ECG Equipment Market Challenges: Regulatory Compliance and Standards

 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.

 

 

Access the ECG Equipment Market Size, Share & Trends Analysis Report By Product, By Lead (Single Lead ECG, 3 Lead ECG, 2 Lead ECG, 6 Lead ECG, 12-Lead ECG), By End Use (Hospitals), By Region, And Segment Forecasts, 2024 - 2030

 

 

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.

 

Key ECG Equipment Company Insights

Some of the key companies in the ECG equipment market include Medtronic, GE Healthcare, Schiller AG, and many others. Organizations are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

 

 

Key ECG Equipment Companies:

The following are the leading companies in the ECG equipment market. These companies collectively hold the largest market share and dictate industry trends.

 

·        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

 

 

Order your free sample copy of “ECG Equipment Market Report 2024 - 2030, published by Grand View Research



Recent Developments

 

·        In February 2024, Thyracore acquires Think Health a key industry player in home ECG services. As a result, Thyrocare has now positioned itself as one of the leading providers of at-home healthcare services in India.

 

·        In January 2024, Omron Healthcare launched a portable ECG AliveCor's KardiaMobile in Italy and France to advance fibrillation awareness and stroke prevention in alignment with its ‘Going for zero’ vision.

 

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
Email:  sales@grandviewresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Drug Addiction - Pipeline Review, H1 2017 Market Overview and trends research report

Radiant insights, inc latest Pharmaceutical and Healthcare disease pipeline guide Drug Addiction - Pipeline Review, H1 2017, provides an overview of the Drug Addiction (Central Nervous System) pipeline landscape. Drug addiction, also called substance dependence or chemical dependency, is a disease that is characterized by a destructive pattern of drug abuse that leads to significant problems involving tolerance to or withdrawal from the substance. Drug addiction symptoms or behaviors include recurrent drug use that results in a lack of meeting important obligations at work, school, or home, inability to sleep, awake at unusual times, unusual laziness, loss of or increased in appetite, changes in eating habits, cold, sweaty palms; shaking hands., red, watery eyes; pupils larger or smaller than usual and unusual smells on breath, body or clothes. Report Highlights Radiant insights, inc Pharmaceutical and Healthcare latest pipeline guide Drug Addiction - Pipeline Review, H1 2017, p...
Read more

All Countries Dialyzer Industry 2013-2028 - Market Size, Share, Outlook, Growth, Key Players and Forecast

The global Dialyzer market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Dialyzer from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Dialyzer market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-dialyzer-market/request-sample Leading players of Dialyzer including: • Fresenius Medical Care • Baxter • Nipro • Asahi Kasei • Toray • B.Braun • Nikkiso • Medtronic • Kawasumi • Medica • Wego • Lengthen • Peony Medical • Chengdu OCI • Bain Medical Equipment Market split by Type, can be divided into: • Flat Type Dialyzer • Coil Tube Dialyzer • Ho...
Read more

Insights into the Medical Waste Disposal Category: A Comprehensive Procurement Intelligence Report

  Medical Waste Disposal Category Overview The medical waste disposal category is anticipated to grow at a CAGR of 6.0% from 2023 to 2030. Appropriate disposal of medical trash is the key challenge for healthcare providers across the globe. Rising awareness about the benefits of proper medical waste management for treatment, recycling, and disposal of medical trash has boosted the growth of the category. According to the World Health Organization Study Report 2022, countries with low income generate over 0.2 kg of medical trash per day per hospital bed, whereas countries with high income generate hazardous waste of up to 0.5 kg per hospital bed each day. Moreover, rising government initiatives and strict rules and regulations for waste management are also expected to drive the category. For instance, in December 2022, an MOU was signed between the Center for Health Environment Research and Development and Can Tho Central General Hospital under USAID’s Reducing Pollution Project. T...
Read more