The global single lead ecg equipment market size is valued at USD 405.06 million in 2021 and is expected to reach USD 405.06 million by 2028, at a CAGR of 4.7% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Single Lead ECG Equipment Market: By Product Type (Recording based Single lead ECG Equipment, Real time single lead ECG equipment), By Indication (Arrhythmia, Syncope and Others), By End User (Hospitals & Clinics, Homecare, ASCs), and Geography- Global/Region/Country Forecast to 2028”.

 

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Growing Research towards Portable ECG Monitoring Devices is expected to Fuel the Market Growth
Increasing cases of cardiac illnesses all across the world is the leading factor to drive single lead ECG equipment market growth. Moreover, there are a few more factors, which are anticipated to augment the sales of the single lead ECG equipment market such as unhealthy good habits, trend of personalized health monitoring, growing research towards portable ECG monitoring devices like ECG in smart watches and mobile phones, growing consciousness about cardiovascular illnesses, approving government initiatives for remote monitoring equipment and increasing cases of metabolic disorders.

One of the leading factors to impel the global single lead ECG equipment market is increasing cases of cardiac illnesses such as myocardial infraction, myocardial ischemia and heart failure. Around 17.9 Mn people die due to cardiovascular illnesses every year all across the world according to WHO 2018. More than 4 million patients are suffering from arrhythmias according to American Heart Association and causes around half a million deaths in the U.S. every year. Rising application of single lead ECG equipment in meat industry, growing consciousness about early diagnosis of such illnesses and increase in funding for the R&D activities by private and public segments are projected to fuel the growth of global single lead ECG equipment market over the estimated years.

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North America Witnesses the Larger Revenue Share in the Global Single Lead ECG Equipment Market
North America witnessed for major revenue share in the global single lead ECG equipment market witnessing considerable CAGR rate due to the presence of major key players in the region, huge developments in technologies, increasing cases of cardiac illnesses, growing count of research activities and advancements in hoe care and ambulatory health care. Asia Pacific region is anticipated to witness considerable growth rate over the estimation period due to the increasing cases of cardiac issues, growing demands towards wearable devices, presence of high target population and growing disposable income are propelling the market in the region.

Competitive Analysis - Global Single Lead ECG Equipment Market
Major players operating in the global single lead ECG equipment market are Medtronic Plc. (Ireland), AliveCor Inc. (US), LifeWatch AG (Switzerland), OMRON Healthcare (Japan), iRhythm Technologies Ltd. (US), Lohman Technologies (US), Suzuken Co. Ltd. (Japan), Tianjin Chase Sun Pharmaceutical Co., Ltd. (China) and Reka Health Pte Ltd (Singapore). Key players in the market focus on implementing a few key strategies.

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