GLOBAL DIAGNOSTIC ELECTROCARDIOGRAPH MARKET 2026

2016 – 2026 GLOBAL DIAGNOSTIC ELECTROCARDIOGRAPH MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Diagnostic Electrocardiograph Electrocardiography is the process of producing an electrocardiogram (ECG or EKG[a]). It is a graph of voltage versus time of the electrical activity of the heart[4] using electrodes placed on the skin. These electrodes detect the small electrical changes that are a consequence of cardiac muscle depolarization followed by repolarization during each cardiac cycle (heartbeat). Market Segmentation GLOBAL DIAGNOSTIC CHANNEL END USER Year Range ELECTROCARDIOGRAPH MARKET • 12-channel • Hospitals & Clinics • 6-channel • Ambulatory Surgical Centers Review Period • 5- channel • Cardiac Care Centers 2016 – 2019 • 3- channel • Others Base Year • Single- channel 2020 PRODUCT TYPE REGION Estimated Year • Resting ECG Devices • Asia-Pacific 2021 • Stress ECG Devices • Europe • North America Forecast Period • Holter Monitors • Others • South America 2022 – 2026 • Middle East & Africa 2

Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Impact of Covid-19 on Global Diagnostic Electrocardiograph Market 5. Voice of Customer 5.1. Brand Awareness 5.2. Vendor Satisfaction Analysis 5.3. Factors Affecting Purchase Decision 6. Global Diagnostic Electrocardiograph Market Outlook, 2016-2026F 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Product Type (Resting ECG Devices, Stress ECG Devices, Holter Monitors, Others) 6.2.2. By Channel (12-channel, 6-channel, 5- channel, 3- channel, Single- channel) 6.2.3. By End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Cardiac Care Centers and Others) 6.2.4. By Region 6.2.5. By Company (2020) 6.3. Product Market Map 3

Table of Contents S. No. Contents Page No. 7. Asia-Pacific Diagnostic Electrocardiograph Market Outlook, 2016-2026F 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Product Type 7.2.2. By Channel 7.2.3. By End-User 7.2.4. By Country 7.3. Asia-Pacific: Country Analysis 7.3.1. China Diagnostic Electrocardiograph Market Outlook, 2016-2026F 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Product Type 7.3.1.2.2. By Channel 7.3.1.2.3. By End-User 7.3.2. India Diagnostic Electrocardiograph Market Outlook, 2016-2026F 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Product Type 4

Table of Contents S. No. Contents Page No. 7.3.2.2.2. By Channel 7.3.2.2.3. By End-User 7.3.3. Japan Diagnostic Electrocardiograph Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Product Type 7.3.3.2.2. By Channel 7.3.3.2.3. By End-User 7.3.4. South Korea Diagnostic Electrocardiograph Market Outlook, 2016-2026F 7.3.4.1. Market Size & Forecast 7.3.4.1.1. By Value 7.3.4.2. Market Share & Forecast 7.3.4.2.1. By Product Type 7.3.4.2.2. By Channel 7.3.4.2.3. By End-User 7.3.5. Australia Diagnostic Electrocardiograph Market Outlook, 2016-2026F 7.3.5.1. Market Size & Forecast 7.3.5.1.1. By Value 7.3.5.2. Market Share & Forecast 7.3.5.2.1. By Product Type 5

Table of Contents S. No. Contents Page No. 7.3.5.2.2. By Channel 7.3.5.2.3. By End-User 8. Europe Diagnostic Electrocardiograph Market Outlook, 2016-2026F 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Product Type 8.2.2. By Channel 8.2.3. By End-User 8.2.4. By Country 8.3. Europe: Country Analysis 8.3.1. France Diagnostic Electrocardiograph Market Outlook, 2016-2026F 8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Product Type 8.3.1.2.2. By Channel 8.3.1.2.3. By End-User 8.3.2. Germany Diagnostic Electrocardiograph Market Outlook, 2016-2026F 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value 6

