U.S. ECG Equipment Market Size, Share & Trends Analysis Report By Type (Resting ECG, Holter Monitors, Stress ECG Monitors, Event Monitors), By End Use, By Region, And Segment Forecasts, 2019 - 2026

Published: Feb, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

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.

Further key findings from the study suggest:

• 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.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                   1.2 Research Methodology
                   1.3 Information Procurement
                       1.3.1 Purchased database
                       1.3.2 GVR's internal database
                       1.3.3 Secondary sources
                       1.3.4 Primary research
                   1.4 Information or Data Analysis
                   1.5 Market Formulation & Validation
                   1.6 Model Details
                       1.6.1 Commodity flow analysis (Model 1)
                       1.6.2 Volume price analysis (model 2)
                   1.7 List of Secondary Sources
                   1.8 List of Primary Sources
                   1.9 List of Abbreviations
                   1.10 Objectives
                       1.10.1 Objective - 1:
                       1.10.2 Objective - 2:

Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segment Outlook
                       2.2.1 Type
                       2.2.2 End use
                       2.2.3 Region
                   2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope
                   3.1 Market Lineage Outlook
                       3.1.1 Parent market outlook
                   3.2 Market Segmentation
                   3.3 Market Dynamics
                       3.3.1 Market driver analysis
                           3.3.1.1 Rising geriatric population
                           3.3.1.2 Technological advancments
                       3.3.2 Market restraint analysis
                           3.3.2.1 Lack of supportive reimbursement policies
                           3.3.2.2 False negative and false positive results
                   3.4 Penetration & Growth Prospect Mapping
                       3.4.1 Analysis
                   3.5 SWOT Analysis, By PESTLE
                       3.5.1 Political & legal
                       3.5.2 Economic
                       3.5.3 Technological
                   3.6 Porter's Five Forces Analysis
                       3.6.1 Bargaining power of buyers: Low
                       3.6.2 Bargaining power of suppliers: High
                       3.6.3 Competitive rivalry: Moderate
                       3.6.4 Threat of new entrants: Low
                       3.6.5 Threat of substitutes: High
                   3.7 U.S. ECG Equipment Market: Pricing Analysis
                   3.8 Regulatory Scenario: U.S. ECG Equipment Market, 2018

Chapter 4 U.S. ECG Equipment Market: Type Analysis
                   4.1 U.S. ECG Equipment Market Share Analysis, 2018 & 2026
                   4.2 Segment Dashboard
                   4.3 U.S. ECG Equipment Market, 2018 to 2026
                   4.4 Market Size & Forecasts and Trend Analysis, 2015 to 2026 for the ECG Type
                       4.4.1 Resting ECG systems
                           4.4.1.1 Industry trends
                           4.4.1.2 Resting ECG market, 2015 - 2026 (USD Million)
                       4.4.2 Holter monitors
                           4.4.2.1 Industry trends
                           4.4.2.2 Holter monitors market, 2015 - 2026 (USD Million)
                       4.4.3 Stress ECG monitors
                           4.4.3.1 Industry trends
                           4.4.3.2 Stress ECG monitors market, 2015 - 2026 (USD Million)
                       4.4.4 Event monitors
                           4.4.4.1 Industry trends
                           4.4.4.2 Event monitors market, 2015 - 2026 (USD Million)

Chapter 5 U.S. ECG Equipment Market: End-use Analysis
                   5.1 U.S. ECG Equipment by End-use Market Share Analysis, 2018 & 2026
                   5.2 Segment Dashboard
                   5.3 Market Size & Forecasts and Trend Analysis, 2015 to 2026 for the End-use
                       5.3.1 Hospitals
                           5.3.1.1 Hospitals market, 2015 - 2026 (USD Million)
                       5.3.2 Ambulatory care
                           5.3.2.1 Ambulatory care market, 2015 - 2026 (USD Million)
                       5.3.3 Others (clinics and diagnostic laboratories)
                           5.3.3.1 Others market, 2015 - 2026 (USD Million)

Chapter 6 Regional Outlook
                   6.1 Definitions & Scope
                   6.2 Regional Market Share Analysis, 2018 & 2026
                   6.3 Market Size & Forecasts and Trend Analysis, 2018 to 2025
                       6.3.1 Northeast
                           6.3.1.1 Northeast ECG equipment market, 2015 - 2026 (USD Million)
                       6.3.2 Midwest
                           6.3.2.1 Midwest ECG equipment market, 2015 - 2026 (USD Million)
                       6.3.3 South
                           6.3.3.1 South ECG equipment market, 2015 - 2026 (USD Million)
                       6.3.4 West
                           6.3.4.1 West ECG equipment market, 2015 - 2026 (USD Million)

