North America Electrocardiograph (ECG) Market 2022-2031 by Product Type (Conventional Devices, Emerging Devices, Software & Services), Lead Type (Single-lead, 3-lead, 5-lead, 6-lead, 12-lead), Function (Diagnostic, Monitoring), Technology (Portable, Wireless), End User (Hospitals and Clinics, ASCs, Home-based Users, Cardiac Centers), and Country: Trend Forecast and Growth Opportunity
- Report ID: 29931
- Date: Jun, 2022
- Pages: 113
- Category: Healthcare & Pharmaceuticals
North America electrocardiograph (ECG) market is projected to grow by 5.5% annually in the forecast period and reach $ 4,246.6 million by 2031, driven by the rising incidences of cardiac disorders and lifestyle related diseases, constantly increasing incidences of casualties due to cardiovascular diseases (CVDs), the increase in geriatric population coupled with behavioral risk factors such as rise in alcohol consumption and smoking, technological advancement and innovations, and the increasing healthcare expenditure.
Highlighted with 24 tables and 54 figures, this 113-page report “North America Electrocardiograph (ECG) Market 2021-2031 by Product Type (Conventional Devices, Emerging Devices, Software & Services), Lead Type (Single-lead, 3-lead, 5-lead, 6-lead, 12-lead), Function (Diagnostic, Monitoring), Technology (Portable, Wireless), End User (Hospitals and Clinics, ASCs, Home-based Users, Cardiac Centers), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America electrocardiograph (ECG) market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America electrocardiograph (ECG) market in every aspect of the classification from perspectives of Product Type, Lead Type, Function, Technology, End User, and Country.
Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Conventional Devices
o Resting ECG Devices
o Stress ECG Devices
• Emerging Devices
o Implantable Loop Recorders
o Mobile Cardiac Telemetry
o Holter Monitors
o Cardiac Event Monitors
o Smart ECG Monitors
• Software & Services
Based on Lead Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Single-Lead Type ECG Devices
• 3-Lead Type ECG Devices
• 5-Lead Type ECG Devices
• 6-Lead Type ECG Devices
• 12-Lead Type ECG Devices
• Other Lead Types
By Function, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Diagnostic ECG Systems
• Monitoring ECG Systems
By Technology, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Portable ECG Systems
• Wireless ECG Systems
By End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Hospitals and Clinics
• Ambulatory Surgical Centers (ASCs)
• Home-based Users
• Cardiac Centers
• Other End Users
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Product Type, Lead Type and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Abbott Laboratories
ACS Diagnostics
Biotricity, Inc.
BIOTRONIK SE & Co. KG
Boston Scientific Corporation
CardioComm Solutions, Inc.
Cardioline SpA
Edan Instruments, Inc.
Fukuda Denshi Co., Ltd.
General Electric Company
Hill-Rom Holdings, Inc.
iRhythm Technologies, Inc.
Koninklijke Philips N.V.
Medtronic plc
Mindray Medical International Limited
Nihon Kohden Corporation
OSI Systems, Inc.
Schiller AG
Suzuken Co., Ltd.
Zoll Medical Corporation (Asahi Kasei Corporation)
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of North America Market by Product Type 42
3.1 Market Overview by Product Type 42
3.2 Conventional Devices 44
3.2.1 Resting ECG Devices 45
3.2.2 Stress ECG Devices 46
3.3 Emerging Devices 47
3.3.1 Implantable Loop Recorders 49
3.3.2 Mobile Cardiac Telemetry 50
3.3.3 Holter Monitors 51
3.3.4 Cardiac Event Monitors 52
3.3.5 Smart ECG Monitors 53
3.4 Software & Services 54
4 Segmentation of North America Market by Lead Type 55
4.1 Market Overview by Lead Type 55
4.2 Single-Lead Type ECG Devices 57
4.3 3-Lead Type ECG Devices 58
4.4 5-Lead Type ECG Devices 59
4.5 6-Lead Type ECG Devices 60
4.6 12-Lead Type ECG Devices 61
4.7 Other Lead Types 62
5 Segmentation of North America Market by Function 63
5.1 Market Overview by Function 63
5.2 Diagnostic ECG Systems 65
5.3 Monitoring ECG Systems 66
