Electrocardiograph (ECG) Market to Register a Stout Growth by End 2023
Posted by sanjayhande on November 29th, 2019
According to the report, the global electrocardiograph (ECG) market was pegged at .79 billion in 2017 and is expected to reach .64 billion by 2023, registering a CAGR of 5.6% during the period 2017–2023.
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Growth Drivers and Industry Trends
Based on lead type, the market is divided into single lead, 3-6 lead, and 12-lead. The 3-6 lead segment dominated the market in 2017, contributing more than two-fifths of the market. Moreover, the segment is expected to manifest the fastest CAGR of 6.1% during the forecast period.
Segmentation Analysis of the Industry
On the basis of end user, the market is bifurcated into hospitals & clinics, home settings & ambulatory surgical centers (ASCs), and others. The hospitals & clinics segment held the largest share in 2017, contributing nearly three-fourths of the market. However, the home settings & ambulatory surgical centers (ASCs) segment is projected to portray the fastest CAGR of 7.5% through 2023.
The market is analyzed across various regions such as North America, Asia-Pacific, Europe, and LAMEA. The market in North America held the lion’s share in 2017, contributing nearly two-fifths of the market. However, the market in the Asia-Pacific region is projected to manifest the fastest CAGR of 6.9% during the forecast period.
Industry Key Players
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About the Authorsanjayhande
Joined: October 17th, 2019
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