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Electrocardiograph Market

Global Electrocardiograph (ECG) Market Size, Share & Trends Analysis Report, By Product Type (Rest ECG Systems, Stress ECG Systems, and Holter Monitors), By Technology (Portable ECG Machines and Wireless ECG Machines), By End-User (Hospitals & Clinics, Ambulatory Facilities, and Others), and Forecast 2019-2025

Published: Oct 2019 | Report Code: | Category : Medical Devices | Delivery Format: /

The global ECG market is expected to grow at a CAGR of 6.0% during the forecast period. Electrocardiograph (ECG) is a non-invasive medical test that tracks the electrical activities of the heartbeat over a period of time. According to WHO, cardiovascular diseases are among the major cause of mortality across the globe. Among all global mortalities, 31% of them are caused due to CVDs. To observe various information regarding heart problems and activities, ECG is performed. Increasing incidences of CVDs and lifestyle-oriented diseases such as hypertensive heart disease, stroke, ischemic heart disease (IHD), and peripheral artery diseases, is expected to fuel the growth of ECG industry.

Moreover, increasing population pool with aged people increase the demand for ECG machines as this population pool is at increased risk of heart-related diseases. In addition, continuous advancement in ECG technologies along with the introduction of remote monitoring devices is further expected to catalyze the growth of the global ECG market. Emerging economies are expected to witness significant growth in the market during the forecast period as the market in developed nations is almost at the saturation stage. Further, favorable government policies in order to improve healthcare infrastructure also contribute to the growth of the market in developing countries.

Segmental Outlook

The global ECG market is segmented on the basis of product type, technology, lead type, and end-user. Based on the product type, the market is segmented into rest ECG systems, stress ECG systems, and Holter monitors. Based on the technology, the market is bifurcated into portable ECG machines and wireless ECG machines. Further, on the basis of lead type, the market is segmented into single-lead ECG, 3-6 lead ECG and 12 lead ECG. And, based on the end-user, the market is segmented into hospitals & clinics, ambulatory facilities, and others.

Global ECG Market, by Product Type 2018 (%)

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Product Insights: Holter Monitor to Exhibit strong Growth During the Forecast Period
Based on the product type, the Holter monitors are expected to grow at a significant rate during the forecast period. This is attributed to the fact that the Holter ECG monitors are the most common type of ambulatory monitoring of ECG which has led to the high utilization of Holter ECG monitors for the detection of various cardiovascular diseases. Furthermore, the introduction of wireless Holter monitors is also projected to enhance the segmental growth of the market. 

Regional Outlook

Based on geography, the global ECG market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to hold a significant share in the global market. This is attributed to the increased incidences of cardiac diseases owing to the increasing aging population, increasing usage of remote monitoring devices, and rapid technological advancements. Moreover, high adoption rate of new technology is anticipated to fuel the market growth in the North American region for ECG devices. Furthermore, presence of large manufacturers is also expected to positively affect the market growth in the near future. Asia-Pacific and European regions are also expected to hold a considerable share in the ECG market during the forecast period. 

Global ECG Market Growth by Region 2019-2025

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Market Players Outlook

The prominent players functioning in the global ECG market include GE Healthcare (General Electric Company), Johnson and Johnson, Phillips Healthcare (Koninklijke Philips NV), Mindray Medical International Ltd., Schiller AG, and Nihon Kohden Corp., among others. Continuous contribution to the market has been made by the players by adopting various market strategies and approaches, which include product launch and approvals, merger and acquisition, partnerships and collaborations, and others for gaining a strong position and expanding their offerings in the ECG market. 

Recent Developments

  • In January 2019, Johnson & Johnson entered into a research study in partnership with Apple Inc. for investigating whether a new heart health program using an app from Johnson & Johnson in combination with Apple Watch’s irregular rhythm notifications and ECG app can accelerate the diagnosis and improve health outcomes of the people living with atrial fibrillation (AFib) across the globe.
  • In January 2019, Omron Healthcare launched highly anticipated HeartGuide; the first wearable blood pressure monitors and previewing Complete; the first personal blood pressure monitor with EKG capability in a single device in the US. With this, the company is aiming at strengthening its customer base in the US market.
  • In July 2018, Qardio, Inc., received the approval from Australia’s Therapeutic Goods Administration (TGA) for its revolutionary ECG monitor, QardioCore.

