The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

As per The Business Research Company’s ECG Devices Global Market Report 2023, The global ECG devices market is expected to grow from $5.02 billion in 2022 to $5.5 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The ECG devices market size is expected to grow to $7.89 billion in 2027 at a CAGR of 9.4%.

What was the major driver in the ECG devices market?
The rising prevalence of cardiovascular disorders is likely to drive demand for ECG equipment in the future years. Cardiovascular disease is the main cause of death worldwide and one of the most common health concerns. An electrocardiogram (ECG or EKG) examines the electrical signal from the heart to screen for various cardiac disorders. Electrodes are placed on the chest to capture the electrical signals that cause the heart to beat. Heart disease is the leading cause of death in the United States, accounting for almost 647,000 fatalities per year, according to the Centres for Disease Control and Prevention. As a result, the growing prevalence of cardiovascular disorders such as hypertension, stroke, peripheral artery disease, and ischemic heart disease (IHD) supports the expansion of the ECG devices market.

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What was the key trend in the ECG devices market?
The introduction of improved ECG equipment is influencing the ECG device industry. To enhance their position, major players in the ECG devices sector are focusing on developing technological solutions for ECG devices. For example, AliveCor, a US FDA-cleared personal electrocardiogram (ECG) technology business, will deliver a clinically proven personal ECG device based on KardiaMobile 6L technology in September 2020. This device can record a medical-grade ECG in less than 30 seconds. It’s small enough to fit in your pocket. Users can monitor their heartbeats using their smartphones.

Which was the largest region in the ECG devices market?
North America was the largest region in the ECG devices market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ECG devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Who are the ECG devices market prominent players?
Major players in the ECG devices market are GE Healthcare, Koninklijke Philips N.V., Spacelabs Healthcare, CardioNet Inc., Schiller AG, Nihon Kohden Corporation, Medtronic PLC, OSI Systems, Mindray Medical International Limited, Hill-Rom Holdings Inc., BPL Medical Technologies, and Mortara Instrument Inc.

Key ECG devices market segments
The global ECG devices market is segmented –
1) By Product: Monitoring ECG Systems, Diagnostic ECG Systems
2) By Technology: Portable ECG Systems, Wireless ECG Systems
3) By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG
4) By End User: Hospitals, Homecare Settings, Other End-Users

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The ECG Devices Global Market Report 2023  provides a comprehensive overview on the ECG devices market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Wearable ECG Monitors Global Market Report 2023
Electrocardiograph (ECG) Global Market Report 2023
Electrophysiology Devices And Equipment Global Market Report 2023

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