Table of Contents S. No. Contents Page No. 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Product Type 8.3.2.2.2. By Channel 8.3.2.2.3. By End-User 8.3.3. United Kingdom Diagnostic Electrocardiograph Market Outlook, 2016-2026F 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Product Type 8.3.3.2.2. By Channel 8.3.3.2.3. By End-User 8.3.4. Italy Diagnostic Electrocardiograph Market Outlook, 2016-2026F 8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Product Type 8.3.4.2.2. By Channel 8.3.4.2.3. By End-User 8.3.5. Spain Diagnostic Electrocardiograph Market Outlook, 2016-2026F 8.3.5.1. Market Size & Forecast 8.3.5.1.1. By Value 7

Table of Contents S. No. Contents Page No. 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Product Type 8.3.5.2.2. By Channel 8.3.5.2.3. By End-User 9. North America Diagnostic Electrocardiograph Market Outlook, 2016-2026F 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Product Type 9.2.2. By Channel 9.2.3. By End-User 9.2.4. By Country 9.3. North America: Country Analysis 9.3.1. United States Diagnostic Electrocardiograph Market Outlook, 2016-2026F 9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Product Type 9.3.1.2.2. By Channel 9.3.1.2.3. By End-User 9.3.2. Mexico Diagnostic Electrocardiograph Market Outlook, 2016-2026F 8

Table of Contents S. No. Contents Page No. 9.3.2.1. Market Size & Forecast 9.3.2.1.1. By Value 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Product Type 9.3.2.2.2. By Channel 9.3.2.2.3. By End-User 9.3.3. Canada Diagnostic Electrocardiograph Market Outlook, 2016-2026F 9.3.3.1. Market Size & Forecast 9.3.3.1.1. By Value 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Product Type 9.3.3.2.2. By Channel 9.3.3.2.3. By End-User 10. South America Diagnostic Electrocardiograph Market Outlook, 2016-2026F 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Product Type 10.2.2. By Channel 10.2.3. By End-User 10.2.4. By Country 9

Table of Contents S. No. Contents Page No. 10.3. South America: Country Analysis 10.3.1. Brazil Diagnostic Electrocardiograph Market Outlook, 2016-2026F 10.3.1.1. Market Size & Forecast 10.3.1.1.1 By Value 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Product Type 10.3.1.2.2. By Channel 10.3.1.2.3. By End-User 10.3.2. Argentina Diagnostic Electrocardiograph Market Outlook, 2016-2026F 10.3.2.1. Market Size & Forecast 10.3.2.1.1 By Value 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Product Type 10.3.2.2.2. By Channel 10.3.2.2.3. By End-User 10.3.3. Colombia Diagnostic Electrocardiograph Market Outlook, 2016-2026F 10.3.3.1. Market Size & Forecast 10.3.3.1.1. By Value 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Product Type 10.3.3.2.2. By Channel 10

Table of Contents S. No. Contents Page No. 10.3.3.2.3. By End-User 11. Middle East & Africa Diagnostic Electrocardiograph Market Outlook, 2016-2026F 11.1. Market Size & Forecast 11.1.1. By Value & Volume 11.2. Market Share & Forecast 11.2.1. By Product Type 11.2.2. By Channel 11.2.3. By End-User 11.2.4. By Country 11.3. Middle East & Africa: Country Analysis 11.3.1. South Africa Diagnostic Electrocardiograph Market Outlook, 2016-2026F 11.3.1.1. Market Size & Forecast 11.3.1.1.1. By Value 11.3.1.2. Market Share & Forecast 11.3.1.2.1. By Product Type 11.3.1.2.2. By Channel 11.3.1.2.3. By End-User 11.3.2. Saudi Arabia Diagnostic Electrocardiograph Market Outlook, 2016-2026F 11.3.2.1. Market Size & Forecast 11.3.2.1.1. By Value 11.3.2.2. Market Share & Forecast 11

Table of Contents S. No. Contents Page No. 11.3.2.2.1. By Product Type 11.3.2.2.2. By Channel 11.3.2.2.3. By End-User 11.3.3. UAE Diagnostic Electrocardiograph Market Outlook, 2016-2026F 11.3.3.1. Market Size & Forecast 11.3.3.1.1. By Value 11.3.3.2. Market Share & Forecast 11.3.3.2.1. By Product Type 11.3.3.2.2. By Channel 11.3.3.2.3. By End-User 11.3.4. Kuwait Diagnostic Electrocardiograph Market Outlook, 2016-2026F 11.3.4.1. Market Size & Forecast 11.3.4.1.1. By Value 11.3.4.2. Market Share & Forecast 11.3.4.2.1. By Product Type 11.3.4.2.2. By Channel 11.3.4.2.3. By End-User 12

