The latest trend in the global ECG devices market is on-demand healthcare delivery. The demand for these services has been increasing exponentially due to the high prevalence of serious health conditions such as heart disease, diabetes, and cancer. As a result, it has led to an increase in the number of diagnostic centers that offer ECG monitoring systems for patients who need continuous monitoring during their hospital stay. In addition, the increasing adoption of wearable technologies among individuals with chronic diseases is also contributing to this growth.
ECG devices are medical equipment used to examine the electrical activity of a person’s heart. ECGs can be performed in three different ways: resting, ambulatory or stress tests. They help doctors diagnose cardiac arrhythmias and other conditions that impact the heart's function. ECG devices are used to measure and record electronic signals from different parts of your heart. The ECG device also records other vital signs such as breathing, blood pressure, and heart rate.
On the basis of type, ECG devices are segmented into ECG resting system, ECG Holter monitoring system, and ECG stress testing system.
The ECG resting system is a medical device used for measuring the electrical activity of the heart. It measures the voltage in electrocardiogram waves to calculate and record cardiac signals, which are then transmitted through an electrode belt that wraps around the chest or abdomen. The ECG monitor can be connected to either leads from electrodes placed on both wrists (the common lead configuration) or one ankle with two electrodes attached together (so-called "extended" unipolar or "bipolar" leads).
The ECG Holter monitoring system is an electrocardiograph that records the heart's electrical activity for a 24-hour period. The patient wears an electric belt around their chest with electrodes attached to it, and then they go about their normal daily activities while wearing the device. This provides more detailed information than if you were simply hooked up to sensors at specific times during exam time in a cardiology office or hospital room. Some people will have this type of test because there are no symptoms but there may be some risk factors such as high blood pressure, smoking, family history of coronary artery disease, etc.
An ECG stress testing system is a device that monitors and records the heart's electrical activity (ECG) to determine how well a person can handle exercise. The machine may be used during the diagnosis of possible cardiac abnormalities, as part of medical fitness evaluation, or for rehabilitation purposes.
The machine consists of electrodes held in place on the chest by straps across the shoulder blades and abdomen with an attached wire connecting these two electrode locations, providing good contact with both sides of the heart. During the test, there are usually three leads monitoring different parts of the heart: one at each side near where it attaches to the spine; another lead overlying just above the left breastbone; and finally, in males, another lead positioned around the genitals.
The wire is attached to the machine which monitors fluctuations in voltage and then displays these changes on a computer monitor. The device prints out an ECG tracing at the end of each test, showing different types of waves that indicate how well your heart is working. These waves are labeled with letters from P (P wave) through T (T wave). The height and shape for each letter indicate what's going on inside your heart during exercise or other activity.
On the basis of application, the global ECG devices market is segmented into hospitals & diagnostic centers, clinics & ambulatory surgical centers, and others.
The use of ECG devices in hospitals is to monitor a patient's heart rate, rhythm, and electrical activity. They are also used to determine if the person has any underlying cardiac problems that may cause sudden death. An electrocardiogram (ECG) records this information by tracing or mapping these electrical signals onto paper or film for a doctor to read later. This helps doctors diagnose an individual with arrhythmias, coronary artery disease, congenital abnormalities, and other chronic medical conditions. ECG resting system is one of the most popular ECG monitoring equipment used in hospitals to monitor electrical activity from the heart. This device typically records data when a patient lies down on a bed for 15 minutes, this information then sent to an electrocardiograph machine (ECG) for analysis.
In diagnostic centers, ECG devices are used for diagnosis purposes. The different types of these systems and their applications vary depending on where the patient is being examined: *ECG Resting System - Used to diagnose arrhythmias in patients who do not have symptoms; *ECG Holter Monitoring System - Used when a person has had a cardiac event and the doctor needs to monitor them for a specified amount of time; *ECG Stress Testing System - Used when someone is suspected of having coronary heart disease.
ECG devices are often used in clinics for the diagnosis of heart problems. Typically, the ECG device is placed on a patient’s chest and connected to an amplifier that amplifies electrical impulses from the heart. The amplified signal is then sent through wires to electrodes that measure different things such as voltage potentials, current flow, or impedance differences. Once these signals have been recorded by the ECG machine they can be reviewed by a physician for indications of possible cardiac disorders like arrhythmia, myocardial infarction (heart attack), coronary artery disease (CAD), etc.,
The use of ECGs in ambulatory surgical centers is geared towards those patients who may have just had a procedure, or need to be monitored for an extended period after their surgery. Doctors can closely monitor the patient and make adjustments if needed. This ensures greater safety as well as better outcomes for the patients. ECG is a medical procedure that records the electrical activity of the heart. ECG devices are used to record and analyze these signals so as to derive information about cardiac rhythm or diagnose diseases like coronary artery disease, arrhythmias, myocardial infarction (heart attack), congestive heart failure, among others. These devices can be used for diagnostic purposes in ambulatory surgical centers by monitoring patients before they undergo surgery.
