The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ECG devices market report forecasts the ECG devices market size to grow to $7.89 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The ECG Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/ecg-devices-global-market-report

ECG Devices Market Size Forecast
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ECG devices market size is expected to grow to $7.89 billion in 2027 at a CAGR of 9.4%.

North America held the largest ECG devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key ECG Devices Market Driver ­– Increase In Incidence Of Cardiovascular Diseases
According to the Centers for Disease Control and Prevention, heart disease is the major cause of death in the USA, accounting for almost 647,000 deaths per year. Thus, increasing cardiovascular diseases such as hypertensive heart disease, stroke, peripheral artery diseases, and ischemic heart disease (IHD) drives the growth of the ECG devices market.

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Key ECG Devices Market Trend – Launching Advanced ECG Devices
For instance, in September 2020, AliveCor, a US FDA-cleared personal electrocardiogram (ECG) technology company launched a clinically validated personal ECG device based on KardiaMobile 6L technology. In just 30 seconds, individuals can record a medical-grade ECG using this device. It is small enough to slip into a pocket. Users can use their smartphones to monitor their heartbeats.

ECG Devices Market Segment
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

ECG Devices Market Major Players and Strategies
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.

In December 2020, Philips, a Europe-based health technology company, acquired BioTelemetry for $2.8 billion (approx. EUR 2.3 billion). The acquisition of BioTelemetry fits well with Philips’ cardiac care portfolio and its strategy to transform care delivery across the health continuum with integrated solutions. BioTelemetry, Inc. is a U.S.-based company that provides heart monitoring devices.

The ECG Devices Global Market Report 2023 covers regional data on ECG devices market size, ECG devices market trends and drivers, opportunities, strategies, and ECG devices market competitor analysis. The countries covered in the ECG devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

An ECG (electrocardiogram) is a process of recording the signal from the heart to monitor heart function for the detection of any heart health problems. These devices are used for diagnostic purposes.

View More Reports Related To The ECG Devices Market –
Wearable ECG Monitors Global Market Report 2023
Electrophysiology Devices And Equipment Global Market Report 2023
Electronic Design Automation Software Global Market Report 2023

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