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Thursday, October 12, 2023

Global Diagnostic Electrocardiograph (ECG) Market is anticipated to grow at a CAGR of 6.5% during 2024 to 2030

The future of the global diagnostic electrocardiograph (ECG) market looks promising with opportunities in the hospital, clinic, & cardiac center, and ambulatory surgical center markets. The global diagnostic electrocardiograph (ECG) market is expected to reach an estimated $8.6 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increasing prevalence of cardiovascular diseases, growing demand for preventive healthcare, and rising awareness towards the benefits of ECG.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the diagnostic electrocardiograph (ECG) market by product type (resting ECG systems, stress ECG systems, holter monitors, event monitors, mobile cardiac telemetry systems, and others), end use (hospitals, clinics, & cardiac centers, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, resting ECG systems, stress ECG systems, holter monitors, event monitors, mobile cardiac telemetry (MCT) systems, others are the major segments of diagnostic electrocardiograph (ECG) market by product type. Lucintel forecasts that resting ECG devices will remain the largest segment over the forecast period as these devices are simple to use and affordable.

Within this market, hospital is expected to remain the largest segment due to high volume of patients who need ECG tests and growing requirement for quality care.

North America will remain the largest region due to high prevalence of cardiovascular diseases, increasing geriatric population, and rising demand of minimally invasive procedure in the region.

General Electric, Koninklijke Philips, NIHON KOHDEN CORPORATION, Hill-Rom Services, Ambu A/S., SCHILLER, ACSDiagnostics, BPL, FUKUDA DENSHI , and Biotelemetry are the major suppliers in the diagnostic electrocardiograph (ECG) market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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