ECG Equipment Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
- Single User License (1 Users) $ 3,200
- Team License (2~5 Users) $ 4,200
- Corporate License (>5 Users) $ 5,200
Introduction
ECG equipment, encompassing resting, Holter, stress, event, and mobile telemetry systems, is vital for diagnosing cardiovascular diseases (CVDs), which cause 17.9 million deaths annually. The market is fueled by rising CVD risk factors like hypertension (1.3 billion cases) and diabetes (600 million cases), alongside aging populations and telehealth growth. Innovations like portable devices and AI algorithms enhance detection. The global market is projected to reach between USD 5.3 billion and USD 8.8 billion in 2025, with a CAGR of 6.3% to 8.4% through 2030.
Regional Analysis
North America: The U.S. leads with high CVD rates, while Canada focuses on telehealth.
Europe: Germany, France, and the UK drive demand due to advanced diagnostics.
Asia Pacific: China and India see growth from rising chronic diseases, while Japan emphasizes elderly care.
Rest of the World: Brazil expands cardiac care, and the Middle East invests in monitoring tech.
Application Analysis
Hospitals: Expected growth of 6.4%-8.5%, driven by acute care. Trends focus on integration.
Ambulatory Surgical Centers: Projected growth of 6.2%-8.3%, linked to outpatient diagnostics. Developments emphasize portability.
Others: Anticipated growth of 6.1%-8.2%, covering home care. Advances prioritize accessibility.
Type Analysis
Resting ECG Systems: Expected growth of 6.3%-8.4%, valued for routine use. Trends highlight cloud connectivity.
Holter Monitoring Systems: Projected growth of 6.4%-8.5%, key for long-term tracking. Advances focus on wearability.
Stress ECG Monitors: Anticipated growth of 6.2%-8.3%, suited for exercise tests. Innovations emphasize accuracy.
Event Monitoring Systems: Expected growth of 6.5%-8.6%, driven by arrhythmia detection. Trends lean toward AI.
Mobile Cardiac Telemetry Systems: Projected growth of 6.6%-8.7%, key for real-time data. Advances focus on mobility.
Key Market Players
Leading firms include GE HealthCare, offering advanced ECGs; Philips, launching cloud-based systems; Nihon Kohden Corporation, enhancing diagnostics; Schiller, focusing on portability; Shenzhen Mindray, scaling solutions; Medtronic, supporting cardiac care; Hill-Rom Services (Baxter), boosting telemetry; AliveCor, innovating in wearables; Spacelabs Healthcare, targeting monitoring; and Johnson & Johnson, advancing tech.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to tech and regulatory barriers, though wearable innovators can enter.
Threat of Substitutes: Low, as ECGs are essential for CVD diagnosis with no direct alternatives.
Bargaining Power of Buyers: Moderate, with facilities seeking reliable, cost-effective devices, though clinical needs limit options.
Bargaining Power of Suppliers: Low, with multiple component providers.
Competitive Rivalry: High, with competition on AI, portability, and connectivity.
Market Opportunities and Challenges
Opportunities:
CVDs (17.9 million deaths) and risk factors (1.3 billion hypertension cases) drive demand.
Aging populations (2.1 billion over 60 by 2050) boost needs, while
AI and telehealth enhance adoption. Wearable trends increase usage.
Challenges:
High costs of advanced devices limit access in low-income regions.
Regulatory delays for AI tech slow growth.
Data privacy concerns pose barriers.
Market News
In February 2024, Thyrocare acquired Think Health, enhancing home ECG services in India.
In January 2024, Omron launched AliveCor’s KardiaMobile in Italy and France.
