New York, United States , Nov. 28, 2023 (GLOBE NEWSWIRE) -- The Global Diagnostic Electrocardiograph (ECG) Market Size is to Grow from USD 7.56 Billion in 2022 to USD 13.88 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.3% during the projected period.
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The global diagnostic electrocardiograph (ECG) market encompasses a wide range of medical devices and systems used to record and interpret electrical activity in the heart. ECG, also known as EKG, is an electrocardiogram used to diagnose various heart conditions in cardiology and healthcare. This market has a wide variety of ECG devices, ranging from traditional bedside machines to portable and wireless monitors that allow continuous heart monitoring. The global diagnostic ECG market is being driven by factors such as the rising prevalence of cardiovascular diseases, an aging population, advancements in ECG technology, and rising demand for point-of-care diagnostics. As the world becomes more health-conscious and medical technologies continue to evolve, the global diagnostic ECG market is poised to experience ongoing innovation and expansion, playing a critical role in cardiovascular disease management and preventive healthcare. ECG equipment, especially advanced and feature-rich models, can be expensive to buy. This is a barrier for healthcare facilities with limited budgets, especially in resource-constrained regions, and may slow ECG technology adoption.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on "Global Diagnostic Electrocardiograph (ECG) Market Size, Share, and COVID-19 Impact Analysis, By Product (Resting ECG, Stress, Mobile Cardiac Telemetry Device, Implantable Loop Recorder), By Lead Type (12-lead, 6-lead, 5- lead), By End User (Hospitals, Clinics, and Cardiac Centers, Ambulatory Surgical Centers, Other End Users), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032”.
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The Resting ECG segment is expected to hold the largest share of the global diagnostic electrocardiograph (ECG) market during the forecast period.
The global diagnostic electrocardiograph (ECG) market is segmented by product into Resting ECG, Stress, Mobile Cardiac Telemetry Device, and Implantable Loop Recorder. The Resting ECG segment is projected to account for the majority of the global diagnostic electrocardiograph (ECG) market during the forecast period. Resting ECG devices are widely used in hospitals, clinics, and ambulatory care centers for routine cardiac assessments. A resting ECG is the most common type of ECG procedure, which involves recording the electrical activity of the heart while the patient is at rest. It is usually performed in a clinical setting and helps detect various cardiac abnormalities such as arrhythmias, ischemia, and structural problems.
The 12-lead segment dominated the largest share of the global diagnostic electrocardiograph (ECG) market in 2022.
The global diagnostic electrocardiograph (ECG) market is segmented into 12 lead, 6 lead, and 5 lead. In 2022, the 12-lead segment held the largest share of the global diagnostic electrocardiograph (ECG) market. The 12-lead ECG is a standard tool in hospitals, clinics, and emergency rooms due to its ability to provide a comprehensive assessment of the heart's health. A 12-lead ECG is the most comprehensive and widely used configuration. It entails placing ten electrodes on the patient's limbs and chest to collect electrical signals from 12 different angles.
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North America is anticipated to hold the largest share of the global diagnostic electrocardiograph (ECG) market over the predicted timeframe.
North America, which includes the United States and Canada, regulates an important share of the global ECG market. This is because of well-developed healthcare systems, high healthcare spending, and the prevalence of cardiovascular diseases. Adoption of advanced ECG technologies is aided by technological advancements as well as a growing emphasis on preventive healthcare.
During the forecast period, Asia Pacific is projected to expand at the fastest rate in the global diagnostic electrocardiograph (ECG) market. The Asia-Pacific region, which includes China, India, Japan, and South Korea, is experiencing rapid growth in the ECG market. Increased healthcare investments, increased cardiovascular disease awareness, and a large population base all contribute to growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Diagnostic Electrocardiograph (ECG) Market include GE HealthCare, Koninklijke Philips N.V., Nihon Kohden Corporation, OSI Systems, Inc., Hill-Rom Holdings, Inc. (Baxter International Inc.), Schiller AG, Spacelabs Healthcare, AliveCor, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., BPL Medical Technologies, ACS Diagnostics, Allengers, and Others.
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Recent Market Developments
In April 2022, Deep Cardio and GE Healthcare have agreed to collaborate on the development of AI-based ECG diagnostic technology and an ECG data analysis program.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Diagnostic Electrocardiograph (ECG) Market based on the below-mentioned segments:
Global Diagnostic Electrocardiograph (ECG) Market, By Material
- Composites
- Alloys & Superalloys
- Metals
Global Diagnostic Electrocardiograph (ECG) Market, By Aircraft Type
- Commercial Aviation
- Business & General Aviation
- Military Aviation
- UAVs
- AAM
Global Diagnostic Electrocardiograph (ECG) Market, By End User
- OEM
- Aftermarket
Global Diagnostic Electrocardiograph (ECG) Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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