The echocardiography (ECG) devices market size is set to grow by USD 4102.12 million from 2022 to 2027. However, the growth momentum will be progressing at a CAGR of 5.7% during the forecast period, according to Technavio. The echocardiography (ECG) devices market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.
Allengers Medical Systems Ltd., Bionet Co. Ltd., Cardinal Health Inc., DMS Service LLC, Fukuda Denshi Co. Ltd., General Electric Co., Halma Plc, Hill Rom Holdings Inc., iRhythm Technologies Inc., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Nasiff Associates Inc., NEXUS LIFECARE PVT. LTD., Nihon Kohden Corp., Norav Medical, OSI Systems Inc., SCHILLER AG, Wuhan Zoncare Biomedical Electronics Co. Ltd., and AliveCor Inc. are some of the major market participants – To know about the vendor offerings – Request a sample report
Echocardiography (ECG) Devices Market 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The echocardiography (ECG) devices market report covers the following areas:
- Echocardiography (ECG) Devices Market Size
- Echocardiography (ECG) Devices Market Trends
- Echocardiography (ECG) Devices Market Industry Analysis
- Porter’s Five Forces Analysis
- Customer Landscape
Market Driver
- Increased incidence of cardiac disorders
- Focus on preventive treatment
- New product launches
Market Trend
- Integration of technologies to develop advanced ECG devices
- Paradigm shift toward portable devices
- Increased funding to companies
Market Challenges
- High cost of ECG products and procedures
- Intense competition among vendors
- Stringent regulatory process
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Echocardiography (ECG) Devices Market 2023-2027: Segment Analysis
- End-user
- Hospitals: The market share growth by the hospital segment will be significant during the forecast period. The hospitals segment was valued at USD 6,995.03 million in 2017 and continue to grow by 2021.
- Diagnostic Centers
- Product
- Resting
- Ambulatory
- Stress
- Geography
- North America: North America is estimated to contribute 42% to the growth of the global market during the forecast period. The rapid growth of the ECG devices market in North America can be attributed to the high healthcare expenditure on CVD, a rise in the adoption of technologically advanced ECG devices, a high prevalence of CVD, the increasing geriatric population, and the high number of ECG procedures performed.
- Europe
- Asia
- Rest Of World (ROW)
The competitive scenario categorizes companies based on various performance
indicators. Some of the factors considered include the financial performance of
companies, growth strategies, product innovations, new product launches, investments,
and growth in market share, among others Buy the Report
Echocardiography (ECG) Devices Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist echocardiography (ECG) devices market growth during the next five years
- Estimation of the echocardiography (ECG) devices market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the echocardiography (ECG) devices market across North America, Europe, APAC, and Rest of World (ROW)
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of echocardiography (ECG) devices market vendors
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| Echocardiography (ECG) Devices Market Scope | |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 5.7% |
| Market growth 2023-2027 | USD 4102.12 million |
| Market structure | Fragmented |
| YoY growth 2022-2023 (%) | 5.6 |
| Regional analysis | North America, Europe, APAC, and Rest of World (ROW) |
| Performing market contribution | North America at 42% |
| Key countries | US, Russia, China, Japan, and Germany |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Allengers Medical Systems Ltd., Bionet Co. Ltd., Cardinal Health Inc., DMS Service LLC, Fukuda Denshi Co. Ltd., General Electric Co., Halma Plc, Hill Rom Holdings Inc., iRhythm Technologies Inc., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Nasiff Associates Inc., NEXUS LIFECARE PVT. LTD., Nihon Kohden Corp., Norav Medical, OSI Systems Inc., SCHILLER AG, Wuhan Zoncare Biomedical Electronics Co. Ltd., and AliveCor Inc. |
| Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global echocardiography (ECG) devices market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on Global echocardiography (ECG) devices market 2017 – 2021 ($ million)
- 4.2 End-user Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
- 4.3 Product Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
- Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user
- 6.3 Hospitals – Market size and forecast 2022-2027
- Exhibit 34: Chart on Hospitals – Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Hospitals – Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Hospitals – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Hospitals – Year-over-year growth 2022-2027 (%)
- 6.4 Diagnostic centers – Market size and forecast 2022-2027
- Exhibit 38: Chart on Diagnostic centers – Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Diagnostic centers – Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Diagnostic centers – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Diagnostic centers – Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by End-user
- Exhibit 42: Market opportunity by End-user ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 43: Chart on Product – Market share 2022-2027 (%)
- Exhibit 44: Data Table on Product – Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product
- 7.3 Resting – Market size and forecast 2022-2027
- Exhibit 47: Chart on Resting – Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Resting – Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Resting – Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Resting – Year-over-year growth 2022-2027 (%)
- 7.4 Ambulatory – Market size and forecast 2022-2027
- Exhibit 51: Chart on Ambulatory – Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Ambulatory – Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Ambulatory – Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Ambulatory – Year-over-year growth 2022-2027 (%)
- 7.5 Stress – Market size and forecast 2022-2027
- Exhibit 55: Chart on Stress – Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Stress – Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Stress – Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Stress – Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Product
- Exhibit 59: Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison
- 9.3 North America – Market size and forecast 2022-2027
- Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.4 Europe – Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.5 Asia – Market size and forecast 2022-2027
- Exhibit 73: Chart on Asia – Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Asia – Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Asia – Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Asia – Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) – Market size and forecast 2022-2027
- Exhibit 77: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
- 9.7 US – Market size and forecast 2022-2027
- Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.8 China – Market size and forecast 2022-2027
- Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.9 Germany – Market size and forecast 2022-2027
- Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.10 Russia – Market size and forecast 2022-2027
- Exhibit 93: Chart on Russia – Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on Russia – Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on Russia – Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Russia – Year-over-year growth 2022-2027 (%)
- 9.11 Japan – Market size and forecast 2022-2027
- Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 105: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 106: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification
- 12.3 AliveCor Inc.