In December 2021, Baxter completed the acquisition of Hillrom.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Ecg Equipment Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Ecg Equipment Market in North America (2020-2030)
8.1 Ecg Equipment Market Size
8.2 Ecg Equipment Market by End Use
8.3 Competition by Players/Suppliers
8.4 Ecg Equipment Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Ecg Equipment Market in South America (2020-2030)
9.1 Ecg Equipment Market Size
9.2 Ecg Equipment Market by End Use
9.3 Competition by Players/Suppliers
9.4 Ecg Equipment Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Ecg Equipment Market in Asia & Pacific (2020-2030)
10.1 Ecg Equipment Market Size
10.2 Ecg Equipment Market by End Use
10.3 Competition by Players/Suppliers
10.4 Ecg Equipment Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southest Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Ecg Equipment Market in Europe (2020-2030)
11.1 Ecg Equipment Market Size
11.2 Ecg Equipment Market by End Use
11.3 Competition by Players/Suppliers
11.4 Ecg Equipment Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Ecg Equipment Market in MEA (2020-2030)
12.1 Ecg Equipment Market Size
12.2 Ecg Equipment Market by End Use
12.3 Competition by Players/Suppliers
12.4 Ecg Equipment Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Ecg Equipment Market (2020-2025)
13.1 Ecg Equipment Market Size
13.2 Ecg Equipment Market by End Use
13.3 Competition by Players/Suppliers
13.4 Ecg Equipment Market Size by Type
Chapter 14 Global Ecg Equipment Market Forecast (2025-2030)
14.1 Ecg Equipment Market Size Forecast
14.2 Ecg Equipment Application Forecast
14.3 Competition by Players/Suppliers
14.4 Ecg Equipment Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 GE HealthCare
15.1.1 Company Profile
15.1.2 Main Business and ECG Equipment Information
15.1.3 SWOT Analysis of GE HealthCare
15.1.4 GE HealthCare ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Philips
15.2.1 Company Profile
15.2.2 Main Business and ECG Equipment Information
15.2.3 SWOT Analysis of Philips
15.2.4 Philips ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Nihon Kohden Corporation
15.3.1 Company Profile
15.3.2 Main Business and ECG Equipment Information
15.3.3 SWOT Analysis of Nihon Kohden Corporation
15.3.4 Nihon Kohden Corporation ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Schiller
15.4.1 Company Profile
15.4.2 Main Business and ECG Equipment Information
15.4.3 SWOT Analysis of Schiller
15.4.4 Schiller ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Shenzhen Mindray Bio-Medical Electronics
15.5.1 Company Profile
15.5.2 Main Business and ECG Equipment Information
15.5.3 SWOT Analysis of Shenzhen Mindray Bio-Medical Electronics
15.5.4 Shenzhen Mindray Bio-Medical Electronics ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Medtronic
15.6.1 Company Profile
15.6.2 Main Business and ECG Equipment Information
15.6.3 SWOT Analysis of Medtronic
15.6.4 Medtronic ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Hill-Rom Services(Baxter)
15.7.1 Company Profile
15.7.2 Main Business and ECG Equipment Information
15.7.3 SWOT Analysis of Hill-Rom Services(Baxter)
15.7.4 Hill-Rom Services(Baxter) ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 AliveCor
15.8.1 Company Profile
15.8.2 Main Business and ECG Equipment Information
15.8.3 SWOT Analysis of AliveCor
15.8.4 AliveCor ECG Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope Of Ecg Equipment Report
Table Data Sources Of Ecg Equipment Report
Table Major Assumptions Of Ecg Equipment Report
Table Ecg Equipment Classification
Table Ecg Equipment Applications
Table Drivers Of Ecg Equipment Market
Table Restraints Of Ecg Equipment Market
Table Opportunities Of Ecg Equipment Market
Table Threats Of Ecg Equipment Market
Table Raw Materials Suppliers
Table Different Production Methods Of Ecg Equipment
Table Cost Structure Analysis Of Ecg Equipment
Table Key End Users
Table Latest News Of Ecg Equipment Market
Table Merger And Acquisition
Table Planned/Future Project Of Ecg Equipment Market
Table Policy Of Ecg Equipment Market
Table 2020-2030 North America Ecg Equipment Market Size
Table 2020-2030 North America Ecg Equipment Market Size By Application
Table 2020-2025 North America Ecg Equipment Key Players Revenue
