Global Single Lead ECG Equipment Market by End Use (Hospitals & Clinics, Homecare, ASCs), by Indication (Syncope, Arrhythmia) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2017, the global single-lead ECG market was worth USD 337.08 millions. The market is expected to grow at a rate of 4.72% over the forecast period. These devices will be more popular if single-lead technology is used to monitor heart rate during exercise, sport activities, and training.

These devices will continue to grow in popularity due to the shift towards personalized health monitoring solutions. The market is also being driven by the rise of single-lead ECG monitoring devices that are mobile-based and smartphone-based.

Many entities have also integrated smartphone interoperability and ECG monitoring devices to offer users immediate and easy access to ECG waveforms. These practices can improve patient outcomes for cardiovascular disease treatment. These technological advances are expected to drive the market's growth over the forecast period.

Other than this, government initiatives that support remote monitoring equipment will likely encourage technological advancement in single-lead ECG/EKG technology. In the future, however, the market will be hindered by insecure reimbursement policies for cardiology services, particularly in developing countries.

In order to attract customer attention and encourage adoption, market participants participate in product enhancements. There are many issues to be faced, including the need for information management systems that allow results to be shared directly with doctors for consultation and interpretation. Initiatives based on customer-centricity will likely reduce such problems.

Indication Insights

The rising prevalence of cardiovascular diseases is driving the demand for single-lead ECG/EKG units. The American Heart Association estimates that more than 4,000,000 patients suffer from arrhythmias, which causes about half a million deaths annually in the U.S.

The continuous research and development has resulted in the creation of single-lead ECG units that can be used to diagnose arrhythmias, syncope or monitor for potential cardiovascular problems. For instance, HeartScan ECG Monitor, manufactured by Omron Corporation can be used by patients suffering from diabetes, hypertension, hypercholesterolemia, and obesity to assess CVD risks.

These devices are now much easier to use thanks to cloud-based storage and artificial intelligence technology. These devices can reduce the need for clinic visits and the cost of monitoring. They also allow for a quick and accurate diagnosis. This allows patients to be monitored for presyncope or intermittent giddiness, which can then be used to determine if a pacemaker is needed before the onset of syncope.

End-use Insights

The forecast period will see a significant increase in the usage of smartphones and tablets to access health-related apps. This is expected to lead to a boom in revenue for portable single-lead ECG devices for home and ambulatory services. Promotion of final products is encouraged through various social and health awareness platforms in order to increase product adoption.

This technology's cost-effectiveness will be a major advantage in home healthcare settings. These devices are primarily used to provide rhythm information and timing information. The prescription rate is reduced by certain limitations, such as inability to provide heart functions.

Regional Insights

Due to the ongoing development in-home as well as ambulatory healthcare in the region, North America dominated 2017's global single-lead ECG market. This region also has a high rate of mortality due to cardiovascular disease, which drives up demand for home-use technology.

Asia Pacific will likely experience the fastest growth over the forecast period. The primary growth drivers for the region include emerging economies, growing use of wearable technology, improving infrastructure, and the presence in the target market.

Collaborations with the government are a key factor in India's growth. These collaborations aim to improve healthcare infrastructure and offer advanced primary care services. The market is expected to grow due to customers' increasing preference for mobile phone-associate devices.

Market Share Analysis for Single Lead ECG Equipment

Market leaders are actively involved in the introduction of new algorithms and products. Dimetek Digital Medical Technologies, Ltd., AliveCor, Inc., Tianjin Choice Electronic Tech Co., Ltd.; Perlong Medical Equipment Co., Limited. Ambisea Technology Corp., Ltd., SUZU.K.EN CO., Limited. (KENZ); Inc., Eurocamina, Longfian Scitech Co. Limited. DailyCare BioMedical, Inc., OMRON Corporation, Zenicor Medical Systems.

To increase product credibility, companies have taken several steps to conduct clinical studies. Market entities also work to generate evidence that will allow them to gain CE and FDA approval in the United States. This will help increase their market share. External competition to this technology are 12 portable ECG devices that can be used to monitor heart rate, and these are expected to hinder the growth.

Single Lead ECG Equipment Market Report Scope

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the country and regional levels, as well as an analysis of industry trends for each sub-segment from 2014 to 2025. Grand View Research has divided the global single-lead ECG equipment market report by indication, region, and end-use.

• Indication Outlook (Revenue USD Million, 2014-2025)

  • Syncope

  • Arrhythmia

    • Atrial Fibrillation (AF)

    • Tachycardia

    • Bradycardia

  • Other Indications

• End-Use Outlook (Revenue USD Million, 2014-2025)

  • Hospitals & Clinics

  • Home-care

  • Ambulatory Surgical Centers

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

  • MEA

    • South Africa

These are the most frequently asked questions about this report

b. Global single-lead ECG market size was USD 374.3 Million in 2019, and is forecast to grow to USD 393.1 Million in 2020.

b. Global single-lead ECG market to reach USD 487.6 millions by 2025 is expected to grow at 4.7% compound annual growth rate from 2018 to 2025.

b. With a market share of 42.4%, North America dominated single-lead ECG device markets in 2019, This can be attributed to the ongoing development in home and ambulatory healthcare in the region.

b. Dimetek Digital Medical Technologies, Ltd., AliveCor, Inc., Tianjin Choice Electronic Tech Co., Ltd., Perlong Medical Equipment Co., Limited, Ambisea Technology Corp., Ltd., SUZU.K.EN CO., Limited. (KENZ); Inc., Eurocamina, Longfian Scitech Co. Limited, DailyCare BioMedical, Inc., OMRON Corporation, Zenicor Medical Systems.

b. The market is driven by two key factors: growing popularity of homecare and shifting preference for cardiac assessment towards self–triaging before opting for complicated systems for analysis. This has led to the emergence of single-lead ECG monitors that can be used with smart phones and mobile devices.

Up Market Research published a new report titled “Single Lead ECG Equipment Market research report which is segmented by End Use (Hospitals & Clinics, Homecare, ASCs), by Indication (Syncope, Arrhythmia), By Players/Companies Inc, Limited (KENZ); Inc; Eurocamina; Longfian Scitech Co Limited; DailyCare BioMedical, Ltd; SUZUKEN CO, Zenicor Medical Systems, Dimetek Digital Medical Technologies, Limited; Ambisea Technology Corp, Ltd); Perlong Medical Equipment Co, Inc; Tianjin Chase Sun Pharmaceutical Group (Beijing Choice Electronic Tech Co, Ltd; AliveCor, OMRON Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

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.

Global Single Lead ECG Equipment Market Report Segments:

The market is segmented by End Use (Hospitals & Clinics, Homecare, ASCs), by Indication (Syncope, Arrhythmia).

Single Lead ECG Equipment 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:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Single Lead ECG Equipment Market

Overview of the regional outlook of the Single Lead ECG Equipment Market:

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.

Highlights of The Single Lead ECG Equipment Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Single Lead ECG Equipment Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Hospitals & Clinics

                2. Homecare

                3. ASCs

                1. Syncope

                2. Arrhythmia

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Single Lead ECG Equipment 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.

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Reasons to Purchase the Single Lead ECG Equipment Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.