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Diagnostic Electrocardiograph (ECG) Market Worth $5,435 Million by 2020 - New Research Report by MarketsandMarkets
Date:8/14/2014

the growth in the global diagnostic ECG market.

Depending upon the type of leads used, the global diagnostic ECG market by Lead type is divided as single lead, 3-6 lead, 12 lead. The 3-6 lead segment in the global diagnostic ECG market accounted for largest market share in 2013. It is expected to grow at the fastest pace in the forecast period and occupy the leadership position by 2020. The 12 lead segment was the second leading segment after the 3-6 lead segment. The increase in the number of leads has enabled the physicians to have a convenient and holistic view of the patient’s medical condition.

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The North American diagnostic ECG market accounted for the highest share in 2013 and is poised to grow from 2013 to 2020. The major growth factors contributing to the growth of the North American market are the aging population and lifestyle diseases that are further adding to the overall prevalence of cardiac diseases. Europe, on the other hand, witnesses a slow growth in the forecast period. The growth of this region is expected to be sluggish with a lower CAGR due to factors such as the uneven reimbursement policies. APAC is expected to grow at a higher CAGR over the forecast period. The high population base and improved purchasing power of patients will be the major drivers of this market. Moreover, the economic instability in the western countries enables the companies to focus on the APAC region in order to meet their revenue targets.

The key players in the global diagnostic ECG market are GE Healthcare (U.K.), Philips Healthcare (Netherlands), Mindray Medical (China), Mortara Instrument Inc. (U.S.), Spacelabs Healthcare (U.S), Schiller AG (Switzerland), Cardionet (U.S.), Compumed I
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