The Report Covers

    • Market value data analysis of 2018 and forecast to 2025.
    • Annualized market revenues ($ million) for each market segment.
      • Country-wise analysis of major geographical regions.
      • Key companies operating in the global ECG market. Based on the availability of data, information related to products, and relevant news is also available in the report.
      • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
      • Analysis of market-entry and market expansion strategies.
      • Competitive strategies by identifying ‘who-stands-where’ in the market.



      1. Report Summary

      1.1. Research Methods and Tools

      1.2. Market Breakdown

      1.2.1. By Segments

      1.2.2. By Geography

      2. Market Overview and Insights

      2.1. Scope of the Report

      2.2. Analyst Insight & Current Market Trends

      2.2.1. Key Findings

      2.2.2. Recommendations

      2.2.3. Conclusion

      2.3. Rules & Regulations

      3. Competitive Landscape

      3.1. Company Share Analysis

      3.2. Key Strategy Analysis

      3.3. Key Company Analysis

      3.3.1. Koninklijke Phillips NV

      3.3.1.1. Overview

      3.3.1.2. Financial Analysis 

      3.3.1.3. SWOT Analysis

      3.3.1.4. Recent Developments

      3.3.2. Nihon Kohden Corp.

      3.3.2.1. Overview

      3.3.2.2. Financial Analysis 

      3.3.2.3. SWOT Analysis

      3.3.2.4. Recent Developments

      3.3.3. Schiller AG

      3.3.3.1. Overview

      3.3.3.2. Financial Analysis 

      3.3.3.3. SWOT Analysis

      3.3.3.4. Recent Developments

      3.3.4. General Electric Co.

      3.3.4.1. Overview

      3.3.4.2. Financial Analysis 

      3.3.4.3. SWOT Analysis

      3.3.4.4. Recent Developments

      3.3.5. Johnson & Johnson Services, Inc.

      3.3.5.1. Overview

      3.3.5.2. Financial Analysis 

      3.3.5.3. SWOT Analysis

      3.3.5.4. Recent Developments

      4. Market Determinants

      4.1. Motivators

      4.2. Restraints

      4.3. Opportunities

      5. Market Segmentation

      5.1. Global ECG Market by Product Type

      5.1.1. Rest ECG Systems

      5.1.2. Stress ECG Systems

      5.1.3. Holter Monitors

      5.2. Global ECG Market by Technology

      5.2.1. Portable ECG Machines

      5.2.2. Wireless ECG Machines

      5.3. Global ECG Market by Lead Type

      5.3.1. Single Lead ECG

      5.3.2. 3-6 Lead ECG

      5.3.3. 12 Lead ECG

      5.4. Global ECG Market by End-User

      5.4.1. Hospitals & Clinics

      5.4.2. Ambulatory Facilities

      5.4.3. Others

      6. Regional Analysis

      6.1. North America

      6.1.1. US

      6.1.2. Canada

      6.2. Europe

      6.2.1. UK

      6.2.2. Germany

      6.2.3. Italy

      6.2.4. Spain

      6.2.5. France

      6.2.6. Rest of Europe 

      6.3. Asia-Pacific

      6.3.1. China

      6.3.2. India

      6.3.3. Japan

      6.3.4. Rest of Asia-Pacific 

      6.4. Rest of the World

      7. Company Profiles

      7.1. Allengers Medical Systems Ltd.

      7.2. AliveCor Inc.

      7.3. Bionet, Co. Ltd.

      7.4. BioTelemetry Inc.

      7.5. Cardiac Science Corp.

      7.6. Cardioline S.P.A

      7.7. CardioNet, Inc.

      7.8. Custo Med GmbH

      7.9. Eccosur SA

      7.10. Edutek Instrumentation

      7.11. General Electric Co.

      7.12. Johnson and Johnson Services Inc.

      7.13. Koninklijke Philips NV

      7.14. Midmark Corp.

      7.15. Mindray Medical International Co. Ltd.

      7.16. Nexus Lifecare Pvt. Ltd.

      7.17. Nihon Kohden Corp.

      7.18. Omron Corp.

      7.19. Qardio Inc.

      7.20. SCHILLER AG

      7.21. Spacelabs Healthcare, Inc.


      1. GLOBAL ECG MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

      2. GLOBAL REST ECG SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      3. GLOBAL STRESS ECG SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      4. GLOBAL HOLTER MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      5. GLOBAL ECG MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

