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Report
Asia-Pacific ECG Equipment Market Forecast 2023-2032
Market Report I 2023-06-16 I 167 Pages I Inkwood Research
KEY FINDINGS
The Asia-Pacific ECG equipment market is anticipated to progress with a CAGR of 6.61% over the forecasted years of 2023 to 2032. The market growth of the region is attributable to the presence of an extensive network of electronic as well as semiconductor equipment, the high prevalence of cardiac disorders, and a robust medical device production base.
MARKET INSIGHTS
The Asia-Pacific ECG equipment market growth evaluation comprises the study of China, Indonesia, Vietnam, South Korea, Japan, India, Thailand, Australia & New Zealand, and Rest of Asia-Pacific. In Japan, the prevalence of cardiovascular risk factors like diabetes, high cholesterol, and hypertension is on the rise, as per a Journal of the American College of Cardiology article. This has led to the growing usage of ECG devices in clinics & hospitals. Also, the country is considered a major market for MedTech companies. The health plan in Japan is regulated by the government in order to make the monthly premium affordable. Further, the country has observed an increase in educational programs and campaigns to increase awareness about CVDs. Such factors, along with developed healthcare infrastructure, propel the demand for ECG equipment in Japan.
Conversely, South Korea has a growing prevalence of obesity, which subsequently increases the risk of diabetes and cardiovascular diseases. As a result, there has been a rise in the number of patients diagnosed with heart conditions. This factor has further increased the adoption of monitoring as well as portable cardiac rhythm management. Therefore, the increased adoption of advanced ECG devices, the surging geriatric population, and rising awareness are among the major drivers propelling the market growth in South Korea, and in turn, contributing to the overall growth of the Asia-Pacific ECG equipment market.
COMPETITIVE INSIGHTS
Some of the leading companies in the market include Mindray Medical International Limited, Nihon Kohden Corporation, Siemens Healthineers AG, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. PREVALENCE OF CARDIOVASCULAR DISEASES
3.1.2. INCREASING USAGE OF MONITORING DEVICES DUE TO RISING GERIATRIC POPULATION
3.1.3. GROWING HEALTHCARE SPENDING
3.2. KEY RESTRAINTS
3.2.1. INTENSE COMPETITION AMONG VENDORS
3.2.2. COMPLEX REIMBURSEMENT POLICIES REGARDING CARDIOVASCULAR DISEASES (CVD)
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. VALUE CHAIN ANALYSIS
4.4. KEY BUYING CRITERIA
4.5. REGULATORY FRAMEWORK
5. MARKET BY LEAD TYPE
5.1. SINGLE LEAD
5.2. 3-6 LEAD
5.3. 12-LEAD
6. MARKET BY PRODUCT
6.1. DIAGNOSTIC ECG SYSTEM
6.1.1. REST ECG SYSTEM
6.1.2. STRESS ECG SYSTEM
6.1.3. HOLTER ECG SYSTEM
6.2. MONITORING ECG SYSTEM
6.2.1. EVENT MONITORING
6.2.2. CONTINUOUS MONITORING
6.2.3. REMOTE MONITORING
7. MARKET BY SYSTEM
7.1. STATIONARY ECG SYSTEM
7.2. PORTABLE ECG SYSTEM
7.2.1. APPLICATIONS OF PORTABLE ECG SYSTEMS IN DIGITAL AND TELEHEALTH MARKET
7.2.1.1. CASE STUDY- 1: DEVELOPMENT OF PORTABLE ECG DEVICES
7.2.1.2. CASE STUDY- 2: TELECARDIOLOGY
7.2.1.3. CASE STUDY- 3: USE OF WEARABLE DEVICES FOR AMBULATORY MONITORING
7.2.2. HANDHELD ECG SYSTEM
7.2.3. WEARABLE ECG SYSTEM
7.2.4. PEN ECG SYSTEM
7.2.5. OTHER PORTABLE ECG SYSTEMS
8. MARKET BY END-USER
8.1. HOSPITALS & CLINICS
8.2. HOME/AMBULATORY CARE
8.3. OTHER END-USERS
9. GEOGRAPHICAL ANALYSIS
9.1. ASIA-PACIFIC
9.1.1. MARKET SIZE & ESTIMATES
9.1.2. ASIA-PACIFIC ECG EQUIPMENT MARKET DRIVERS
9.1.3. ASIA-PACIFIC ECG EQUIPMENT MARKET CHALLENGES
9.1.4. KEY PLAYERS IN ASIA-PACIFIC ECG EQUIPMENT MARKET
9.1.5. COUNTRY ANALYSIS
9.1.5.1. CHINA
9.1.5.1.1. CHINA ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.2. JAPAN
9.1.5.2.1. JAPAN ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.3. INDIA
9.1.5.3.1. INDIA ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.4. SOUTH KOREA
9.1.5.4.1. SOUTH KOREA ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.5. THAILAND
9.1.5.5.1. THAILAND ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.6. INDONESIA
9.1.5.6.1. INDONESIA ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.7. VIETNAM
