Africa ECG Devices Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product Type (ECG Resting System, ECG Holter Monitoring System, ECG Stress Testing System, Cardiopulmonary Stress Testing System), By End User (Hospitals, Diagnostic centre, Clinics, Ambulatory Surgical Centre) And Competitive Landscape

Product Code: ETC389493 Publication Date: Nov 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 250 No. of Figures: 50 No. of Tables: 25

Africa ECG Devices Market Synopsis

Africa ECG Devices Market is anticipated to grow during the forecast period. This market is driven by the growing number of patients with cardiac diseases in. additionally, the increasing prevalence of obesity and other chronic diseases is also expanding the market size. Moreover, the growth can be attributed to increasing geriatric population in emerging countries and rising demand for medical devices among patients with chronic diseases.

However, it has faced several challenges such as lack of awareness about the benefits of ECDs and device failures due to improper use which pose a threat to the market potential. Therefore, some key market players are focusing on expanding their presence by developing innovative products and services that meet the needs of patients.

Some prominent inclinations that are expected to impact the market growth include Increasing geriatric population in emerging countries, rising demand for medical devices among patients, growing awareness about ECDs and Devices across regions, rising number of surgical procedures being conducted using cutting edge equipment and development of low-cost health care infrastructure.

According to 6Wresearch, Africa ECG Devices Market is expected to grow during 2022-2028. The Global ECG Devices Market is projected to grow over the coming years owing to the surging occurrence of chronic diseases among the individuals. Moreover, the rising frequency of cardiovascular diseases and increasing number of aged populations are some factors driving the growth of Africa ECG Devices Market. Additionally, the increasing demand for ekgs from various industries such as healthcare, oil and gas, food and beverage, etc. is anticipated to expand the market size. 

On the other hand, there are some other major factors contributing to the growth of the Africa ECG Devices industry are increasing incidence of heart diseases, growing number of patients undergoing ECG tests for various reasons such as diagnosing heart conditions and assessing cardiac risk, rising trend toward preventive healthcare measures such as regular check-ups and screenings and growing adoption of smart technologies across various industries, including medical devices. 

Adoption of wireless technology in medical devices is likely to augment the growth rate of the Africa ECG Devices market over the forecast period. This is due to increasing demand for wireless enabled devices among patients, hospitals, and clinics. Furthermore, rapid expansion of telehealth services across various geographies is also expected to propel the growth of this market. 

However, some of the key challenges that restrains the industry to grow are high cost of medical devices, stringent government regulations, and lack of awareness about cardiac devices in the continent.

Impact of COVID-19 on Africa ECG Devices Market 

The COVID-19 pandemic affected the growth of Africa ECG Devices industry and every industry out there in positive and negative ways. In general, Africa ECG Devices Market has led to a positive impact owing to the increasing consumption of alcohol, stress, and poor immune system during the COVID-19. The rising need of ECG Devices to monitor the heart health at their homes has bolstered the growth of the market especially during the pandemic. Moreover, the surging awareness regarding social distancing to curb the spread of the deadly disease led to rising stress and anxiety levels among the individuals. Incidences of hypertension, rising obesity, and increased smoking by sedentary lifestyle has increased the demand for Africa ECG Devices industry which in turn resulted in increased revenue. On the contrary, the outbreak of COVID-19 has led to a decrease in demand for ECG devices due to the postponement of elective procedures and reduction in outpatient visits. Hospitals and clinics are focused on treating COVID-19 patients which has resulted in a decrease in the number of non-urgent procedures being performed. This has had a negative impact on the Africa ECG Devices Market.

Market analysis based on Product Type

Based on Product Type, the Global ECG Devices Market is bifurcated into ECG Resting System, ECG Holter Monitoring System, ECG Stress Testing System, and Cardiopulmonary Stress Testing System, the Holter Monitoring System register the largest share in the market on account of evaluating heart related signs and symptoms such as chest pain.

Market analysis based on End-User

Based on End-User, market is segmented into Hospitals, Diagnostic Centre, Clinics, and Ambulatory Surgical Centre. ECG devices are beneficial to monitor abnormal heart activities and it is widely used in the clinical settings to prevent the risk of heart attacks owing to the increasing alcohol consumption and unhealthy diet.