6 Segmentation of North America Market by Technology 67
6.1 Market Overview by Technology 67
6.2 Portable ECG Systems 69
6.3 Wireless ECG Systems 70
7 Segmentation of North America Market by End User 71
7.1 Market Overview by End User 71
7.2 Hospitals and Clinics 73
7.3 Ambulatory Surgical Centers (ASCs) 74
7.4 Home-based Users 75
7.5 Cardiac Centers 76
7.6 Other End Users 77
8 North America Market 2021-2031 by Country 78
8.1 Overview of North America Market 78
8.2 U.S. 81
8.3 Canada 84
8.4 Mexico 86
9 Competitive Landscape 88
9.1 Overview of Key Vendors 88
9.2 New Product Launch, Partnership, Investment, and M&A 91
9.3 Company Profiles 92
Abbott Laboratories 92
ACS Diagnostics 94
Biotricity, Inc. 95
BIOTRONIK SE & Co. KG 96
Boston Scientific Corporation 97
CardioComm Solutions, Inc. 98
Cardioline SpA 99
Edan Instruments, Inc. 100
Fukuda Denshi Co., Ltd. 101
General Electric Company 102
Hill-Rom Holdings, Inc. 103
iRhythm Technologies, Inc. 104
Koninklijke Philips N.V. 105
Medtronic plc 106
Mindray Medical International Limited 107
Nihon Kohden Corporation 108
OSI Systems, Inc. 109
Schiller AG 110
Suzuken Co., Ltd. 111
Zoll Medical Corporation (Asahi Kasei Corporation) 112
RELATED REPORTS 113
List of Tables
Table 1. Snapshot of North America Electrocardiograph Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Health Spending by Region, $ bn, 2013-2020 30
Table 4. Main Product Trends and Market Opportunities in North America Electrocardiograph Market 34
Table 5. North America Electrocardiograph Market by Product Type, 2021-2031, $ mn 42
Table 6. North America Electrocardiograph Market: Conventional Devices by Type, 2021-2031, $ mn 44
Table 7. North America Electrocardiograph Market: Emerging Devices by Type, 2021-2031, $ mn 48
Table 8. North America Electrocardiograph Market by Lead Type, 2021-2031, $ mn 55
Table 9. North America Electrocardiograph Market by Function, 2021-2031, $ mn 63
Table 10. North America Electrocardiograph Market by Technology, 2021-2031, $ mn 67
Table 11. North America Electrocardiograph Market by End User, 2021-2031, $ mn 71
Table 12. North America Electrocardiograph Market by Country, 2021-2031, $ mn 79
Table 13. U.S. Electrocardiograph Market by Product Type, 2021-2031, $ mn 83
Table 14. U.S. Electrocardiograph Market by Lead Type, 2021-2031, $ mn 83
Table 15. U.S. Electrocardiograph Market by End User, 2021-2031, $ mn 83
Table 16. Canada Electrocardiograph Market by Product Type, 2021-2031, $ mn 85
Table 17. Canada Electrocardiograph Market by Lead Type, 2021-2031, $ mn 85
Table 18. Canada Electrocardiograph Market by End User, 2021-2031, $ mn 85
Table 19. Mexico Electrocardiograph Market by Product Type, 2021-2031, $ mn 87
Table 20. Mexico Electrocardiograph Market by Lead Type, 2021-2031, $ mn 87
Table 21. Mexico Electrocardiograph Market by End User, 2021-2031, $ mn 87
Table 22. Abbott Laboratories: Company Snapshot 92
Table 23. Abbott Laboratories: Business Segmentation 93
Table 24. Abbott Laboratories: Product Portfolio 93
List of Figures
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. Value Chain Analysis 19
Figure 5. North America Electrocardiograph Market, 2021-2031, $ mn 20
Figure 6. Impact of COVID-19 on Business 23
Figure 7. Primary Drivers and Impact Factors of North America Electrocardiograph Market 25
Figure 8. Worldwide Prevalence of Cardiovascular Disorders, 1990-2019, million 28
Figure 9. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 28
Figure 10. World Population 65 and Over, % of Total Population, 1950-2060 29
Figure 11. Primary Restraints and Impact Factors of North America Electrocardiograph Market 31
Figure 12. Investment Opportunity Analysis 35
Figure 13. Porter’s Fiver Forces Analysis of North America Electrocardiograph Market 38
Figure 14. Breakdown of North America Electrocardiograph Market by Product Type, 2021-2031, % of Revenue 43
Figure 15. North America Addressable Market Cap in 2022-2031 by Product Type, Value ($ mn) and Share (%) 43
Figure 16. North America Electrocardiograph Market by Product Type: Conventional Devices, 2021-2031, $ mn 44