9.1.5.7.1. VIETNAM ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.8. AUSTRALIA & NEW ZEALAND
9.1.5.8.1. AUSTRALIA & NEW ZEALAND ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
9.1.5.9. REST OF ASIA-PACIFIC
9.1.5.9.1. REST OF ASIA-PACIFIC ECG EQUIPMENT MARKET SIZE & OPPORTUNITIES
10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGERS & ACQUISITIONS
10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
10.1.3. PARTNERSHIPS & AGREEMENTS
10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
10.2. COMPANY PROFILES
10.2.1. BIONET CO LTD
10.2.2. BIOTELEMETRY INC
10.2.3. COMPUMED INC
10.2.4. GE HEALTHCARE
10.2.5. HILL-ROM HOLDINGS INC
10.2.6. MCKESSON CORPORATION
10.2.7. MINDRAY MEDICAL INTERNATIONAL LIMITED
10.2.8. NIHON KOHDEN CORPORATION
10.2.9. PHILIPS HEALTHCARE
10.2.10. SCHILLER AG
10.2.11. SIEMENS HEALTHINEERS AG
10.2.12. SPACELABS HEALTHCARE (SUBSIDIARY OF OSI SYSTEMS INC)
10.2.13. WELCH ALLYN INC (ACQUIRED BY HILL-ROM)
10.2.14. 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: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY LEAD TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY LEAD TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY PRODUCT, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY SYSTEM, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC 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: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 21: KEY PLAYERS OPERATING IN ASIA-PACIFIC 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: ASIA-PACIFIC ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY LEAD TYPE, IN 2022
FIGURE 7: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY SINGLE LEAD, 2023-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY 3-6 LEAD, 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY 12-LEAD, 2023-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022
FIGURE 11: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY DIAGNOSTIC ECG SYSTEM, IN 2022
FIGURE 13: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY REST ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY STRESS ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY HOLTER ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY MONITORING ECG SYSTEM, IN 2022
FIGURE 18: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY EVENT MONITORING, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY CONTINUOUS MONITORING, 2023-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY REMOTE MONITORING, 2023-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY SYSTEM, IN 2022
FIGURE 22: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY STATIONARY ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY PORTABLE ECG SYSTEM, IN 2022
FIGURE 25: USE CASES OF WEARABLE MONITORING DEVICES
FIGURE 26: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY HANDHELD ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY WEARABLE ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY PEN ECG SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 29: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY OTHER PORTABLE ECG SYSTEMS, 2023-2032 (IN $ MILLION)
FIGURE 30: ASIA-PACIFIC ECG EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022
FIGURE 31: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY HOSPITALS & CLINICS, 2023-2032 (IN $ MILLION)
FIGURE 32: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY HOME/AMBULATORY CARE, 2023-2032 (IN $ MILLION)
FIGURE 33: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)
FIGURE 34: ASIA-PACIFIC ECG EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)
FIGURE 35: CHINA ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 36: JAPAN ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 37: INDIA ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 38: SOUTH KOREA ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 39: THAILAND ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 40: INDONESIA ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 41: VIETNAM ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 42: AUSTRALIA & NEW ZEALAND ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 43: REST OF ASIA-PACIFIC ECG EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)
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