- Exhibit 108: AliveCor Inc. – Overview
- Exhibit 109: AliveCor Inc. – Product / Service
- Exhibit 110: AliveCor Inc. – Key offerings
- 12.4 Allengers Medical Systems Ltd.
- Exhibit 111: Allengers Medical Systems Ltd. – Overview
- Exhibit 112: Allengers Medical Systems Ltd. – Product / Service
- Exhibit 113: Allengers Medical Systems Ltd. – Key offerings
- 12.5 Bionet Co. Ltd.
- Exhibit 114: Bionet Co. Ltd. – Overview
- Exhibit 115: Bionet Co. Ltd. – Product / Service
- Exhibit 116: Bionet Co. Ltd. – Key offerings
- 12.6 Cardinal Health Inc.
- Exhibit 117: Cardinal Health Inc. – Overview
- Exhibit 118: Cardinal Health Inc. – Business segments
- Exhibit 119: Cardinal Health Inc. – Key news
- Exhibit 120: Cardinal Health Inc. – Key offerings
- Exhibit 121: Cardinal Health Inc. – Segment focus
- 12.7 DMS Service LLC
- Exhibit 122: DMS Service LLC – Overview
- Exhibit 123: DMS Service LLC – Product / Service
- Exhibit 124: DMS Service LLC – Key offerings
- 12.8 General Electric Co.
- Exhibit 125: General Electric Co. – Overview
- Exhibit 126: General Electric Co. – Business segments
- Exhibit 127: General Electric Co. – Key news
- Exhibit 128: General Electric Co. – Key offerings
- Exhibit 129: General Electric Co. – Segment focus
- 12.9 Halma Plc
- Exhibit 130: Halma Plc – Overview
- Exhibit 131: Halma Plc – Business segments
- Exhibit 132: Halma Plc – Key news
- Exhibit 133: Halma Plc – Key offerings
- Exhibit 134: Halma Plc – Segment focus
- 12.10 Hill Rom Holdings Inc.
- Exhibit 135: Hill Rom Holdings Inc. – Overview
- Exhibit 136: Hill Rom Holdings Inc. – Business segments
- Exhibit 137: Hill Rom Holdings Inc. – Key news
- Exhibit 138: Hill Rom Holdings Inc. – Key offerings
- Exhibit 139: Hill Rom Holdings Inc. – Segment focus
- 12.11 iRhythm Technologies Inc.
- Exhibit 140: iRhythm Technologies Inc. – Overview
- Exhibit 141: iRhythm Technologies Inc. – Product / Service
- Exhibit 142: iRhythm Technologies Inc. – Key offerings
- 12.12 Koninklijke Philips NV
- Exhibit 143: Koninklijke Philips NV – Overview
- Exhibit 144: Koninklijke Philips NV – Business segments
- Exhibit 145: Koninklijke Philips NV – Key news
- Exhibit 146: Koninklijke Philips NV – Key offerings
- Exhibit 147: Koninklijke Philips NV – Segment focus
- 12.13 Medtronic Plc
- Exhibit 148: Medtronic Plc – Overview
- Exhibit 149: Medtronic Plc – Business segments
- Exhibit 150: Medtronic Plc – Key news
- Exhibit 151: Medtronic Plc – Key offerings
- Exhibit 152: Medtronic Plc – Segment focus
- 12.14 Nasiff Associates Inc.
- Exhibit 153: Nasiff Associates Inc. – Overview
- Exhibit 154: Nasiff Associates Inc. – Product / Service
- Exhibit 155: Nasiff Associates Inc. – Key offerings
- 12.15 Nihon Kohden Corp.
- Exhibit 156: Nihon Kohden Corp. – Overview
- Exhibit 157: Nihon Kohden Corp. – Product / Service
- Exhibit 158: Nihon Kohden Corp. – Key news
- Exhibit 159: Nihon Kohden Corp. – Key offerings
- 12.16 OSI Systems Inc.
- Exhibit 160: OSI Systems Inc. – Overview
- Exhibit 161: OSI Systems Inc. – Business segments
- Exhibit 162: OSI Systems Inc. – Key offerings
- Exhibit 163: OSI Systems Inc. – Segment focus
- 12.17 SCHILLER AG
- Exhibit 164: SCHILLER AG – Overview
- Exhibit 165: SCHILLER AG – Product / Service
- Exhibit 166: SCHILLER AG – Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 167: Inclusions checklist
- Exhibit 168: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 169: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 170: Research methodology
- Exhibit 171: Validation techniques employed for market sizing
- Exhibit 172: Information sources
- 13.5 List of abbreviations
- Exhibit 173: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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