Diagnostic Electrocardiograph (ECG) Market

Diagnostic Electrocardiograph (DECG) Market: Introduction

• Presently, the demand for electrocardiograph devices has risen due to their accuracy and precision in the diagnosis of chronic diseases such as cardiovascular disorders. An electrocardiograph is a non-invasive diagnostic device used to measure the electrical activity of the heart and diagnose the problems related to the heart’s electrical activity. Electrocardiograph is performed for several cardiovascular indications including myocardial infarction, cardiac murmur, and cardiac stress testing.
• Diagnostic electrocardiograph is a non-invasive device. Every heartbeat produces an electrical impulse that is captured with the help of electrodes placed on the body of a patient and provides signal information about it

Key Drivers and Restraints of Global Diagnostic Electrocardiograph (DECG) Market

• Continuous increase in incidence of cardiovascular and lifestyle-related diseases, including ischemic heart disease, stroke, peripheral artery and hypertensive heart disease leading to rise in in the mortality rate because of heart failure is a major factor driving the global market
• Cardiovascular diseases is a leading cause of death in India. Increase in geriatric population, developing health care infrastructure, rise in government funding, technological advancements in the field of medical sciences, and large number of corporates investing in R&D are the other factors projected to fuel the growth of the global market.

• Lack of awareness among people about the use of electrograph for the diagnosis of cardiovascular diseases and shortage of skilled personnel for the operation of electrograph devices are the major factors anticipated to hamper the growth of the global diagnostic electrocardiograph (DECG) market.

Implantable Loop Recorders to Lead Global Diagnostic Electrocardiograph (DECG) Market

• In terms of product type, the global diagnostic electrocardiograph (DECG) market can be classified into resting ECG devices, stress ECG devices, Holter monitors, implantable loop recorders (ILRs), event monitors, MCT devices, and smart ECG monitors
• The implantable loop recorders segment is expected to dominate the global market due to quick and enhanced diagnostic feature compared to other alternative short & longer-term monitoring modalities and cost-effectiveness

3-lead ECG Segment to Dominate Global Diagnostic Electrocardiograph (DECG) Market

• Based on lead type, the global diagnostic electrocardiograph (DECG) market can be categorized into 12-lead, 5-lead, 3-lead, 6-lead, single-lead, and others
• The 3-lead ECG segment is likely to dominate the global market because of their use with other cardiac diagnostic tests, telemetry monitoring, and in medical procedures such as emergencies, cardiac diagnostic tests, and heart disease management.

Hospitals Segment to Witness Strong Growth

• In terms of end-user, the global diagnostic electrocardiograph (DECG) market can be divided into hospitals, cardiac centers & clinics, ambulatory surgical centers, and others
• The hospitals segment dominated the global diagnostic electrocardiograph (DECG) market in 2020 due to increase in number of cardiovascular cases and facilities provided by hospitals to patients such as screening tests, isolation wards, and other health care facilities and infrastructure.

North America to Dominate Global Diagnostic Electrocardiograph (DECG) Market

• In terms of region, the global diagnostic electrocardiograph (DECG) market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America accounted for the largest share of the global diagnostic electrocardiograph (DECG) market in 2020, followed by Europe. Increase in incidence and rise in prevalence of cardiovascular and lifestyle-related diseases, well-established health care infrastructure, technological advancements, and surge in research & development along with increase in funding by government and large corporates are attributed to North America's large market share.

Key Players Operating in Global Diagnostic Electrocardiograph (DECG) Market

The global diagnostic electrocardiograph (DECG) market was highly fragmented in 2020. Key players operating in the global market are:

• GE Healthcare
• Nihon Kohden Corporation
• Koninklijke Philips
• Medtronic
• Hill-Rom Holdings
• SCHILLER
• BioTelemetry, Inc.
• BPL Medical Technologies
• ACS Diagnostics
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd
• Ambu A/S
• Allengers Medical Systems, Ltd.

Global Diagnostic Electrocardiograph (DECG) Market: Research Scope

Global Diagnostic Electrocardiograph (DECG) Market, by Product Type

• Resting ECG Devices
• Stress ECG Devices
• Holter Monitors
• Implantable Loop Recorders
• Event Monitors
• MCT Devices
• Smart ECG Monitors

Global Diagnostic Electrocardiograph (DECG) Market, by Lead Type

• 12-lead
• 5-lead
• 3-lead
• 6-lead
• Single-lead
• Others

Global Diagnostic Electrocardiograph (DECG) Market, by End-user

• Hospitals
• Cardiac Centers & Clinics
• Ambulatory Surgical Centers
• Others

Global Diagnostic Electrocardiograph (DECG) Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa