ECG Industry Growth By Product, Lead Type - Forecast 2024

Factors such as the rising incidence of lifestyle & cardiovascular diseases and increasing geriatric population are expected to propel the growth of the market.

According to the new market research report ECG Market is expected to reach $10.3 billion by 2024, at a CAGR of 6.4% during the forecast period.

The diagnostic electrocardiograph (ECG) market is dominated by players such as GE Healthcare (US), Nihon Kohden (Japan), Hill-Rom Holdings (US), Philips Healthcare (Netherlands) and Ambu (Denmark).

By lead type, the diagnostic ECG market is divided into 12-lead, 5-lead, 3-lead, 6-lead, single-lead, and other lead types (15- and 18-lead). The 3-lead segment is expected to grow at the highest CAGR during the forecast period. This positive growth is primarily due to the fact that these leads are used conjointly with various other during medical procedures and cardiac diagnostic tests.

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