The rising incidences of cardiovascular disorders and government initiatives to make people aware about health check-ups are expected to boost market growth.
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ECG Equipment Market Analysis, Size, Share, Growth To 2022 by Grand View Research, Inc.
1. ECG Equipment Market Size To Reach $6.3 Billion By 2022
The global ECG equipment market is expected to reach USD 6.3 billion by 2022, according to a
new report by Grand View Research Inc. The rising incidences of cardiovascular disorders and
government initiatives to make people aware about health check-ups are expected to boost
market growth. In addition, the change in the medical preference from acute intervention to
preventive care is expected to increase the demand for more accurate and cost-effective methods
for heart monitoring.
According to the WHO, in 2012, around 17.5 million people died due to cardiovascular diseases.
This is due to the late diagnosis and absence of early symptoms as the patient fails to keep record
of his vital signs.
Owing to the increasing incidences, government is undertaking various awareness programs.
According to the American Heart Association (AHA), 56% women identified heart disease as a
leading cause of death in 2012 as compared to 30% in 1997.
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2. U.S. ECG equipment market, by product, 2012 - 2022 (USD Million)
Table of Content
Chapter 1. Methodology and Scope
1.1. Research methodology
1.2. Research scope & assumption
1.3. List of data sources
Chapter 2. Executive Summary
2.1. ECG Equipment - Industry Summary and Key Buying Criteria, 2012 - 2022
Chapter 3. ECG Equipment Industry Outlook
3.1. ECG equipment market segmentation
3.2. ECG equipment market size and growth prospects, 2012-2022
3.3. ECG equipment market dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Key opportunities prioritized
3.5. Industry analysis - Porter's
3.6. ECG equipment company market share, 2014
3.7. ECG equipment market PESTEL analysis, 2014
3. Chapter 4. ECG Equipment Types Outlook
4.1. ECG equipment market share by types, 2014 & 2022
4.2. ECG monitoring equipment market estimates and forecasts, 2012 – 2022 (USD
Million)
4.3. Holter monitoring systems market estimates and forecasts, 2012 – 2022 (USD
Million)
4.4. ECG stress testing systems market estimates and forecasts, 2012 – 2022 (USD
Million)
4.5. Event monitoring systems market estimates and forecasts, 2012 – 2022 (USD
Million)
Chapter 5. ECG Equipment Regional Outlook
5.1. North America
5.1.1. North America market, by types, 2012 – 2022 (USD Million)
5.1.1.1. U.S. market estimates and forecasts
5.1.1.2. Canada market estimates and forecasts
5.2. Europe
5.2.1. Europe market, by types, 2012 – 2022 (USD Million)
5.2.1.1. UK market estimates and forecasts
5.2.1.2. Germany market estimates and forecasts
5.2.1.3. France market estimates and forecasts
5.2.1.4. Italy market estimates and forecasts
5.2.1.5. Spain market estimates and forecasts
5.3. Asia Pacific
5.3.1. Asia Pacific market, by types, 2012 – 2022 (USD Million)
5.3.1.1. India market estimates and forecasts
5.3.1.2. China market estimates and forecasts
5.3.1.3. Japan market estimates and forecasts
5.4. RoW
5.4.1. RoW market, by types, 2012 – 2022 (USD Million)
5.4.1.1. Australia market estimates and forecasts
5.4.1.2. Brazil market estimates and forecasts
Chapter 6. Competitive Landscape
6.1. GE Healthcare
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. Philips Healthcare
4. 6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. Schiller AG
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. Nihon Kohden
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. CardioComm Solutions, Inc.
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. Johnson & Johnson
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
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equipment-market
List of Tables
1. ECG Equipment – Industry Snapshot
2. ECG Equipment Market, by Types, 2012 - 2022 (USD million)
3. ECG Equipment Market, by Region, 2012 - 2022 (USD million)
4. ECG Equipment Market – Key Market Drivers Analysis
5. ECG Equipment Market – Key Market Restraints Analysis
6. North America ECG Equipment Market, by Types, 2012 - 2022 (USD million)
7. U.S. ECG Equipment Market, by Types, 2012 - 2022 (USD million)
8. Canada ECG Equipment Market, by Types, 2012 - 2022 (USD million)
9. Europe ECG Equipment Market, by Types, 2012 - 2022 (USD million)
5. 10. UK ECG Equipment Market, by Types, 2012 - 2022 (USD million)
11. France ECG Equipment Market, by Types, 2012 - 2022 (USD million)
12. Germany ECG Equipment Market, by Types, 2012 - 2022 (USD million)
13. Italy ECG Equipment Market, by Types, 2012 - 2022 (USD million)
14. Spain ECG Equipment Market, by Types, 2012 - 2022 (USD million)
15. Asia Pacific ECG Equipment Market, by Types, 2012 - 2022 (USD million)
16. Japan ECG Equipment Market, by Types, 2012 - 2022 (USD million)
17. China ECG Equipment Market, by Types, 2012 - 2022 (USD million)
18. India ECG Equipment Market, by Types, 2012 - 2022 (USD million)
19. RoW ECG Equipment Market, by Types, 2012 - 2022 (USD million)
20. Australia ECG Equipment Market, by Types, 2012 - 2022 (USD million)
21. Brazil ECG Equipment Market, by Types, 2012 - 2022 (USD million)
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List of Figures
1. ECG Equipment Market Segmentation
2. Global ECG Equipment Market Revenue, 2012 - 2022
