ECG Equipment Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)
Publication ⇒Dec-23 Delivery Time ⇒ 5-7 Business Days Report Code ⇒PBCHC243-10M-OT
License Type (Price in USD)
ECG Equipment Market – Report Overview
Pacific Business Consulting’s “ECG Equipment Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of ECG Equipment, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.
The ECG equipment market, valued at US$ 6.8 Billion in 2022, is poised to witness a compound annual growth rate (CAGR) exceeding 6% from 2023 to 2030. Several factors contribute to this growth, including the increased incidence of cardiovascular diseases, a substantial geriatric population, technological advancements, and the introduction of new products aimed at delivering clear, quick, safe, and reliable results. The market is further propelled by favorable regulatory policies, heightened investments by market players in early detection of cardiovascular diseases, and strategic mergers and acquisitions. An example is GE Healthcare’s announcement of the acquisition of Caption Health, Inc., specializing in AI-based healthcare systems, which is expected to enhance GE Healthcare’s business.
Primary drivers of the ECG equipment market share include the global rise in cardiovascular illnesses and technological advancements in ECG machines. The market’s expansion is notably fueled by the growing geriatric population and the increased prevalence of cardiovascular diseases associated with aging. The World Health Organization (WHO) reports a significant increase in the global population aged 60 years and over, reaching 1.4 billion in 2022 and projected to reach 1.5 billion by 2050. Favorable regulations regarding monitoring devices are being implemented in response to this demographic shift.
Increasing awareness of the value of early diagnosis and monitoring of health disorders has led to a growing emphasis on preventive healthcare. ECG devices, with their ability to identify potential problems before they become severe, play a crucial role in heart health monitoring. The healthcare industry has witnessed a surge in the use of fitness trackers and wearable technology, contributing to the growing adoption of wearable ECG equipment for routine health monitoring by consumers.
Early detection and treatment of cardiovascular abnormalities are essential in preventing heart failure, and ECG testing, being a common, painless, and non-invasive procedure, is widely used for assessing heart function. The demand for ECG equipment is driven by the increasing awareness of preventive healthcare measures.
Key players in the ECG equipment market include GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Hill-Rom Services, Inc., NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., BioTelemetry, Inc., CompuMed, Inc., Schiller AG, CardioComm Solutions, Inc., and McKesson Corporation. These companies are instrumental in driving innovation and advancements in the ECG equipment market, contributing to its sustained growth.
Scope of Report
The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the ECG Equipment market. It also delves into the analysis of present and prospective market competition within the global ECG Equipment market.
Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.
Reasons to Buy
- Develop your business strategies by gaining insights into the trends that shape and drive the ECG Equipment market across the 10MM (Ten Major Markets).
- Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM ECG Equipment market.
- Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
- Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
- Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
- Executive Summary: ECG Equipment
- Global Market Outlook: ECG Equipment
- Competitive Intelligence Analysis: ECG Equipment
- Therapeutic Sector SWOT
- Technology Roadmap Analysis: ECG Equipment
- Market Background
- Drivers
- Restraints
- Opportunity
- Key Market Trends
- Key Unmet Needs
- Key Marketed Products Profile – Major Approved Products: ECG Equipment
- Product Profile
- Safety and Efficacy
- Regulatory Landscape
- ECG Equipment: Ten Major Market (10MM) – Market Analysis, By Product
- ECG Monitoring System
- ECG Holter Monitoring System
- ECG Stress Testing System
- ECG Event Monitoring Systems
- ECG Equipment: Ten Major Market (10MM) – Market Analysis, By Modality
- Wired
- Wireless
- ECG Equipment: Ten Major Market (10MM) – Market Analysis, By End User
- Hospitals
- Ambulatory Surgical Centers
- Other End Users
- ECG Equipment: Ten Major Market (10MM) – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- S. ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- K. ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- Germany ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- France ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- Italy ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- Spain ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- Japan ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- China ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- Australia ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- India ECG Equipment – Market Analysis
- Historical Market Analysis (US$ million), 2020-2022
- By Product
- By Modality
- By End User
- Current and Future Market Projections (US$ million), 2023-2030
- By Product
- By Modality
- By End User
- Historical Market Analysis (US$ million), 2020-2022
- Competitive Landscape
- Company Overview
- Product Portfolio
- Key Financials
- Sales Footprint
Note – All Major Company Profiles (Count up to 20) will be covered in the report
- Assumptions and Acronyms Used
- Research Methodology
- Secondary Research
- Primary Research
- Data Triangulation
- Geographic Scope
- The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
- Copyrights and Disclaimer
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