Chapter 7 Competitive Analysis
                   7.1 Strategic Framework
                   7.2 Vendor Landscape
                       7.2.1 Product launches
                       7.2.2 Mergers & acquisitions
                       7.2.3 Partnerships
                       7.2.4 Research initiatives
                   7.3 List of Major Event Monitor Manufacturers
                   7.4 Competitive Landscape: Market Position Analysis
                       7.4.1 Competitive landscape: Market position analysis (based on commercialized devices, regional presence, and strategic initiatives)
                   7.5 Company Profiles
                       7.5.1 Biotelemetry, Inc.
                           7.5.1.1 Company overview
                           7.5.1.2 Financial performance
                           7.5.1.3 Product benchmarking
                           7.5.1.4 Strategic initiatives
                       7.5.2 CompuMed, Inc.
                           7.5.2.1 Company overview
                           7.5.2.2 Financial performance
                           7.5.2.3 Product benchmarking
                       7.5.3 GE Healthcare
                           7.5.3.1 Company overview
                           7.5.3.2 Financial performance
                           7.5.3.3 Product benchmarking
                           7.5.3.4 Strategic initiatives
                       7.5.4 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
                           7.5.4.1 Company overview
                           7.5.4.2 Product benchmarking
                           7.5.4.3 Strategic initiatives
                       7.5.5 Hill-Rom services, Inc.
                           7.5.5.1 Company overview
                           7.5.5.2 Financial performace
                           7.5.5.3 Product benchmarking
                           7.5.5.4 Strategic initiatives
                       7.5.6 NIHON KOHDEN CORPORATION
                           7.5.6.1 Company overview
                           7.5.6.2 Financial performace
                           7.5.6.3 Product benchmarking
                           7.5.6.4 Strategic initiatives
                       7.5.7 Koninklijke Philips N.V.
                           7.5.7.1 Company overview
                           7.5.7.2 Financial performance
                           7.5.7.3 Product benchmarking
                           7.5.7.4 Strategic initiatives
                       7.5.8 Schiller
                           7.5.8.1 Company overview
                           7.5.8.2 Product benchmarking
                           7.5.8.3 Strategic initiatives
                       7.5.9 Spacelabs Healthcare (Subsidiary of OSI Systems, Inc.)
                           7.5.9.1 Company overview
                           7.5.9.2 Financial performance
                           7.5.9.3 Product benchmarking
                           7.5.9.4 Strategic initiatives
                       7.5.10 Welch Allyn (Subsidiary of Hill-Rom Services, Inc.)
                           7.5.10.1 Company overview
                           7.5.10.2 Product benchmarking
                           7.5.10.3 Strategic initiatives
                       7.5.11 CardioComm Solutions, Inc.
                           7.5.11.1 Company overview
                           7.5.11.2 Product benchmarking
                           7.5.11.3 Strategic initiatives
                       7.5.12 McKesson Corporation
                           7.5.12.1 Company overview
                           7.5.12.2 Financial performance
                           7.5.12.3 Product benchmarking
                           7.5.12.4 Strategic initiatives

List of Tables

TABLE 1 List of secondary sources
TABLE 2 List of abbreviations
TABLE 3 Incidence of cardiovascular diseases in older Americans
TABLE 4 Average cost (USD), 2018
TABLE 5 Resting ECG product list
TABLE 6 Holter monitors product list
TABLE 7 Stress ECG monitors product list
TABLE 8 Event monitors product list
TABLE 9 Northeast ECG equipment market, by type, 2015 - 2026 (USD Million)
TABLE 10 Northeast ECG equipment market, by end use, 2015 - 2026 (USD Million)
TABLE 11 Midwest ECG equipment market, by type, 2015 - 2026 (USD Million)
TABLE 12 Midwest ECG equipment market, by end use, 2015 - 2026 (USD Million)
TABLE 13 South ECG equipment market, by type, 2015 - 2026 (USD Million)
TABLE 14 South ECG equipment market, by end use, 2015 - 2026 (USD Million)
TABLE 15 West ECG equipment market, by type, 2015 - 2026 (USD Million)
TABLE 16 West ECG equipment market, by end use, 2015 - 2026 (USD Million)
TABLE 17 Recently launched products:
TABLE 18 Recent mergers & acquisitions:

List of Figures

Fig.1 Market research process
Fig.2 Information procurement
Fig.3 Primary research pattern
Fig.4 Market research approaches
Fig.5 Value chain-based sizing & forecasting
Fig.6 QFD modeling for market share assessment
Fig.7 Market formulation & validation
Fig.8 U.S. ECG equipment market segmentation
Fig.9 Market trends & outlook
Fig.10 Market driver relevance analysis (Current & future impact)
Fig.11 Market restraint relevance analysis (Current & future impact)
Fig.12 Penetration & growth prospect mapping
Fig.13 U.S. ECG equipment market: Type movement analysis, 2018 & 2026
Fig.14 U.S. ECG equipment market type outlook: Key takeaways
Fig.15 U.S. ECG equipment market, 2015 - 2026 (USD Million)
Fig.16 Resting ECG market, 2015 - 2026 (USD Million)
Fig.17 Holter monitors market, 2015 - 2026 (USD Million)
Fig.18 Stress ECG monitors market, 2015 - 2026 (USD Million)
Fig.19 Event monitors market, 2015 - 2026 (USD Million)
Fig.20 U.S. ECG equipment market: End-use movement analysis
Fig.21 ECG equipment end-use outlook: Key takeaways
Fig.22 Hospitals market, 2015 - 2026 (USD Million)
Fig.23 Ambulatory care market 2015 - 2026 (USD Million)
Fig.24 Others market 2015 - 2026 (USD Million)
Fig.25 Northeast ECG equipment market, 2015 - 2026 (USD Million)
Fig.26 Midwest ECG equipment market, 2015 - 2026 (USD Million)
Fig.27 South ECG equipment market, 2015 - 2026 (USD Million)
Fig.28 West ECG equipment market, 2015 - 2026 (USD Million)
Fig.29 Strategy framework
Fig.30 Heat map analysis