Written by
Cranfield, UK, 8th October 2024 – Gareth Jones, Senior Market Analyst at Signify Research, presents a snapshot of some insights from our latest Diagnostic Cardiology Market – World 2024 report. In this video, Jones explores the current state of the diagnostic cardiology market.
Video Highlights:
- The ECG market is diverging, with ambulatory ECG (e.g., patches, Holter monitors) growing faster than traditional resting and stress ECG segments.
- ECG management systems are evolving into vendor-agnostic platforms, integrating third-party devices and AI algorithms, making them more flexible and connected.
Geographic trends include:
- U.S.: Demand for high-end connected ECG solutions is growing, driven by larger health systems, while smaller and rural hospitals still opt for lower-end solutions.
- Western Europe: Budget pressures are squeezing traditional vendors as competition from emerging Asia-Pacific vendors, particularly from China, intensifies.
- Middle East: Saudi Arabia and UAE are investing heavily in high-end healthcare solutions, with several major contracts awarded.
- Asia Pacific: Developed markets like Japan and Australia are steady, while emerging Southeast Asian regions see growing demand for digitisation and ECG management systems.
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Related Research
Signify Research has recently published its ‘Diagnostic Cardiology —World—2024’ report. This iteration expands on last year’s offering, including additional country breakouts.
About The Author
Gareth joined Signify Research in 2021 as a Senior Market Analyst in the Digital Health team, where he covered emerging markets, including Remote Patient Monitoring (RPM) and Ambulatory Diagnostic Cardiology. In 2023, Gareth joined Signify Research’s Clinical Care team, where his coverage areas include Diagnostic Cardiology and Patient Monitors.
About the Clinical Care Team
The clinical care team provides market intelligence and detailed insights on the clinical care equipment and IT markets. Our areas of coverage include patient monitoring, diagnostic cardiology, infusion pumps, ventilators, anaesthesia devices, and high-acuity IT. Our reports provide a data-centric and global outlook of each market with granular country-level insights. Our research process blends primary data collected from in-depth interviews with healthcare professionals and technology vendors, to provide a balanced and objective view of the market.
About Signify Research
Signify Research provides healthtech market intelligence powered by data that you can trust. We blend insights collected from in-depth interviews with technology vendors and healthcare professionals with sales data reported to us by leading vendors to provide a complete and balanced view of the market trends. Our coverage areas are Medical Imaging, Clinical Care, Digital Health, Diagnostic and Lifesciences, Healthcare IT and AI in Healthcare.
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