2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theECG Monitoring Equipment Market?

The escalation in the prevalence of cardiovascular diseases is anticipated to fuel the expansion of the ECG monitoring equipment market in the future. Cardiovascular diseases (CVD), referring to a variety of disorders impacting the heart and blood vessels such as heart disease, stroke, and hypertension, are on the rise due to factors like unhealthy living habits, poor nutrition, physical inactivity, increasing obesity, older populations, and the heightened occurrence of risk factors like high blood pressure and diabetes. ECG monitoring apparatus aids cardiovascular patients by offering incessant, real-time data on heart functioning, facilitating early identification of abnormalities, prudent intervention, and efficacious management of conditions like arrhythmias, heart failure, and ischemic heart disease. This ultimately enhances patient outcomes and minimizes the risk of serious complications. For example, as per the data disclosed by the British Heart Foundation, a UK-based heart research charity, in September 2024, approximately 7.6 million individuals are suffering from heart and circulatory diseases in the UK, with nearly 4 million males and 3.6 million females afflicted with these disorders. These diseases account for roughly 27% of all casualties in the UK, interpreting to more than 170,000 deaths annually, or about 480 deaths each day, amounting to one death every three minutes. Therefore, the surge in the prevalence of cardiovascular diseases is expected to steer the ECG monitoring equipment market.

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How Has the ECG Monitoring Equipment Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

The market for ECG monitoring devices has seen significant expansion in the past few years. The market, which was worth $4.92 billion in 2024, is expected to increase to $5.29 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.6%. This previous growth can be credited to a surge in demand for early diagnostic procedures, an escalation in the procurement of health insurance plans, an increase in the number of healthcare infrastructures, a heightened demand for wearable and portable ECG devices, and an increased emphasis on individualized healthcare services.

The market size for ECG monitoring equipment is projected to witness hearty expansion in the upcoming years, with an anticipated valuation of $7.01 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 7.3%. The surge during the forecast duration can be ascribed to escalating investments in healthcare, rising elderly population, enhanced understanding of preventive healthcare, growing inclination towards telemedicine, and a rising incidence of cardiovascular diseases. Key trends during this forecast timeline encompass technological progression, telemedicine adoption, wearable ECG monitors, diagnostic tools, and home-based monitoring systems.

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What Key Market Trends and Innovations Are Shaping the Future of theECG Monitoring Equipment Industry?

Primarily, firms in the ECG monitoring equipment market are concentrating on advanced offerings such as reusable ECG patches. These patches increase comfort, durability and continuous monitoring capabilities, consequently optimizing patient compliance and facilitating precise long-term cardiac evaluations. Reusable ECG monitoring equipment characteristically describes devices produced for constant or sporadic heart activity monitoring that can be sanitized, restored, and reused repeatedly. For example, in May 2024, Vivalink, a Canada-based wearable medical device manufacturer, introduced an off-the-shelf ambulatory cardiac monitoring solution. This plug-and-play system is custom-made for remote heart health monitoring in ambulatory environments. Notably, these often encompass reusable ECG patches with extended battery life and comprehensive data storage capacity, mobile applications for non-interrupted real-time data sharing, and clinician gateways for in-depth analysis and flexible reporting. The premier aim is to streamline cardiac monitoring service execution, boost diagnostic accuracy, refine patient results, and reduce operational difficulties and expenses for health providers.

Which Companies Are Leading the Charge in Expanding theECG Monitoring Equipment Market Growth?

Major companies operating in the ECG monitoring equipment market are General Electric Company, Koninklijke Philips N.V., Mindray Medical International Limited, Nihon Kohden Corporation, Spacelabs Healthcare, Welch Allyn Inc., Fukuda Denshi Co. Ltd., iRhythm Technologies Inc., Schiller AG, BPL Medical Technologies Pvt Ltd, AliveCor Inc., Mortara Instrument Inc., Neurosoft Ltd., Allengers Medical Systems Ltd., Opto Circuits (India) Limited, Customed GmbH, Bionet, ACS Diagnostics Inc., Clarity Medical, CORTEX Biophysik GmbH, Norav Medical Ltd.

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How is the Global ECG Monitoring Equipment Market Segemented?

The ECG monitoring equipment market covered in this report is segmented –

1) By Product Type: Resting Electrocardiogram System, Holter Monitor Systems, Stress Electrocardiogram Monitors, Event Monitoring System, Other Product Types

2) By Technology: Wireless, Wired

3) By End User: Hospitals, Ambulatory Care, Other End Users

Subsegments:

1) By Resting Electrocardiogram System: Single-lead ECG Systems, Multi-lead ECG Systems

2) By Holter Monitor Systems: 24-hour Holter Monitors, 48-hour Holter Monitors, 72-hour Holter Monitors

3) By Stress Electrocardiogram Monitors: Treadmill Stress ECG Monitors, Exercise Stress ECG Monitors, Pharmacological Stress ECG Monitors

4) By Event Monitoring System: Wireless Event Monitors, Mobile Event Monitors

5) By Other Product Types: Implantable Loop Recorders (ILR), Wearable ECG Monitors

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Which Geographics are Influencing the Growth of the ECG Monitoring Equipment Market?

North America was the largest region in the ECG monitoring equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ECG monitoring equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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