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 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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Indication (Syncope, Arrhythmia, Other), End Use (Hospitals and Clinics, Home-Care, Ambulatory Surgical Centers (ASCs))
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Countries Covered
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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.
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Market Players Covered
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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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Market Opportunities
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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
- Syncope
- Arrhythmia
- Atrial Fibrillation (AF)
- Tachycardia
- Bradycardia
- Other Indications
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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