Market by System, Product, Lead Type, Industry Verticals, and Country Outlook | Forecast 2021-2028
An analysis by Triton Market suggests that the ECG equipment market in the Asia-Pacific is set to progress with a CAGR of 6.75% in the projected duration from 2021 to 2028.
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• China
• Japan
• India
• South Korea
• ASEAN countries
• Australia & New Zealand
• Rest of APAC countries
Japan is classified as a
developed economy, with better lifestyles of its citizens, compared to the
other countries in the APAC. The prevalence of cardiovascular risk factors,
such as hypertension, high diabetes, and cholesterol, has been on the rise in
the region, particularly in Japan, as per the Journal of the American College
of Cardiology.
Thus, owing to the increase in
the prevalence of cardiovascular diseases, there has been a rise in the adoption
of ECG devices for patient monitoring. The use of ambulatory wearable devices
helps to diagnose their symptoms effectively.
Along with this, the developed
healthcare infrastructure in the country and the favorable healthcare
initiatives by the government to raise awareness, have enhanced the demand for
early, cost-effective disease detection, via the use of wireless ECG devices.
All these factors are aiding the Japanese market’s development.
There is a growing demand for
advanced ECG devices in China. In 2011, Qualcomm Wireless Reach in collaboration
with Life Care Networks, launched the Wireless Heart Health (WHH) Program. The
aim of this initiative was to make technology and products accessible to the
remote areas of the country.
As of 2016, the program was
serving more than 600 community healthcare centers and clinics across 21
provinces in the country. Hence, the growing demand for advanced ECG equipment,
along with better healthcare infrastructure and increased healthcare spending, is
expected to help the growth of the market over the forecasted period.
Nihon Kohden Corporation is
engaged in the development, production, and sales of electronic medical equipment
in Japan, and around the world. The company provides physiological measuring
equipment, including ECG, EEG, evoked potential/EMG measuring instruments, and
polygraphs for cath labs.
It also offers patient monitoring
systems comprising central monitors, remote access software, wireless monitors,
bedside monitors, and other equipment; clinical information systems; and related
consumables & services, such as electrodes & sensors and maintenance
services. Founded in 1951, Nihon Kohden is headquartered in Tokyo, Japan.
1. ASIA-PACIFIC
ECG EQUIPMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ECG EQUIPMENT MARKET
2.2. KEY
INSIGHTS
2.3. PORTER’S
FIVE FORCES MODEL
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE PRODUCTS
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. COMPETITIVE
RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.5. LEGAL,
POLICY & REGULATORY FRAMEWORK
2.6. INDUSTRY
COMPONENTS
2.7. MARKET
ATTRACTIVENESS INDEX
2.8. VENDOR
SCORECARD
2.9. KEY
MARKET STRATEGIES
2.9.1. CONTRACTS
AND PARTNERSHIPS
2.9.2. BUSINESS
EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES
2.9.3. ACQUISITIONS
& MERGERS
2.9.4. NEW
PRODUCT LAUNCHES & DEVELOPMENTS
2.10. MARKET
DRIVERS
2.10.1. GROWING
DEMAND FOR ECG DATA MANAGEMENT SOLUTIONS
2.10.2. PREVALENCE
OF CARDIOVASCULAR DISEASES IMPACTING THE ECG MARKET
2.11. MARKET
CHALLENGES
2.11.1. INTENSE
COMPETITION AMONG THE VENDORS IN THE ECG DEVICES MARKET
2.11.2. LOW
REIMBURSEMENT RATE FOR CARDIOVASCULAR DISEASES (CVD) ACTING AS A RESTRAINT TO
THE ECG MARKET
2.11.3. PRODUCT
RECALLS
2.12. MARKET
OPPORTUNITIES
2.12.1. USAGE
OF MONITORING DEVICES DUE TO INCREASED GERIATRIC POPULATION
2.12.2. ADVANCEMENTS
IN IMAGING MODALITIES
3. ASIA-PACIFIC
ECG EQUIPMENT MARKET – BY SYSTEM
3.1. PORTABLE
ECG SYSTEM
3.2. STATIONARY
ECG SYSTEM
4. ASIA-PACIFIC
ECG EQUIPMENT MARKET – BY PRODUCT
4.1. DIAGNOSTIC
ECG SYSTEM
4.1.1. REST
ECG SYSTEM
4.1.2. STRESS
ECG SYSTEM
4.1.3. HOLTER
ECG SYSTEM
4.2. MONITORING
ECG SYSTEM
4.2.1. EVENT
MONITORING
4.2.2. CONTINUOUS
MONITORING
4.2.3. REMOTE
MONITORING
5. ASIA-PACIFIC
ECG EQUIPMENT MARKET – BY LEAD TYPE
5.1. SINGLE
LEAD
5.2. 3-6
LEAD
5.3. 12-LEAD
6. ASIA-PACIFIC
ECG EQUIPMENT MARKET – BY INDUSTRY VERTICALS
6.1. HOSPITAL
6.2. HOME/AMBULATORY
CARE
6.3. OTHER