Table of Contents S. No. Contents Page No. 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends and Developments 14. Competitive Landscape 14.1. Competition Outlook 14.2. Company Profiles (Leading Companies) 14.2.1. Company details 14.2.2. Financials (As Reported) 14.2.3. Product & Services 14.2.4. Key market focus and geographical presence 14.2.5. Expansion Strategies 14.2.6. Key Management Personnel 15. Strategic Recommendations 16. About Us & Disclaimer 13

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal the global diagnostic formulated a detailed developed. industry players for research was proprietary database to electrocardiograph market, discussion guide. data collection and validated through obtain qualitative and overall market size and verification. rigorous quantitative insights about segmental market size. triangulation. the global diagnostic electrocardiograph market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 15

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global diagnostic electrocardiograph market. The team has analyzed the outlook of various segments of this market, while considering the the major influencing factors such as increasing demandfordiagnosticelectrocardiograph. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global diagnostic electrocardiograph market. Methodology Followed forCalculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as diagnostic electrocardiograph companies, channelpartners, market influencers & end-users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 diagnostic electrocardiograph companies, 100 – 120 end-users, and 15 – 20 industry experts and other value chain stakeholders in the global diagnostic electrocardiograph market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the marketsizedataduring2016-2020. 16

Research Methodology • Respondents were asked about the current and future market growth rates, market shares by product type, by channel, by end-user, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segmentswerefurthertriangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: Market share by product type, by channel, by end-user, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of diagnostic electrocardiograph markets. The final shares were calculated by taking the geometric mean of the responses gathered fromkeyopinionleadersaftereliminatingthe outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global diagnostic electrocardiograph market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 17

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ Hill-Rom Holdings, Inc. ▪ World Bank ▪ Nihon KohdenCorporation ▪ TechSciResearch Proprietary Database & Knowledge ▪ Koninklijke Philips N.V. Repository ▪ GE Healthcare ▪ Company Annual Reports ▪ Medtronic Plc. ▪ Industry Magazines ▪ Schiller AG ▪ Industry Reports ▪ Allengers Medical Systems, Ltd. ▪ News Dailies ▪ Fukuda Denshi USA, Inc. ▪ Credible Paid Databases ▪ AmbuA/S ▪ Cardioline S.p.A. ▪ OSI Systems, Inc. (Spacelabs Healthcare) ▪ SUZUKEN CO., LTD ▪ Cardionet, Inc. ▪ Mindray Medical International Limited ▪ BPL Medical Technologies 18

