The electrocardiogram (ecg) equipment and management system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electrocardiogram (ECG) Equipment And Management System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
electrocardiogram (ECG) equipment and management system market size has
grown strongly in recent years. It will grow from $5.81 billion in 2023
to $6.25 billion in 2024 at a compound annual growth rate (CAGR) of
7.5%. The growth in the historic period can be attributed to growing
healthcare expenditure, a growing aging population, an increase in
diabetes and hypertension, an increasing demand for ambulatory
monitoring devices, growing prevalence of cardiac arrhythmia.
The electrocardiogram (ECG) equipment and management system market size is expected to see strong growth in the next few years. It will grow to $8.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to the rising prevalence of cardiovascular disorders (CVDs), increasing adoption of remote monitoring, increasing prevalence of hypertension, government initiatives and funding, rising number of cardiac patients, and rising demand for efficient cardiac monitoring solutions. Major trends in the forecast period include the development of telemedicine, adoption of remote patient monitoring, integration of ECG systems with EHRs, ongoing innovation and rising demand for cutting-edge cardiac care products, and the introduction of wireless and portable ECG devices.
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Scope Of Electrocardiogram (ECG) Equipment And Management System Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electrocardiogram (ECG) Equipment And Management System Market Overview
Market Drivers -
The
rising prevalence of cardiovascular disorders (CVDs) is expected to
propel the growth of the electrocardiogram (ECG) equipment and
management system market going forward. Cardiovascular disease (CVD) is a
group of disorders that affect the heart and blood vessels, resulting
in heart attacks, strokes, and peripheral vascular disease. The
prevalence of cardiovascular disorders is rising due to unhealthy
dietary habits, increasing obesity rates, and aging populations. The ECG
management system monitors cardiac rhythms, detects ischemia early, and
stores data for long-term chronic condition management, contributing
considerably to better patient outcomes and treatment quality. For
instance, in January 2024, according to a report published by the
American Heart Association, a US-based nonprofit organization focused on
cardiovascular medical research, cardiovascular disease caused 931,578
deaths in the US in 2021. Furthermore, in May 2023, according to the
Centers for Disease Control and Prevention, a US-based governmental
organization, the prevalence of coronary heart disease among adults aged
18 and over was 4.6% in 2020, showing a slight increase to 4.9% in
2021. Therefore, the rising prevalence of cardiovascular disorders
(CVDs) is driving the growth of the electrocardiogram (ECG) equipment
and management system market.
Market Trends -
Major companies
operating in the electrocardiogram (ECG) equipment and management system
market are developing artificial intelligence (AI)-powered portable ECG
systems to offer healthcare providers a clinically validated solution
for quick ECG diagnosis and detection. AI-powered portable ECG systems
are handheld devices that use artificial intelligence (AI) algorithms to
interpret electrocardiogram (ECG) signals and identify abnormalities
that may be difficult for human experts to discover. For instance, in
June 2024, AliveCor Inc., a US-based medical device company, launched
the Food and Drug Administration (FDA)-cleared KAI 12L AI technology and
the Kardia 12L ECG System. KAI 12L AI technology can identify 35
cardiac indications with a smaller leadset. The Kardia 12L ECG System is
an AI-powered, handheld 12-lead electrocardiogram (ECG) system with a
unique single-cable architecture with five electrodes for acquiring
eight high-quality diagnostic bandwidth leads. The Kardia 12L's
portability and ease of use have the potential to spread crucial cardiac
diagnostics to resource-limited areas. It enables healthcare providers
with limited ECG experience to get the correct readings quickly.
The electrocardiogram (ECG) equipment and management system market covered in this report is segmented –
1)
By Type: Holter Monitors, Resting Electrocardiogram (ECG) System,
Stress Electrocardiogram (ECG) Monitors, Event Monitoring Systems,
Electrocardiogram (ECG) Management Systems
2) By Lead Type: Single Lead, 3-6 Lead, 12-Lead
3) By End-User: Hospitals And Clinics, Ambulatory Centers, Other End Users
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Regional Insights -
North
America was the largest region in the electrocardiogram (ECG) equipment
and management system market in 2023. Asia-Pacific is expected to be
the fastest-growing region in the forecast period. The regions covered
in the electrocardiogram (ECG) equipment and management system market
report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
Key Companies -
Major
companies operating in the electrocardiogram (ECG) equipment and
management system market are Koninklijke Philips N.V., GE Healthcare,
Mindray Medical, Hill-Rom Holdings Inc., Nihon Kohden Corporation, Lepu
Medical Technology(Beijing)Co. Ltd., Spacelabs Healthcare, Welch Allyn,
Fukuda Denshi, Edan Instruments Inc., Midmark Corporation, Schiller,
Contec Medical Systems Co. Ltd., Bionet America Inc., Nasiff Associates
Inc., Cardioline, Norav Medical, LUMED srl, Tenko Medical System Corp.,
Cardiac Design Labs, BTL Group
Table of Contents
1. Executive Summary
2. Electrocardiogram (ECG) Equipment And Management System Market Report Structure
3. Electrocardiogram (ECG) Equipment And Management System Market Trends And Strategies
4. Electrocardiogram (ECG) Equipment And Management System Market – Macro Economic Scenario
5. Electrocardiogram (ECG) Equipment And Management System Market Size And Growth
…..
27. Electrocardiogram (ECG) Equipment And Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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