Europe Ecg Equipment And Management Systems Market Size & Outlook
Europe ecg equipment and management systems market, 2016-2028 (US$M)
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Europe ecg equipment and management systems market highlights
- The Europe ecg equipment and management systems market generated a revenue of USD 1,698.9 million in 2021.
- The market is expected to grow at a CAGR of 6.3% from 2022 to 2028.
- In terms of segment, resting ecg systems was the largest revenue generating type in 2021.
- ECG Management System is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | USD 1,698.9 million |
| Market revenue in 2028 | USD 2,609.2 million |
| Growth rate | 6.3% (CAGR from 2021 to 2028) |
| Largest segment | Resting ecg systems |
| Fastest growing segment | ECG Management System |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Resting ECG Systems, Holter Monitoring Systems, Stress ECG Monitors, Event Monitoring Systems, ECG Management System |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Nihon Kohden Corp, CompuMed Inc, Koninklijke Philips NV, McKesson Corp, Draegerwerk AG & Co KGaA, CardioComm Solutions Inc, Hill-Rom, Mindray Medical International, BioTelemetry, SCHILLER, Spacelabs Healthcare, Device Technologies Australia, ZOLL Medical Corporation, Medical Econet, Meditech |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.2% of the global ecg equipment and management systems market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,143.9 million by 2028.
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ECG Equipment And Management Systems Market Scope
ECG Equipment And Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe ecg equipment and management systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ecg equipment and management systems market will help companies and investors design strategic landscapes.
Resting ecg systems was the largest segment with a revenue share of 56.53% in 2021. Horizon Databook has segmented the Europe ecg equipment and management systems market based on resting ecg systems, holter monitoring systems, stress ecg monitors, event monitoring systems, ecg management system covering the revenue growth of each sub-segment from 2016 to 2028.
The market in Europe is likely to witness high growth due to the local presence of major market players and technological developments in wearable monitors for ambulatory monitoring. Furthermore, growing preferences for portable ECG devices with disposable wires that can be stuck to the patient's chest and app-based ECG monitors are contributing to market growth.
Furthermore, the increasing incidence of CVDs, growing geriatric population, and favorable regulatory conditions are expected to boost the market during the forecast period. In Europe, AFib is the most commonly prevalent cardiac arrhythmia among the general population.
The prevalence is estimated to rise from 7.8% to 9.5%, an increase of 22%, during 2016-2060. It is the leading cause of stroke, heart attack, and death. Undiagnosed AFib increases the risk of stroke by five times, and 20-80% of stroke cases are caused by AFib.
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Our clientele includes a mix of ecg equipment and management systems market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ecg equipment and management systems market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ecg equipment and management systems market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Europe ecg equipment and management systems market size, by country, 2016-2028 (US$M)
Europe ECG Equipment And Management Systems Market Outlook Share, 2021 & 2028 (US$M)
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