The global electrocardiograph market size is expected to reach USD 9.44 Billion in 2028 and register a CAGR of 5.8%, according to the latest report by Reports and Data. Advancements in the healthcare sector, introduction of portable devices, and increasing adoption of Artificial Intelligence (AI) in medical devices are key factors driving global market revenue growth.
An electrocardiograph (ECG) is an instrument that records electric activity of the heart. Increasing incidence of cardiovascular diseases such as stroke, ischemic heart disease, atrial fibrillation, heart failure, peripheral artery diseases, and other complications and rising need for cardiac monitoring devices is boosting demand for electrocardiographs. Increasing adoption of sedentary lifestyle, increasing geriatric population, unhealthy eating habits, excess consumption of alcohol and availability of advanced EGC devices, and high adoption of ambulatory surgical centers are boosting global market growth. In addition, improving healthcare infrastructure, favorable reimbursement scenario, and increasing healthcare expenditure are also fueling market revenue growth. Favorable government support, improving healthcare facilities, and increasing investments to develop enhanced products are expected to fuel global market growth in the coming years.
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The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers. The report also covers a comprehensive analysis of the competitive landscape with extensive profiling of the key competitors. It covers recent technological advancements, product developments, product launches, mergers and acquisitions, collaborations, joint ventures, and partnerships.
Key Companies in the market include:
Mortara Instrument, INC., GE Healthcare (General Electric Company), Mindray Medical International Limited, Medtronic, OPTO Circuits Limited, OSI Systems Fukuda Denshi CO LTD, Philips Healthcare (Koninklijke Philips N.V.), Schiller AG, Spacelabs Healthcare and Nihon Kohden Corporation.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Market segment analysis:
Device Type Outlook (Revenue, USD Billion; 2016-2026)
- Stress ECG
- Holter Monitors
- Wireless Holter Monitors
- Wired Holter Monitors
- Resting ECG
Technology Type Outlook (Revenue, USD Billion; 2016-2026)
- Automatic Diagnosis and Anatomical Detection
- Mobile Cardiac outpatient telemetry (MCT/MCOT)
- Electronic ECG management system
- Smart Wearable ECG Monitors
- Artificial Intelligence
Lead type Outlook (Revenue, USD Billion; 2016-2026)
- Single Lead
- 3-6 Lead
- 12-Lead
Distribution channel Type Outlook (Revenue, USD Billion; 2016-2026)
- Offline
- Online
Application Type Outlook (Revenue, USD Billion; 2016-2026)
- Atrial Fibrillation
- Ventricular Fibrillation
- Myocardial ischemia
- Myocardial infarction
- Hyperkalemia
- Hypokalemia
End-user Outlook (Revenue, USD Billion; 2016-2026)
- Hospitals
- Ambulatory Surgical Centers
- Homecare Settings
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Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Key Features of the Global Electrocardiograph Market Report:
- Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
- Identification and analysis of significant trends and factors driving revenue growth of the market
- Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
- Assessment of each market segment along with their growth trends and market revenue contribution
- Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks
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