Table 2020-2025 North America Ecg Equipment Key Players Market Share
Table 2020-2030 North America Ecg Equipment Market Size By Type
Table 2020-2030 United States Ecg Equipment Market Size
Table 2020-2030 Canada Ecg Equipment Market Size
Table 2020-2030 Mexico Ecg Equipment Market Size
Table 2020-2030 South America Ecg Equipment Market Size
Table 2020-2030 South America Ecg Equipment Market Size By Application
Table 2020-2025 South America Ecg Equipment Key Players Revenue
Table 2020-2025 South America Ecg Equipment Key Players Market Share
Table 2020-2030 South America Ecg Equipment Market Size By Type
Table 2020-2030 Brazil Ecg Equipment Market Size
Table 2020-2030 Argentina Ecg Equipment Market Size
Table 2020-2030 Chile Ecg Equipment Market Size
Table 2020-2030 Peru Ecg Equipment Market Size
Table 2020-2030 Asia & Pacific Ecg Equipment Market Size
Table 2020-2030 Asia & Pacific Ecg Equipment Market Size By Application
Table 2020-2025 Asia & Pacific Ecg Equipment Key Players Revenue
Table 2020-2025 Asia & Pacific Ecg Equipment Key Players Market Share
Table 2020-2030 Asia & Pacific Ecg Equipment Market Size By Type
Table 2020-2030 China Ecg Equipment Market Size
Table 2020-2030 India Ecg Equipment Market Size
Table 2020-2030 Japan Ecg Equipment Market Size
Table 2020-2030 South Korea Ecg Equipment Market Size
Table 2020-2030 Southeast Asia Ecg Equipment Market Size
Table 2020-2030 Australia Ecg Equipment Market Size
Table 2020-2030 Europe Ecg Equipment Market Size
Table 2020-2030 Europe Ecg Equipment Market Size By Application
Table 2020-2025 Europe Ecg Equipment Key Players Revenue
Table 2020-2025 Europe Ecg Equipment Key Players Market Share
Table 2020-2030 Europe Ecg Equipment Market Size By Type
Table 2020-2030 Germany Ecg Equipment Market Size
Table 2020-2030 France Ecg Equipment Market Size
Table 2020-2030 United Kingdom Ecg Equipment Market Size
Table 2020-2030 Italy Ecg Equipment Market Size
Table 2020-2030 Spain Ecg Equipment Market Size
Table 2020-2030 Belgium Ecg Equipment Market Size
Table 2020-2030 Netherlands Ecg Equipment Market Size
Table 2020-2030 Austria Ecg Equipment Market Size
Table 2020-2030 Poland Ecg Equipment Market Size
Table 2020-2030 Russia Ecg Equipment Market Size
Table 2020-2030 Mea Ecg Equipment Market Size
Table 2020-2030 Mea Ecg Equipment Market Size By Application
Table 2020-2025 Mea Ecg Equipment Key Players Revenue
Table 2020-2025 Mea Ecg Equipment Key Players Market Share
Table 2020-2030 Mea Ecg Equipment Market Size By Type
Table 2020-2030 Egypt Ecg Equipment Market Size
Table 2020-2030 Israel Ecg Equipment Market Size
Table 2020-2030 South Africa Ecg Equipment Market Size
Table 2020-2030 Gulf Cooperation Council Countries Ecg Equipment Market Size
Table 2020-2030 Turkey Ecg Equipment Market Size
Table 2020-2025 Global Ecg Equipment Market Size By Region
Table 2020-2025 Global Ecg Equipment Market Size Share By Region
Table 2020-2025 Global Ecg Equipment Market Size By Application
Table 2020-2025 Global Ecg Equipment Market Share By Application
Table 2020-2025 Global Ecg Equipment Key Vendors Revenue
Table 2020-2025 Global Ecg Equipment Key Vendors Market Share
Table 2020-2025 Global Ecg Equipment Market Size By Type
Table 2020-2025 Global Ecg Equipment Market Share By Type
Table 2025-2030 Global Ecg Equipment Market Size By Region
Table 2025-2030 Global Ecg Equipment Market Size Share By Region
Table 2025-2030 Global Ecg Equipment Market Size By Application
Table 2025-2030 Global Ecg Equipment Market Share By Application
Table 2025-2030 Global Ecg Equipment Key Vendors Revenue
Table 2025-2030 Global Ecg Equipment Key Vendors Market Share
Table 2025-2030 Global Ecg Equipment Market Size By Type
Table 2025-2030 Ecg Equipment Global Market Share By Type
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Ecg Equipment Picture
Figure 2020-2030 North America Ecg Equipment Market Size And Cagr
Figure 2020-2030 South America Ecg Equipment Market Size And Cagr
Figure 2020-2030 Asia & Pacific Ecg Equipment Market Size And Cagr
Figure 2020-2030 Europe Ecg Equipment Market Size And Cagr
Figure 2020-2030 Mea Ecg Equipment Market Size And Cagr
Figure 2020-2025 Global Ecg Equipment Market Size And Growth Rate
Figure 2025-2030 Global Ecg Equipment Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |