Product Description
The global electrocardiogram monitoring market was valued at $1.7 billion in 2024. This is expected to increase over the forecast period at a CAGR of 1.7% to reach $1.9 billion.
The full report suite on the global market for electrocardiogram (ECG) monitoring includes ECG monitors and ECG electrodes.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- Market Drivers & Limiters
- Market Forecasts Until 2031, and Historical Data to 2021
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
GLOBAL ELECTROCARDIOGRAM MONITORING MARKET TRENDS
The cardiac monitoring market is saturated as well as the resting ECG and stress testing segments. Replacements account for a majority of cardiac monitoring sales in all segments. For the resting ECG and stress testing segments, the vast majority of sales are for the purpose of replacing an older system, equating to limited market growth.
GLOBAL ELECTROCARDIOGRAM MONITORING MARKET SHARE INSIGHT
- GE Healthcare was the leading competitor in the ECG monitoring market for 2024 . The company was the largest competitor in the ECG monitor segment, with strong product offerings in the resting, stress test and Holter monitor segments.
- Cardinal Health was the second-leading competitor in the ECG monitoring market due to its strong positions in the ECG electrode segment. The company was able to solidify its market-leading position ever since 2017 by acquiring Medtronic’s patient recovery business for $6.1 billion. The acquisition included Covidien and its lineup of ECG electrodes.
- Philips Healthcare had a strong presence in the ECG monitor market, with a strong focus on Holter monitors. Philips Healthcare’s Holter scanners are feature-rich and efficient. Like GE Healthcare, Philips Healthcare is involved in picture archiving and communication systems (PACS) and hospital information systems (HIS) and is well positioned for the integration of ECG data management systems (DMS) with other HIS.
GLOBAL ELECTROCARDIOGRAM MONITORING MARKET SEGMENTATION SUMMARY
- ECG Monitor Market – Further Segmented Into:
- Device Type: Resting ECG, Stress Testing, Holter Monitoring.
- ECG Electrode
GLOBAL RESEARCH SCOPE
Report Attribute | Details |
---|---|
Regions | North America (Canada, United States) Latin America (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, United Kingdom) Central & Eastern Europe (Azerbaijan, Baltic States, Belarus, Bulgaria, Croatia, Czech Republic, Georgia, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kyrgyzstan, Macao, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Uzbekistan, Vietnam) Africa (Algeria, Egypt, Ethiopia, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
Base Year | 2024 |
Forecast | 2025-2031 |
Historical Data | 2021-2023 |
Quantitative Coverage | Procedure Numbers, Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |