Diagnostic Electrocardiograph (ECG) Market to grow by USD 4.5 Bn; ACS Diagnostics Inc., Allengers Medical Systems Ltd., Ambu AS emerge as key vendors -- Technavio

NEW YORK, Nov. 8, 2022 /PRNewswire/ -- The "Diagnostic Electrocardiograph (ECG) Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 4.5 billion, accelerating at a CAGR of 8.93% during the forecast period. The market is already a mature market in terms of revenue growth. The global diagnostic ECG market has the presence of various established players, which hold major revenue shares of the market. The prominent vendors in the global diagnostic ECG market have a strong geographic presence and a comprehensive range of products for diagnostic ECG. Established vendors mainly focus on the development of technologically advanced products. Vendors are also focusing on acquisitions to expand and strengthen their product offerings and widen their customer base. This is helping them increase their market revenue and establish a strong foothold in the global diagnostic ECG market. Download Free PDF Sample Report

Diagnostic Electrocardiograph (ECG) Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our diagnostic electrocardiograph (ECG) market report covers the following areas:

• Diagnostic Electrocardiograph (ECG) Market Size
• Diagnostic Electrocardiograph (ECG) Market Trends
• Diagnostic Electrocardiograph (ECG) Market Industry Analysis

Diagnostic Electrocardiograph (ECG) Market 2022-2026: Market Dynamics

• Driver: The increased incidence of cardiac diseases is one of the key factors driving the growth of the market. The worldwide prevalence of cardiac diseases is increasing at rapid pace. Hypertension is the most common cause of heart failure and is caused due to a rise in blood pressure in the arteries. It is the most dangerous condition causing serious risk of heart disease or stroke. Also, the rising incidence of diabetes is increasing the prevalence of CVDs globally. The rising prevalence of such chronic conditions is necessitating the need for diagnosis and treatment in order to keep track of the patient's daily medical condition's severity and to keep medical records. In addition, the growing hospitalization of the older population for the treatment of cardiac diseases has increased the need for ECG diagnosis, which is driving the market growth.
• Challenge: Stringent regulatory processes is identified as a major challenge hindering market growth. There is a wide range of regulatory recommendations and testing for diagnostic ECG devices. These include device description, performance testing, in-vitro safety testing, labeling, and other regulatory requirements. Strict product approval processes and safety regulations make it difficult for manufacturers to launch new products in the market.
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Diagnostic Electrocardiograph (ECG) Market 2022-2026: Vendor Analysis

ACS Diagnostics Inc., Allengers Medical Systems Ltd., Ambu AS, Bionet America, BPL Medical Technologies Pvt. Ltd., Cardioline SpA, EDAN Instruments Inc., Fukuda Denshi Co. Ltd., General Electric Co., HILL ROM HOLDINGS Inc., Innomed Medical Inc., Koninklijke Philips NV, Midmark Corp., NEXUS LIFECARE PVT. LTD., Nihon Kohden Corp, Norav Medical, OSI Systems Inc., SCHILLER AG, Shenzhen Mindray BioMedical Electronics Co. Ltd., and VectraCor Inc. are some of the major market participants.

We provide a detailed analysis of around 25 vendors operating in the Diagnostic Electrocardiograph (ECG) Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Diagnostic Electrocardiograph (ECG) Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Diagnostic Electrocardiograph (ECG) Market 2022-2026: Segmentation

The global diagnostic electrocardiograph (ECG) market is segmented as below:

• End-user 
• Hospitals Clinics and Cardiac Care Centers
• Ambulatory Surgical Centers
• Home Setting

The hospitals, clinics, and cardiac centers segment accounted for the largest share of the global diagnostic ECG systems market. Factors such as the increasing number of cardiovascular disease (CVD) cases, the rising number of heart specialty hospitals, and the business strategies adopted by end-users and vendors are fueling the adoption of diagnostic ECG. The segment is also driven by the growing presence of large multi-specialty hospitals and heart specialty hospitals, the availability of reimbursements, and government initiatives to offer diagnostic ECG fees.

• Geography 
• North America
• Europe
• Asia
• Rest Of World (ROW)

North America accounted for the major share of the global diagnostic ECG market. The growth of the diagnostic ECG market in this North America is driven mainly by technological advances and product launches, rapid growth in the number of cardiac specialty centers, and the favorable reimbursement scenario in the region. The increasing number of diagnostic procedures to detect CVDs in hospitals and clinics in North America is also fueling the adoption of diagnostic ECG.

