ECG monitoring devices are medical devices used to detect heart defects such as arrhythmias and ischemia. These are also used to evaluate the function of a pacemaker or automatic implantable cardioverter-defibrillator as well as in early diagnosis of symptoms of various cardiovascular diseases such as angina, palpitations, dyspnea, and syncope. Technological advances in sensors have allowed the production of wearable devices capable of tracking and capturing long-term cardiac impulses. These systems may be used in out-of-hospital environments such as homes and public places, in the absence of traditional electrocardiogram (ECG) machines. For example, the Omron Healthcare offers HeartScan HCG-801 ECG Monitor is a cordless portable ECG monitor and shows heart rate (HR), rhythm, and ECG waveform on a high-resolution screen. Similarly, Zenicor-ECG, provided by Zenicor Medical Systems AB, is a handheld finger monitor, recorder and display device that makes atrial fibrillation (AF) and other cardiac arrhythmias simple and accurate to diagnose. The advent of such mobile, portable, and remote ECG monitoring devices will be one of the key market developments of the ECG devices responsible for growth of the ECG Monitoring Devices Market Share over the forecast period.

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The demand for ECG devices has propelled several technological advances in these devices, such as reduced size, increased portability and simplicity of use. The new generation ECG devices integrate advanced algorithms and different features for optimizing workflows, such as streamlined step-by-step operation, touch screen systems, and better connectivity with cardiovascular information systems (CVIS), electronic medical record (EMR), and ECG management systems. During patient monitoring procedures, ECG electrodes have undergone significant changes in design and interference over the years. Using conductive fiber, the ECG electrodes have been made smooth, flexible and breathable. In addition, textile electrodes do not cause the patient any pain or discomfort and provide a higher impedance to the skin-electrodes. During the forecast period, these technological advances are expected to fuel the ECG Monitoring Devices Market Share growth at a CAGR of 10.3%.

The detailed research study provides qualitative and quantitative analysis of ECG monitoring devices market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Key Findings of the Report:

  • ECG Monitoring Devices Market Share is projected to reach US$ 15,673.7 Mn by 2030, growing at 10.3% CAGR during the forecast period
  • Due to the availability of well-equipped instruments and the latest monitoring software, hospitals accounted for the largest market share in 2018, since most patients rely more on hospitals than other healthcare facilities
  • After studying the global market, it was found that North America would account for the largest market share of ECG monitoring devices over the forecast period. Factors such as the high prevalence of cardiovascular diseases (CVDs), increasing geriatric population and the adoption of technologically advanced ECG devices will lead to the growth in demand for ECG monitoring devices.
  • The major market participants include GE Healthcare, Nihon Kohden, Schiller AG, Opto Circuits, OSI Systems Fukuda Denshi Co Ltd., Johnson and Johnson, and Medtronic, Koninklijke Philips N.V., Welch Allyn,, and Qardio, Inc. The key strategic approaches adopted by these players are the new product development and mergers & acquisitions. For instance, in April 2014, GE Healthcare launched a new MAC 2000 ECG resting program, which aids to eliminate differences in ECG results and provides precise information about the medical condition of the patients.

Global ECG Monitoring Devices Market:

By Type

  • Holter Monitoring Systems
  • ECG Stress Testing Systems
  • Resting ECG Monitoring Systems
  • Event Monitoring Systems

By End Users

  • Hospital and Clinics
  • Ambulatory Surgery Centers
  • Diagnostic Centers

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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