ECG Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

An ECG or electrocardiography equipment is used to perform ECG procedures to monitor and record the heart's electrical activity. ECG is a diagnostic tool used to perform an invasive procedure that helps to indicates heart-related diseases. ECG equipment consists of several leads connected to the human chest, legs, and arms to operate. These equipment are portable and smaller and require high-performance processing power, precision filtering, and integrated high-resolution graphics control, separated from the primary microcontroller device.

MARKET SCOPE

The "Global ECG Equipment Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ECG equipment market with detailed market segmentation by product, end user, and geography. The report provides key statistics on the market status of the leading ECG equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global ECG equipment market is segmented into holter monitors, stress ECG systems, resting ECG systems, others.
  
•   Based on end user, the market is segmented into hospitals, and cardiac centers, ambulatory surgical centers, others.
  

MARKET DYNAMICS

Drivers:

•   Increasing rate of heart diseases and growing geriatric population
  
•   Promising government regulations regarding monitoring devices
  
•   Growing technological advancements
  

Restraints

•   High Cost of Equipment
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ECG equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ECG equipment market in these regions.

IMPACT OF COVID-19 ON ECG EQUIPMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several countries resulting in the temporary closure of numerous end-use industries for ECG equipment, thereby limiting the product demand. The impact of SARS-CoV-2 has changed across nations with alternating cardiovascular indications. The market payers from ECG equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for ECG equipment in the global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the ECG equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ECG equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Koninklijke Philips N.V.
  
•   General Electric Company
  
•   Compumed, Inc.
  
•   Schiller
  
•   Bio-Equip
  
•   Welch Allyn
  
•   Nihon Kohden Corporation
  
•   Cardionet
  
•   Spacelabs Healthcare
  
•   Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

ECG Equipment Report Scope