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Diagnostic Electrocardiograph (ECG) Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist diagnostic electrocardiograph (ECG) market growth during the next five years
• Estimation of the diagnostic electrocardiograph (ECG) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the diagnostic electrocardiograph (ECG) market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of diagnostic electrocardiograph (ECG) market vendors

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Table Of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Hospitals clinics and cardiac care centers - Market size and forecast 2021-2026
• Exhibit 28: Chart on Hospitals clinics and cardiac care centers - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Hospitals clinics and cardiac care centers - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Hospitals clinics and cardiac care centers - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Hospitals clinics and cardiac care centers - Year-over-year growth 2021-2026 (%)

• 5.4 Ambulatory surgical centers - Market size and forecast 2021-2026
• Exhibit 32: Chart on Ambulatory surgical centers - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Ambulatory surgical centers - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Ambulatory surgical centers - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Ambulatory surgical centers - Year-over-year growth 2021-2026 (%)

• 5.5 Home setting - Market size and forecast 2021-2026
• Exhibit 36: Chart on Home setting - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Home setting - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Home setting - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Home setting - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user
• Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026
• Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
• Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Germany - Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.9 Canada - Market size and forecast 2021-2026
• Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 China - Market size and forecast 2021-2026
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 ACS Diagnostics Inc.
• Exhibit 89: ACS Diagnostics Inc. - Overview
• Exhibit 90: ACS Diagnostics Inc. - Product / Service
• Exhibit 91: ACS Diagnostics Inc. - Key offerings

• 10.4 Ambu AS
• Exhibit 92: Ambu AS - Overview
• Exhibit 93: Ambu AS - Product / Service
• Exhibit 94: Ambu AS - Key offerings

• 10.5 Bionet America
• Exhibit 95: Bionet America - Overview
• Exhibit 96: Bionet America - Product / Service
• Exhibit 97: Bionet America - Key offerings

• 10.6 BPL Medical Technologies Pvt. Ltd.
• Exhibit 98: BPL Medical Technologies Pvt. Ltd. - Overview
• Exhibit 99: BPL Medical Technologies Pvt. Ltd. - Product / Service
• Exhibit 100: BPL Medical Technologies Pvt. Ltd. - Key offerings

• 10.7 Cardioline SpA
• Exhibit 101: Cardioline SpA - Overview
• Exhibit 102: Cardioline SpA - Product / Service
• Exhibit 103: Cardioline SpA - Key offerings

• 10.8 General Electric Co.
• Exhibit 104: General Electric Co. - Overview
• Exhibit 105: General Electric Co. - Business segments
• Exhibit 106: General Electric Co. - Key news
• Exhibit 107: General Electric Co. - Key offerings
• Exhibit 108: General Electric Co. - Segment focus

• 10.9 HILL ROM HOLDINGS Inc.
• Exhibit 109: HILL ROM HOLDINGS Inc. - Overview
• Exhibit 110: HILL ROM HOLDINGS Inc. - Business segments
• Exhibit 111: HILL ROM HOLDINGS Inc. - Key news
• Exhibit 112: HILL ROM HOLDINGS Inc. - Key offerings
• Exhibit 113: HILL ROM HOLDINGS Inc. - Segment focus

• 10.10 Koninklijke Philips NV
• Exhibit 114: Koninklijke Philips NV - Overview
• Exhibit 115: Koninklijke Philips NV - Business segments
• Exhibit 116: Koninklijke Philips NV - Key news
• Exhibit 117: Koninklijke Philips NV - Key offerings
• Exhibit 118: Koninklijke Philips NV - Segment focus

• 10.11 Nihon Kohden Corp
• Exhibit 119: Nihon Kohden Corp - Overview
• Exhibit 120: Nihon Kohden Corp - Product / Service
• Exhibit 121: Nihon Kohden Corp - Key news
• Exhibit 122: Nihon Kohden Corp - Key offerings

• 10.12 VectraCor Inc.
• Exhibit 123: VectraCor Inc. - Overview
• Exhibit 124: VectraCor Inc. - Product / Service
• Exhibit 125: VectraCor Inc. - Key offerings

11 Appendix

About Us

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 126: Inclusions checklist
• Exhibit 127: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 128: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 129: Research methodology
• Exhibit 130: Validation techniques employed for market sizing
• Exhibit 131: Information sources

• 11.5 List of abbreviations
• Exhibit 132: List of abbreviations

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