Westford, USA, Aug. 18, 2023 (GLOBE NEWSWIRE) -- The global Diagnostic Electrocardiograph market size is expected to reach USD 8.79 billion by 2030 and exhibit a CAGR of 5.58% in the forecast period (2023−2030), according to Skyquest's latest research report. The growing prevalence of cardiovascular diseases, increasing geriatric population, advancements in ECG technology, rising awareness about preventive healthcare, integration of ECG systems with smartphones and wearable devices, expanding healthcare infrastructure in developing regions, and the need for accurate and quick diagnosis in emergency settings. Additionally, the trend of remote monitoring and telemedicine is also driving the demand for portable and connected ECG devices, further contributing to the growth of the market.
According to SkyQuest's latest global research of the Diagnostic Electrocardiograph market, increasing adoption of wireless and wearable ECG devices, emergence of AI and machine learning for ECG interpretation, integration of ECG data with electronic health records (EHR) systems, focus on portable and compact ECG equipment, rise of remote monitoring and telemedicine services, growing demand for home-based monitoring solutions, and exploration of cloud-based ECG analysis platforms. Moreover, there is a trend towards personalized medicine approaches using ECG data, and the market is witnessing collaborations between medical device companies and technology firms to enhance ECG technology capabilities.
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- Pages - 270
- Tables - 93
- Figures -76
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A diagnostic electrocardiograph is a device used to record the electrical activity of the heart. It is a non-invasive test that is used to diagnose a variety of heart conditions, including arrhythmias, heart attacks, and heart failure.
Prominent Players in Diagnostic Electrocardiograph Market
- GE Healthcare
- Philips
- Mindray
- Mortara
- Nihon Kohden
- Schiller
- Cardioline
- Welch Allyn
- Bionet
- Edan Instruments
- Holter International
- Fukuda Denshi
- Cardiomed
- Spacelabs Healthcare
- Suzuken
- AliveCor
- CardioQuest
- Compumedics
- CardioDynamics
- American Diagnostics
- Midmark
- CardioCap
- Goldway
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Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Market Size in 2022 | 5.69 Billion |
| 2030 Value Projection | 8.79 Billion |
| CAGR | 5.58% |
| Segments Covered |
Lead Type 12-Lead, 5-Lead, 3-Lead, others |
| Regions Covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
ECG Systems Demand to Grow Substantially in the Forecast Period
ECG systems dominated the global online market as they are commonly used across healthcare facilities, from hospitals to clinics to diagnostic centers. They play a crucial role in routine cardiac assessments, making them a staple in the field of cardiology.
Myocardial Infarction is the Leading Application Segment
In terms of application, myocardial infarction is the leading segment as the cardiovascular diseases, including myocardial infarction (heart attack), remain a leading cause of morbidity and mortality globally. Early detection and accurate diagnosis of heart attacks are critical for timely medical intervention and improved patient outcomes.
North America is the leading Market Due to the Advanced Healthcare Infrastructure
Region-wise, North America is one of the largest growing markets with a huge emphasis on advanced healthcare infrastructure: . The region is often at the forefront of technological innovations in the medical field. This includes the development of advanced ECG technologies and integration with electronic health records (EHR) systems.
A recent report thoroughly analyzes the major players operating within the Diagnostic Electrocardiograph market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Diagnostic Electrocardiograph.
Key Developments in Diagnostic Electrocardiograph Market
- Hill-Rom Holdings, Inc. acquired Welch Allyn, a leading provider of ECG devices. This acquisition will allow Hill-Rom to expand its product portfolio and reach a wider range of customers.
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Key Questions Answered in Diagnostic Electrocardiograph Market Report
- What specific growth drivers will impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
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