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EUROPE ECG EQUIPMENT MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe ECG Equipment Market by Lead Type (Single Lead, 3-6 Lead, 12-lead) Market by Product (Diagnostic ECG System, Monitoring ECG System) Market by System (Stationary ECG System, Portable ECG System) Market by End-user (Hospitals & Clinics, Home/ambulatory Care, Other End-users) by Geography

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MARKET OVERVIEW

The Europe ECG equipment market is predicted to grow with a CAGR of 5.67% during the forecast period of 2023-2032, acquiring a revenue share of $3260.79 million by 2032.

Some of the top growth determining factors of the region’s market include the significant healthcare burden of cardiovascular diseases (CVDs), the aging population, as well as the implementation of supportive government policies & initiatives by various countries in order to address the high rates of morbidity and deaths due to heart conditions. However, the Europe ECG equipment market will likely face challenges like the increasing number of regulations governing the sale and use of medical devices, resulting in added costs and complexities.

Europe-ECG-Equipment-Market

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The United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe are considered for the Europe ECG equipment market growth evaluation. Cardiovascular diseases (CVDs) pose a substantial healthcare burden in the United Kingdom. As per the British Heart Foundation, the country harbors a considerable population of approximately 7.6 million individuals currently living with heart as well as circulatory diseases. Moreover, factors such as population growth, advancements in medical care leading to improved survival rates from heart and circulatory events, as well as the rising geriatric populace are set to further raise this number in the upcoming years. In addition, heart attacks are a highly prevalent concern in the United Kingdom, resulting in around 100,000 hospital admissions annually.

On the other hand, the increasing incidence of cardiovascular diseases in Germany is one of the leading factors driving the demand for ECG equipment in the country. As per the Robert Koch Institute, cardiovascular diseases are the major cause of death in Germany, accounting for approximately 40% of all fatalities. Moreover, in 2020, the nation performed a notable number of heart bypass procedures compared to other EU Member States, with a total of 38,900 heart bypass surgeries. As a result, the aforementioned factors are anticipated to augment the Europe ECG equipment market growth during the forecasting years. 

The Europe ECG equipment market is segmented into lead type, product, system, and end-user. The product segment includes diagnostic ECG system and monitoring ECG system. Diagnostic ECG systems comprise rest ECG systems, Holter ECG systems, and stress ECG systems. Some of the key aspects contributing to the segment’s growth include cost-effectiveness, the ability to record cardiac electrical activity for an extended duration, and portability. 

Accordingly, resting ECG systems are widely adopted owing to the increase in heart diseases as well as the growing adoption of ECG products. These systems offer ECG analysis and data connectivity, while the optional spirometry module helps conduct two reimbursable tests with just one device. This, as a result, enhances workflow, saves time, and efficiently manages patient information.

Leading players operating in the Europe ECG equipment are ZOLL Medical Corporation, Welch Allyn, Schiller AG, etc. 

Schiller AG is a medical device company headquartered in Switzerland. It supplies as well as manufactures products like ambulatory blood pressure monitoring units, fixed cath labs, spirometry, defibrillators, bicycle ergometry, diagnostic cardiopulmonary systems, and others. The company also provides products for defibrillation and patient monitoring, and cardiopulmonary diagnostics, in addition to software solutions for the medical industry.

The CARDIOVIT AT-102 G2 by Schiller AG features an 8” color display with touch function keys as well as smart battery technology, guaranteeing over 8 hours of ECG recording.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million), Volume (Kilotons)
Segments Analyzed
Lead Type, Product, System, End-User
Countries AnalyzedUnited Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe
Companies AnalyzedBionet Co Ltd, BioTelemetry Inc, CompuMed Inc, GE Healthcare, Hill-Rom Holdings Inc, McKesson Corporation, Mindray Medical International Limited, Nihon Kohden Corporation, Philips Healthcare, Schiller AG, Siemens Healthineers AG, Spacelabs Healthcare, Welch Allyn Inc, ZOLL Medical Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. PREVALENCE OF CARDIOVASCULAR DISEASES
      2. INCREASING USAGE OF MONITORING DEVICES DUE TO RISING GERIATRIC POPULATION
      3. GROWING HEALTHCARE SPENDING
    2. KEY RESTRAINTS
      1. INTENSE COMPETITION AMONG VENDORS
      2. COMPLEX REIMBURSEMENT POLICIES REGARDING CARDIOVASCULAR DISEASES (CVD)
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. VALUE CHAIN ANALYSIS
    4. KEY BUYING CRITERIA
    5. REGULATORY FRAMEWORK
  5. MARKET BY LEAD TYPE
    1. SINGLE LEAD
    2. 3-6 LEAD
    3. 12-LEAD
  6. MARKET BY PRODUCT
    1. DIAGNOSTIC ECG SYSTEM
      1. REST ECG SYSTEM
      2. STRESS ECG SYSTEM
      3. HOLTER ECG SYSTEM
    2. MONITORING ECG SYSTEM
      1. EVENT MONITORING
      2. CONTINUOUS MONITORING
      3. REMOTE MONITORING
  7. MARKET BY SYSTEM
    1. STATIONARY ECG SYSTEM
    2. PORTABLE ECG SYSTEM
      1. APPLICATIONS OF PORTABLE ECG SYSTEMS IN DIGITAL AND TELEHEALTH MARKET
        1. CASE STUDY- 1: DEVELOPMENT OF PORTABLE ECG DEVICES
        2. CASE STUDY- 2: TELECARDIOLOGY
        3. CASE STUDY- 3: USE OF WEARABLE DEVICES FOR AMBULATORY MONITORING
      2. HANDHELD ECG SYSTEM
      3. WEARABLE ECG SYSTEM
      4. PEN ECG SYSTEM
      5. OTHER PORTABLE ECG SYSTEMS
  8. MARKET BY END-USER
    1. HOSPITALS & CLINICS
    2. HOME/AMBULATORY CARE
    3. OTHER END-USERS
  9. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE ECG EQUIPMENT MARKET DRIVERS
      3. EUROPE ECG EQUIPMENT MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE ECG EQUIPMENT MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BIONET CO LTD
      2. BIOTELEMETRY INC
      3. COMPUMED INC
      4. GE HEALTHCARE
      5. HILL-ROM HOLDINGS INC
      6. MCKESSON CORPORATION
      7. MINDRAY MEDICAL INTERNATIONAL LIMITED
      8. NIHON KOHDEN CORPORATION
      9. PHILIPS HEALTHCARE
      10. SCHILLER AG
      11. SIEMENS HEALTHINEERS AG
      12. SPACELABS HEALTHCARE (SUBSIDIARY OF OSI SYSTEMS INC)
      13. WELCH ALLYN INC (ACQUIRED BY HILL-ROM)
      14. ZOLL MEDICAL CORPORATION (ACQUIRED BY ASAHI KASEI)