Key players in the Africa ECG Devices Market

Some of the major market players include Abbott Laboratories Inc., Boston Scientific Corporation, St Jude Medical Inc., Medtronic Plc., Siemens AG, and Yokogawa Electric Corporation.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Africa ECG Devices Market Outlook
  • Market Size of Africa ECG Devices Market, 2021
  • Forecast of Africa ECG Devices Market, 2028
  • Historical Data and Forecast of Africa ECG Devices Revenues & Volume for the Period 2018 - 2028
  • Africa ECG Devices Market Trend Evolution
  • Africa ECG Devices Market Drivers and Challenges
  • Africa ECG Devices Price Trends
  • Africa ECG Devices Porter's Five Forces
  • Africa ECG Devices Industry Life Cycle
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By Product Type for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By ECG Resting System for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By ECG Holter Monitoring System for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By ECG Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By Cardiopulmonary Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By Product Type for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By ECG Resting System for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By ECG Holter Monitoring System for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By ECG Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By Cardiopulmonary Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By Product Type for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By ECG Resting System for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By ECG Holter Monitoring System for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By ECG Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By Cardiopulmonary Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By Product Type for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By ECG Resting System for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By ECG Holter Monitoring System for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By ECG Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By Cardiopulmonary Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By Product Type for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By ECG Resting System for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By ECG Holter Monitoring System for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By ECG Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By Cardiopulmonary Stress Testing System for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By End User for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By Hospitals for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By Diagnostic centre for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By Clinics for the Period 2018 - 2028
  • Historical Data and Forecast of Africa ECG Devices Market Revenues & Volume By Ambulatory Surgical Centre for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By End User for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By Hospitals for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By Diagnostic centre for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By Clinics for the Period 2018 - 2028
  • Historical Data and Forecast of South Africa ECG Devices Market Revenues & Volume By Ambulatory Surgical Centre for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By End User for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By Hospitals for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By Diagnostic centre for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By Clinics for the Period 2018 - 2028
  • Historical Data and Forecast of Nigeria ECG Devices Market Revenues & Volume By Ambulatory Surgical Centre for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By End User for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By Hospitals for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By Diagnostic centre for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By Clinics for the Period 2018 - 2028
  • Historical Data and Forecast of Kenya ECG Devices Market Revenues & Volume By Ambulatory Surgical Centre for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By End User for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By Hospitals for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By Diagnostic centre for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By Clinics for the Period 2018 - 2028
  • Historical Data and Forecast of Rest of Africa ECG Devices Market Revenues & Volume By Ambulatory Surgical Centre for the Period 2018 - 2028
  • Africa ECG Devices Market - Key Performance Indicators
  • Africa ECG Devices Market - Import Export Trade Statistics
  • Africa ECG Devices Market - Opportunity Assessment By Countries
  • Africa ECG Devices Market - Opportunity Assessment By Product Type
  • Africa ECG Devices Market - Opportunity Assessment By End User
  • Africa ECG Devices Market - Top Companies Market Share
  • Africa ECG Devices Market - Top Companies Profiles
  • Africa ECG Devices Market - Comparison of Players in Technical and Operating Parameters
  • Africa ECG Devices Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries 

  • South Africa
  • Nigeria
  • Kenya
  • Rest Of Africa

By Product Type

  • ECG Resting System
  • ECG Holter Monitoring System
  • ECG Stress Testing System
  • Cardiopulmonary Stress Testing System

By End User 

  • Hospitals
  • Diagnostic Centre
  • Clinics
  • Ambulatory Surgical Centre
Frequently Asked Questions About the Market Study: FAQs

1. What are the major key players in the Africa ECG Devices Market?

Some of the major players in the Africa ECG Devices market are Medtronic, Boston Scientific Corp., St Jude Medical Inc., Medtronic PLC, Johnson & Johnson, Samsung SDI Co., Ltd., Abbott Laboratories and Philips Healthcare. 

2. What are the factors propelling the growth of this market?

The rise in geriatric population, increasing obesity and increase in incidence of heart diseases are some of the factors propelling the growth of this market.

3. What are the challenges faced by the industry?

The Africa ECG Devices Market encounter various challenges such as lack of awareness about the benefits of ECG monitoring among patients and caregivers, lack of suitable ECG devices for use in Africa, high cost of equipment and labor.

4. Why key market players are focusing on expanding their presence?

Major key market players are focusing on expanding their presence to fulfil the prerequisites of patience by manufacturing innovative products.

1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Africa ECG Devices Market Overview
3.1 Africa Regional Macro Economic Indicators
3.2 Africa ECG Devices Market Revenues & Volume, 2021 & 2028F
3.3 Africa ECG Devices Market - Industry Life Cycle
3.4 Africa ECG Devices Market - Porter's Five Forces
3.5 Africa ECG Devices Market Revenues & Volume Share, By Countries, 2021 & 2028F
3.6 Africa ECG Devices Market Revenues & Volume Share, By Product Type, 2021 & 2028F
3.7 Africa ECG Devices Market Revenues & Volume Share, By End User, 2021 & 2028F
4 Africa ECG Devices Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Africa ECG Devices Market Trends
6 Africa ECG Devices Market, 2018 - 2028
6.1 Africa ECG Devices Market, Revenues & Volume, By Product Type, 2018 - 2028
6.2 Africa ECG Devices Market, Revenues & Volume, By End User, 2018 - 2028
7 South Africa ECG Devices Market, 2018 - 2028
7.1 South Africa ECG Devices Market, Revenues & Volume, By Product Type, 2018 - 2028
7.2 South Africa ECG Devices Market, Revenues & Volume, By End User, 2018 - 2028
8 Nigeria ECG Devices Market, 2018 - 2028
8.1 Nigeria ECG Devices Market, Revenues & Volume, By Product Type, 2018 - 2028
8.2 Nigeria ECG Devices Market, Revenues & Volume, By End User, 2018 - 2028
9 Kenya ECG Devices Market, 2018 - 2028
9.1 Kenya ECG Devices Market, Revenues & Volume, By Product Type, 2018 - 2028
9.2 Kenya ECG Devices Market, Revenues & Volume, By End User, 2018 - 2028
10 Rest of Africa ECG Devices Market, 2018 - 2028
10.1 Rest of Africa ECG Devices Market, Revenues & Volume, By Product Type, 2018 - 2028
10.2 Rest of Africa ECG Devices Market, Revenues & Volume, By End User, 2018 - 2028
11 Africa ECG Devices Market Key Performance Indicators
12 Africa ECG Devices Market - Opportunity Assessment
12.1 Africa ECG Devices Market Opportunity Assessment, By Countries, 2021 & 2028F
12.2 Africa ECG Devices Market Opportunity Assessment, By Product Type, 2021 & 2028F
12.3 Africa ECG Devices Market Opportunity Assessment, By End User, 2021 & 2028F
13 Africa ECG Devices Market - Competitive Landscape
13.1 Africa ECG Devices Market Revenue Share, By Companies, 2021
13.2 Africa ECG Devices Market Competitive Benchmarking, By Operating and Technical Parameters
14 Company Profiles
15 Recommendations
16 Disclaimer
 
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