Global Single Lead Electrocardiogram (ECG) Equipment Market – Industry Trends and Forecast to 2029

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Global Single Lead Electrocardiogram (ECG) Equipment Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Upcoming Report
  • Oct 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Single Lead Ecg Equipment Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2022 –2029
Diagram Market Size (Base Year)
USD 337.08 Million
Diagram Market Size (Forecast Year)
USD 620.74 Million
Diagram CAGR
%
Diagram Major Markets Players
  • Perlong Medical Equipment
  • Ambisea Technology
  • Qardio
  • Dimetek Digital Medical Technologies
  • AliveCor

Global Single Lead Electrocardiogram (ECG) Equipment Market, By Indication (Syncope, Arrhythmia, Other), End Use (Hospitals and Clinics, Home-Care, Ambulatory Surgical Centers (ASCs)) – Industry Trends and Forecast to 2029.

Single Lead Electrocardiogram (ECG) Equipment Market

 Single Lead Electrocardiogram (ECG) Equipment Market Analysis and Size

The purpose of single lead electrocardiogram (ECG) or single lead electrocardiogram (ECG) equipment is to measure the electrical activity of the heartbeat or to monitor heart rate. The global single lead ECG equipment market is likely to grow substantially in the coming years due to its growing application in sports activities and monitoring heart rating during exercise.

Data Bridge Market Research analyses that the single lead electrocardiogram (ECG) equipment market which was USD 337.08 million in 2021, is expected to USD 620.74 million by 2029, at a CAGR of 5.22% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Single Lead Electrocardiogram (ECG) Equipment Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Indication (Syncope, Arrhythmia, Other), End Use (Hospitals and Clinics, Home-Care, Ambulatory Surgical Centers (ASCs))

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Perlong Medical Equipment Co., Ltd (China), Ambisea Technology Corp., Ltd (China), Qardio Inc. (U.S.), Dimetek Digital Medical Technologies, Ltd (China), AliveCor, Inc. (U.S.), SUZUKEN CO., LTD (Japan), OMRON Corporation (Japan), Zenicor Medical Systems AB (Sweden), Longfian Scitech Co. Ltd (China)

Market Opportunities

  • Rising preference for cardiac assessment
  • Rising importance of homecare

Market Definition

Single-lead electrocardiogram equipment, also known as 1-lead electrocardiogram equipment, is used to measure the electrical activity of the heartbeat or to monitor heart rate. It is used in home care for the personal recording of information, such as baseline information, routine monitoring, or during unusual heart events. Single lead electrocardiogram equipment is a device that just needs a few simple procedures to operate. It may communicate the obtained electrocardiogram transparently to the specified service centre by utilising a Bluetooth connection with an Internet gateway.

Global Single Lead Electrocardiogram (ECG) Equipment Market Dynamics

Drivers

  • Rising single lead electrocardiogram equipment

The factors driving the growth of the single lead electrocardiogram equipment market in the forecast period of 2022 to 2029 is the expansion of its application scope in sports activities, monitoring heart rate during exercise, rising preference for cardiac assessment during self-triaging before using complex systems, and rising importance of homecare.

Furthermore, expanding R&D efforts undertaken by multiple manufacturers will further encourage a number of new prospects that will fuel the expansion of the single lead electrocardiogram (ECG) equipment market during the forecast period.

  • Research and development activities

Portable single-lead electrocardiogram devices that are useful for diagnosing arrhythmias, syncope, or assessing risks that may result in cardiovascular problems have developed as a result of ongoing research and development. For instance, patients with diabetes, hypertension, hypercholesterolemia, and obesity can utilise Omron Corporation's HeartScan ECG Monitor to determine their risk of CVD. These all are some of the factors which propel the growth of market.

Opportunities

  • Rising prevalence of cardiovascular disorders

The potential for market expansion in this market is brought by the rising prevalence of cardiovascular disorders. Over 4 million people have arrhythmias, according to data provided by the American Heart Association. Every year, half a million deaths in the United States are caused by this factor.

Increased research and development efforts by many manufacturers to construct cutting-edge portable single lead electrocardiogram devices have opened up yet another potential. These tools will aid in the diagnosis of syncope, arrhythmias, or risk factors that lead to cardiovascular disorders.

Restraints/Challenges

  • Unstable reimbursement policies

Unstable reimbursement policies for cardiology services, particularly in developing regions, More tests are needed to trace serious heart problems undetected by normal electrocardiogram curve, It does not provide underlying heart problems for patients not having any symptoms. It does not always provide help in accurate diagnosis. These all factors will obstruct the single lead electrocardiogram (ECG) equipment market's growth rate.

This single lead electrocardiogram (ECG) equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the single lead electrocardiogram (ECG) equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Single Lead Electrocardiogram (ECG) Equipment Market Scope

The single lead electrocardiogram (ECG) equipment market is segmented on the basis of indication and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Indication

 End Use

  • Hospitals
  • Clinics
  • Home-Care
  • Ambulatory Surgical Centers (ASCs)

Single Lead Electrocardiogram (ECG) Equipment Market Regional Analysis/Insights

The single lead electrocardiogram (ECG) equipment market is analysed and market size insights and trends are provided by country, indication and end use as referenced above.

The countries covered in the single lead electrocardiogram (ECG) equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the single lead electrocardiogram (ECG) equipment market due to the ongoing growth in-home and ambulatory health care in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the increasing popularity of wearable devices, continuously developing infrastructure along with the presence of the target population in this particular region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Single Lead Electrocardiogram (ECG) Equipment Market Share Analysis

The single lead electrocardiogram (ECG) equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to single lead electrocardiogram (ECG) equipment market.

Some of the major players operating in the single lead electrocardiogram (ECG) equipment market are:

  • Perlong Medical Equipment Co., Ltd (China)
  • Ambisea Technology Corp., Ltd (China)
  • Qardio Inc. (U.S.)
  • Dimetek Digital Medical Technologies, Ltd (China)
  • AliveCor, Inc. (U.S.)
  • SUZUKEN CO., LTD (Japan)
  • OMRON Corporation (Japan)
  • Zenicor Medical Systems AB (Sweden)
  • Longfian Scitech Co. Ltd (China)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on Global Single Lead Electrocardiogram (ECG) Equipment Market, By Indication (Syncope, Arrhythmia, Other), End Use (Hospitals and Clinics, Home-Care, Ambulatory Surgical Centers (ASCs)) – Industry Trends and Forecast to 2029. .
The Global Single Lead Ecg Equipment Market size was valued at USD 337.08 USD Million in 2021.
The Global Single Lead Ecg Equipment Market is projected to grow at a CAGR of 5.22% during the forecast period of 2022 to 2029.
The major players operating in the market include Perlong Medical Equipment, Ambisea Technology, Qardio, Dimetek Digital Medical Technologies, AliveCor, SUZUKEN, OMRON, Zenicor Medical Systems, Longfian Scitech.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..