Global Electrocardiogram (ECG) Devices Market to Surpass US$ 6.6 Billion Threshold by 2026 - Coherent Market Insights

Published On : May 27, 2019

Global Electrocardiogram (ECG) Devices Market, by Product Type (Monitoring ECG Systems (Data Monitoring, Event Monitoring, and Cardiovascular Monitoring) and Diagnostic ECG Systems (Rest ECG Systems, Stress ECG Systems, and Holter ECG Systems)), by Technology (Portable ECG Systems and Wireless ECG Systems), by Lead Type (Single Lead ECG, 3-6 Lead ECG, and 12-Lead ECG), by End-user (Hospitals, Homecare Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 4.2 Bn in 2018, and is projected to exhibit a CAGR of 5.8% during the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights. Frequent launch and approval of novel electrocardiogram (ECG) devices and high prevalence of cardiovascular diseases expected to support the global electrocardiogram (ECG) devices market growth in near future.

In May 2019, AliveCor, Inc. received the U.S. Food and Drug Administration (FDA) approval for its new iteration of its KardiaMobile device, the KardiaMobile 6L, the first 6-lead personal electrocardiogram (ECG) device.

High prevalence of cardiovascular diseases in key regions is expected to rise the demand for ECG devices and the drive global electrocardiogram (ECG) devices market growth over the forecast period.

According to the data published by The European Heart Network in 2018, annually, cardiovascular diseases (CVD) cause 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU). According to the same source CVD accounts for 45% of all deaths in Europe and 37% of all deaths in the EU.

According to the data published by American Heart Association, in 2018, cardiovascular disease, listed as the underlying cause of death, accounted for around 836,546 deaths in the U.S.

Browse 31 Market Data Tables and 30 Figures spread through 150 Pages and in-depth TOC on Global Electrocardiogram (ECG) Devices Market by Product Type (Monitoring ECG Systems (Data Monitoring, Event Monitoring, and Cardiovascular Monitoring) and Diagnostic ECG Systems (Rest ECG Systems, Stress ECG Systems, and Holter ECG Systems)), by Technology (Portable ECG Systems, and Wireless ECG Systems), by Lead Type (Single Lead ECG, 3-6 Lead ECG, and 12-Lead ECG), by End-user (Hospitals, Homecare Settings, and Others), and Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2026

To know the latest trends and insights prevalent in the Global Electrocardiogram (ECG) Devices market, click the link below:

https://www.coherentmarketinsights.com/market-insight/electrocardiogram-ecg-devices-market-2657

Key players in the market are involved in strategic collaborations with various organizations for conducting research and developing novel EGC devices.

For instance, in 2018, GE Healthcare and Preventice Solutions Inc. collaborated to provide customers with an extension of the hospital heart station and to expand GE Healthcare ECG services into the home, creating more holistic solution for monitoring ambulatory ECG patients. 

In 2016, AliveCor, Inc., collaborated with Mayo Clinic to identify hidden health signals in humans ECG machine. This learning could unlock information about key factors beyond heart health. Such partnerships and collaborations by key players in the region is expected to support global electrocardiogram (ECG) devices market growth over the forecast period.

Key Takeaways of the Global Electrocardiogram (ECG) Devices Market:

  • The global electrocardiogram (ECG) devices market is expected to exhibit a CAGR of 5.8% during the forecast period (2018–2026), owing to frequent product launches and approvals, and robust pipeline of novel electrocardiogram (ECG) devices
  • North America is expected to hold dominant position in global electrocardiogram (ECG) devices market, owing to high healthcare awareness in people and high affordability of technological advance devices during the forecast period
  • Asia Pacific is expected to be a potential market, owing to increasing ageing population and high rates of cardiovascular diseases in India, China, and Japan
  • Major players operating in the global electrocardiogram (ECG) devices market include Cardiac Insight Inc., Koninklijke Philips N.V., General Electric Company, CardioNet Inc., Mindray Medical International Limited, Spacelabs Healthcare (a subsidiary of OSI Systems Inc.), Schiller AG, Compumed Inc., Nihon Cohden Corporation, and Welch Allyn Inc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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