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 electrocardiograph ECG market report forecasts the electrocardiograph ECG market size to grow to $11.46 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Electrocardiograph ECG Market Size Forecast
The global electrocardiograph ECG market is expected to grow from $8.03 billion in 2022 to $8.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.74%. 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 global electrocardiograph (ECG) market size is expected to reach $11.46 billion in 2027 at a CAGR of 7.56%.

North America held the largest electrocardiograph ECG market share.

Key Electrocardiograph ECG Market Driver ­– Rise In Cases Of Cardiovascular Diseases
For example, the Centres for Disease Control and Prevention (CDC), a US-based government body, estimates that heart disease will kill approximately 659,000 people in the United States in 2022, accounting for one out of every four deaths. Coronary heart disease, the most common type of heart disease, killed 382,820 persons in 2020. As a result, the rise in cardiovascular disease instances will propel the electrocardiograph (ECG) market ahead.

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Key Electrocardiograph ECG Market Trend – Technological Advancement
To maintain their market position, major players in the electrocardiograph sector are focusing on producing technologically sophisticated products. For example, Royal Philips, a Dutch conglomerate firm, developed an at-home 12-lead electrocardiogram (ECG) solution for use in decentralised clinical studies in January 2022. Using PCA 500 ECG patch data recording technology, clinical trial participants can record data with quality comparable to site-based ECGs at home. The solution’s innovative body-worn patch enables compliant 12-lead ECG insertion and near real-time, highly secure data transfer without the need for frequent site visits, onsite technicians, or home nurses.

Electrocardiograph ECG Market Segment
1) By Product: Holter Monitors, Resting Electrocardiograph (ECG), Stress Electrocardiograph (ECG), Event Recorders, Other Products
2) By Technology: Portable ECG Systems, Wireless ECG Systems
3) By Lead Type: Single Lead ECG, 2 Lead ECG, 3 Lead ECG, 6 Lead ECG, 12-Lead ECG
4) By End User: Hospitals And Clinics, Home Settings And Ambulatory Surgical Centers (ASCs), Other End Users

Electrocardiograph ECG Market Major Players and Strategies
Major players in the electrocardiograph ECG market are Koninklijke Philips N.V., Nihon Kohden Corporation, Schiller AG, AliveCor Inc., Hill-Rom Services Inc., BPL Medical Technologies, Allengers Medical Systems Limited, OSI Systems Inc., Fukuda Denshi Co. Ltd., Innomed Medical Inc., Mindray Bio-Medical Electronics Co. Ltd., Johnson and Johnson, Mortara Instrument Inc., Medtronic PLC, Mindray Medical International Limited, BioTelemetry and GE HealthCare Technologies Inc.

Glebar firm Inc, a machine industry firm based in the United States, bought Everite Machine Products Inc. for an unknown sum in June 2020. Glebar will be better able to deliver ECG solutions to a growing client base as a result of this purchase, as well as expand by offering greater service and support to the Everite customer install base by bringing Glebar’s service and aftermarket capabilities to them. Everite Machine Products Inc is a firm established in the United States that specialises in the production and distribution of electrochemical grinding (ECG) technology.

The Electrocardiograph ECG Global Market Report 2023 covers regional data on electrocardiograph ECG market size, electrocardiograph ECG market trends and drivers, opportunities, strategies, and electrocardiograph ECG market competitor analysis. The countries covered in the electrocardiograph ECG 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 electrocardiograph (ECG) is a medical instrument that records the electrical activity of the heart over time. It is used to record the electrical activity of the heart. Small metal electrodes implanted on the chest, arms, and legs record the electrical activity of the heart.

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