Companies Dominating the ECG Devices Landscape
The ECG devices market is highly dominated by global MedTech pioneers, including GE Healthcare, Philips, and Abbott, whose accumulative share is predicted to be over 56.4% by 2037. The incorporation and utilization of AI analytics in new instruments have become the key contributor to their market expansion strategy. In addition, they are adopting several advanced components to reduce the cost of final products, widening the range of options for every individual and hence increasing adoption in this field. For instance, BPL Medical introduced sub-USD 100 ECG equipment to make its portfolio suitable and acceptable for price-sensitive regions, such as the market in India.
The cohort of 20 of such key players include:
|
Company Name |
Country |
Market Share (2024) |
Industry Focus |
|
GE Healthcare |
USA |
22.3% |
Hospital-grade ECG systems (MAC Series) |
|
Philips Healthcare |
Netherlands |
19.5% |
Wearable ECG patches & AI diagnostics (BioTel Heart) |
|
Abbott Laboratories |
USA |
15.1% |
Implantable cardiac monitors (Confirm Rx) |
|
Medtronic |
Ireland |
12.2% |
AFib detection devices (LINQ II ICM) |
|
Siemens Healthineers |
Germany |
10.1% |
AI-powered ECG analysis (Cardiopoint) |
|
Nihon Kohden |
Japan |
xx% |
Portable ECG machines (Cardiofax) |
|
Hill-Rom (Baxter) |
USA |
xx% |
Telemetry ECG systems (Lifepoint) |
|
Schiller AG |
Switzerland |
xx% |
Stress ECG devices (AT-10 Plus) |
|
BPL Medical Technologies |
India |
xx% |
Low-cost ECG devices for emerging markets |
|
Fukuda Denshi |
Japan |
xx% |
Holter monitors (DS-7000) |
|
Edan Instruments |
China |
xx% |
Handheld ECG devices (iM8) |
|
OSI Systems (Spacelabs) |
USA |
xx% |
Ambulatory ECG monitors (Ultra) |
|
Biotronik |
Germany |
xx% |
Remote cardiac monitoring (CardioMessenger) |
|
LivaNova |
UK |
xx% |
Advanced ECG for surgical settings |
|
Midmark Corporation |
USA |
xx% |
Clinic-based ECG solutions (IQecg) |
|
Comen Medical |
China |
xx% |
Tele-ECG platforms (C100) |
|
Bionet |
South Korea |
xx% |
Wireless ECG systems (BM3) |
|
Allengers Medical Systems |
India |
xx% |
ECG carts for hospitals |
|
BTL Industries |
Malaysia |
xx% |
Stress ECG devices (BTL-08 MT) |
|
Cardionics |
Australia |
xx% |
Educational ECG simulators |