INDUSTRY VERTICALS
7. ASIA-PACIFIC
ECG EQUIPMENT MARKET – ASIA-PACIFIC
7.1. COUNTRY
ANALYSIS
7.1.1. CHINA
7.1.2. JAPAN
7.1.3. INDIA
7.1.4. AUSTRALIA
& NEW ZEALAND
7.1.5. SOUTH
KOREA
7.1.6. ASEAN
COUNTRIES
7.1.7. REST
OF ASIA-PACIFIC
8. COMPANY
PROFILES
8.1. BIONET
CO LTD
8.2. BIOTELEMETRY
INC
8.3. COMPUMED
INC
8.4. FUKUDA
DENSHI CO LTD
8.5. GE
HEALTHCARE
8.6. HILL
ROM HOLDINGS INC
8.7. MCKESSON
CORPORATION
8.8. MEDIBIOSENSE
LTD
8.9. MINDRAY
MEDICAL INTERNATIONAL LIMITED
8.10. NIHON
KOHDEN CORPORATION
8.11. PHILIPS
HEALTHCARE
8.12. SCHILLER
AG
8.13. SIEMENS
HEALTHINEERS AG
8.14. SPACELABS
HEALTHCARE (SUBSIDIARY OF OSI SYSTEMS INC)
8.15. ZOLL
MEDICAL CORPORATION (ACQUIRED BY ASAHI KASEI)
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.1.1. OBJECTIVES
OF STUDY
9.1.2. SCOPE
OF STUDY
9.2. SOURCES
OF DATA
9.2.1. PRIMARY
DATA SOURCES
9.2.2. SECONDARY
DATA SOURCES
9.3. RESEARCH
METHODOLOGY
9.3.1. EVALUATION
OF PROPOSED MARKET
9.3.2. IDENTIFICATION
OF DATA SOURCES
9.3.3. ASSESSMENT
OF MARKET DETERMINANTS
9.3.4. DATA
COLLECTION
9.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: ASIA-PACIFIC
ECG EQUIPMENT MARKET, REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: CONTRACTS AND
PARTNERSHIPS
TABLE 4: BUSINESS
EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES
TABLE 5: ACQUISITIONS
& MERGERS
TABLE 6: NEW PRODUCT
LAUNCHES & DEVELOPMENTS
TABLE 7: TYPES OF
CARDIOVASCULAR DISEASES
TABLE 8: ASIA-PACIFIC
ECG EQUIPMENT MARKET, BY SYSTEM, 2021-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
ECG EQUIPMENT MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
DIAGNOSTIC ECG SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC
MONITORING ECG SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC
ECG EQUIPMENT MARKET, BY LEAD TYPE, 2021-2028 (IN $ MILLION)
TABLE 13: DESCRIPTION
OF VARIOUS SINGLE LEAD PRODUCTS
TABLE 14: DESCRIPTION
OF VARIOUS 3-6 LEAD PRODUCTS
TABLE 15: DESCRIPTION
OF VARIOUS 12 LEAD PRODUCTS
TABLE 16: ASIA-PACIFIC
ECG EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC
ECG EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
FIGURE 1: ASIA-PACIFIC ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 2: KEY FACTS OF CARDIOVASCULAR DISEASES
FIGURE 3: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY SYSTEM, 2020 & 2028
(IN %)
FIGURE 4: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY STATIONARY ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY PRODUCT, 2020 & 2028
(IN %)
FIGURE 7: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC DIAGNOSTIC ECG SYSTEM MARKET, BY REST ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC DIAGNOSTIC ECG SYSTEM MARKET, BY STRESS ECG
SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC DIAGNOSTIC ECG SYSTEM MARKET, BY HOLTER ECG
SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC MONITORING ECG SYSTEM MARKET, BY EVENT
MONITORING, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC MONITORING ECG SYSTEM MARKET, BY CONTINUOUS
MONITORING, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC MONITORING ECG SYSTEM MARKET, BY REMOTE
MONITORING, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY LEAD TYPE, 2020 &
2028 (IN %)
FIGURE 16: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY SINGLE LEAD, 2021-2028
(IN $ MILLION)
FIGURE 17: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY 3-6 LEAD, 2021-2028 (IN
$ MILLION)
FIGURE 18: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY 12-LEAD, 2021-2028 (IN $
MILLION)
FIGURE 19: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2020
& 2028 (IN %)
FIGURE 20: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY HOSPITAL, 2021-2028 (IN
$ MILLION)
FIGURE 21: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY HOME/AMBULATORY CARE,
2021-2028 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC ECG EQUIPMENT MARKET, BY OTHER INDUSTRY
VERTICALS, 2021-2028 (IN $ MILLION)
FIGURE 23: CHINA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: JAPAN ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: INDIA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: AUSTRALIA & NEW ZEALAND ECG EQUIPMENT MARKET 2021-2028 (IN
$ MILLION)
FIGURE 27: SOUTH KOREA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: ASEAN COUNTRIES ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: REST OF ASIA-PACIFIC ECG EQUIPMENT MARKET 2021-2028 (IN $
MILLION)