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ECG EQUIPMENT

TABLE 2: TYPES OF CARDIOVASCULAR DISEASES

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: EUROPE ECG EQUIPMENT MARKET, BY LEAD TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: EUROPE ECG EQUIPMENT MARKET, BY LEAD TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: EUROPE ECG EQUIPMENT MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: EUROPE ECG EQUIPMENT MARKET, BY PRODUCT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: EUROPE ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: EUROPE ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: EUROPE ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: EUROPE ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: EUROPE ECG EQUIPMENT MARKET, BY SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: EUROPE ECG EQUIPMENT MARKET, BY SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: EUROPE ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: EUROPE ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: PROS AND CONS OF COMMERCIALLY AVAILABLE PORTABLE ECG DEVICES

TABLE 17: EUROPE ECG EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 18: EUROPE ECG EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 19: EUROPE ECG EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 20: EUROPE ECG EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 21: KEY PLAYERS OPERATING IN EUROPE ECG EQUIPMENT MARKET

TABLE 22: LIST OF MERGERS & ACQUISITIONS

TABLE 23: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 24: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 25: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY FACTS ABOUT CARDIOVASCULAR DISEASES

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: EUROPE ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY LEAD TYPE, IN 2022

FIGURE 7: EUROPE ECG EQUIPMENT MARKET, BY SINGLE LEAD, 2023-2032 (IN $ MILLION)

FIGURE 8: EUROPE ECG EQUIPMENT MARKET, BY 3-6 LEAD, 2023-2032 (IN $ MILLION)

FIGURE 9: EUROPE ECG EQUIPMENT MARKET, BY 12-LEAD, 2023-2032 (IN $ MILLION)

FIGURE 10: EUROPE ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022

FIGURE 11: EUROPE ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 12: EUROPE ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY DIAGNOSTIC ECG SYSTEM, IN 2022

FIGURE 13: EUROPE ECG EQUIPMENT MARKET, BY REST ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 14: EUROPE ECG EQUIPMENT MARKET, BY STRESS ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 15: EUROPE ECG EQUIPMENT MARKET, BY HOLTER ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 16: EUROPE ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 17: EUROPE ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY MONITORING ECG SYSTEM, IN 2022

FIGURE 18: EUROPE ECG EQUIPMENT MARKET, BY EVENT MONITORING, 2023-2032 (IN $ MILLION)

FIGURE 19: EUROPE ECG EQUIPMENT MARKET, BY CONTINUOUS MONITORING, 2023-2032 (IN $ MILLION)

FIGURE 20: EUROPE ECG EQUIPMENT MARKET, BY REMOTE MONITORING, 2023-2032 (IN $ MILLION)

FIGURE 21: EUROPE ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY SYSTEM, IN 2022

FIGURE 22: EUROPE ECG EQUIPMENT MARKET, BY STATIONARY ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 23: EUROPE ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 24: EUROPE ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY PORTABLE ECG SYSTEM, IN 2022

FIGURE 25: USE CASES OF WEARABLE MONITORING DEVICES

FIGURE 26: EUROPE ECG EQUIPMENT MARKET, BY HANDHELD ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 27: EUROPE ECG EQUIPMENT MARKET, BY WEARABLE ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 28: EUROPE ECG EQUIPMENT MARKET, BY PEN ECG SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 29: EUROPE ECG EQUIPMENT MARKET, BY OTHER PORTABLE ECG SYSTEMS, 2023-2032 (IN $ MILLION)

FIGURE 30: EUROPE ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 31: EUROPE ECG EQUIPMENT MARKET, BY HOSPITALS & CLINICS, 2023-2032 (IN $ MILLION)

FIGURE 32: EUROPE ECG EQUIPMENT MARKET, BY HOME/AMBULATORY CARE, 2023-2032 (IN $ MILLION)

FIGURE 33: EUROPE ECG EQUIPMENT MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)

FIGURE 34: EUROPE ECG EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 35: UNITED KINGDOM ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: GERMANY ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: FRANCE ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: ITALY ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: SPAIN ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: BELGIUM ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: POLAND ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: REST OF EUROPE ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

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