Diagnostic Electrocardiograph (ECG) Market: By Product Type (Resting ECG Devices, Stress ECG Devices, Implantable Loop Recorders, Mobile Cardiac Telemetry Devices, Event Monitors, Holter Monitors, Smart ECG Monitors), Lead Type (12-Lead ECG Devices, 5-Lead ECG Devices, 3-Lead ECG Devices, 6-Lead ECG Devices, Single-Lead ECG Devices, Others), End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast to 2027
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According to MRFR analysis, Global Diagnostic Electrocardiograph (ECG) Market is expected to register a CAGR of 6.72% during the forecast period of 2019 to 2025 and reach USD 10,487.24 Million by 2025.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2018, owing to the rising prevalence of cardiovascular diseases in the region. The diagnostic electrocardiograph (ECG) market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European diagnostic electrocardiograph (ECG) market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The diagnostic electrocardiograph (ECG) market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population, the market in Asia-Pacific is expected to be the fastest-growing. The diagnostic electrocardiograph (ECG) market in the Middle East & Africa has been divided into the Middle East and Africa.
Segmentation
The Global Diagnostic Electrocardiograph (ECG) Market has been segmented based on the product Type, Lead Type, and End User.
Based on the product type, the global diagnostic electrocardiograph (ECG) market has been segmented into resting ECG devices, stress ECG devices, implantable loop recorders, mobile cardiac telemetry devices, event monitors, Holter monitors, and smart ECG monitors. The resting ECG devices segment held the largest market share in 2018, owing to its high usage in hospitals across the world.
On the basis of lead type, the market has been segmented into 12-lead ECG devices, 5-lead ECG devices, 3-lead ECG devices, 6-lead ECG devices, and single-lead ECG devices. The 3-lead ECG devices segment is expected to grow at the fastest CAGR during the forecast period owing to its increasing usage in a variety of cardiac diagnostic tests.
The market based on end-user has been segmented into hospitals & clinics, ambulatory surgical centers, and others. The ambulatory surgical center's segment is expected to demonstrate the fastest growth during the forecast period due to its increasing popularity in developing countries.
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