3. ECG Equipment Market Dynamics
4. Key Opportunities Prioritized
5. ECG Equipment Market Analysis - Porter's
6. ECG Equipment Market Analysis – PESTEL Analysis
7. Global ECG Equipment Market , By Types, 2012 2022 (USD Million)
8. ECG Monitoring Equipment Market, 2012 2022 (USD Million)
9. Holter Monitoring Systems Market, 2012 2022 (USD Million)
10. ECG Stress Testing Systems Market, 2012 2022 (USD Million)
11. Event Monitoring Systems Market, 2012 2022 (USD Million)
12. Global ECG Equipment Market, By Region 2012 to 2022 (USD million)
13. North America Market, by Types 2012 to 2022 (USD million)
14. U.S. Market, by Types 2012 to 2022 (USD million)
15. Canada Market, by Types 2012 to 2022 (USD million)
16. Europe Market, by Types 2012 to 2022 (USD million)
17. UK Market, by Types 2012 to 2022 (USD million)
18. France Market, by Types 2012 to 2022 (USD million)
19. Germany Market, by Types 2012 to 2022 (USD million)
20. Italy Market, by Types 2012 to 2022 (USD million)
21. Spain Market, by Types 2012 to 2022 (USD million)
22. Asia Pacific Market, by Types 2012 to 2022 (USD million)
23. Japan Market, by Types 2012 to 2022 (USD million)
24. China Market, by Types 2012 to 2022 (USD million)
6. 25. India Market, by Types 2012 to 2022 (USD million)
26. RoW Market, by Types 2012 to 2022 (USD million)
27. Australia Market, by Types 2012 to 2022 (USD million)
28. Brazil Market, by Types 2012 to 2022 (USD million)
Further key findings from the report suggest:
ECG monitoring equipment has high future growth potential owing to changing trend
towards preventive care and new product innovation with data integration. In February
2014, Medtronic launched its FDA approved Reveal LINQ. The upgraded version of
Reveal XT offers patient heart monitoring for three years with 20% more data memory
than its previous version.
ECG stress testing systems is one of the dominating segments of the market. The growing
need for flexible stress systems and comprehensive data management is driving the
market for this segment. Quinton 9500 series from Cardiac Science portable system
allows physicians to optimize the examination space and enables more data integrations.
Holter monitoring systems is another segment, which is expected to gain significant
market share over the forecast period due to the fact that the system assists in identifying
arrhythmias that takes place during certain activities such as exercise, stress, bowel
movements, sleep, eating, and stress
2M Engineering Ltd. launched the VitaMove 2S ExG movement and ECG-recorder,
which is equipped with 3-lead ECG holter, that combines daily activities with heart rate
events/trends, ECG, and derivatives such as Heart Rate Variability (HRV)
North America dominated the market in 2014 and is expected to grow at a CAGR of
5.8% over the forecast period. With major industry players situated in North America, the
innovations and upgrading rates are higher as compared to other regions. In August 2015,
InfoBionic along with Safeguard Scientists raised USD 8 million to commercialize
Mome Kardia. Mome Kardia is a remote patient monitoring system based on the cloud
technology that could be worn around the neck.
Asia Pacific is expected to witness substantial growth during the forecast period owing to
the rising incidence rate of heart diseases and growing manufacturing outsourcing in the
region
According to the Government of India, the prevalence of heart failure in the nation due to
hypertension, obesity, coronary heart disease, obesity, rheumatic heart disease, diabetes
ranges from 1.3 to 4.6 million and an annual incidence rate of 491,600 to 1.8 million
As per a report published by the Associated Chambers of Commerce and Industry of
India (ASSOCHAM), people have adopted unhealthy lifestyles along with increasing
stress levels, decreasing physical activity, tobacco smoking, and increasing consumption
of saturated fats
7. Industry players are constantly fueling the market with newer technologies or upgrading
existing technology. In May 2015, CardioComm Solutions, Inc. launched HeartCheck
PEN. This Bluetooth wireless connectivity pen could be connected for data acquisition
with Android and Apple smartphones.
Apart from technology innovations, many industry players are expanding their global
presence by signing distribution agreements with domestic distributors. In October 2015,
iNeedMD Holdings, Inc. signed a distribution agreement with Clifton Africa Ltd. This
one-year distribution agreement is worth USD 1.5 million.
Key players of the ECG equipment market include Medtronic, GE Healthcare, Philips
Healthcare, Schiller AG, Nihon Kohden, CardioComm Solutions, Inc., and Johnson &
Johnson.
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Grand View Research has segmented the global ECG equipments market on the basis of product
type and region:
ECG equipment type outlook (Revenue, USD Million, 2012 – 2022)
ECG Monitoring Equipment
Holter Monitoring Systems
Event Monitoring Systems
ECG Stress Testing Systems
ECG equipment regional outlook (Revenue, USD Million, 2012 – 2022)
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Asia Pacific
Japan
China
India
RoW
8. Australia
Brazil
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-
shelf, customized research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and energy. With a deep-
seated understanding of varied business environments, Grand View Research provides strategic
objective insights.
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