      6. GLOBAL PORTABLE ECG MACHINES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      7. GLOBAL WIRELESS ECG MACHINES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      8. GLOBAL ECG MARKET RESEARCH AND ANALYSIS BY LEAD TYPE, 2018-2025 ($ MILLION)

      9. GLOBAL SINGLE LEAD ECG MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      10. GLOBAL 3-6 LEAD ECG MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      11. GLOBAL 12 LEAD ECG MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      12. GLOBAL ECG MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

      13. GLOBAL ECG IN HOSPITALS & CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      14. GLOBAL ECG IN AMBULATORY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      15. GLOBAL ECG IN OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

      16. GLOBAL ECG MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

      17. NORTH AMERICAN ECG MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

      18. NORTH AMERICAN ECG MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

      19. NORTH AMERICAN ECG MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

      20. NORTH AMERICAN ECG MARKET RESEARCH AND ANALYSIS BY LEAD TYPE, 2018-2025 ($ MILLION)

      21. NORTH AMERICAN ECG MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

      22. EUROPEAN ECG MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

      23. EUROPEAN ECG MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

      24. EUROPEAN ECG MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

      25. EUROPEAN ECG MARKET RESEARCH AND ANALYSIS BY LEAD TYPE, 2018-2025 ($ MILLION)

      26. EUROPEAN ECG MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

      27. ASIA-PACIFIC ECG MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

      28. ASIA-PACIFIC ECG MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

      29. ASIA-PACIFIC ECG MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

      30. ASIA-PACIFIC ECG MARKET RESEARCH AND ANALYSIS BY LEAD TYPE, 2018-2025 ($ MILLION)

      31. ASIA-PACIFIC ECG MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

      32. REST OF THE WORLD ECG MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)

      33. REST OF THE WORLD ECG MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

      34. REST OF THE WORLD ECG MARKET RESEARCH AND ANALYSIS BY LEAD TYPE, 2018-2025 ($ MILLION)

      35. REST OF THE WORLD ECG MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)


      1. GLOBAL ECG MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)

      2. GLOBAL ECG MARKET SHARE BY TECHNOLOGY, 2018 VS 2025 (%)

      3. GLOBAL ECG MARKET SHARE BY LEAD TYPE, 2018 VS 2025 (%)

      4. GLOBAL ECG MARKET SHARE BY END-USER, 2018 VS 2025 (%)

      5. GLOBAL ECG MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

      6. US ECG MARKET SIZE, 2018-2025 ($ MILLION)

      7. CANADA ECG MARKET SIZE, 2018-2025 ($ MILLION)

      8. UK ECG MARKET SIZE, 2018-2025 ($ MILLION)

      9. FRANCE ECG MARKET SIZE, 2018-2025 ($ MILLION)

      10. GERMANY ECG MARKET SIZE, 2018-2025 ($ MILLION)

      11. ITALY ECG MARKET SIZE, 2018-2025 ($ MILLION)

      12. SPAIN ECG MARKET SIZE, 2018-2025 ($ MILLION)

      13. ROE ECG MARKET SIZE, 2018-2025 ($ MILLION)

      14. INDIA ECG MARKET SIZE, 2018-2025 ($ MILLION)

      15. CHINA ECG MARKET SIZE, 2018-2025 ($ MILLION)

      16. JAPAN ECG MARKET SIZE, 2018-2025 ($ MILLION)

      17. REST OF ASIA-PACIFIC ECG MARKET SIZE, 2018-2025 ($ MILLION)

      18. REST OF THE WORLD ECG MARKET SIZE, 2018-2025 ($ MILLION)


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