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The global ECG equipment market is anticipated to expand at a CAGR of 6.34% during the forecast period of 20182026. Preventive health care with escalating cardiovascular disorder diagnoses is one of the primary market drivers for the global electrocardiogram ECG equipment market.
The global ECG market is segmented on the basis of lead type, end users, products and geography. The ECG market by lead type is segmented into the single lead, 36 lead, and 12 lead. The end user application is segmented into hospitals and home/ambulatory carebased. The ECG market by product is further segmented into resting ECG monitoring systems, ECG stress testing system, and Holter monitoring system/event monitoring system. The ECG market by region is segmented in North America, Europe, AsiaPacific and rest of the World. An increase in cardiovascular diseases, cardiac arrests, and other heartrelated problems due to change in lifestyles leads to a rise in the death rate. Rising use of monitoring devices, accelerating geriatric population, remote monitoring of the equipment and several technological advancements, coupled with an increase in global healthcare spending are the major driving factors for this market.
The North America ECG equipment market is likely to dominate the global scene by 2026. North America leads in the global healthcare spending and has witnessed a rise in the numbers of the cardiac and heartrelated patients. The AsiaPacific market is predicted to showcase the fastest rise in CAGR by the end of the forecast period, driven by rising medical tourism and scope for growth and advancement. The growing middleclass economy and a large patient pool have boosted the ECG equipment market growth in this region.
The major players of the Global ECG equipment market are Philips Healthcare, Mortara Instruments, Schiller AG, Schiller AG, GE Healthcare, Spacelabs Healthcare, Science Corp, Welch Allyn, Cardiac Science, and others.NEXT ARTICLE
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