ECG Monitoring Systems Market, By Equipment Type (ECG Monitoring Equipment, Holter Monitoring Systems, ECG Stress Testing Systems, Event Monitoring Systems), By End User (Hospitals, Ambulatory Surgical Centers, Clinics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Jul 2023

Code : CMI4027

Pages :180

Formats :

Excel and PDF

Industry : Medical Devices

Ecg Monitoring Systems MarketSize and Trends

The global ECG monitoring systems market is estimated to be valued at US$ 1,378.3 Million in 2023 and is expected to exhibit a CAGR of 8.1% during the forecast period (2023-2030).

Figure 1. Global ECG Monitoring Systems Market Share (%), By Equipment Type, 2023

Global ECG Monitoring Systems Market– Driver

Increasing prevalence of cardiovascular diseases

Increasing prevalence of cardiovascular diseases is expected to propel growth of the global ECG monitoring systems market over the forecast period. For instance, according to the American Heart Association's Heart and Stroke Statistics 2021 update, around 48% of all adults in the U.S. suffered from some type of cardiovascular disease in 2020. Smoking has a high prevalence of optimum levels for a cardiovascular disease component (79.8% of individuals say they have never smoked or have never smoked in the past 12 months).

Growing geriatric population

Growing geriatric population can also drive the ECG monitoring systems market growth. For instance, according to an article published in World Health Orgnisation in November 2022, reported 1 in 6 people in the world will be aged 60 years or over in 2030. The share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). Non- cystic fibrosis bronchiectasis is the most common in elderly and frailer patients with estimated cases of 50% in patients over 65 years of age and 19.1% in patients over 75 years old.