About ECG diagnostics services
ECG diagnostics services refer to the evaluation and interpretation of electrocardiograms (ECGs) by qualified healthcare professionals. ECGs are non-invasive tests that record the electrical activity of the heart. They are a valuable tool for diagnosing various heart conditions, including arrhythmias (irregular heartbeats), heart attacks, coronary artery disease, and pericarditis. The ECG diagnostics market is expected to witness significant growth in the coming years, driven by factors such as the rising burden of cardiovascular diseases, technological advancements, and the growing focus on preventive healthcare.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global ECG diagnostics services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), GE HealthCare (United States), Siemens Healthineers AG (Germany), Medtronic (Ireland), Abbott (United States), NIHON KOHDEN CORPORATION (Japan), Thyrocare Technologies Limited (India), Biotricity (United States), AliveCor, Inc. (United States) and iRhythm Technologies, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cardio Diagnostics Inc. (United States), Dachcom (Switzerland), Welch Allyn, Inc. (United States), EDAN Instruments, Inc. (China), Physio-Control (United States) and OMRON Healthcare, Inc. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global ECG diagnostics services market by , Application (Hospitals & Clinics, Ambulatory Surgical Centers, Cardiac Centers and Others) and Region.
On the basis of geography, the market of ECG diagnostics services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Lead, the sub-segment i.e. Single-Lead ECG will boost the ECG diagnostics services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Resting ECG Devices will boost the ECG diagnostics services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Telecardiology
Market Growth Drivers:
Increasing Prevalence of Cardiovascular Disease and Rapid Rise in Geriatric Population Diagnosed with Heart Diseases
Challenges:
Dearth of Skilled Professionals
Restraints:
High Initial Cost of ECG Devices
Opportunities:
Technological Advancements in Wearable ECG Devices and Growing Demand for Early Diagnosis of Cardiac Diseases
Market Leaders and their expansionary development strategies
In February 2024, Thyrocare to acquire Think Health Diagnostics; To enter into providing ECG services at home. This strategic acquisition helps Thyrocare provide ECG services at home. This acquisition paves the way for Thyrocare to tap additionally into the insurance segment, the claimed.
In September 2023, iRhythm Technologies, Inc. announced the launched of its next-generation Zio monitor ECG monitor and enhanced Zio long-term continuous monitoring (LTCM) service. Zio monitor is iRhythm’s smallest, lightest and thinnest cardiac monitor, enhancing the cardiac monitoring experience for patients and healthcare providers together with new service enhancements.
Key Target Audience
ECG Device Manufacturer, Government Bodies, Suppliers & Distributors, New Entrants, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.