Global ECG Devices Market 2022 – Market Opportunities And Strategies
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The ECG devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 7%, as per The Business Research Company’s market report!
Read More On The ECG Devices Market Report 2022 – https://www.thebusinessresearchcompany.com/report/ECG-devices-global-market-report
The ECG Devices Market Size In 2022 And Forecast
The global ECG devices market is expected to grow from $4.89 billion in 2020 to $5.43 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. 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, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The ECG devices market is expected to reach $7.26 billion in 2025 at a CAGR of 7.5%.
The ECG devices market consists of sales of ECG devices by entities (organizations, sole traders, and partnerships) that are used to record heart activities through electric signals and are amplified on the ECG monitor.
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Increase In The Incidence Of Cardiovascular Diseases Is Driving The Growth Of The ECG Devices Market
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. Moreover, according to the American Heart Association, 2019, around 121.5 million adults in the USA have some form of cardiovascular disease. 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.
Competitive Landscape And The Regional Analysis Of The ECG Devices Market
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.
The ECG Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ECG devices market.
Launching Advanced ECG Devices – A Key Trend In The ECG Devices Market
Major companies operating in the ECG devices sector are focused on developing technological solutions for ECG devices to strengthen their position.
ECG Devices Market Segmentation By The Business Research Company
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, Others
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