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Electrocardiograph (ECG) Market Is Expected to Reach $18.4 Bn by 2030: Allied Market Research

May 11, 2022
Electrocardiograph (ECG) Market Is Expected to Reach .4 Bn by 2030: Allied Market Research

Rise in R&D activities, new product development, and innovations in designing electrocardiographs drive the growth of the global electrocardiograph (ECG) market. North America accounted for the highest share in 2020, and is projected to continue its leadership status by 2030. The visits to healthcare facilities such as clinics and hospitals for consulting and treatment of conditions that require electrocardiographs reduced due to closure of many clinics during the pandemic.

/EIN News/ — Portland, OR, May 09, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global electrocardiograph (ECG) market generated $8.3 billion in 2020, and is estimated to reach $18.4 billion by 2030, witnessing a CAGR of 8.3% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Rise in R&D activities, new product development, and innovations in designing electrocardiographs drive the growth of the global electrocardiograph (ECG) market. However, unfavorable reimbursement policies and lack of skilled professionals restrain the market growth. On the other hand, advancements in technologies present new opportunities in the coming years.

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Covid-19 Scenario:

  • The visits to healthcare facilities such as clinics and hospitals for consulting and treatment of conditions that require electrocardiographs reduced due to closure of many clinics with lockdown and measures taken to avoid cross-contamination during the Covid-19 pandemic.
  • Many hospitals shifted their staff to take care of Covid-infected patients and postponed many non-elective surgeries. This led to reduced revenue for the electrocardiograph (ECG) market worldwide.

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The report offers detailed segmentation of the global electrocardiograph (ECG) market based on product, end user, lead type, and region.

Based on product, the resting electrocardiograph (ECG) segment contributed to the highest share in 2020, holding nearly two-fifths of the total market share, and is estimated to continue its lead position during the forecast period. However, the holter monitors segment is projected to manifest the largest CAGR of 11.6% from 2021 to 2030.

Based on end user, the hospitals & clinics segment held the largest share in 2020, accounting for nearly three-fourths of the global electrocardiograph (ECG) market, and is expected to maintain its dominance in terms of revenue by 2030. However, the home settings & ambulatory surgical centers (ASCs) segment is estimated to witness the largest CAGR of 10.0% during the forecast period.

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Based on region, North America accounted for the highest share in 2020, contributing to nearly two-fifths of the total market share, and is projected to continue its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 10.2% during the forecast period.

Leading players of the global electrocardiograph (ECG) market analyzed in the research include Ambu A/S, BPL Medical Technologies Private Limited, Baxter International Inc., Johnson & Johnson, Fukuda Denshi Co. Ltd., Medtronic Plc., Koninklijke Philips N.V., Schiller AG, Nihon Kohden Corporation, and Shenzhen Mindray Bio-Medical Electronics Co.

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Article originally published at https://www.einpresswire.com/article/571664613/electrocardiograph-ecg-market-is-expected-to-reach-18-4-bn-by-2030-allied-market-research

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