South Korea ECG Market Likely to Impose Positive Growth Trend during 2017-2025

Press Release

Electrocardiograph (ECG) devices are used to record the heart activities through electric signals. These devices are amplified on the ECG monitor. They are essentially adopted across various medical set-ups to diagnose different types of heart diseases and arrhythmias in people; thereby, assisting the appropriate therapy for patients suffering from cardiovascular diseases (CVD). The South Korea ECG market was valued at $2.99 million in 2017 and is expected to reach $7.69 million by 2025, registering a CAGR of 12.3% from 2017 to 2025.

Get Sample Report with Market Insights @

The key factors that drive the market growth include increase in number of CVD patients across South Korea and rise in demand for monitoring systems and portable cardiac rhythm management. In addition, surge in the geriatric population and favorable government regulations regarding the ECG devices supplement the market growth in South Korea. However, high costs associated with sophisticated ECG devices and increase in threat of market saturation are the factors anticipated to restrict the market growth. Conversely, increase in development of wireless communication and cloud computing is expected to provide lucrative opportunities for the growth of the market.

The South Korea ECG market is segmented into product, lead, and end user. Based on product, the market is divided into resting ECG, stress ECG, and Holter monitors. The Holter monitors are further bifurcated into wired and wireless Holter monitors. Based on lead, the market is classified into single lead, 3-6 lead, and 12-lead. Based on end user, it is categorized into hospitals & clinics, home settings & ambulatory surgical centers (ASCs), and others.

Key Market Benefits for ECG market:

The study provides an in-depth analysis of the ECG devices and instruments, with current trends and future estimations to elucidate the imminent investment pockets.

A quantitative analysis from 2017 to 2025 is discussed to enable the stakeholders to capitalize on the prevailing market opportunities.

Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.

Browse Complete Research Report with TOC @

Porter’s five forces model is expected to interpret the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players.

ECG Key Market Segments:

By Product

Resting ECGs
Stress ECGs
Holter Monitors
Wired Holter Monitors
Wireless Holter Monitors

By Lead

Single Lead
3-6 Lead
12 Lead

By End User

Hospitals & Clinics
Home settings and Ambulatory surgical centers

Request for Sample Report @

The list of key players operating in this market includes:

GE Healthcare (General Electric Company)
Bionet Co., Ltd.
Hill Rom Holdings, Inc.
Koninklijke Philips N.V.
Mediana Co., Ltd.
Medtronic Plc.
Mindray Medical International Limited
Nihon Kohden Corporation
OSI Systems Inc.
Schiller AG
CardioComm Solutions, Inc.
AlivCor, Inc.
Qardio, Inc.
Omron Healthcare Europe B.V
Beijing Choice Electronic Technology Co., Ltd. (ChoiceMMed)

 About Us

Facto market insights is one of the leading providers of market intelligence products and services. We offer reports on over 10+ industries and update our collection daily which helps our clients to access database of expert market insights on global industries, companies, products, and trends.

Our in-house research experts have a wealth of knowledge in their respective domains. With Facto Market Research, you always have the choice of getting customized report free of cost (upto 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.

Contact Us

United States

150 State St.
Suite 301
Albany, NY 12207
United States
Email: [email protected]

Tel: +1 518-300-1215

This post was originally published on Industry Updates Daily

About the author

Jason lee