On the basis of region, the global ECG devices market is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. The North American region accounted for the largest market share in 2018 with over 50% of the global demand due to the increasing number of cardiac surgeries among other factors such as advancements in medical technology.
The ECG devices market is anticipated to grow at a CAGR of 12%, from USD 39 billion in 2020 to USD 61 billion by 2028 on account of improving health care infrastructure coupled with a rising prevalence rate of heart ailments globally. These ECG devices enable doctors to detect abnormal heart rhythms that can lead to life-threatening conditions like arrhythmia or myocardial infarction (heart attack). Moreover, these machines are also used for stress testing which helps diagnose diseases including but not limited to pulmonary embolism, congestive heart failure, and cardiomyopathy.
North America dominated the global ECG devices market with a share of over 50% in 2018 due to advanced treatment technologies coupled with an increasing number of cardiac surgeries among other factors. On account of the high prevalence rate for cardiovascular ailments as compared to the rest of the world region, Europe accounted for more than 33%.
A 2018 study by WHO states that around 192 million people are affected by ischemic heart disease across different regions. The ECG Resting System segment dominates the global ECG devices market accounting for nearly 41% in 2020 followed by the ECG Holter Monitoring System at 34%. This trend can be attributed to increased usage scenarios such as monitoring of heart function and rhythm, monitoring of arrhythmias, and the need for a continuous ECG.
The global ECG devices market is predicted to grow at a CAGR of around 12% during 2020-2028 owing to increasing prevalence rates as well as technological advancements in cardiac care. The North American region dominates this industry with nearly 50% revenue share by 2028 followed by Europe accounting for over 34%.
The Asia Pacific is forecasted to witness the highest growth rate during 2019-2028 given its large population base and growing economy coupled with high demand for diagnostic facilities among other factors. It accounted for more than 18% share in 2018.
The growth factors for the ECG Devices Market are the increasing prevalence of cardiac diseases, an increase in awareness about heart disease, and a rise in healthcare expenditure.
- The increasing incidence of heart disease is anticipated to fuel the demand for ECG devices. In 2017, cardiovascular diseases were estimated to be involved in 17 million deaths across the world and this number will increase significantly over time as people are living longer than before. This has led to an increased need for precise diagnosis that can only be accomplished by using ECG devices.
- Technological advancements such as miniaturization and cost-effectiveness have enabled these devices to suit a variety of applications including stress testing, ambulatory surgery centers, cardiologic clinics among others which have resulted in high growth rates during the forecast period covered. Although they are expensive compared with other diagnostic tools used in hospitals and at-home monitoring, their affordability is expected to grow due to technological advancements.
- Healthcare providers are increasingly adopting the use of ECG devices in order to detect life-threatening abnormalities such as irregular heartbeats, arrhythmia, and ventricular fibrillation which helps them make better treatment decisions for patients which is likely to favorably impact demand over the forecast period covered. In addition, increased awareness about various diseases that can be detected through this device has also led healthcare professionals to adopt more advanced technology for diagnosis purposes thereby boosting market growth rates during the same timeframe.
Up Market Research published a new report titled “ECG Devices Market research report which is segmented by Types (ECG Resting System, ECG Holter Monitoring System, ECG Stress Testing System, Cardiopulmonary Stress Testing System), By Applications (Hospitals, Diagnostic Centre, Clinics, Ambulatory Surgical Centre), By Players/Companies GE (General Electric), Philips, Hill-Rom, Schiller, Nihon Kohden, Mortara Instrument, Spacelabs Healthcare, Fukuda Denshi”. As per the study, the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||ECG Devices Market Research Report|
|By Type||ECG Resting System, ECG Holter Monitoring System, ECG Stress Testing System, Cardiopulmonary Stress Testing System|
|By Application||Hospitals, Diagnostic Centre, Clinics, Ambulatory Surgical Centre|
|By Companies||GE (General Electric), Philips, Hill-Rom, Schiller, Nihon Kohden, Mortara Instrument, Spacelabs Healthcare, Fukuda Denshi|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||247|
|Number of Tables & Figures||173|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type ECG Resting System, ECG Holter Monitoring System, ECG Stress Testing System, Cardiopulmonary Stress Testing System and By Application Hospitals, Diagnostic Centre, Clinics, Ambulatory Surgical Centre.
Some of the companies that are profiled in this report are:
ECG Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the ECG Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the ECG Devices Market Report:
Some other reports from this category!