Global Electrocardiograph Market: Regional Insights
Based on geography, the global electrocardiograph market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to gain highest share in the market during the forecast period due to the increasing burden of cardiovascular diseases, growing geriatric population, rising focus on patient care, and well-established healthcare infrastructure in the region. For instance, as per the American College of Cardiology Foundation, 2022 report, the prevalence of valvular heart diseases (VHD) is rising in the U.S., with around 5 million Americans diagnosed each year, while more than 1.5 million people in the U.S suffer from aortic stenosis (valvular heart disease). This in turn is expected to drive growth of the market in North America.
Asia Pacific is also expected to witness robust growth in the global electrocardiograph market due to the increasing prevalence of cardiovascular diseases (CVDs), increase in number of ECG tests, growing geriatric population, and well-established healthcare infrastructure in this region. CVDs have now become the leading cause of mortality in India. According to the National Institutes of Health (NIH), cardiovascular disease (CVDs) such as ischaemic heart disease and cerebrovascular such as stroke account for 17.7 million deaths. This is due to a remarkable change in lifestyle, lack of physical activity, poor diet, and addiction to tobacco and alcohol.
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