ECG Equipment Market Size To Reach $13.94 Billion By 2030

ECG Equipment Market Growth & Trends

The global ECG equipment market is expected to reach USD 13.94 billion by 2030, exhibiting a CAGR of 7.2% from 2024 to 2030, according to a new report by Grand View Research Inc. The rising incidences of cardiovascular disorders and government initiatives to make people aware about health check-ups are expected to boost market growth. In addition, the change in the medical preference from acute intervention to preventive care is expected to increase the demand for more accurate and cost-effective methods for heart monitoring.

According to the WHO, in 2012, around 17.5 million people died due to cardiovascular diseases. This is due to the late diagnosis and absence of early symptoms as the patient fails to keep record of his vital signs.

Owing to the increasing incidences, government is undertaking various awareness programs. According to the American Heart Association (AHA), 56% women identified heart disease as a leading cause of death in 2012 as compared to 30% in 1997.

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ECG Equipment Market Report Highlights

• Resting ECG systems products dominated the market and accounted for a share of 40.7% in 2023. These devices are widely employed in managing cardiovascular disease due to their cost-effectiveness, space-efficient design, and user-friendly nature.

• 6-Lead ECG accounted for the largest market revenue share of 32.05% in 2023. This growth is driven by its advanced features, including the capability to interpret data on cardiac health issues and its effectiveness in managing and diagnosing heart rhythm abnormalities, particularly in detecting atrial fibrillation and tachycardia.

• The hospitals segment dominated the market in 2023. This dominance is largely due to the improved facilities available for patient care.

• North America ECG equipment market dominated the market in 2023. Rising cases of cardiovascular diseases with enhanced healthcare infrastructure and technological advancement are factors behind the growth of the market in the region.

ECG Equipment Market Segmentation

Grand View Research has segmented the global ECG equipment market on the basis of product, lead, end use, and region:

ECG Equipment Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Resting ECG Systems

• Holter Monitoring Systems

• Stress ECG Monitors

• Event Monitoring Systems

• Mobile Cardiac Telemetry Systems

ECG Equipment Lead Outlook (Revenue, USD Billion, 2018 - 2030)

• Single Lead ECG

• 3 Lead ECG

• 2 Lead ECG

• 6 Lead ECG

• 12-Lead ECG

ECG Equipment End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Hospital

• Ambulatory Surgical Centers

• Others

ECG Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

  • Kuwait

List of Key Players of ECG Equipment Market

• Medtronic

• Johnson & Johnson Services, Inc.

• GE HealthCare

• Koninklijke Philips N.V.

• Schiller AG

• Spacelabs Healthcare

• AliveCor, Inc.

• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

• ACS Diagnostics.

• Allengers

• Hill-Rom Services, Inc.  (Baxter)

• NIHON KOHDEN CORPORATION