Figure 17. North America Electrocardiograph Market by Conventional Devices: Resting ECG Devices, 2021-2031, $ mn 45
Figure 18. North America Electrocardiograph Market by Conventional Devices: Stress ECG Devices, 2021-2031, $ mn 46
Figure 19. North America Electrocardiograph Market by Product Type: Emerging Devices, 2021-2031, $ mn 47
Figure 20. North America Electrocardiograph Market by Emerging Devices: Implantable Loop Recorders, 2021-2031, $ mn 49
Figure 21. North America Electrocardiograph Market by Emerging Devices: Mobile Cardiac Telemetry, 2021-2031, $ mn 50
Figure 22. North America Electrocardiograph Market by Emerging Devices: Holter Monitors, 2021-2031, $ mn 51
Figure 23. North America Electrocardiograph Market by Emerging Devices: Cardiac Event Monitors, 2021-2031, $ mn 52
Figure 24. North America Electrocardiograph Market by Emerging Devices: Smart ECG Monitors, 2021-2031, $ mn 53
Figure 25. North America Electrocardiograph Market by Product Type: Software & Services, 2021-2031, $ mn 54
Figure 26. Breakdown of North America Electrocardiograph Market by Lead Type, 2021-2031, % of Sales Revenue 56
Figure 27. North America Addressable Market Cap in 2022-2031 by Lead Type, Value ($ mn) and Share (%) 56
Figure 28. North America Electrocardiograph Market by Lead Type: Single-Lead Type ECG Devices, 2021-2031, $ mn 57
Figure 29. North America Electrocardiograph Market by Lead Type: 3-Lead Type ECG Devices, 2021-2031, $ mn 58
Figure 30. North America Electrocardiograph Market by Lead Type: 5-Lead Type ECG Devices, 2021-2031, $ mn 59
Figure 31. North America Electrocardiograph Market by Lead Type: 6-Lead Type ECG Devices, 2021-2031, $ mn 60
Figure 32. North America Electrocardiograph Market by Lead Type: 12-Lead Type ECG Devices, 2021-2031, $ mn 61
Figure 33. North America Electrocardiograph Market by Lead Type: Other Lead Types, 2021-2031, $ mn 62
Figure 34. Breakdown of North America Electrocardiograph Market by Function, 2021-2031, % of Sales Revenue 64
Figure 35. North America Addressable Market Cap in 2022-2031 by Function, Value ($ mn) and Share (%) 64
Figure 36. North America Electrocardiograph Market by Function: Diagnostic ECG Systems, 2021-2031, $ mn 65
Figure 37. North America Electrocardiograph Market by Function: Monitoring ECG Systems, 2021-2031, $ mn 66
Figure 38. Breakdown of North America Electrocardiograph Market by Technology, 2021-2031, % of Revenue 68
Figure 39. North America Addressable Market Cap in 2022-2031 by Technology, Value ($ mn) and Share (%) 68
Figure 40. North America Electrocardiograph Market by Technology: Portable ECG Systems, 2021-2031, $ mn 69
Figure 41. North America Electrocardiograph Market by Technology: Wireless ECG Systems, 2021-2031, $ mn 70
Figure 42. Breakdown of North America Electrocardiograph Market by End User, 2021-2031, % of Revenue 72
Figure 43. North America Addressable Market Cap in 2022-2031 by End User, Value ($ mn) and Share (%) 72
Figure 44. North America Electrocardiograph Market by End User: Hospitals and Clinics, 2021-2031, $ mn 73
Figure 45. North America Electrocardiograph Market by End User: Ambulatory Surgical Centers (ASCs), 2021-2031, $ mn 74
Figure 46. North America Electrocardiograph Market by End User: Home-based Users, 2021-2031, $ mn 75
Figure 47. North America Electrocardiograph Market by End User: Cardiac Centers, 2021-2031, $ mn 76
Figure 48. North America Electrocardiograph Market by End User: Other End Users, 2021-2031, $ mn 77
Figure 49. Breakdown of North America Electrocardiograph Market by Country, 2021 and 2031, % of Revenue 79
Figure 50. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 80
Figure 51. U.S. Electrocardiograph Market, 2021-2031, $ mn 82
Figure 52. Canada Electrocardiograph Market, 2021-2031, $ mn 84
Figure 53. Electrocardiograph Market in Mexico, 2021-2031, $ mn 86
Figure 54. Growth Stage of North America Electrocardiograph Industry over the Forecast Period 88
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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