Industry Brief According to TechSci Research report, “Global Diagnostic Electrocardiograph Market By Product Type (Resting ECG Devices, Stress ECG Devices, Holter Monitors, Others), By Channel (12-channel, 6- channel, 5- channel, 3- channel, Single- channel), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Cardiac Care Centers, Others), By Region, Forecast & Opportunities, 2026”, global diagnostic electrocardiograph market was valued at around USD7.16 billion in 2020 and is anticipated to grow at an impressive rate of 7.10% in the forecast period 2022-2026. This can be attributed to the improving healthcare infrastructure in all regions across the globe. Additionally, changing lifestyle patterns have also led to an increase in prevalence of various cardiovascular diseases which in turn is expected to positively influence the global diagnostic electrocardiograph market growth through 2026. Also, ECG is cost effective procedure as compared to other procedures used to monitor or diagnose the cardiac problems. This in turn is driving the market growth. Besides, initiatives taken by different governments across the globe such as reimbursement policies, increasing investments in healthcare sector to minimize the cost of treatment, among others are expected to foster the market growth during the forecast period. However, dearth of skilled professionals to carry out the ECG procedure can hamper the market growth over the next few years. Furthermore, the market is quite fragmented with a lot of well-established branded players and emerging small players in every region and country. This has created a barrier in terms of pricing of the ECG devices across the globe. This in turn is expected to create a challenge for various companies especially the established brands in the market. Moreover, unpredictability of economic circumstances andmarketsaturation can restrict the market growth in the coming years. The global diagnostic electrocardiograph market is segmented into product type, channel, end user, company, and region. Based on channel, the market is fragmented into 12-channel, 6- channel, 5- channel, 3- channel and Single- channel. The 12- channel electrocardiographs segment dominated the market with a share of 40.56% in 2020 since these electrocardiographs are capable of capturing the heart rhythm from different points. Additionally, they provide a complete picture of heart in a graphical form. Based on end user, the market is segmented into hospital & clinics, ambulatory surgical centers, cardiac care centers and others. The hospital & clinics segment is expected to dominate the market during the forecast period on account of the growing burden of cardiovascular diseases, which, in turn, is increasing the need for quality cardiology care and increasing number of patient visits to physician offices for the diagnosis of cardiovascular diseases. Furthermore, growing number of hospitals across the globe is further expected to drive the segmental growth. North America dominated the global diagnostic electrocardiograph market in 2020 with a market share of 34.07% and is expected to hold its position through 2026 as the region has well-developed healthcare infrastructure and the investments in the healthcare and medical sectors are also high. Additionally, growing burden of cardiovascular diseases in the region further supports the market growth. Also, heart disease is the leading cause of death in men, women, and people of most racial and ethnic groups in the United States. It is estimated that about 655,000 Americans die from heart disease each year that is 1 in every 4 deaths. Some of the leading players operating in the global diagnostic electrocardiograph market include Hill-Rom Holdings, Inc., Nihon Kohden Corporation, GE Healthcare, Medtronic Plc., Schiller AG, Allengers Medical Systems, Ltd., Fukuda Denshi USA, Inc., Ambu A/S, Cardioline S.p.A., Koninklijke Philips N.V., OSI Systems, Inc. (Spacelabs Healthcare), SUZUKEN CO., LTD, Cardionet, Inc. Mindray Medical International Limited., BPL Medical Technologies, among others. In order to expand their market share, the companies tend to adopt various strategies like new product launches, mergers & collaborations and acquisitions. “The growing awareness and consciousness among the population pertaining to their health especially with regard to unhealthy eating habits and sedentary lifestyle is expected to drive the growth of global diagnostic electrocardiograph market through 2026. Additionally, advancement in technology and increasing investments by major players operating in the market is expected to further support the market growth in the forecast period. The developing nations are anticipated to witness high growth opportunities as compared to the developed nations owing to the market saturation in these nations.”, said Mr. Karan Chechi, ResearchDirector with TechSci Research, a research based global management consulting firm. 19

Sample Data -Snapshot Global Diagnostic Electrocardiograph Market Size, By Value (USD Million), By Volume (Million), 2016–2026F 15.00 12.00 13.00 14.00 110.00 9.00 10.00 11.00 80.00 90.00 100.00 6.00 7.00 8.00 50.00 60.00 70.00 5.00 20.00 30.00 40.00 10.00 2016 CAGR By Value & Volume 2020 2021E CAGR By Value & Volume 2026F XX% By Value (USD Million) YY% By Volume (Million) Middle East & Africa Diagnostic Electrocardiograph Market Share, By Product Type, By Value, 2016–2026F Resting ECG Devices Stress ECG Devices Holter Monitors Others 2026F 30% 30% 20% 20% 2025F 30% 30% 20% 20% 2024F 30% 30% 20% 20% 2023F 30% 30% 20% 20% 2022F 30% 30% 20% 20% 2021E 30% 30% 20% 20% 2020 30% 30% 20% 20% 2019 30% 30% 20% 20% 2018 30% 30% 20% 20% 2017 30% 30% 20% 20% 2016 30% 30% 20% 20% South Africa Diagnostic Electrocardiograph Market Share, By Channel, By Value, 2016–2026F 12-channel 6-channel 5- channel 3- channel Single- channel 2026F 20% 20% 20% 20% 20% 2025F 20% 20% 20% 20% 20% 2024F 20% 20% 20% 20% 20% 2023F 20% 20% 20% 20% 20% 2022F 20% 20% 20% 20% 20% 2021E 20% 20% 20% 20% 20% 2020 20% 20% 20% 20% 20% 2019 20% 20% 20% 20% 20% 2018 20% 20% 20% 20% 20% 2017 20% 20% 20% 20% 20% 2016 20% 20% 20% 20% 20% 20

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