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Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the ECG Equipment market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the ECG Equipment industry.

The high severity rate of COVID-19 brings about a sharp increase in demand for high-end medical equipment related to ICU. The critical rate in Hubei Province of China is 15% - 25% in the period of accelerated case growth. At present, there are 13 European countries in short supply of ICU beds in Europe and Iran. According to the requirements, one ICU bed needs to be equipped with one ventilator, one monitor, one electrocardiograph, one defibrillator and one blood purifier. According to the estimation of the number of confirmed cases and 15% of the severe cases rate by April 4, it is estimated that at present, at least 40294 ICU beds and equipment need to be increased in Europe, 4599 ICU beds and equipment need to be increased in Iran, and 44893 ICU beds and equipment need to be increased in Europe and Iran. There is a huge demand gap on ECG equipment.

Based on our recent survey, we have several different scenarios about the ECG Equipment YoY growth rate for 2020. The probable scenario is expected to grow by a 26.1% in 2020 and the revenue will be US$ 6289.87 Million in 2020 from US$ 4988.21 Million in 2019. The market size of ECG Equipment will reach US$ xx Million in 2026, with a CAGR of xx% from 2020 to 2026.

[url=]Figure 1.   Global ECG Equipment Market Size (Value), (US$ Million), 2015 VS 2020 VS 2026[/url]

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Figure 2.   Global ECG Equipment Revenue 2015-2026 (US$ Million)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Figure 3.   China ECG Equipment Revenue 2015-2026 (US$ Million)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Figure 4.   ECG Equipment Market Share of Production Comparison: China Vs Global Others (K Unit)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Figure 5.   Global ECG Equipment Sales Market Share by Regions (2015-2026)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Electrocardiogram (ECG) is the process of recording the electrical activity of the heart over a period of time using electrodes placed on the skin. These electrodes detect the tiny electrical changes on the skin that arise from the heart muscle's electrophysiologic pattern of depolarizing and repolarizing during each heartbeat. It is a very commonly performed cardiology test.

TYPE

The ECG Equipment can mainly be divided into four categories: ECG Monitoring Equipment, Holter Monitoring Systems, ECG Stress Testing Systems and Event Monitoring Systems. Accordingly, the global market size of ECG Monitoring Equipment, Holter Monitoring Systems, ECG Stress Testing Systems and Event Monitoring Systems will reach US $ xx Million, US $ xx Million, US $ xx Million and US $ xx Million in 2020, respectively, which are increased compared to 2019 xx%, xx%, xx% and xx%. ECG Monitoring Equipment takes a big amount of market with xx%.

Figure 6.   Global ECG Equipment Market Structure by Type in 2015 & 2020

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

ECG Monitoring Equipment

ECG monitoring equipment is a practical precision medical instrument in hospital, which can monitor patients at the same time. The device has the functions of ECG information collection, storage, intelligent analysis and early warning. And it has the characteristics of precise monitoring, touch-screen control, simple and convenient.

Holter Monitoring Systems

Holter monitor (often simply Holter) is a type of ambulatory electrocardiography device, a portable device for cardiac monitoring (the monitoring of the electrical activity of the cardiovascular system) for at least 24 to 48 hours (often for two weeks at a time).

The Holter's most common use is for monitoring ECG heart activity (electrocardiography or ECG). Its extended recording period is sometimes useful for observing occasional cardiac arrhythmias which would be difficult to identify in a shorter period. For patients having more transient symptoms, a cardiac event monitor which can be worn for a month or more can be used.

ECG Stress Testing Systems

The electrocardiogram (ECG) stress test remains one of the most widely used diagnostic tools for detecting coronary heart disease. A significant emerging trend in ECG stress testing systems is their increased flexibility of use.

Event Monitoring Systems

Application

From the perspective of application/end users, ECG Equipment can be divided into three main categories: Hospitals, Clinics and Others. Accordingly, the global market size of Hospitals, Clinics and Others will reach US $ xx Million, US $ xx Million and US $ xx Million in 2020, respectively, which are increased compared to 2019 xx%, xx% and xx%. Hospitals take a big amount of market with xx%.

Figure 7.   Global ECG Equipment Market Structure by Application in 2015 & 2020

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

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Hospitals

A hospital is a health care institution providing patient treatment with specialized medical and nursing staff and medical equipment. The best-known type of hospital is the general hospital, which typically has an emergency department to treat urgent health problems ranging from fire and accident victims to a heart attack.

The cumulative number of confirmed cases of COVID-19 in the United States has increased dramatically, with the largest number of confirmed cases in the world, which has become the "epicenter" of the global epidemic. At present, the total number of tests in the United States is large, but it is still insufficient. In the future, the number of confirmed cases in the United States will still grow rapidly. Italy and Spain are the most serious epidemic countries in Europe, but they are close to the turning point of the epidemic. France, Germany and Britain are expected to reach the turning point in the middle and late April. Therefore, the application of ECG Equipment in Hospitals will increase at a certain degree in 2020.

Figure 8.   Global ECG Equipment Revenue in Hospitals 2015-2026 (US$ Million)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Clinics

Others

Major manufacturers

Table 1.   Major manufacturers and products analysis

Company

Product Type

GE Healthcare

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems, Event Monitoring   Systems

Hill-Rom

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems

Philips   Healthcare

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems

Spacelabs   Healthcare

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems

MidMark

Holter Monitoring Systems,   ECG Stress Testing Systems, Event Monitoring Systems

Schiller

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems

Medicomp

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems, Event Monitoring   Systems

Applied Cardiac   Systems

ECG Monitoring Equipment, Holter   Monitoring Systems, Event Monitoring Systems

VectraCor

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems, Event Monitoring   Systems

ScottCare

ECG Monitoring Equipment,   Holter Monitoring Systems, Event Monitoring Systems

Suzuken

Holter Monitoring Systems

Fukuda Denshi

ECG Monitoring Equipment,   Holter Monitoring Systems

Nihon Kohden

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems

Innomed

ECG Monitoring Equipment,   Holter Monitoring Systems

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Table 2.   Major manufacturers in China and products analysis

Company

Product Type

Mindray Medical

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems

Biolight

ECG Monitoring Equipment

EDAN

ECG Monitoring Equipment,   Holter Monitoring Systems, ECG Stress Testing Systems

Lepu Medical

ECG Monitoring Equipment,   Holter Monitoring Systems

BORSAM

ECG Monitoring Equipment,   Holter Monitoring Systems

Biomedical   Instruments

Holter Monitoring Systems

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Doctors according to the recorded ECG waveform morphology, and the size of the amplitude and the relative time between each wave, and compared with normal ecg, can be diagnosed with heart disease.

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