ECG Devices Market Growth Is Driven By Increase In Cardiovascular Diseases

ECG Devices Global Market Report 2021 : COVID-19 Growth And Change

ECG Devices Market Report 2021 : COVID-19 Growth And Change

The Business Research Company’s ECG Devices Global Market Report 2021 : COVID-19 Growth And Change

LONDON, GREATER LONDON , UK, August 26, 2021 / — Cardiovascular disease is one of the most common of all health problems and the leading cause of death globally. To check for various cardiac diseases, an electrocardiogram (ECG or EKG) measures the electrical signal from the heart. Electrodes are set on the chest to record the electrical signals sent by the heart, which cause it to beat. 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.

The global ECG devices market size 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 growth in the ECG devices market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ECG market is expected to reach $7.26 billion in 2025 at a CAGR of 7.5%. 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.

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Major players in the ECG devices industry 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 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. The devices are used to diagnose various types of heart diseases and arrhythmias in a person’s body, therefore, assist the relevant therapy. The ECG devices market consists of revenue generated by the companies manufacturing the ECG devices.

The main types of products in the ECG devices market are monitoring ECG systems and diagnostic ECG systems. Monitoring ECG systems record the electrical signal of the heart to check for different heart conditions. The different lead types include single-lead ECG, 3-6 lead ECG, 12-Lead ECG and uses different technologies such as portable ECG systems, wireless ECG systems. It is implemented in various sectors such as hospitals, home care settings, and others.

ECG Devices Global Market Report 2021 – By Product (Monitoring ECG Systems, Diagnostic ECG Systems), By Technology (Portable ECG Systems, Wireless ECG Systems), By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG), By End User (Hospitals, Homecare Settings, Others), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides ECG devices market overview, forecast ECG devices market size and growth for the whole market, ECG devices market segments, and geographies, ECG devices market trends, ECG devices market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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