USD Million)
Table 116 China: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 117 China: Diagnostic Electrocardiograph Market, By End User, 2017–2024 (USD Million)
Table 118 India: Market, By Product & Service, 2017–2024 (USD Million)
Table 119 India: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 120 India: Market, By End User, 2017–2024 (USD Million)
Table 121 RoAPAC: Market, By Product & Service, 2017–2024 (USD Million)
Table 122 RoAPAC: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 123 RoAPAC: Diagnostic Electrocardiograph Market, By End User, 2017–2024 (USD Million)
Table 124 RoW: Market, By Product & Service, 2017–2024 (USD Million)
Table 125 RoW: Diagnostic Electrocardiograph Products Market, By Type, 2017–2024 (USD Million)
Table 126 RoW: Market, By Lead Type, 2017–2024 (USD Million)
Table 127 RoW: Diagnostic Electrocardiograph Market, By End User, 2017–2024 (USD Million)


List of Figures (27 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Research Methodology: Hypothesis Building
Figure 4 Market Size Estimation: Diagnostic ECG Market
Figure 5 Market Data Triangulation Methodology
Figure 6 Diagnostic Electrocardiograph Products Market, By Type, 2019 vs. 2024 (USD Million)
Figure 7 Diagnostic Electrocardiograph Market, By Lead Type, 2019 vs. 2024 (USD Million)
Figure 8 Market Share, By End User, 2019 vs. 2024
Figure 9 Market: Geographic Growth Opportunities
Figure 10 Rising Prevalence of Cvd—Major Factor Driving the Diagnostic Electrocardiograph Market
Figure 11 Hospitals, Clinics, & Cardiac Centers Segment Accounted for the Largest Share of the APAC Market in 2018
Figure 12 3-Lead ECG Devices Segment to Witness the Highest Growth During the Forecast Period
Figure 13 China to Register the Highest CAGR During the Forecast Period
Figure 14 Market: Geographic Growth Opportunities
Figure 15 North America: Diagnostic Electrocardiograph Market Snapshot
Figure 16 Number of Individuals Suffering From Heart Disease in Italy, 2010–2017 (Thousand)
Figure 17 Asia Pacific: Market Snapshot
Figure 18 Rank of Companies in the Market, 2018
Figure 19 GE Healthcare: Company Snapshot (2018)
Figure 20 Philips: Company Snapshot (2018)
Figure 21 Nihon Kohden Corporation: Company Snapshot (2019)
Figure 22 Hill-Rom Holdings, Inc.: Company Snapshot (2019)
Figure 23 MBU A/S: Company Snapshot (2018)
Figure 24 BPL Technologies: Company Snapshot (2018)
Figure 25 Fukuda Denshi: Company Snapshot (2019)
Figure 26 Biotelemetry, Inc.: Company Snapshot (2018)
Figure 27 OSI Systems, Inc.: Company Snapshot (2019)

The study involved four major activities in estimating the current market size of the diagnostic electrocardiograph (ECG) market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizes with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of various segments and subsegments.

Secondary Research

In the secondary research process, various sources such as Bloomberg BusinessWeek, Forbes, and Dun & Bradstreet were referred to in order to identify and collect information useful for this technical, market-oriented, and commercial study of the diagnostic electrocardiograph (ECG) market. Secondary research was mainly used to obtain vital information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The diagnostic electrocardiograph (ECG) market comprises several stakeholders, such as diagnostic ECG product and service providers, suppliers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary sources from the demand side include key opinion leaders in hospitals and other end users. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the diagnostic electrocardiograph (ECG) market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the profile breakup of primary respondents:

Diagnostic Electrocardiograph (ECG) Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the diagnostic electrocardiograph (ECG) market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key product and service providers in the global diagnostic electrocardiograph (ECG) market were identified through secondary research, and their global market shares were determined through primary and secondary research.
  • This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, Directors, and marketing executives
  • All percentage shares, splits, and breakdowns for the global diagnostic electrocardiograph (ECG) market were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of the diagnostic electrocardiograph (ECG) market

Report Objectives

  • To define, describe, segment, and forecast the diagnostic electrocardiograph (ECG) market by product & service, lead type, end user, and region.
  • To provide detailed information about the factors influencing market growth
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
  • To forecast the size of market segments in Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW)
  • To profile key players and comprehensively analyze their core competencies in terms of key developments, product portfolios, and financials
  • To track and analyze competitive developments such as partnerships & collaborations, product & service launches, and expansions in the diagnostic electrocardiograph (ECG) market.

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top five companies

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
Report Code
MD 2551
Published ON
Jan, 2020
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