ECG Monitoring Systems Market to Show High Single-Digit CAGR as CVDs Continue to be Leading Cause of Death Globally

An electrocardiogram (ECG) is a test that helps medical practitioners check whether any abnormalities exist in the electrical activity of the heart. The results from an ECG are rendered in the form of line tracings/spikes on a sheet of paper. ECG monitoring systems are the devices used during the ECG test procedure. Any abnormalities in the functioning of the heart can be spotted via an ECG monitoring system, which has several parts such as: Rest ECG recorders, event recorders, ECG stress testing systems, and Holter monitors.

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Analysis from latest market research reports shows that the global ECG monitoring systems market will be valued at US$822.1 million in 2016, demonstrating a CAGR of 7.6% between 2011 and 2016. While 262.1 thousand units were reportedly shipped in 2011 globally, it is estimated that by 2016, this number would have grown to 374.8 thousand units, translating into a CAGR of 7.4% between this period. The shipments of rest ECG monitoring systems topped the market in 2011 whereas the selling price of stress ECG monitoring systems was seen to be the highest.

Soaring Incidence of Cardiovascular Diseases Creates Pressing Need for More ECG Monitoring Systems Worldwide

The growth of the ECG monitoring systems market is hinged on the alarming rise in the number of cardiovascular diseases globally. In fact, the World Health Organization (WHO) states that cardiovascular diseases are the leading cause of deaths globally. In 2012 alone, 17.5 million deaths worldwide resulted from cardiovascular diseases with coronary heart diseases accounting for a larger share of these deaths. 

ECG monitoring systems play a central role in identifying problems with the heart and helping cardiologists offer timely treatment. By detecting abnormal functioning of the heart before the problem escalates into something more severe, ECG monitoring systems have gained much recognition in the preventative healthcare ecosystem. Besides, patients—not just in developed countries but also in the developing ones—are now more inclined toward maintaining a healthy lifestyle. This creates a conducive environment in which the global ECG monitoring systems market will thrive. At the same time, consumers are expending more on healthcare packages and cardiovascular health forms an integral part of this expenditure – this bodes well for the global ECG monitoring systems market.

United States Leads the ECG Monitoring Systems Market Globally While Germany Comes a Distant Second

About 80% of all cardiovascular deaths worldwide occur in low- and middle-income nations. However, when it comes to the global ECG monitoring systems market, it is the United States that steals a march over all other countries worldwide. The U.S. is trailed by Germany. The use of holter monitor tests is seen to be appreciable in the U.S., and this market segment will report an 8.9% CAGR between 2011 and 2016. The expansion of the event monitor tests segment in U.S. will likely show a CAGR of 3.1% from 2011 through 2016. 

In 2011, the U.S. ECG monitoring systems market was reported to be the largest worldwide, with revenues amounting to US$197.8 million. By 2016, the total shipments of ECG monitoring systems will touch 94.6 thousand units in the U.S. Following far behind the United States in 2011 was Germany, with a revenue of US$54.9 million.

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