ECG Event Recorder Market

Segmentation by Type (Manual, Desktop, and Others); by Monitor Type (Loop Memory Monitor, and Symptom Event Monitor); and by End-User (Hospitals, Surgical Centers, Specialty Clinics, and Others) – Global Demand Analysis & Opportunity Outlook 2030

Buy Now
Report ID: 3801 | Published On: Feb 06, 2023
Request Free Sample Copy

Global ECG Event Recorder Market Regional Synopsis

On the basis of geographical analysis, the global ECG event recorder market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of the increasing prevalence of heart-related disorders in the region, backed by high-stress lifestyle of the majority of the population. According to the data by the Center for Disease Control and Prevention (CDC), almost 659,000 people die due to heart disease every year in the United States.

ECG Event Recorder Market Share

Get more information on this reportDownload Sample PDF

The global ECG event recorder market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Get more information on this report: Request Sample PDF

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Market Segmentation

Our in-depth analysis of the global ECG event recorder market includes the following segments:

By Type

  • Manual
  • Desktop
  • Others

By Monitor Type

  • Loop Memory Monitor
  • Symptom Event Monitor

By End-User

  • Hospitals
  • Surgical Centers
  • Specialty Clinics
  • Others

Growth Drivers

  • Increasing Prevalence of Cardiovascular Diseases
  • Growing Adoption of Advanced Technical Equipment in Healthcare Sector


  • High Cost of ECG Recorder
  • Lack of Health Awareness amongst People in Underdeveloped Countries

Healthcare Expenditure per Capita (In Current
Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Market

    • Eli Lilly and Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Akili Interactive Labs, Inc.
    • Koninklijke Philips N.V.
    • WellDoc, Inc.
    • Noom, Inc.
    • Pear Therapeutics, Inc.
    • Teladoc Health, Inc.
    • Click Therapeutics, Inc.
    • Ayogo Health Inc.
    • Mindstrong Health

In The News

  • September, 2021: ViiV Healthcare, collectively owned by GlaxoSmithKline plc, Pfizer Inc. and Shionogi announced approval of the U.S. Food and Drug Administration (FDA) for cabotegravir as an antiviral drug.

  • February, 2021: Koninklijke Philips N.V. announced the acquisition of BioTelemetry, Inc., a leading provider of remote cardiac diagnostics and monitoring, to support cardiac surgeries and treatments.

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the ECG event recorder market?

Ans: Growing cases of cardiovascular diseases is estimated to boost the market growth

2) What would be the CAGR of ECG event recorder market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2030.

5) Who are the major players dominating the ECG event recorder market?

Ans: The major players in the market are Koninklijke Philips N.V., WellDoc, Inc., Noom, Inc., Pear Therapeutics, Inc., Teladoc Health, Inc., Click Therapeutics, Inc., Ayogo Health Inc., Mindstrong Health, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the ECG event recorder market?

Ans: The market is segmented by type, monitor type, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in the ECG event recorder market?

Ans: The hospital segment is anticipated to hold largest market size the forecast period and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: High costs of ECG recorders are estimated to hamper the market growth.

8) Which region will provide more business opportunities for growth of the ECG event recorder market in future?

Ans: The market in the North America region is estimated to provide more business opportunities owing to the high cases of heart-related disease, and rising disposable income of majority people.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample