U.S. ECG Equipment Market Emerging Trend and Forecast to 2026 | Grand View Research, Inc.

October 20 23:49 2021
U.S. ECG Equipment Market Emerging Trend and Forecast to 2026 | Grand View Research, Inc.
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According to a new report published by Grand View Research, the rise in the incidence of cardiovascular diseases, large geriatric population base, technological advancements, and new product launches for clear, quick, safe, and reliable results are factors likely to drive the market.

The U.S. ecg equipment market size is expected to reach USD 2.8 billion by 2026, based on a new report by Grand View Research, Inc., registering a 5.7% CAGR during the forecast period. Rise in prevalence of cardiovascular diseases in the country, availability of various monitoring devices, and technological advancements are among key factors driving the U.S. electrocardiograph device market.

Increase in investment by various market players and the U.S. government for development and commercialization of various easy-to-use equipment is also likely to drive the market. For instance, in September 2017, the U.S. FDA approved an app-driven, easy-to-clean, and fully reusable ECG device manufactured by NimbleHeart. The device can be wrapped around a user’s torso and used without electrolytic gels and adhesives. Hence, it can be cleaned easily, thereby making the product ideal for multi-patient use.

In May 2018, Preventice Solutions launched BodyGuardian Mini, a reusable long-term and smallest Holter technology for cardiac monitoring. The new technology includes an ultra-small cardiac monitor that can measure ECG up to 14 days and can transfer data to a physician in an easy-to-read report. Hence, launch of such technologically advanced products to address the needs of physicians and patients is expected to boost market growth in the coming years.

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U.S. ECG Equipment Market Report Highlights

• Rising incidence of cardiac diseases and growing geriatric population are expected to propel market growth in the coming years

• By type, the resting ECG system segment accounted for the largest share in the market and is expected to witness significant growth during the forecast period. This can be attributed to availability of several commercial products, improved clinical accuracy due to advanced data analysis tools to detect heart-related problems, and high penetration in large hospitals

• The Holter monitor segment is expected to witness the fastest growth over the forecast period owing to portability of these devices, cost-effectiveness, and ability to record heart’s electrical activity for a longer duration

• By end use, hospitals accounted for the largest share in 2018 as majority of patients rely on hospitals than other healthcare facilities due to the availability of well-equipped devices and latest monitoring software

• Based on geography, the south region accounted for the dominant share in 2018 and is expected to maintain its lead throughout the forecast period due to a large target population and presence of a high number of hospitals

• Advancements in medical technology and availability of portable ECG devices have led to an increase in diagnosis rate, as these systems facilitate immediate transfer of data pertaining to outpatient procedures. This is expected to drive demand for ambulatory care centers during the forecasts period

• Some of the key players are BioTelemetry, Inc.; CardioComm Solutions, Inc.; Compumed Inc.; GE Healthcare; Mindray Medical; Hill Rom; NIHON KOHDEN CORPORATION; Philips Healthcare; Schiller AG; Spacelabs Healthcare; Welch Allyn; and McKesson Corporation.

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U.S. ECG Equipment Market Segmentation

Grand View Research has segmented the U.S. ECG equipment market by type, end use, and region:

U.S. ECG Equipment Type Outlook (Revenue, USD Million, 2015 – 2026)

    • Resting ECG System                              

    • Holter Monitors

    • Stress ECG Monitors                

    • Event Monitors          

U.S. ECG Equipment End-use Outlook (Revenue, USD Million, 2015 – 2026)

    • Hospitals

    • Ambulatory Care

    • Others

U.S. ECG Equipment Region Outlook (Revenue, USD Million, 2015 – 2026)

    • Northeast                                            

    • Midwest

    • South                                   

    • West

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Browse More Related Report:

ECG Equipment Market Analysis By Types (Monitoring Equipment, Holter Monitoring Systems, Event Monitoring Systems, Stress Testing Systems) And Segment Forecasts To 2022

About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

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