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Premium Report Details
Base Year: 2024
Companies covered: 17
Tables & Figures: 65
Countries covered: 1
Pages: 60
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U.S. Electrocardiogram (ECG) Devices Market
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U.S. Electrocardiogram Devices Market Size
The U.S. electrocardiogram devices market size was valued at USD 2.4 billion in 2024 and is projected to exhibit 6.1% CAGR from 2025-2034. The U.S. ECG device market is witnessing rapid growth mainly due to the soaring incidence of cardiovascular diseases (CVDs) such as arrhythmias, coronary artery disease, and myocardial infraction which have been, and remain, a leading cause of death across the country, and presents a long-standing public health problem.
For instance, the New York State Department of Health estimates that approximately 695,000 individuals die from heart disease annually in the U.S., which is about 1 in every 5 deaths nationwide. This gives us an idea of how much we can rely on effective management via timely diagnosis and regular surveillance in care and prevention for cardiovascular health.
Additionally, ECG devices are vital equipment for healthcare providers, as they allow for early detection and surveillance of cardiac impairments. The steady increase of ECG technology being utilized by hospitals, emergency departments, and outpatient facilities, validates that the health system within the U.S. is making a transition towards preventive medicine and precision medicine. Moreover, the ECG device market development is supported due to rapid growth in the elderly population pushing demand for ECG monitoring solutions, as seniors are the most at risk for chronic cardiac conditions like atrial fibrillation and heart failure and thus, likely sustain frequent or continuous needs for cardiac monitoring.
Both wearable ECG and home-based ECG have been increasingly involved in chronic illness management in older adults. Real time health measures suggest that these new devices can monitor health status, reduce hospitalizations, while improving quality of life for older adults. Furthermore, the advances in technology have ushered the ECG landscape into a time of innovation and evolution in accessibility. Standard ECG systems are being revolutionized into intelligent, connected systems, with innovations such as artificial intelligence (AI), smartphones, wireless, and cloud data sharing in development. All these innovations have the potential to enhance accuracy and drive remote patient monitoring to a scalable level allowing clinicians to act faster and more intelligently.
U.S. Electrocardiogram Devices Market Trends
U.S. Electrocardiogram Devices Market Analysis
Based on product, the market is bifurcated into diagnostic ECG machines and monitoring ECG machines. The diagnostic ECG device segment is further sub-segmented into resting ECG and stress ECG. Additionally, the monitoring devices segment is further sub-segmented into Holter monitoring, ECG telemetry monitoring/event monitoring, implantable cardiac monitors, and other monitoring ECG devices. The diagnostic ECG machines segment dominated the market with the largest revenue share of 62.7% in 2024.
Based on lead type, the U.S. electrocardiogram devices market is segmented into 12 lead type, 6 lead type, single lead type, 3 lead type, and other lead types. The 12 lead type segment dominated the market with the largest revenue of USD 1.6 billion in 2024 and is expected to grow at a significant CAGR over the forecast period.
Based on portability, the U.S. electrocardiogram devices market is bifurcated into portable devices and non-portable devices. The portable devices segment dominated the market with the largest revenue of USD 1.4 billion in 2024.
Based on end use, the U.S. electrocardiogram devices market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic centers, home care settings, and other end users. The hospitals and clinics segment dominated the market with the largest revenue of USD 917.9 million in 2024.
The South Atlantic electrocardiogram devices market was valued at USD 476.5 million in 2024 and is expected to grow at a CAGR of 7.1% over the forecast period. The market is driven by the increasing aging population across the region.
The North East market is projected to grow significantly from USD 412.3 million in 2024 to USD 710.6 million by 2034.
The East North Central electrocardiogram devices market was valued at USD 376.3 million in 2024 and is expected to grow at a CAGR of 5.6% over the forecast period.
The Pacific Central electrocardiogram devices market is expected to experience significant and promising growth from 2025 to 2034.
U.S. Electrocardiogram Devices Market Share
The U market has a dynamic mix of international and domestic players providing innovative solutions to meet the growing demand for advanced treatments for the growing patient population. Companies such as GE HealthCare Technologies, Koninklijke Phillips, Baxter International, OSI Systems, and Schiller are some of the dominant competitors in the market accounting for a combined market share of approximately 60%.
Competition in this area arises from continuous technological developments and the ability to offer customized solutions. In developing nations, due to the priority given to cost, multinational companies are squeezed to offer electrocardiogram (ECG) devices that are both affordable and of quality. Domestic manufacturers take advantage of this demand by providing cost effective alternatives, which make multinationals alter their price strategy while maintaining the safety, ruggedness, and regulatory acceptability of the products.
U.S. Electrocardiogram Devices Market Companies
Some of the eminent market participants operating in the Electrocardiogram devices industry include:
The U.S. electrocardiogram devices market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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By Product
By Lead Type
By Portability
By End Use
The above information is provided for the following regions: